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Redeemable Preferred Stock (Tables)
 9 Months Ended
Sep. 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 September 30,Nine Months Ended September 30,
2025202420252024
Series J Preferred Stock shares issued (1)
— 980 883 2,697 
Net proceeds$— $22,045 $19,877 $60,674 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series J Preferred Stock is summarized below (in thousands):
September 30, 2025December 31, 2024
Series J Preferred Stock$178,743 $156,671 
Cumulative adjustments to Series J Preferred Stock (1)
8,716 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 September 30,Nine Months Ended September 30,
2025202420252024
Series J Preferred Stock$3,833 $2,947 $11,341 $7,420 
The following table summarizes Series J Preferred Stock redemptions settled in common stock (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Series J Preferred Stock shares redeemed
67 52 126 70 
Redemption amount, net of redemption fees$1,566 $1,184 $2,946 $1,610 
Common shares issued upon redemption
245 138 439 175 
The issuance activity of the Series K Preferred Stock is summarized below (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Series K Preferred Stock shares issued (1)
— 174 166 344 
Net proceeds$— $4,206 $4,036 $8,338 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series K Preferred Stock is summarized below (in thousands):
September 30, 2025December 31, 2024
Series K Preferred Stock$18,348 $14,869 
Cumulative adjustments to Series K Preferred Stock (1)
706 487 
________
(1)Reflects the excess of the redemption value over the accumulated carrying value.
The following table summarizes dividends declared (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Series K Preferred Stock$383 $236 $1,123 $526 
The following table summarizes Series K Preferred Stock redemptions settled by the issuance of common stock (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Series K Preferred Stock shares redeemed
10 6 31 12
Redemption amount, net of redemption fees$249 $122 $780 $291 
Common shares issued upon redemption
40 14 119 28
The issuance activity of the Series L Preferred Stock is summarized below (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
20252025
Series L Preferred Stock shares issued (1)
84 196 
Net proceeds$1,732 $4,052 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series L Preferred Stock is summarized below (in thousands):
September 30, 2025
Series L Preferred Stock
$4,463 
Cumulative adjustments to Series L Preferred Stock (1)
833 
________
(1)Reflects the excess of the redemption value over the accumulated carrying value.
The following table summarizes dividends declared (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
20252025
Series L Preferred Stock
$78 $108 
The issuance activity of the Series M Preferred Stock is summarized below (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
20252025
Series M Preferred Stock shares issued (1)
288 434 
Net proceeds$6,434 $9,674 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series M Preferred Stock is summarized below (in thousands):
September 30, 2025
Series M Preferred Stock
$10,501 
Cumulative adjustments to Series M Preferred Stock (1)
1,534 
________
(1)Reflects the excess of the redemption value over the accumulated carrying value.
The following table summarizes dividends declared (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
20252025
Series M Preferred Stock
$167 $207