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Income (Loss) Per Share (Tables)
 9 Months Ended
Sep. 30, 2024
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,
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)
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,
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