Shareholders' Equity

3 Months Ended

Mar. 31, 2024

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders’ Equity

 Common Share Issuances

See Note 7 for information regarding equity issuances related to share-based compensation.

Common Share Repurchases

We did not repurchase any common shares under our share repurchase program during the three months ended March 31, 2024. As of March 31, 2024, we had $93.3 million of remaining availability under our share repurchase program, which expires on June 30, 2024.

During the three months ended March 31, 2024 and 2023, certain of our employees and former employees surrendered 161,837 and 134,193 common shares owned by them, respectively, to satisfy their statutory tax withholding obligations in connection with the vesting of such common shares pursuant to our equity compensation plans.

Common Share Distributions

In February 2024, the number of earned awards for recipients of the Company’s restricted stock units granted in January 2021 was determined. Pursuant to the terms of such awards, we paid one-time catch-up cash distributions to these recipients in the aggregate amount of $2.0 million, for distributions to common shareholders declared by our Board of Trustees during such awards’ performance measurement period.

Preferred Share Distributions

In 2024, our Board of Trustees declared distributions on our series D preferred shares to date as follows:

Declaration Date	Record Date	Payment Date	Series D Dividend Per Share
January 16, 2024	January 31, 2024	February 15, 2024	$	0.40625
April 16, 2024	April 30, 2024	May 15, 2024	$	0.40625