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Redeemable Preferred Stock (Tables)
 6 Months Ended
Jun. 30, 2024
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,
2024202320242023
Series B Convertible Preferred Stock$1,058 $1,058 $2,116 $2,116 
The issuance activity of the Series E Preferred Stock is summarized below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
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):
June 30, 2024December 31, 2023
Series E Preferred Stock$374,847 $377,035 
Cumulative adjustments to Series E Preferred Stock (1)
$15,164 $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 June 30,Six Months Ended June 30,
2024202320242023
Series E Preferred Stock$7,570 $7,986 $15,170 $15,520 
The issuance activity of Series M Preferred Stock is summarized below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
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):
June 30, 2024December 31, 2023
Series M Preferred Stock$40,569 $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 June 30,Six Months Ended June 30,
2024202320242023
Series M Preferred Stock$876 $1,008 $1,800 $1,941 
Preferred Stock Redemption Activities
The redemption activities of Series E Preferred Stock is summarized below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Series E Preferred Stock shares redeemed53 21 239 32 
Redemption amount, net of redemption fees$1,249 $507 $5,652 $789 
The redemption activities of Series M Preferred Stock is summarized below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Series M Preferred Stock shares redeemed126 4 213 5 
Redemption amount, net of redemption fees$3,159 $90 $5,322 $115