v3.26.1
Shareholders' Equity
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Shareholders' Equity Shareholders' Equity
Common Share Awards:
On June 10, 2026, in accordance with our Trustee compensation arrangements, we awarded to each of our seven Trustees 12,401 of our common shares, valued at $8.87 per share, the closing price of our common shares on Nasdaq on that day. We include the aggregate value of these awards in general and administrative expenses in our condensed consolidated statements of comprehensive income (loss).
Common Share Purchases:
During the three and six months ended June 30, 2026, we purchased an aggregate of 6,086 and 18,479 of our common shares, respectively, valued at a weighted average share price of $8.32 and $7.54, respectively, from certain former employees of The RMR Group LLC, or RMR, in satisfaction of tax withholding and payment obligations in connection with the vesting of prior awards of our common shares. We withheld and purchased these common shares at their fair market values based upon the trading prices of our common shares at the close of trading on Nasdaq on the applicable purchase dates.
Distributions:
During the six months ended June 30, 2026, we declared and paid quarterly distributions to common shareholders as follows:
Declaration DateRecord DatePayment DateDistribution Per ShareTotal Distributions
January 15, 2026January 26, 2026February 19, 2026$0.01 $2,421 
April 9, 2026April 21, 2026May 14, 20260.01 2,421 
$0.02 $4,842 
On July 9, 2026, we declared a quarterly distribution to common shareholders of record on July 20, 2026 of $0.01 per share, or approximately $2,421. We expect to pay this distribution on or about August 13, 2026 using cash on hand.