v3.26.1
Redeemable Preferred Stock (Tables)
 12 Months Ended
Dec. 31, 2025
Temporary Equity [Abstract]  
Schedule of the Activity of Temporary Equity
The issuance activity of the Series J Preferred Stock is summarized below (in thousands):
Year Ended December 31,
202520242023
Series J Preferred Stock shares issued (1)
883 3,329 3,371 
Net proceeds$19,877 $74,897 $75,837 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series J Preferred Stock is summarized below (in thousands):
December 31, 2025December 31, 2024
Series J Preferred Stock$179,818 $156,671 
Cumulative adjustments to Series J Preferred Stock (1)
9,469 6,038 
________
(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,
202520242023
Series J Preferred Stock$15,178 $10,711 $3,467 
The following table summarizes Series J Preferred Stock redemptions settled in cash (in thousands):
Year Ended December 31,
202520242023
Series J Preferred Stock shares redeemed
— — 3 
Redemption amount, net of redemption fees$— $— $78 
The following table summarizes Series J Preferred Stock redemptions settled in common stock (in thousands):
Year Ended December 31,
202520242023
Series J Preferred Stock shares redeemed
155 90 — 
Redemption amount, net of redemption fees$3,653 $2,098 $— 
Common shares issued upon redemption
586 235 — 
The issuance activity of the Series K Preferred Stock is summarized below (in thousands):
Year Ended December 31,
202520242023
Series K Preferred Stock shares issued (1)
166 438 192 
Net proceeds$4,036 $10,631 $4,664 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series K Preferred Stock is summarized below (in thousands):
December 31, 2025December 31, 2024
Series K Preferred Stock$18,215 $14,869 
Cumulative adjustments to Series K Preferred Stock (1)
741 487 
________
(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,
202520242023
Series K Preferred Stock$1,503 $828 $191 
The following table summarizes Series K Preferred Stock redemptions settled by the issuance of common stock (in thousands):
Year Ended December 31,
202520242023
Series K Preferred Stock shares redeemed
38 32— 
Redemption amount, net of redemption fees$959 $796 $— 
Common shares issued upon redemption
155 91— 
The issuance activity of the Series L Preferred Stock is summarized below (in thousands):
Year Ended December 31,
2025
Series L Preferred Stock shares issued (1)
243 
Net proceeds$5,027 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series L Preferred Stock is summarized below (in thousands):
December 31, 2025
Series L Preferred Stock
$5,484 
Cumulative adjustments to Series L Preferred Stock (1)
1,064 
________
(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,
2025
Series L Preferred Stock
$216 
The following table summarizes Series L Preferred Stock redemptions settled by the issuance of common stock (in thousands):
Year Ended December 31,
2025
Series L Preferred Stock shares redeemed
5 
Redemption amount, net of redemption fees$126 
Common shares issued upon redemption
39 
The issuance activity of the Series M Preferred Stock is summarized below (in thousands):
Year Ended December 31,
2025
Series M Preferred Stock shares issued (1)
565 
Net proceeds$12,605 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series M Preferred Stock is summarized below (in thousands):
December 31, 2025
Series M Preferred Stock
$13,566 
Cumulative adjustments to Series M Preferred Stock (1)
2,200 
________
(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,
2025
Series M Preferred Stock
$463 
The following table summarizes Series M Preferred Stock redemptions settled by the issuance of common stock (in thousands):
Year Ended December 31,
2025
Series M Preferred Stock shares redeemed
14 
Redemption amount, net of redemption fees$347 
Common shares issued upon redemption
64