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Dividends Declared and Paid

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Dividends Declared and Paid

Dividends Declared and Paid

Common Dividends

The Company suspended common share dividends beginning after the payment of the March 27, 2020 dividend due to a decline in operating performance caused by the COVID-19 pandemic. The Company reinstated common share dividends during the fourth quarter of 2022. During the three months ended March 31, 2023, the Company declared total common share dividends of $0.07 per share and distributions on LTIP units of $0.07 per unit.

						Record Date						Payment Date						Common share distribution amount						LTIP unit distribution amount
March						3/31/2023						4/17/2023						$	0.07					$	0.07
Total 2023																		$	0.07					$	0.07

Preferred Dividends

During the three months ended March 31, 2023, the Company declared dividends of $0.41406 per share of 6.625% Series A Cumulative Redeemable Preferred Shares. The preferred share dividends paid were as follows:

Record Date

Payment Date

Dividend per Preferred Share

March

3/31/2023

4/17/2023

$

0.41406

Total 2023

$

0.41406

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