Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.20.2
Subsequent Events
6 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events

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.