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Preferred Stock (Tables)
3 Months Ended
Mar. 31, 2022
Temporary Equity Disclosure [Abstract]  
Summary of the Activity of Temporary Equity
The following table summarizes dividends declared (in thousands):
Three Months Ended March 31,
20222021
Series B Convertible Preferred Stock$1,058 $1,563 
The issuance activity of the Series E Preferred Stock is summarized below (in thousands):
Three Months Ended March 31,
2022
Series E Preferred Stock shares issued (1)
1,477 
Net proceeds$33,236 
__________________
(1)Exclusive of shares issued under the dividend reinvestment plan.
The redemption value adjustment of Series E Preferred Stock is summarized below (in thousands):
March 31, 2022December 31, 2021
Series E Preferred Stock$73,404 $39,339 
Adjustments to Series E Preferred Stock (1)
$972 $3,128 
________
(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,
2022
Series E Preferred Stock$1,399 
The issuance activity of Series M Preferred Stock is summarized below (in thousands):
Three Months Ended March 31,
2022
Series M Preferred Stock shares issued33 
Net proceeds$810 
The redemption value adjustment of Series M Preferred stock is summarized below (in thousands):
March 31, 2022December 31, 2021
Series M Preferred Stock$1,538 $715 
Adjustments to Series M Preferred Stock (1)
$21 $133 
________
(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,
2022
Series M Preferred Stock$21 
Summary of Series B Cumulative Convertible Preferred Stock Activity The table below summarizes the activity (in thousands):
Three Months Ended March 31, 2021
Preferred Shares TenderedCommon Shares Issued
 Series B Convertible Preferred Stock
4861,535