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Income (Loss) Per Share (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Schedule of Amounts Used in Calculating Basic and Diluted 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):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024 |  |
Net income (loss) attributable to common stockholders - basic and diluted: |  |  |  |  |  |  |  |  |
Net income (loss) attributable to the Company | $ | (5,467) |  |  | $ | (11,565) |  |  | $ | 5,531 |  |  | $ | 4,364 |  |  |
Less: dividends on preferred stock | (8,992) |  |  | (10,329) |  |  | (18,261) |  |  | (20,736) |  |  |
Less: deemed dividends on preferred stock | (1,559) |  |  | (26) |  |  | (5,835) |  |  | (2,024) |  |  |
Less: dividends on common stock | (3,411) |  |  | (3,326) |  |  | (6,764) |  |  | (6,650) |  |  |
Less: dividends on unvested performance stock units | (19) |  |  | (21) |  |  | (38) |  |  | (42) |  |  |
Undistributed net income (loss) allocated to common stockholders | (19,448) |  |  | (25,267) |  |  | (25,367) |  |  | (25,088) |  |  |
Add back: dividends on common stock | 3,411 |  |  | 3,326 |  |  | 6,764 |  |  | 6,650 |  |  |
Distributed and undistributed net income (loss) - basic and diluted | $ | (16,037) |  |  | $ | (21,941) |  |  | $ | (18,603) |  |  | $ | (18,438) |  |  |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding – basic and diluted | 67,279 |  |  | 66,501 |  |  | 67,013 |  |  | 66,478 |  |  |
Income (loss) per share - basic and diluted: |  |  |  |  |  |  |  |  |
Net income (loss) allocated to common stockholders per share | $ | (0.24) |  |  | $ | (0.33) |  |  | $ | (0.28) |  |  | $ | (0.28) |  |  |
Schedule of Computation of Diluted Income (Loss) 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 June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024 |  |
Net income (loss) allocated to common stockholders is not adjusted for: |  |  |  |  |  |  |  |  |
Income (loss) allocated to unvested performance stock units | 19 |  |  | 21 |  |  | $ | 38 |  |  | $ | 42 |  |  |
Income (loss) attributable to redeemable noncontrolling interests in operating partnership | (1,489) |  |  | (1,919) |  |  | (1,751) |  |  | (1,623) |  |  |
Dividends on preferred stock - Series B | 1,058 |  |  | 1,058 |  |  | 2,116 |  |  | 2,116 |  |  |
Interest expense on Convertible Senior Notes | 1,133 |  |  | 1,124 |  |  | 2,264 |  |  | 2,247 |  |  |
Dividends on preferred stock - Series E (inclusive of deemed dividends) | 7,913 |  |  | 7,596 |  |  | 18,805 |  |  | 16,997 |  |  |
Dividends on preferred stock - Series M (inclusive of deemed dividends) | 755 |  |  | 876 |  |  | 1,525 |  |  | 1,997 |  |  |
Total | $ | 9,389 |  |  | $ | 8,756 |  |  | $ | 22,997 |  |  | $ | 21,776 |  |  |
Weighted average diluted shares are not adjusted for: |  |  |  |  |  |  |  |  |
Effect of unvested performance stock units | 37 |  |  | 39 |  |  | 40 |  |  | 26 |  |  |
Effect of assumed conversion of operating partnership units | 6,255 |  |  | 6,364 |  |  | 6,521 |  |  | 6,133 |  |  |
Effect of assumed conversion of preferred stock - Series B | 4,116 |  |  | 4,116 |  |  | 4,116 |  |  | 4,116 |  |  |
Effect of assumed conversion of Convertible Senior Notes | 16,586 |  |  | 15,464 |  |  | 16,427 |  |  | 14,537 |  |  |
Effect of assumed conversion of preferred stock - Series E | 130,997 |  |  | 162,180 |  |  | 133,333 |  |  | 182,121 |  |  |
Effect of assumed conversion of preferred stock - Series M | 13,858 |  |  | 17,098 |  |  | 13,909 |  |  | 19,719 |  |  |
Total | 171,849 |  |  | 205,261 |  |  | 174,346 |  |  | 226,652 |  |  |

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