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Income (Loss) Per Share
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Income (Loss) Per Share Income (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):
Year Ended December 31,
202220212020
Net income (loss) attributable to common stockholders - basic and diluted:
Net income (loss) attributable to the Company$17,761 $(26,664)$(105,262)
Less: Dividends on preferred stock(21,503)(8,745)(10,219)
Less: Deemed dividends on preferred stock(6,954)— — 
Less: Dividends on common stock(5,598)— — 
Less: Loss on extinguishment of preferred stock - Series B— (4,595)— 
Less: Dividends on unvested performance stock units(36)— — 
Add: Claw back of dividends on cancelled performance stock units143 202 
Less: Dividends on unvested restricted shares(38)— — 
Undistributed net income (loss) allocated to common stockholders$(16,361)$(39,861)(115,279)
Add back: Dividends on common stock5,598 — — 
Distributed and undistributed net income (loss) - basic and diluted$(10,763)$(39,861)$(115,279)
Weighted average common shares outstanding:
Weighted average common shares outstanding – basic and diluted69,687 52,684 33,998 
Income (loss) per share - basic:
Net income (loss) allocated to common stockholders per share$(0.15)$(0.76)$(3.39)
Income (loss) per share - diluted:
Net income (loss) allocated to common stockholders per share$(0.15)$(0.76)$(3.39)
Due to their anti-dilutive effect, the computation of diluted income (loss) per share does not reflect the adjustments for the following items (in thousands):
Year Ended December 31,
202220212020
Net income (loss) allocated to common stockholders is not adjusted for:
Income (loss) allocated to unvested restricted shares$38 $— $— 
Income (loss) allocated to unvested performance stock units30 — — 
Income (loss) attributable to redeemable noncontrolling interests in operating partnership(476)(3,597)(12,979)
Dividends on preferred stock - Series B4,233 4,747 6,919 
Loss on extinguishment of preferred stock - Series B— 4,595 — 
Interest expense on Convertible Senior Notes4,435 3,378 — 
Dividends on preferred stock - Series E (inclusive of deemed dividends)18,969 683 — 
Dividends on preferred stock - Series M (inclusive of deemed dividends)1,955 15 — 
Total$29,184 $9,821 $(6,060)
Weighted average diluted shares are not adjusted for:
Effect of unvested restricted shares39 99 22 
Effect of unvested performance stock units— — — 
Effect of assumed conversion of operating partnership units5,907 4,980 3,923 
Effect of assumed conversion of preferred stock - Series B4,116 4,614 6,728 
Effect of assumed conversion of exchanged preferred stock - Series B— 364 — 
Effect of contingently issuable shares— — 
Effect of assumed conversion of Convertible Senior Notes13,609 8,450 — 
Effect of assumed conversion of preferred stock - Series E34,730 1,345 — 
Effect of assumed conversion of preferred stock - Series M3,366 32 — 
Total61,768 19,884 10,673