v3.26.1
Redeemable Preferred Stock (Tables)
 3 Months Ended
Mar. 31, 2026
Temporary Equity [Abstract]  
Schedule of the Activity of Temporary Equity
The following table summarizes dividends declared (in thousands):
Three Months Ended March 31,
20262025
Series J Preferred Stock$— $3,662 
The table below presents the accumulated but unpaid dividends in arrears (in thousands):
March 31, 2026
Series J Preferred Stock ($0.50/share)
$3,842 
The issuance activity of the Series J Preferred Stock is summarized below (in thousands):
Three Months Ended March 31,
20262025
Series J Preferred Stock shares issued (1)
— 883 
Net proceeds$— $19,877 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series J Preferred Stock is summarized below (in thousands):
March 31, 2026December 31, 2025
Series J Preferred Stock$183,655 $179,818 
Cumulative adjustments to Series J Preferred Stock (1)
13,311 9,469 
________
(1)Reflects the excess of the redemption value over the accumulated carrying value.
The following table summarizes Series J Preferred Stock redemptions settled in common stock (in thousands):
Three Months Ended March 31,
20262025
Series J Preferred Stock shares redeemed
— 41 
Redemption amount, net of redemption fees$— $970 
Common shares issued upon redemption
— 126 
The following table summarizes dividends declared (in thousands):
Three Months Ended March 31,
20262025
Series K Preferred Stock$— $352 
The table below presents the accumulated but unpaid dividends in arrears (in thousands):
March 31, 2026
Series K Preferred Stock ($0.52/share)
$381 
The issuance activity of the Series K Preferred Stock is summarized below (in thousands):
Three Months Ended March 31,
20262025
Series K Preferred Stock shares issued (1)
— 166 
Net proceeds$— $4,036 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series K Preferred Stock is summarized below (in thousands):
March 31, 2026December 31, 2025
Series K Preferred Stock$18,591 $18,215 
Cumulative adjustments to Series K Preferred Stock (1)
1,122 741 
________
(1)Reflects the excess of the redemption value over the accumulated carrying value.
The following table summarizes Series K Preferred Stock redemptions settled by the issuance of common stock (in thousands):
Three Months Ended March 31,
20262025
Series K Preferred Stock shares redeemed
— 9 
Redemption amount, net of redemption fees$— $224 
Common shares issued upon redemption
— 28 
The table below presents the accumulated but unpaid dividends in arrears (in thousands):
March 31, 2026
Series L Preferred Stock ($0.47/share)
$112 
The redemption value adjustment of Series L Preferred Stock is summarized below (in thousands):
March 31, 2026December 31, 2025
Series L Preferred Stock
$5,547 $5,484 
Cumulative adjustments to Series L Preferred Stock (1)
1,175 1,064 
________
(1)Reflects the excess of the redemption value over the accumulated carrying value.
The table below presents the accumulated but unpaid dividends in arrears (in thousands):
March 31, 2026
Series M Preferred Stock ($0.48/share)
$265 
The redemption value adjustment of Series M Preferred Stock is summarized below (in thousands):
March 31, 2026December 31, 2025
Series M Preferred Stock
$13,831 $13,566 
Cumulative adjustments to Series M Preferred Stock (1)
2,465 2,200 
________
(1)Reflects the excess of the redemption value over the accumulated carrying value.