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Preferred Stock (Tables)
6 Months Ended
Jun. 30, 2022
Temporary Equity Disclosure [Abstract]  
Summary of the Activity of Temporary Equity
The following table summarizes dividends declared (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Series B Convertible Preferred Stock$1,058 $1,068 $2,116 $2,631 
The issuance activity of the Series E Preferred Stock is summarized below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
20222022
Series E Preferred Stock shares issued (1)
1,312 2,789 
Net proceeds$29,518 $62,754 
__________________
(1)Exclusive of shares issued under the dividend reinvestment plan.
The redemption value adjustment of Series E Preferred Stock is summarized below (in thousands):
June 30, 2022December 31, 2021
Series E Preferred Stock$103,697 $39,339 
Adjustments to Series E Preferred Stock (1)
$5,051 $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 June 30,Six Months Ended June 30,
20222022
Series E Preferred Stock$2,053 $3,452 
The issuance activity of Series M Preferred Stock is summarized below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
20222022
Series M Preferred Stock shares issued (1)
334 367 
Net proceeds$8,087 $8,897 
__________________
(1)Exclusive of shares issued under the dividend reinvestment plan.
The redemption value adjustment of Series M Preferred stock is summarized below (in thousands):
June 30, 2022December 31, 2021
Series M Preferred Stock$9,750 $715 
Adjustments to Series M Preferred Stock (1)
$363 $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 June 30,Six Months Ended June 30,
20222022
Series M Preferred Stock$128 $149 
Summary of Series B Cumulative Convertible Preferred Stock Activity The table below summarizes the activity (in thousands):
Three Months Ended June 30, 2021Six Months Ended June 30, 2021
Preferred Shares TenderedCommon Shares IssuedPreferred Shares TenderedCommon Shares Issued
 Series B Convertible Preferred Stock
1,437 5,636 1,923 7,171