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Redeemable Preferred Stock (Tables)
 6 Months Ended
Jun. 30, 2025
Temporary Equity [Abstract]  
Schedule of the Activity of Temporary Equity
The issuance activity of the Series J Preferred Stock is summarized below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Series J Preferred Stock shares issued (1)
— 853 883 1,717 
Net proceeds$— $19,185 $19,877 $38,629 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series J Preferred Stock is summarized below (in thousands):
June 30, 2025December 31, 2024
Series J Preferred Stock$178,571 $156,671 
Cumulative adjustments to Series J Preferred Stock (1)
7,963 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 June 30,Six Months Ended June 30,
2025202420252024
Series J Preferred Stock$3,846 $2,461 $7,508 $4,473 
The following table summarizes Series J Preferred Stock redemptions settled in common stock (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Series J Preferred Stock shares redeemed
18 18 59 18 
Redemption amount, net of redemption fees$410 $426 $1,380 $426 
Common shares issued upon redemption
68 37 194 37 
The issuance activity of the Series K Preferred Stock is summarized below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Series K Preferred Stock shares issued (1)
— 101 166 170 
Net proceeds$— $2,456 $4,036 $4,132 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series K Preferred Stock is summarized below (in thousands):
June 30, 2025December 31, 2024
Series K Preferred Stock$18,523 $14,869 
Cumulative adjustments to Series K Preferred Stock (1)
644 487 
________
(1)Reflects the excess of the redemption value over the accumulated carrying value.
The following table summarizes dividends declared (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Series K Preferred Stock$388 $170 $740 $290 
The following table summarizes Series K Preferred Stock redemptions settled by the issuance of common stock (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Series K Preferred Stock shares redeemed
12 5 21 6
Redemption amount, net of redemption fees$307 $137 $531 $169 
Common shares issued upon redemption
50 12 79 14
The issuance activity of the Series L Preferred Stock is summarized below (in thousands):
Three and Six Months Ended June 30,
2025
Series L Preferred Stock shares issued (1)
112 
Net proceeds$2,320 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series L Preferred Stock is summarized below (in thousands):
June 30, 2025
Series L Preferred Stock
$2,580 
Cumulative adjustments to Series L Preferred Stock (1)
638 
________
(1)Reflects the excess of the redemption value over the accumulated carrying value.
The following table summarizes dividends declared (in thousands):
Three and Six Months Ended June 30,
2025
Series L Preferred Stock
$30 
The issuance activity of the Series M Preferred Stock is summarized below (in thousands):
Three and Six Months Ended June 30,
2025
Series M Preferred Stock shares issued (1)
145 
Net proceeds$3,240 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series M Preferred Stock is summarized below (in thousands):
June 30, 2025
Series M Preferred Stock
$3,576 
Cumulative adjustments to Series M Preferred Stock (1)
866 
________
(1)Reflects the excess of the redemption value over the accumulated carrying value.
The following table summarizes dividends declared (in thousands):
Three and Six Months Ended June 30,
2025
Series M Preferred Stock
$40