Equity

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Equity

7.Equity

Common Share Dividends

	Three Months				Six Months
	Ended June 30,				Ended June 30,
	2023		2022		2023		2022
Common share dividends declared per share	$	0.13	$	0.13	$	0.26	$	0.26

Common Shares Repurchased

In the first quarter of 2023, the Company repurchased 1.5 million of its common shares in open market transactions at an aggregate cost of $20.0 million, or $13.43 per share. In late December 2022, the Company repurchased 0.5 million common shares at an aggregate cost of $6.6 million under this new program which settled in January 2023.

Non-Controlling Interests

In May 2023, the Company repurchased 140,633 Operating Partnership units (“OP Units”) outstanding for cash at an aggregate cost of $1.7 million. The gain on the transaction was reflected in Additional Paid-in-Capital.