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Redeemable Preferred Stock (Tables)
 3 Months Ended
Mar. 31, 2025
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,
20252024
Series J Preferred Stock shares issued (1)
883 864 
Net proceeds$19,877 $19,444 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series J Preferred Stock is summarized below (in thousands):
March 31, 2025December 31, 2024
Series J Preferred Stock$177,247 $156,671 
Cumulative adjustments to Series J Preferred Stock (1)
6,975 6,038 
________
(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,
20252024
Series J Preferred Stock$3,662 $2,012 
The following table summarizes Series J Preferred Stock redemptions settled in common stock (in thousands):
Three Months Ended March 31,
20252024
Series J Preferred Stock shares redeemed
41 — 
Redemption amount, net of redemption fees$970 $— 
Common shares issued upon redemption
126 — 
The issuance activity of the Series K Preferred Stock is summarized below (in thousands):
Three Months Ended March 31,
20252024
Series K Preferred Stock shares issued (1)
166 69 
Net proceeds$4,036 $1,676 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series K Preferred Stock is summarized below (in thousands):
March 31, 2025December 31, 2024
Series K Preferred Stock$18,779 $14,869 
Cumulative adjustments to Series K Preferred Stock (1)
606 487 
________
(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,
20252024
Series K Preferred Stock$352 $120 
The following table summarizes Series K Preferred Stock redemptions settled by the issuance of common stock (in thousands):
Three Months Ended March 31,
20252024
Series K Preferred Stock shares redeemed
9 1
Redemption amount, net of redemption fees$224 $32 
Common shares issued upon redemption
28 2