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Income (Loss) Per Share
 12 Months Ended
Dec. 31, 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):
Year Ended December 31,
202420232022
Net income (loss) attributable to common stockholders - basic and diluted:
Net income (loss) attributable to the Company$(1,693)$(27,017)$17,761 
Less: dividends on preferred stock(40,295)(42,304)(21,503)
Less: deemed dividends on preferred stock(8,958)(4,719)(6,954)
Less: dividends on common stock(13,302)(13,164)(5,598)
Less: dividends on unvested performance stock units(99)(226)(36)
Add: claw back of dividends on cancelled performance stock units— — 7 
Less: dividends on unvested restricted shares— (33)(38)
Undistributed net income (loss) allocated to common stockholders(64,347)(87,463)(16,361)
Add back: dividends on common stock13,302 13,164 5,598 
Distributed and undistributed net income (loss) - basic and diluted
$(51,045)$(74,299)$(10,763)
Weighted average common shares outstanding:
Weighted average common shares outstanding – basic and diluted
66,500 65,989 69,687 
Income (loss) per share - basic and diluted:
Net income (loss) allocated to common stockholders per share$(0.77)$(1.13)$(0.15)
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):
Year Ended December 31,
202420232022
Net income (loss) allocated to common stockholders is not adjusted for:
Income (loss) allocated to unvested restricted shares$— $33 $38 
Income (loss) allocated to unvested performance stock units99 226 30 
Income (loss) attributable to redeemable noncontrolling interests in operating partnership(4,472)(5,230)(476)
Dividends on preferred stock - Series B4,233 4,233 4,233 
Interest expense on Convertible Senior Notes4,503 4,470 4,435 
Dividends on preferred stock - Series E (inclusive of deemed dividends)38,089 34,817 18,969 
Dividends on preferred stock - Series M (inclusive of deemed dividends)3,631 4,673 1,955 
Total$46,083 $43,222 $29,184 
Weighted average diluted shares are not adjusted for:
Effect of unvested restricted shares— 3 39 
Effect of unvested performance stock units25 273 — 
Effect of assumed conversion of operating partnership units6,421 5,487 5,907 
Effect of assumed conversion of preferred stock - Series B4,116 4,116 4,116 
Effect of contingently issuable shares— — 1 
Effect of assumed conversion of Convertible Senior Notes15,184 13,609 13,609 
Effect of assumed conversion of preferred stock - Series E150,154 126,832 34,730 
Effect of assumed conversion of preferred stock - Series M15,961 14,740 3,366 
Total191,861 165,060 61,768