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Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2024
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):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Net income (loss) attributable to common stockholders - basic and diluted:
Net income (loss) attributable to the Company$12,596 $(22,030)$16,960 $(7,842)
Less: dividends on preferred stock(9,857)(10,582)(30,593)(31,809)
Less: deemed dividends on preferred stock(4,151)(516)(6,175)(3,271)
Less: dividends on common stock(3,326)(3,291)(9,977)(9,871)
Less: dividends on unvested performance stock units(22)(36)(63)(108)
Less: dividends on unvested restricted shares— (8)— (25)
Undistributed net income (loss) allocated to common stockholders(4,760)(36,463)(29,848)(52,926)
Add back: dividends on common stock3,326 3,291 9,977 9,871 
Distributed and undistributed net income (loss) - basic and diluted
$(1,434)$(33,172)$(19,871)$(43,055)
Weighted average common shares outstanding:
Weighted average common shares outstanding – basic and diluted
66,522 65,825 66,493 68,010 
Income (loss) per share - basic and diluted:
Net income (loss) allocated to common stockholders per share$(0.02)$(0.50)$(0.30)$(0.63)
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,
2024202320242023
Net income (loss) allocated to common stockholders is not adjusted for:
Income (loss) allocated to unvested restricted shares$— $8 $— $25 
Income (loss) allocated to unvested performance stock units22 36 64 108 
Income (loss) attributable to redeemable noncontrolling interests in operating partnership(124)(2,354)(1,747)(3,018)
Dividends on preferred stock - Series B1,059 1,058 3,175 3,174 
Interest expense on Convertible Senior Notes1,127 1,118 3,374 3,349 
Dividends on preferred stock - Series E (inclusive of deemed dividends)11,288 7,959 28,285 25,851 
Dividends on preferred stock - Series M (inclusive of deemed dividends)836 1,256 2,833 3,580 
Total$14,208 $9,081 $35,984 $33,069 
Weighted average diluted shares are not adjusted for:
Effect of unvested performance stock units50 398 34 364 
Effect of assumed conversion of operating partnership units6,558 5,258 6,275 5,470 
Effect of assumed conversion of preferred stock - Series B4,116 4,116 4,116 4,116 
Effect of assumed conversion of Convertible Senior Notes15,706 13,609 14,927 13,609 
Effect of assumed conversion of preferred stock - Series E117,946 145,416 160,729 116,124 
Effect of assumed conversion of preferred stock - Series M12,241 16,979 17,226 13,623 
Total156,617 185,776 203,307 153,306