v3.25.3
Shareholders' Equity
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Shareholders' Equity Shareholders’ Equity
Common Share Awards
On May 28, 2025, in accordance with our Trustee compensation arrangements, we awarded to each of our seven Trustees 28,875 of our common shares, valued at $3.29 per share, the closing price of our common shares on The Nasdaq Stock Market LLC, or Nasdaq, on that day.
On September 9, 2025, we awarded to our officers and certain other employees of The RMR Group LLC, or RMR, under our equity compensation plan an aggregate of 386,988 of our common shares, valued at $6.15 per share, the closing price of our common shares on Nasdaq on that day.
Common Share Purchases
During the three and nine months ended September 30, 2025, we purchased an aggregate of 63,752 and 73,451 of our common shares, respectively, valued at a weighted average price of $6.35 and $5.93 per common share, respectively, from our officers and certain other current and former officers and employees of RMR in satisfaction of tax withholding and payment obligations in connection with the vesting of 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 nine months ended September 30, 2025, we declared and paid a regular quarterly distribution to common shareholders as follows:
DistributionTotal
Declaration DateRecord DatePayment DatePer ShareDistribution
January 16, 2025January 27, 2025February 20, 2025$0.01 $661 
April 10, 2025April 22, 2025May 15, 20250.01 662 
July 10, 2025July 21, 2025August 14, 20250.05 3,317 
$0.07 $4,640 
On October 9, 2025, we declared a regular quarterly distribution to common shareholders of record on October 27, 2025 of $0.05 per share, or approximately $3,333. We expect to pay this distribution on or about November 13, 2025 using cash on hand.