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Dividends Declared and Paid | 6 Months Ended
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Jun. 30, 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. The Company declared total common share dividends of $0.07 per share and distributions on LTIP units of $0.07 per unit for the three months ended June 30, 2023, and $0.14 per share and unit for the six months ended June 30, 2023.
|  | Record Date |  | Payment Date |  | Common share distribution amount |  | LTIP unit distribution amount
March | 3/31/2023 |  | 4/17/2023 |  | $ | 0.07 |  |  | $ | 0.07 |
June | 6/30/2023 |  | 7/17/2023 |  | 0.07 |  |  | 0.07 |
Total 2023 |  |  |  |  | $ | 0.14 |  |  | $ | 0.14 |
Preferred Dividends During the three and six months ended June 30, 2023, the Company declared dividends of $0.41406 and $0.82812, respectively, 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 |
June |  | 6/30/2023 |  | 7/17/2023 |  | 0.41406
Total 2023 |  |  |  |  |  | $ | 0.82812 |

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