|9 Months Ended|
Sep. 30, 2018
|Subsequent Events [Abstract]|
17. SUBSEQUENT EVENTS
On October 2, 2018, the Company declared a quarterly dividend of $1.00 per common share. The dividend was paid on October 26, 2018 to shareholders of record on October 16, 2018. The total dividend paid amounted to $46.6 million.
Subsequent to September 30, 2018, the Company entered into contracts to acquire two self-storage facilities for an aggregate purchase price of $19.2 million. The purchases of these two facilities are subject to customary conditions to closing and there is no assurance that these facilities will be acquired.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef