Share-Based Compensation

3 Months Ended

Mar. 31, 2021

Note 9. Share-Based Compensation

The following tables set forth certain share-based compensation information for the three months ended March 31, 2021 and 2020, respectively:

	Three months ended March 31,
	2021			2020
Expense relating to share/unit grants	$	929,000		$	1,077,000
Amounts capitalized		(49,000	)		(63,000	)
Total charged to operations	$	880,000		$	1,014,000

				Weighted average
	Shares			grant date value
Unvested shares/units, December 31, 2020		642,000		$	25.86
Restricted share grants		119,000		$	10.58
Vested during period		(67,000	)	$	38.62
Forfeitures/cancellations		(6,000	)	$	17.54
Unvested shares/units, March 31, 2021		688,000		$	22.05

During the three months ended March 31, 2021 there were 119,000 restricted shares issued, with a weighted average grant date fair value of $10.58 per share.