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Shareholders' Equity
3 Months Ended
Mar. 31, 2020
Stockholders' Equity Note [Abstract]  
Shareholders' Equity
Note 8. Shareholders' Equity
Distributions
On February 20, 2020, we paid a regular quarterly distribution to our common shareholders of record on January 27, 2020 of $0.54 per share, or $88,863. On March 30, 2020 we declared a regular quarterly distribution to common shareholders of record on April 21, 2020 of $0.01 per share, or $1,646. We expect to pay this amount on or about May 21, 2020.
Share Awards
On February 27, 2020, in accordance with our Trustee compensation arrangements, we granted 3,000 of our common shares, valued at $18.64 per common share, the closing price of our common shares on The Nasdaq Stock Market LLC, or Nasdaq, on that day to each of our two new Trustees as part of their annual compensation.
Share Repurchases
During the quarter ended March 31, 2020, we purchased an aggregate of 2,637 of our common shares valued at a weighted average price per common share of $16.36, based on the closing price of our common shares on Nasdaq, on the date of repurchase, from certain former employees of RMR LLC, in satisfaction of tax withholding and payment obligations in connection with the vesting of awards of our common shares.