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Income (Loss) Per Share (Tables) | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Summary of Amounts Used in Calculating Basic and Diluted Earnings (Loss) Per Share | The following table reconciles the amounts used in calculating basic and diluted income (loss) per share (in thousands, except per-share amounts):
|  |  | Year Ended December 31,
|  |  |  |  | 2023 |  | 2022 |  | 2021
Income (loss) allocated to common stockholders - basic and diluted: |  |  |  |  |  |  |  |  |
Income (loss) attributable to the Company |  |  |  |  | $ | (178,489) |  |  | $ | (139,825) |  |  | $ | (267,005) |
Less: dividends on preferred stock |  |  |  |  | (15,921) |  |  | (12,433) |  |  | (252) |
Less: deemed dividends on redeemable preferred stock |  |  |  |  | (2,673) |  |  | (946) |  |  | — |
Add: Gain (loss) on extinguishment of preferred stock |  |  |  |  | 3,390 |  |  | — |  |  | (607) |
Add: Claw back of dividends on cancelled performance stock units |  |  |  |  | — |  |  | — |  |  | 349 |
Distributed and undistributed income (loss) allocated to common stockholders - basic |  |  |  |  | $ | (193,693) |  |  | $ | (153,204) |  |  | $ | (267,515) |
Net income (loss) attributable to redeemable noncontrolling interests in operating partnership |  |  |  |  | — |  |  | — |  |  | (3,970) |
Distributed and undistributed income (loss) allocated to common stockholders - diluted |  |  |  |  | $ | (193,693) |  |  | $ | (153,204) |  |  | $ | (271,485) |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding - basic |  |  |  |  | 34,523 |  |  | 34,339 |  |  | 21,625 |
Effect of assumed conversion of operating partnership units |  |  |  |  | — |  |  | — |  |  | 219 |
Weighted average shares outstanding - basic and diluted |  |  |  |  | 34,523 |  |  | 34,339 |  |  | 21,844 |
Basic income (loss) per share: |  |  |  |  |  |  |  |  |
Net income (loss) allocated to common stockholders per share |  |  |  |  | $ | (5.61) |  |  | $ | (4.46) |  |  | $ | (12.37) |
Diluted income (loss) per share: |  |  |  |  |  |  |  |  |
Net income (loss) allocated to common stockholders per share |  |  |  |  | $ | (5.61) |  |  | $ | (4.46) |  |  | $ | (12.43) |
Summary of Computation of Diluted Income Per Share | Due to their anti-dilutive effect, the computation of diluted income (loss) per share does not reflect adjustments for the following items (in thousands):
|  |  |  | Year Ended December 31, |
|  |  |  |  |  | 2023 |  | 2022 |  | 2021 |
Income (loss) allocated to common stockholders is not adjusted for: |  |  |  |  |  |  |  |  |  |  |
Income (loss) attributable to redeemable noncontrolling interests in operating partnership |  |  |  |  |  | $ | (2,239) |  |  | $ | (1,233) |  |  | $ | — |  |
Dividends on preferred stock - Series J (inclusive of deemed dividends) |  |  |  |  |  | 6,014 |  |  | 944 |  |  | — |  |
Dividends on preferred stock - Series K (inclusive of deemed dividends) |  |  |  |  |  | 317 |  |  | 21 |  |  | — |  |
Total |  |  |  |  |  | $ | 4,092 |  |  | $ | (268) |  |  | $ | — |  |
Weighted average diluted shares are not adjusted for: |  |  |  |  |  |  |  |  |  |  |
Effect of unvested restricted stock |  |  |  |  |  | — |  |  | — |  |  | 20 |  |
Effect of unvested performance stock units |  |  |  |  |  | — |  |  | — |  |  | 9 |  |
Effect of assumed conversion of operating partnership units |  |  |  |  |  | 416 |  |  | 288 |  |  | — |  |
Effect of assumed issuance of shares for term loan exit fee |  |  |  |  |  | 1,745 |  |  | 1,745 |  |  | 1,672 |  |
Effect of assumed conversion of preferred stock - Series J |  |  |  |  |  | 16,933 |  |  | 33 |  |  | — |  |
Effect of assumed conversion of preferred stock - Series K |  |  |  |  |  | 934 |  |  | 1 |  |  | — |  |
Total |  |  |  |  |  | 20,028 |  |  | 2,067 |  |  | 1,701 |  |

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