Common Shares of Beneficial Interest	12 Months Ended
Dec. 31, 2020
Equity [Abstract]
Common Shares of Beneficial Interest	Note 8. Common Shares of Beneficial Interest We have a $200 million share repurchase plan where we may repurchase 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 year ended December 31, 2020, 1.7 million common shares were repurchased at an average price of $19.09 per share, and no common shares were repurchased during the year ended December 31, 2019. At December 31, 2020 and as of the date of this filing, $149.4 million of common shares remained available to be repurchased under this plan. Common dividends declared per share were $1.30, $1.58 and $2.98 for the year ended December 31, 2020, 2019 and 2018, respectively. In 2020, the regular dividend rate per share for our common shares was $.395 for the first quarter and $.18 for each subsequent quarter. The regular dividend rate per share for our common shares for each quarter of 2019 and 2018 was $.395. During 2020 and 2018, we paid a special dividend for our common shares in an amount per share of $.36 and $1.40, respectively, which was due to the significant gains on dispositions of property. No special dividend was paid in 2019. Subsequent to December 31, 2020, a first quarter dividend of $.30 per common share was approved by our Board of Trust Managers.

Common Shares of Beneficial Interest

12 Months Ended

Dec. 31, 2020

Note 8. Common Shares of Beneficial Interest

We have a $200 million share repurchase plan where we may repurchase 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 year ended December 31, 2020, 1.7 million common shares were repurchased at an average price of $19.09 per share, and no common shares were repurchased during the year ended December 31, 2019. At December 31, 2020 and as of the date of this filing, $149.4 million of common shares remained available to be repurchased under this plan.

Common dividends declared per share were $1.30, $1.58 and $2.98 for the year ended December 31, 2020, 2019 and 2018, respectively. In 2020, the regular dividend rate per share for our common shares was $.395 for the first quarter and $.18 for each subsequent quarter. The regular dividend rate per share for our common shares for each quarter of 2019 and 2018 was $.395. During 2020 and 2018, we paid a special dividend for our common shares in an amount per share of $.36 and $1.40, respectively, which was due to the significant gains on dispositions of property. No special dividend was paid in 2019. Subsequent to December 31, 2020, a first quarter dividend of $.30 per common share was approved by our Board of Trust Managers.