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Income (Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule 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):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Income (loss) allocated to common stockholders – basic and diluted:
Income (loss) attributable to the Company$(30,396)$50,254 $(50,367)$121,815 
Less: dividends on preferred stock(7,017)(5,468)(13,746)(10,479)
Less: deemed dividends on redeemable preferred stock(2,530)(669)(3,587)(1,351)
Add: gain (loss) on extinguishment of preferred stock
— 211 — 1,784 
Less: net (income) loss allocated to performance stock units
— (203)— (542)
Distributed and undistributed income (loss) allocated to common stockholders – basic
$(39,943)$44,125 $(67,700)$111,227 
Add back: dividends on preferred stock – Series J (inclusive of deemed dividends)
— 3,026 — 5,693 
Add back: dividends on preferred stock – Series K (inclusive of deemed dividends)
— 274 — 421 
Net income (loss) attributable to redeemable noncontrolling interests in operating partnership(631)— — — 
Distributed and undistributed income (loss) allocated to common stockholders – basic and diluted
$(40,574)$47,425 $(67,700)$117,341 
Weighted average common shares outstanding:
Weighted average shares outstanding – basic and diluted
5,804 4,324 5,728 4,085 
Effect of assumed conversion of preferred stock – Series J
— 13,709 — 10,557 
Effect of assumed conversion of preferred stock – Series K
— 903 — 663 
Effect of assumed conversion of operating partnership units
91 — — — 
Weighted average shares outstanding – diluted
5,895 18,936 5,728 15,305 
Basic income (loss) per share:
Net income (loss) allocated to common stockholders per share$(6.88)$10.20 $(11.82)$27.23 
Diluted income (loss) per share:
Net income (loss) allocated to common stockholders per share$(6.88)$2.50 $(11.82)$7.67 
Schedule of Computation of Diluted Income Per Share
Due to their anti-dilutive effect, the computation of diluted income (loss) per share does not reflect adjustments for the following items (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Income (loss) allocated to common stockholders is not adjusted for:
Income (loss) allocated to unvested performance stock units$— $203 $— $542 
Income (loss) attributable to redeemable noncontrolling interests in operating partnership— 565 (1,082)1,418 
Dividends on preferred stock – Series J (inclusive of deemed dividends)
4,834 — 9,434 — 
Dividends on preferred stock – Series K (inclusive of deemed dividends)
426 — 897 — 
Dividends on preferred stock – Series L (inclusive of deemed dividends)
668 — 668 — 
Dividends on preferred stock – Series M (inclusive of deemed dividends)
906 — 906 — 
Total$6,834 $768 $10,823 $1,960 
Weighted average diluted shares are not adjusted for:
Effect of unvested restricted stock11 — 14 — 
Effect of assumed conversion of operating partnership units— 55 92 53 
Effect of assumed conversion of preferred stock – Series J
31,926 — 28,392 — 
Effect of assumed conversion of preferred stock – Series K
3,128 — 2,688 — 
Effect of assumed conversion of preferred stock – Series L
201 — 101 — 
Effect of assumed conversion of preferred stock – Series M
246 — 123 — 
Total35,512 55 31,410 53