10-Q Filing

INNOVATIVE INDUSTRIAL PROPERTIES INC CIK: 1677576 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001104659-20-091470`
Period End Date	20200630
Filing Date	20200806
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	iipr-20200630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 64 Cash Flow Statement 66 Stockholders Equity 39

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$48.65M	USD	Point-in-time
Land	`Land`	$58.47M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$530.27M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$382.04M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$87.34M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$226.65M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$518.03M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$815.39M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$23.82M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$12.17M	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$791.57M	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$505.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$82.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.17M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$35.07M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$11.47M	USD	Point-in-time
Short-term investments, net	`ShortTermInvestments`	$119.59M	USD	Point-in-time
Short-term investments, net	`ShortTermInvestments`	$323.25M	USD	Point-in-time
Right of use office lease asset	`OperatingLeaseRightOfUseAsset`	$1.09M	USD	Point-in-time
Right of use office lease asset	`OperatingLeaseRightOfUseAsset`	$1.20M	USD	Point-in-time
Other assets, net	`OtherAssets`	$1.59M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other assets, net	`OtherAssets`	$1.88M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total assets	`Assets`	$1.18B	USD	Point-in-time
Total assets	`Assets`	$745.86M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	18.61M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	12.64M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	12.64M	shares	Point-in-time
Exchangeable senior notes, net	`ConvertibleDebt`	$135.66M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	18.61M	shares	Point-in-time
Exchangeable senior notes, net	`ConvertibleDebt`	$134.65M	USD	Point-in-time
Tenant improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$22.78M	USD	Point-in-time
Tenant improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$24.97M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$3.42M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$3.23M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$12.97M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$20.11M	USD	Point-in-time
Office lease liability	`OperatingLeaseLiability`	$1.20M	USD	Point-in-time
Office lease liability	`OperatingLeaseLiability`	$1.15M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$26.24M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$20.63M	USD	Point-in-time
Total liabilities	`Liabilities`	$197.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$209.18M	USD	Point-in-time
Preferred stock, par value $0.001 per share, 50,000,000 shares authorized: 9.00% Series A cumulative redeemable preferred stock, $15,000 liquidation preference ($25.00 per share), 600,000 shares issued and outstanding at June 30, 2020 and December 31, 2019	`PreferredStockValue`	$14.01M	USD	Point-in-time
Preferred stock, par value $0.001 per share, 50,000,000 shares authorized: 9.00% Series A cumulative redeemable preferred stock, $15,000 liquidation preference ($25.00 per share), 600,000 shares issued and outstanding at June 30, 2020 and December 31, 2019	`PreferredStockValue`	$14.01M	USD	Point-in-time
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 18,614,561 and 12,637,043 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$19.00K	USD	Point-in-time
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 18,614,561 and 12,637,043 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$13.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$988.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$553.93M	USD	Point-in-time
Dividends in excess of earnings	`DividendInExcessOfEarnings`	$-19.94M	USD	Point-in-time
Dividends in excess of earnings	`DividendInExcessOfEarnings`	$-32.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$858.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$264.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$969.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$548.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$266.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$268.38M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.18B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$745.86M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Rental (including tenant reimbursements)	`OperatingLeasesIncomeStatementLeaseRevenue`	$24.35M	USD	1 Quarter
Rental (including tenant reimbursements)	`OperatingLeasesIncomeStatementLeaseRevenue`	$15.44M	USD	2 Qtrs
Rental (including tenant reimbursements)	`OperatingLeasesIncomeStatementLeaseRevenue`	$45.48M	USD	2 Qtrs
Rental (including tenant reimbursements)	`OperatingLeasesIncomeStatementLeaseRevenue`	$8.62M	USD	1 Quarter
Total revenues	`Revenues`	$8.62M	USD	1 Quarter
Total revenues	`Revenues`	$15.44M	USD	2 Qtrs
Total revenues	`Revenues`	$24.35M	USD	1 Quarter
Total revenues	`Revenues`	$45.48M	USD	2 Qtrs
Property expenses	`LeaseCost`	$337.00K	USD	1 Quarter
Property expenses	`LeaseCost`	$1.01M	USD	2 Qtrs
Property expenses	`LeaseCost`	$584.00K	USD	2 Qtrs
Property expenses	`LeaseCost`	$414.00K	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$6.36M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$3.01M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$2.59M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$4.51M	USD	2 Qtrs
Depreciation expense	`DepreciationDepletionAndAmortization`	$2.83M	USD	2 Qtrs
Depreciation expense	`DepreciationDepletionAndAmortization`	$1.61M	USD	1 Quarter
Depreciation expense	`DepreciationDepletionAndAmortization`	$11.65M	USD	2 Qtrs
Depreciation expense	`DepreciationDepletionAndAmortization`	$6.75M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$10.17M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$4.54M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$19.02M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$7.93M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$14.18M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$4.07M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.51M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$26.45M	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$989.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$1.17M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$2.43M	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$2.17M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.62M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.83M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.70M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.05M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$25.18M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.31M	USD	1 Quarter
Preferred stock dividend	`PreferredStockDividendsIncomeStatementImpact`	$338.00K	USD	1 Quarter
Preferred stock dividend	`PreferredStockDividendsIncomeStatementImpact`	$676.00K	USD	2 Qtrs
Preferred stock dividend	`PreferredStockDividendsIncomeStatementImpact`	$338.00K	USD	1 Quarter
Preferred stock dividend	`PreferredStockDividendsIncomeStatementImpact`	$676.00K	USD	2 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$12.97M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$24.51M	USD	2 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.38M	USD	2 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.07M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.73	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.64	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.46	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.45	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.64	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.73	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.67M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	16.66M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.53M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.67M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.77M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.80M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.81M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.64M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$7.05M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$25.18M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.31M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$2.83M	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$1.61M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$11.65M	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$6.75M	USD	1 Quarter
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-97.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.65M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.19M	USD	2 Qtrs
Amortization of discounts on short-term investments	`AmortizationOfDiscountsOnShortTermInvestments`	$-1.84M	USD	2 Qtrs
Amortization of discounts on short-term investments	`AmortizationOfDiscountsOnShortTermInvestments`	$-1.91M	USD	2 Qtrs
Amortization of debt discounts and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$692.00K	USD	2 Qtrs
Amortization of debt discounts and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.01M	USD	2 Qtrs
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$77.00K	USD	2 Qtrs
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-3.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-182.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.55M	USD	2 Qtrs
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$3.22M	USD	2 Qtrs
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$5.61M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$43.11M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.62M	USD	2 Qtrs
Purchases of investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$138.32M	USD	2 Qtrs
Purchases of investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$62.16M	USD	2 Qtrs
Reimbursements of tenant improvements and construction funding	`PaymentsForTenantImprovements`	$19.88M	USD	2 Qtrs
Reimbursements of tenant improvements and construction funding	`PaymentsForTenantImprovements`	$160.58M	USD	2 Qtrs
Deposits in escrow for acquisitions	`PaymentOfDepositsToEscrowForAcquisition`	$750.00K	USD	2 Qtrs
Deposits in escrow for acquisitions	`PaymentOfDepositsToEscrowForAcquisition`	$400.00K	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$388.75M	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$116.94M	USD	2 Qtrs
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$187.00M	USD	2 Qtrs
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$100.50M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-99.24M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-501.05M	USD	2 Qtrs
Issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$-74.00K	USD	2 Qtrs
Issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$434.81M	USD	2 Qtrs
Net proceeds from issuance of exchangeable senior notes	`ProceedsFromIssuanceOfExchangeOfSeniorNotes`	$138.54M	USD	2 Qtrs
Net proceeds from issuance of exchangeable senior notes	`ProceedsFromIssuanceOfExchangeOfSeniorNotes`	-	USD	2 Qtrs
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$29.71M	USD	2 Qtrs
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$7.83M	USD	2 Qtrs
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$676.00K	USD	2 Qtrs
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$676.00K	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.17M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$939.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$402.26M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$129.02M	USD	2 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-55.67M	USD	2 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$44.40M	USD	2 Qtrs
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.32M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$61.64M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.05M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.45M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.32M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$61.64M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.05M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$57.45M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	$2.70M	USD	2 Qtrs
Accrual for reimbursements of tenant improvements and construction funding	`AccrualForReimbursementsOfTenantImprovementsAndConstructionFunding`	$22.78M	USD	2 Qtrs
Accrual for reimbursements of tenant improvements and construction funding	`AccrualForReimbursementsOfTenantImprovementsAndConstructionFunding`	$8.82M	USD	2 Qtrs
Accrual for common and preferred stock dividends declared	`AccrualForCommonAndPreferredStockDividendsDeclared`	$20.11M	USD	2 Qtrs
Accrual for common and preferred stock dividends declared	`AccrualForCommonAndPreferredStockDividendsDeclared`	$6.22M	USD	2 Qtrs
Deposits applied for acquisitions	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$650.00K	USD	2 Qtrs
Accrual for stock issuance costs	`InvoicesAccruedForOfferingCost`	$64.00K	USD	2 Qtrs
Accrual for stock issuance costs	`InvoicesAccruedForOfferingCost`	$55.00K	USD	2 Qtrs
Exchange of exchangeable senior notes	`ExchangeOfExchangeableSeniorNotes`	$1.00K	USD	2 Qtrs

