|6 Months Ended|
Jun. 30, 2020
|Subsequent Events [Abstract]|
17. SUBSEQUENT EVENTS
On July 2, 2020, the Company declared a quarterly dividend of $1.07 per common share. The dividend was paid on July 27, 2020 to shareholders of record on July 14, 2020. The total dividend paid amounted to $50.2 million.
On July 2, 2020, the Company acquired the remaining ownership interest in Warehouse Anywhere LLC for cash payment of $2.0 million along with a potential for the sellers to receive additional future payment based on the 2023 results of Warehouse Anywhere LLC. Subsequent to this transaction, the Company now owns 100% of Warehouse Anywhere LLC.
Subsequent to June 30, 2020, the Company entered into a contract to acquire a self-storage facility for a purchase price of $13.7 million. The purchase of this facility is subject to customary conditions to closing, and there is no assurance that this facility 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://www.xbrl.org/2003/role/disclosureRef