XML 73 R52.htm IDEA: XBRL DOCUMENT v3.25.0.1
Redeemable Preferred Stock (Tables)
 12 Months Ended
Dec. 31, 2024
Temporary Equity Disclosure [Abstract]  
Summary of the Activity of Temporary Equity
A summary of the activity of the units in our operating partnership is as follows (in thousands):
Year Ended December 31,
202420232022
Units outstanding at beginning of year7,224 8,283 7,158 
LTIP units issued151 44 44 
Performance LTIP units issued— 353 1,194 
Units redeemed for shares of common stock— (1,456)— 
Performance LTIP units cancelled(155)— (113)
Units outstanding at end of year7,220 7,224 8,283 
Units convertible/redeemable at end of year6,244 4,292 5,841 
The following table summarizes dividends declared (in thousands):
Year Ended December 31,
202420232022
Series B Convertible Preferred Stock$4,233 $4,233 $4,233 
The issuance activity of the Series E Preferred Stock is summarized below (in thousands):
Year Ended December 31,
202420232022
Series E Preferred Stock shares issued (1)
— 3,798 10,914 
Net proceeds (1)
$— $85,444 $245,575 
__________________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series E Preferred Stock is summarized below (in thousands):
December 31, 2024December 31, 2023
Series E Preferred Stock$352,502 $377,035 
Cumulative adjustments to Series E Preferred Stock (1)
$22,098 $13,337 
________
(1)    Reflects the excess of the redemption value over the accumulated carrying value.
The following table summarizes dividends declared (in thousands):
Year Ended December 31,
202420232022
Series E Preferred Stock$29,328 $30,883 $12,694 
The issuance activity of Series M Preferred Stock is summarized below (in thousands):
Year Ended December 31,
202420232022
Series M Preferred Stock shares issued (1)
— 531 1,402 
Net proceeds (1)
$— $12,869 $34,009 
__________________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series M Preferred stock is summarized below (in thousands):
December 31, 2024December 31, 2023
Series M Preferred Stock$36,916 $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):
Year Ended December 31,
202420232022
Series M Preferred Stock$3,434 $3,888 $1,276 
Preferred Stock Redemption Activities
The redemption activities of Series E Preferred Stock is summarized below (in thousands):
Year Ended December 31,
202420232022
Series E Preferred Stock shares redeemed1,535 272 14 
Redemption amount, net of redemption fees$36,554 $6,423 $365 
The redemption activities of Series M Preferred Stock is summarized below (in thousands):
Year Ended December 31,
202420232022
Series M Preferred Stock shares redeemed362 137 5 
Redemption amount, net of redemption fees$9,047 $3,395 $134