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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2024
Stockholders' Equity Note [Abstract]  
Schedule of Share Awarded to Trustees, Officers and Other Employees of RMR During the years ended December 31, 2024, 2023 and 2022, we awarded shares to our Trustees, officers and other employees of RMR as follows:
YearNumber of SharesWeighted Average Grant Date Fair ValueWeighted Average Value of Grants
20241,031,329 $4.50 $4,641 
2023438,000 $7.88 $3,451 
2022433,500 $6.63 $2,874 
Schedule of Shares Awarded, Vested, Forfeited and Unvested Under Share Award Plan
A summary of shares awarded, vested, forfeited and unvested under the terms of the 2012 Plan for the years ended December 31, 2024, 2023 and 2022 is as follows:
202420232022
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 year609,960 $7.88 588,830 $8.81 425,030 $11.93 
Shares awarded1,031,329 $4.50 438,000 $7.88 433,500 $6.63 
Shares vested(613,848)$6.23 (394,470)$9.21 (266,300)$10.20 
Shares forfeited(3,000)$6.75 (22,400)$8.91 (3,400)$12.08 
Unvested shares, end of year1,024,441 $5.47 609,960 $7.88 588,830 $8.81 
Schedule of Stock Repurchases
During the years ended December 31, 2024, 2023 and 2022, we purchased our common shares from our officers and certain other current and former officers and employees of RMR in satisfaction of tax withholding and payment obligations in connection with the vesting of our common shares as follows:
YearAggregate Number
of Shares Purchased
Weighted Average
Purchase Price
Value
2024161,387 $4.65$751
202398,571 $8.14$802
202269,867 $6.72$470
Schedule of Distributions Paid on Common Shares
During the years ended December 31, 2024, 2023 and 2022, we paid distributions on our common shares as follows:
Annual Per Share DistributionTotal DistributionsCharacterization of Distributions
Year Ordinary IncomeCapital GainReturn of Capital
Qualified Dividend (1)
2024$0.61$101,150—%—%100.00%—%
2023$0.80$132,4309.30%86.15%4.55%6.25%
2022$0.23$38,044—%—%100.00%—%
(1)Qualified Dividends are a subset of, and included in, the Ordinary Income amount.