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Income (Loss) Per Share (Tables)
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Summary of Amounts Used in Calculating Basic and Diluted Earnings (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):
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Net income (loss) attributable to common stockholders - basic and diluted:
Net income (loss) attributable to the Company$(22,030)$(8,040)$(7,842)$20,989 
Less: dividends on preferred stock(10,582)(6,028)(31,809)(13,395)
Less: deemed dividends on preferred stock(516)(2,649)(3,271)(4,802)
Less: dividends on common stock(3,291)(710)(9,871)(2,124)
Less: dividends on unvested performance stock units(36)(5)(108)(19)
Less: dividends on unvested restricted shares(8)(4)(25)(16)
Less: net (income) loss allocated to performance stock units— — — (43)
Less: net (income) loss allocated to unvested restricted shares— — — (49)
Undistributed net income (loss) allocated to common stockholders(36,463)(17,436)(52,926)541 
Add back: dividends on common stock3,291 710 9,871 2,124 
Distributed and undistributed net income (loss) - basic and diluted
$(33,172)$(16,726)$(43,055)$2,665 
Weighted average common shares outstanding:
Weighted average common shares outstanding – basic 65,825 70,956 68,010 69,213 
Effect of assumed exercise of warrants— — — 1 
Weighted average common shares outstanding – diluted65,825 70,956 68,010 69,214 
Income (loss) per share - basic:
Net income (loss) allocated to common stockholders per share$(0.50)$(0.24)$(0.63)$0.04 
Income (loss) per share - diluted:
Net income (loss) allocated to common stockholders per share$(0.50)$(0.24)$(0.63)$0.04 
Summary of Computation of Diluted Income Per Share
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):
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Net income (loss) allocated to common stockholders is not adjusted for:
Income (loss) allocated to unvested restricted shares$8 $4 $25 $65 
Income (loss) allocated to unvested performance stock units36 5 108 62 
Income (loss) attributable to redeemable noncontrolling interests in operating partnership(2,354)(1,166)(3,018)647 
Dividends on preferred stock - Series B1,058 1,059 3,174 3,175 
Interest expense on Convertible Senior Notes1,118 1,111 3,349 3,322 
Dividends on preferred stock - Series E (inclusive of deemed dividends)7,959 6,059 25,851 11,434 
Dividends on preferred stock - Series M (inclusive of deemed dividends)1,256 734 3,580 1,113 
Total$9,081 $7,806 $33,069 $19,818 
Weighted average diluted shares are not adjusted for:
Effect of unvested restricted shares— 47 — 33 
Effect of unvested performance stock units398 — 364 — 
Effect of assumed conversion of operating partnership units5,258 5,956 5,470 5,893 
Effect of assumed conversion of preferred stock - Series B4,116 4,116 4,116 4,116 
Effect of assumed conversion of Convertible Senior Notes13,609 13,609 13,609 13,609 
Effect of assumed conversion of preferred stock - Series E145,416 41,008 116,124 24,491 
Effect of assumed conversion of preferred stock - Series M16,979 4,563 13,623 1,941 
Total185,776 69,299 153,306 50,083