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Redeemable Preferred Stock (Tables)
 9 Months Ended
Sep. 30, 2024
Temporary Equity Disclosure [Abstract]  
Summary of the Activity of Temporary Equity
The following table summarizes dividends declared (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Series B Convertible Preferred Stock$1,059 $1,058 $3,175 $3,174 
The issuance activity of the Series E Preferred Stock is summarized below (in thousands):
Three Months Ended September 30,Nine Months Ended September 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):
September 30, 2024December 31, 2023
Series E Preferred Stock$355,178 $377,035 
Cumulative adjustments to Series E Preferred Stock (1)
$19,315 $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 September 30,Nine Months Ended September 30,
2024202320242023
Series E Preferred Stock$7,137 $7,710 $22,307 $23,230 
The issuance activity of Series M Preferred Stock is summarized below (in thousands):
Three Months Ended September 30,Nine Months Ended September 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):
September 30, 2024December 31, 2023
Series M Preferred Stock$39,907 $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 September 30,Nine Months Ended September 30,
2024202320242023
Series M Preferred Stock$836 $989 $2,636 $2,930 
Preferred Stock Redemption Activities
The redemption activities of Series E Preferred Stock is summarized below (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Series E Preferred Stock shares redeemed1,036 111 1,275 143 
Redemption amount, net of redemption fees$24,629 $2,589 $30,281 $3,378 
The redemption activities of Series M Preferred Stock is summarized below (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Series M Preferred Stock shares redeemed28 51 241 56 
Redemption amount, net of redemption fees$696 $1,268 $6,018 $1,383