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Income (Loss) Per Share (Tables)
6 Months Ended
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,
2025202420252024
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 stock3,411 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,
2025202420252024
Net income (loss) allocated to common stockholders is not adjusted for:
Income (loss) allocated to unvested performance stock units19 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 B1,058 1,058 2,116 2,116 
Interest expense on Convertible Senior Notes1,133 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 units37 39 40 26 
Effect of assumed conversion of operating partnership units6,255 6,364 6,521 6,133 
Effect of assumed conversion of preferred stock - Series B4,116 4,116 4,116 4,116 
Effect of assumed conversion of Convertible Senior Notes16,586 15,464 16,427 14,537 
Effect of assumed conversion of preferred stock - Series E130,997 162,180 133,333 182,121 
Effect of assumed conversion of preferred stock - Series M13,858 17,098 13,909 19,719 
Total171,849 205,261 174,346 226,652