Subsequent Events

9 Months Ended

Sep. 30, 2019

Subsequent Events [Abstract]

Subsequent Events

13. Subsequent Events

In October 2019, the Company purchased a shopping center in Austin, Texas, for $12.6 million.

In October 2019, the Company issued 13.225 million common shares resulting in net proceeds of approximately $195.0 million.

In October 2019, the Company provided notice of its intent to redeem all $200.0 million aggregate liquidation preference of its 6.5% Class J Cumulative Redeemable Preferred Shares (the “Class J Preferred Shares”) at a redemption price of $500 per Class J Preferred Share (or $25.00 per depositary share) plus accrued and unpaid dividends of $3.7917 per Class J Preferred Share (or $0.1896 per depository share). The Company expects to record a non-cash charge of approximately $7.2 million to net income attributable to common shareholders in the fourth quarter of 2019 relating to the write-off of the Class J Preferred Shares’ original issuance costs.