EQUITY AND MEZZANINE EQUITY (Tables)

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

Schedule of Sale of Common Shares

The table below provides details on the sale of common shares during the three and nine months ended September 30, 2020. As of September 30, 2020, common shares having an aggregate offering price of up to $69.2 million remained available under the 2019 ATM Program.

	(in thousands, except per share amounts)
Three Months Ended September 30,	Number of Common Shares	Total Consideration(1)		Average Price Per Share(1)
2020	145	$	10,218	$	70.55
Nine Months Ended September 30,
2020	819	$	57,528	$	70.23

(1)Total consideration is net of $156,000 and $890,000 in commissions during the three and nine months ended September 30, 2020, respectively, and issuance costs.

Schedule of Conversions of Stock

Pursuant to the exercise of exchange rights, we redeemed Units for cash during the three and nine months ended September 30, 2020 and 2019 as detailed in the table below.

	(in thousands, except per Unit amounts)
Three Months Ended September 30,	Number of Units	Aggregate Cost(1)		Average Price Per Unit
2020	—	$	26	$	71.52
2019	—	$	11	$	62.10
Nine Months Ended September 30,
2020	1	$	48	$	70.10
2019	136	$	8	$	59.99

(1)The redemption price is determined using the volume weighted average price for the ten trading days prior to the date a unitholder provides notification of their intent to redeem units.

We also redeemed Units in exchange for common shares in connection with Unitholders exercising their exchange rights during the three and nine months ended September 30, 2020 and 2019 as detailed in the table below.

	(in thousands)
Three Months Ended September 30,	Number of Units	Total Book Value
2020	4	$	(462)
2019	—	$	10
Nine Months Ended September 30,
2020	40	$	(344)
2019	8	$	(511)

Schedule of Repurchase Program

Common shares and Series C Preferred Shares repurchased during the three and nine months ended September 30, 2020 and 2019 are detailed in the table below.

	(in thousands, except per share amounts)
Three Months Ended September 30,	Number of Common Shares	Number of Preferred Shares	Aggregate Cost(1)		Average Price Per Share(1)
2020	—	2	$	49	$	25.49
2019	39	—	$	2,346	$	59.57
Nine Months Ended September 30,
2020	—	237	$	5,628	$	23.75
2019	329	—	$	18,023	$	54.69

(1)Amount includes commissions.