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Income (Loss) Per Share (Tables)
 12 Months Ended
Dec. 31, 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):
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)
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):
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