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Redeemable Preferred Stock (Tables)
 3 Months Ended
Mar. 31, 2024
Temporary Equity [Abstract]  
Summary of the Activity of Temporary Equity
The issuance activity of the Series J Preferred Stock is summarized below (in thousands):
Three Months Ended March 31,
20242023
Series J Preferred Stock shares issued (1)
864 415 
Net proceeds$19,444 $9,326 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series J Preferred Stock is summarized below (in thousands):
March 31, 2024December 31, 2023
Series J Preferred Stock$100,192 $79,975 
Cumulative adjustments to Series J Preferred Stock (1)
4,128 3,473 
________
(1)Reflects the excess of the redemption value over the accumulated carrying value.
The following table summarizes dividends declared (in thousands):
Three Months Ended March 31,
20242023
Series J Preferred Stock$2,012 $133 
The issuance activity of the Series K Preferred Stock is summarized below (in thousands):
Three Months Ended March 31,
20242023
Series K Preferred Stock shares issued (1)
69 32 
Net proceeds$1,676 $787 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series K Preferred Stock is summarized below (in thousands):
March 31, 2024December 31, 2023
Series K Preferred Stock$6,434 $4,783 
Cumulative adjustments to Series K Preferred Stock (1)
173 146 
________
(1)Reflects the excess of the redemption value over the accumulated carrying value.
The following table summarizes dividends declared (in thousands):
Three Months Ended March 31,
20242023
Series K Preferred Stock$120 $7 
The following table summarizes Series K Preferred Stock redemptions settled by the issuance of common stock (in thousands):
Three Months Ended March 31,
2024
Series K Preferred Stock shares redeemed
1 
Redemption amount, net of redemption fees$32 
Common shares issued upon redemption
23