|12 Months Ended|
Dec. 31, 2021
|Subsequent Events [Abstract]|
15. SUBSEQUENT EVENTS
On January 3, 2022, the Company declared a quarterly dividend of $1.00 per common share. The dividend was paid on January 26, 2022 to shareholders of record on January 14, 2022. The total dividend paid amounted to $83.6 million.
As discussed in Note 14, in January 2022, the Company acquired six self-storage facilities for an aggregate purchase price of $165.0 million.
During January 2022, the Company issued 74,127 shares of common stock under the Company’s continuous equity offering program at a weighted average issuance price of $151.58 per share, generating net proceeds of $11.1 million.
Subsequent to December 31, 2021, the Company entered into contracts to acquire 15 self-storage facilities for an aggregate purchase price of $236.2 million. The purchases of these 15 self-storage 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://www.xbrl.org/2003/role/disclosureRef