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Redeemable Preferred Stock (Tables)
 3 Months Ended
Mar. 31, 2024
Temporary Equity Disclosure [Abstract]  
Summary of the Activity of Temporary Equity
The following table summarizes dividends declared (in thousands):
Three Months Ended March 31,
20242023
Series B Convertible Preferred Stock$1,058 $1,058 
The issuance activity of the Series E Preferred Stock is summarized below (in thousands):
Three Months Ended March 31,
20242023
Series E Preferred Stock shares issued (1)
— 3,798 
Net proceeds (1)
$— $85,444 
__________________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series E Preferred Stock is summarized below (in thousands):
March 31, 2024December 31, 2023
Series E Preferred Stock$375,261 $377,035 
Cumulative adjustments to Series E Preferred Stock (1)
$15,138 $13,337 
________
(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,
20242023
Series E Preferred Stock$7,600 $7,534 
The issuance activity of Series M Preferred Stock is summarized below (in thousands):
Three Months Ended March 31,
20242023
Series M Preferred Stock shares issued (1)
— 531 
Net proceeds (1)
$— $12,869 
__________________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series M Preferred stock is summarized below (in thousands):
March 31, 2024December 31, 2023
Series M Preferred Stock$43,694 $45,623 
Cumulative adjustments to Series M Preferred Stock (1)
$1,794 $1,597 
__________________
(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,
20242023
Series M Preferred Stock$924 $932 
Preferred Stock Redemption Activities
The redemption activities of Series E Preferred Stock is summarized below (in thousands):
Three Months Ended March 31,
20242023
Series E Preferred Stock shares redeemed186 11 
Redemption amount, net of redemption fees$4,403 $282 
The redemption activities of Series M Preferred Stock is summarized below (in thousands):
Three Months Ended March 31,
20242023
Series M Preferred Stock shares redeemed87 1 
Redemption amount, net of redemption fees$2,163 $25