Equity

6 Months Ended

Jun. 30, 2014

Equity

9. EQUITY

Common Shares

Common share dividends declared per share were as follows:

	Three-Month Periods Ended June 30,				Six-Month Periods Ended June 30,
	2014		2013		2014		2013
Common share dividends declared per share	$	0.155	$	0.135	$	0.31	$	0.27

Preferred Shares

In May 2014, the Company redeemed the remaining $55.0 million of its Class H Preferred Shares at a redemption price of $504.6094 per Class H Preferred Share (the sum of $500.00 per Class H Preferred Share and dividends per Class H Preferred Share of $4.6094 prorated to the redemption date of May 30, 2014) or $25.2305 per depositary share (the sum of $25.00 per depositary share and dividends per depositary share of $0.2305 prorated to the redemption date of May 30, 2014). The Company recorded a charge of $1.9 million in the second quarter of 2014 related to the write-off of the Class H Preferred Shares’ original issuance costs.

Non-Controlling Interests

In June 2014, the Company issued 1.0 million OP Units in conjunction with the purchase of an asset in Chicago, Illinois (Note 3).