Common Shares of Beneficial Interest

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

Common Shares of Beneficial Interest

Note 6. Common Shares of Beneficial Interest

We have a $200 million share repurchase plan where we may repurchase common shares of beneficial interest ("common shares") from time-to-time in open-market or in privately negotiated purchases. The timing and amount of any shares repurchased will be determined by management based on its evaluation of market conditions and other factors. The repurchase plan may be suspended or discontinued at any time, and we have no obligations to repurchase any amount of our common shares under the plan.

During the nine months ended September 30, 2020, .8 million common shares were repurchased at an average price of $21.47 per share, and no common shares were purchased during the year ended December 31, 2019. At September 30, 2020 and as of the date of this filing, $163.3 million of common shares remained available to be repurchased under this plan.

Common dividends of $.18 per common share totaling $23.1 million were declared and recorded in September 2020, and were paid in October 2020.