v3.26.1
Redeemable Preferred Stock (Tables)
 6 Months Ended
Jun. 30, 2026
Temporary Equity [Abstract]  
Schedule of the Activity of Temporary Equity
The following table summarizes dividends declared (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Series J Preferred Stock$— $3,846 $— $7,508 
The table below presents the accumulated but unpaid dividends in arrears (in thousands):
June 30, 2026
Series J Preferred Stock ($1.00/share)
$7,685 
The issuance activity of the Series J Preferred Stock is summarized below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Series J Preferred Stock shares issued (1)
— — — 883 
Net proceeds$— $— $— $19,877 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series J Preferred Stock is summarized below (in thousands):
June 30, 2026December 31, 2025
Series J Preferred Stock$187,498 $179,818 
Cumulative adjustments to Series J Preferred Stock (1)
17,153 9,469 
________
(1)Reflects the excess of the redemption value over the accumulated carrying value.
The following table summarizes Series J Preferred Stock redemptions settled in common stock (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Series J Preferred Stock shares redeemed
— 18 — 59 
Redemption amount, net of redemption fees$— $410 $— $1,380 
Common shares issued upon redemption
— 68 — 194 
The following table summarizes dividends declared (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Series K Preferred Stock$— $388 $— $740 
The table below presents the accumulated but unpaid dividends in arrears (in thousands):
June 30, 2026
Series K Preferred Stock ($1.04/share)
$762 
The issuance activity of the Series K Preferred Stock is summarized below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Series K Preferred Stock shares issued (1)
— — — 166 
Net proceeds$— $— $— $4,036 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series K Preferred Stock is summarized below (in thousands):
June 30, 2026December 31, 2025
Series K Preferred Stock$18,972 $18,215 
Cumulative adjustments to Series K Preferred Stock (1)
1,503 741 
________
(1)Reflects the excess of the redemption value over the accumulated carrying value.
The following table summarizes Series K Preferred Stock redemptions settled by the issuance of common stock (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Series K Preferred Stock shares redeemed
— 12 — 21 
Redemption amount, net of redemption fees$— $307 $— $531 
Common shares issued upon redemption
— 50 — 79 
The following table summarizes dividends declared (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Series L Preferred Stock$— $30 $— $30 
The table below presents the accumulated but unpaid dividends in arrears (in thousands):
June 30, 2026
Series L Preferred Stock ($0.94/share)
$223 
The issuance activity of the Series L Preferred Stock is summarized below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Series L Preferred Stock shares issued (1)
— 112 — 112 
Net proceeds$— $2,320 $— $2,320 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series L Preferred Stock is summarized below (in thousands):
June 30, 2026December 31, 2025
Series L Preferred Stock
$5,658 $5,484 
Cumulative adjustments to Series L Preferred Stock (1)
1,287 1,064 
________
(1)Reflects the excess of the redemption value over the accumulated carrying value.
The following table summarizes dividends declared (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Series M Preferred Stock$— $40 $— $40 
The table below presents the accumulated but unpaid dividends in arrears (in thousands):
June 30, 2026
Series M Preferred Stock ($0.96/share)
$530 
The issuance activity of the Series M Preferred Stock is summarized below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Series M Preferred Stock shares issued (1)
— 145 — 145 
Net proceeds$— $3,240 $— $3,240 
________
(1)Exclusive of shares issued under the DRIP.
The redemption value adjustment of Series M Preferred Stock is summarized below (in thousands):
June 30, 2026December 31, 2025
Series M Preferred Stock
$14,096 $13,566 
Cumulative adjustments to Series M Preferred Stock (1)
2,730 2,200 
________
(1)Reflects the excess of the redemption value over the accumulated carrying value.