XML 36 R40.htm IDEA: XBRL DOCUMENT v2.4.0.8
Shareholders' Equity (Details) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended 0 Months Ended 6 Months Ended 0 Months Ended 6 Months Ended 0 Months Ended 6 Months Ended 0 Months Ended 0 Months Ended 6 Months Ended 0 Months Ended 0 Months Ended 6 Months Ended 0 Months Ended
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Jun. 06, 2014
RMR
May 08, 2014
RMR
Apr. 07, 2014
RMR
Mar. 07, 2014
RMR
Feb. 07, 2014
RMR
Jun. 30, 2014
RMR
Jul. 09, 2014
RMR
Subsequent Event
Jun. 30, 2014
Equity compensation plan
Officers and employees
RMR
May 14, 2014
Series D
Feb. 15, 2014
Series D
Jun. 30, 2014
Series D
Jul. 25, 2014
Series D
Subsequent Event
Jul. 25, 2014
Series D
Subsequent Event
Accrued dividend from February 15, 2014 to May 14, 2014
Jul. 25, 2014
Series D
Subsequent Event
Accrued dividend from May 15, 2014 to August 14, 2014
Feb. 15, 2014
Series E
Jun. 30, 2014
Series E
Jul. 25, 2014
Series E
Subsequent Event
Jul. 25, 2014
Series E
Subsequent Event
Accrued dividend from February 15, 2014 to May 14, 2014
Jul. 25, 2014
Series E
Subsequent Event
Accrued dividend from May 15, 2014 to August 14, 2014
Feb. 21, 2014
Common Shares
Jun. 30, 2014
Common Shares
May 14, 2014
Common Shares
Jan. 28, 2014
Common Shares
Trustees
trustee
Mar. 25, 2014
Common Shares
Equity compensation plan
Officers and employees
RMR
Jun. 30, 2014
Series D Convertible Preferred Shares
Shareholders' Equity                                                          
Common shares issued         11,729 11,275 11,410 10,625 12,187 68,206 10,980                                    
Shares of beneficial interest granted                                                     2,000    
Par value of shares of beneficial interest (in dollars per share)   $ 0.01   $ 0.01                                             $ 0.01    
Price per common share (in dollars per share)                                                     $ 23.46    
Number of former trustees to whom common shares granted                                                     2    
Common shares issued to holders of preferred shares                         10,411,779                                
Preferred shares converted into common shares                         10,263,003                                
Shares issued                                                       130,914  
Compensation expense                       $ 3.4                                  
Cash distributions paid on preferred shares (in dollars per share)                           $ 0.4063         $ 0.4531                    
Distribution paid or declared on preferred shares                           6.2         5.0                    
Additional distributions on common stock declared (in dollars per share) $ 0.25 $ 0.25 $ 0.50                                         $ 0.25          
Distributions paid or declared on common shares                                               29.6          
Distributions in arrears                             3.0         7.5                  
Distributions in arrears (in dollars per share)                             $ 0.6094         $ 0.6797                  
Dividend declared (in dollars per share)                               $ 0.8125         $ 0.90625                
Accrued dividend (in dollars per share)                                 $ 0.40625 $ 0.40625       $ 0.453125 $ 0.453125            
Distribution on conversion of preferred shares excess of the market value of the common shares issued above the carrying value of preferred shares                             $ 16.2                            
Liquidation preference (in dollars per share)                             $ 25.00                            
Percentage of average closing market price of the entity's common stock based on which ratio for conversion of preferred shares into common shares is determined                             98.00%                            
Number of consecutive trading days considered for calculating the average of the closing sale prices of the common shares                             5 days                            
Number of shares per $25.00 liquidation preference considered for calculating the Fundamental Change Conversion Rate                                                 1.0145        
Common shares from conversion of preferred shares                         10,263,003                       2,363,969 10,411,779     4,916,997