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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2021
Stockholders' Equity Note [Abstract]  
Summary of shares granted, vested, forfeited and unvested
A summary of shares awarded, vested, forfeited and unvested under the terms of the Share Award Plan for the years ended December 31, 2021, 2020 and 2019 is as follows:
202120202019
Number
of
Shares
Weighted
Average
Grant Date
Fair Value
Number
of
Shares
Weighted
Average
Grant Date
Fair Value
Number
of
Shares
Weighted
Average
Grant Date
Fair Value
Unvested shares, beginning of year325,900 $14.71 194,540 $26.59 164,000 $28.39 
Shares granted340,700 $11.26 305,400 $8.91 155,100 $25.00 
Shares vested(240,470)$14.78 (173,190)$17.76 (122,010)$25.09 
Shares forfeited(1,100)$12.96 (850)$26.93 (2,550)$27.49 
Unvested shares, end of year425,030 $11.93 325,900 $14.71 194,540 $26.59 
Schedule of stock repurchases
During the years ended December 31, 2021, 2020 and 2019, we repurchased our common shares from certain of our officers and certain current or former employees of RMR LLC, in satisfaction of tax withholding and payment obligations in connection with the vesting of our common shares as follows:
YearAggregate Number
of Shares Repurchased
Weighted Average
Repurchase Price
Value
202171,100 $11.11$790
202043,751 $7.90$346
201931,225 $25.61$800
Schedule of distributions paid
During the years ended December 31, 2021, 2020 and 2019, we paid distributions on our common shares as follows:
Annual Per Share DistributionTotal DistributionCharacterization of Distribution
Year Ordinary IncomeCapital GainReturn of CapitalQualified Dividend
2021$0.04$6,596—%100.00%—%
2020$0.57$93,804—%100.00%—%
2019$2.15$353,62044.50%37.93%17.57%0.50%
Schedule of amounts recognized in cumulative other comprehensive income (loss)
The following table presents changes in the amounts we recognized in cumulative other comprehensive income (loss) by component for the year ended December 31, 2021:
Equity in
Unrealized Gain
(Loss) of InvesteesTotal
Balance at December 31, 2019$— $— 
Other comprehensive loss(760)(760)
Amounts reclassified from cumulative other comprehensive income to net income— — 
Balance at December 31, 2020(760)(760)
Other comprehensive income1,539 1,539 
Amounts reclassified from cumulative other comprehensive income to net income— — 
Balance at December 31, 2021$779 $779