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Income (Loss) Per Share (Tables)
9 Months Ended
Sep. 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 September 30,Nine Months Ended September 30,
2025202420252024
Net income (loss) attributable to common stockholders - basic and diluted:
Net income (loss) attributable to the Company$5,742 $12,596 $11,273 $16,960 
Less: dividends on preferred stock(8,667)(9,857)(26,928)(30,593)
Less: deemed dividends on preferred stock(5,251)(4,151)(11,086)(6,175)
Less: dividends on common stock(3,410)(3,326)(10,174)(9,977)
Less: dividends on unvested performance stock units(20)(22)(58)(63)
Undistributed net income (loss) allocated to common stockholders(11,606)(4,760)(36,973)(29,848)
Add back: dividends on common stock3,410 3,326 10,174 9,977 
Distributed and undistributed net income (loss) - basic and diluted
$(8,196)$(1,434)$(26,799)$(19,871)
Weighted average common shares outstanding:
Weighted average common shares outstanding – basic and diluted
68,219 66,522 67,419 66,493 
Income (loss) per share - basic and diluted:
Net income (loss) allocated to common stockholders per share$(0.12)$(0.02)$(0.40)$(0.30)
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 September 30,Nine Months Ended September 30,
2025202420252024
Net income (loss) allocated to common stockholders is not adjusted for:
Income (loss) allocated to unvested performance stock units20 22 $58 $64 
Income (loss) attributable to redeemable noncontrolling interests in operating partnership(607)(124)(2,358)(1,747)
Dividends on preferred stock - Series B1,058 1,059 3,174 3,175 
Interest expense on Convertible Senior Notes1,135 1,127 3,399 3,374 
Dividends on preferred stock - Series E (inclusive of deemed dividends)11,292 11,288 30,097 28,285 
Dividends on preferred stock - Series M (inclusive of deemed dividends)743 836 2,268 2,833 
Total$13,641 $14,208 $36,638 $35,984 
Weighted average diluted shares are not adjusted for:
Effect of unvested performance stock units63 50 77 34 
Effect of assumed conversion of operating partnership units5,092 6,558 6,057 6,275 
Effect of assumed conversion of preferred stock - Series B4,116 4,116 4,116 4,116 
Effect of assumed conversion of Convertible Senior Notes16,889 15,706 16,581 14,927 
Effect of assumed conversion of preferred stock - Series E116,179 117,946 126,870 160,729 
Effect of assumed conversion of preferred stock - Series M12,633 12,241 13,417 17,226 
Total154,972 156,617 167,118 203,307