|6 Months Ended|
Jun. 30, 2021
|Subsequent Events [Abstract]|
17. SUBSEQUENT EVENTS
On July 1, 2021, the Company declared a quarterly dividend of $0.74 per common share. The dividend was paid on July 26, 2021 to shareholders of record on July 14, 2021. The total dividend paid amounted to $57.9 million.
During July 2021, the Company issued 272,312 shares of common stock under the Company’s continuous equity offering program at a weighted average issuance price of $110.60 per share, generating net proceeds of $29.8 million.
Subsequent to June 30, 2021, the Company acquired two self-storage facilities for an aggregate purchase price of $22.1 million.
On August 2, 2021, the Company entered into a contract to acquire four self-storage facilities for an aggregate purchase price of $47.5 million. The purchase of these facilities is 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://www.xbrl.org/2003/role/disclosureRef