Stockholders Equity 39 line items

Line Item	Tag	Value	Unit	Period
Balances at beginning of period	`StockholdersEquity`	$858.98M	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$264.29M	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$969.97M	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$548.01M	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$266.19M	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$268.38M	USD	Point-in-time
Net income	`NetIncomeLoss`	$7.05M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$25.18M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.31M	USD	1 Quarter
Equity component of exchangeable senior notes	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$5.57M	USD	2 Qtrs
Equity component of exchangeable senior notes	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	-	USD	2 Qtrs
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueSaleOfCommonStock`	-	USD	2 Qtrs
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueSaleOfCommonStock`	$434.81M	USD	2 Qtrs
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueSaleOfCommonStock`	$116.97M	USD	1 Quarter
Issuance of exchangeable senior notes	`StockIssuedDuringPeriodValueExchangeableSeniorNotes`	$1.00	USD	2 Qtrs
Issuance of exchangeable senior notes	`StockIssuedDuringPeriodValueExchangeableSeniorNotes`	-	USD	2 Qtrs
Net issuance of unvested restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$-2.17M	USD	2 Qtrs
Net issuance of unvested restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$-939.00K	USD	2 Qtrs
Net issuance of unvested restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Net issuance of unvested restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$338.00K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$676.00K	USD	2 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$338.00K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$676.00K	USD	2 Qtrs
Common stock dividend	`DividendsCommonStockCash`	$36.84M	USD	2 Qtrs
Common stock dividend	`DividendsCommonStockCash`	$5.88M	USD	1 Quarter
Common stock dividend	`DividendsCommonStockCash`	$10.30M	USD	2 Qtrs
Common stock dividend	`DividendsCommonStockCash`	$19.77M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$1.65M	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$822.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$1.19M	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$623.00K	USD	1 Quarter
Balances at end of period	`StockholdersEquity`	$858.98M	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$264.29M	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$969.97M	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$548.01M	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$266.19M	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$268.38M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.