10-Q Filing

INNOVATIVE INDUSTRIAL PROPERTIES INC CIK: 1677576 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001104659-20-121888`
Period End Date	20200930
Filing Date	20201105
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	iipr-20200930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 64 Cash Flow Statement 66 Stockholders Equity 36

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$68.03M	USD	Point-in-time
Land	`Land`	$48.65M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$382.04M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$575.53M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$272.93M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$87.34M	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
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$916.50M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$31.47M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	50.00M	shares	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`	$505.86M	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$885.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$161.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$82.24M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$35.07M	USD	Point-in-time
Short-term investments, net	`ShortTermInvestments`	$451.18M	USD	Point-in-time
Short-term investments, net	`ShortTermInvestments`	$119.59M	USD	Point-in-time
Right of use office lease asset	`OperatingLeaseRightOfUseAsset`	$1.20M	USD	Point-in-time
Right of use office lease asset	`OperatingLeaseRightOfUseAsset`	$1.03M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other assets, net	`OtherAssets`	$1.54M	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`	$745.86M	USD	Point-in-time
Total assets	`Assets`	$1.50B	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	22.17M	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`	$134.65M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	22.17M	shares	Point-in-time
Exchangeable senior notes, net	`ConvertibleDebt`	$136.17M	USD	Point-in-time
Tenant improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$24.97M	USD	Point-in-time
Tenant improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$30.58M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$3.42M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$1.34M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$26.32M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$12.97M	USD	Point-in-time
Office lease liability	`OperatingLeaseLiability`	$1.11M	USD	Point-in-time
Office lease liability	`OperatingLeaseLiability`	$1.20M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$20.63M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$34.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$229.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$197.85M	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 September 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 September 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: 22,174,428 and 12,637,043 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$13.00K	USD	Point-in-time
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 22,174,428 and 12,637,043 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$22.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$553.93M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.30B	USD	Point-in-time
Dividends in excess of earnings	`DividendInExcessOfEarnings`	$-19.94M	USD	Point-in-time
Dividends in excess of earnings	`DividendInExcessOfEarnings`	$-39.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$266.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.27B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$449.78M	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`	$264.29M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.50B	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`	$79.80M	USD	3 Qtrs
Rental (including tenant reimbursements)	`OperatingLeasesIncomeStatementLeaseRevenue`	$34.33M	USD	1 Quarter
Rental (including tenant reimbursements)	`OperatingLeasesIncomeStatementLeaseRevenue`	$27.00M	USD	3 Qtrs
Rental (including tenant reimbursements)	`OperatingLeasesIncomeStatementLeaseRevenue`	$11.55M	USD	1 Quarter
Total revenues	`Revenues`	$34.33M	USD	1 Quarter
Total revenues	`Revenues`	$79.80M	USD	3 Qtrs
Total revenues	`Revenues`	$27.00M	USD	3 Qtrs
Total revenues	`Revenues`	$11.55M	USD	1 Quarter
Property expenses	`LeaseCost`	$2.92M	USD	1 Quarter
Property expenses	`LeaseCost`	$3.93M	USD	3 Qtrs
Property expenses	`LeaseCost`	$941.00K	USD	3 Qtrs
Property expenses	`LeaseCost`	$357.00K	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$2.16M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$3.34M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$9.70M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$6.67M	USD	3 Qtrs
Depreciation expense	`DepreciationDepletionAndAmortization`	$2.22M	USD	1 Quarter
Depreciation expense	`DepreciationDepletionAndAmortization`	$7.65M	USD	1 Quarter
Depreciation expense	`DepreciationDepletionAndAmortization`	$5.05M	USD	3 Qtrs
Depreciation expense	`DepreciationDepletionAndAmortization`	$19.30M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$12.66M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$4.73M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$32.93M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$13.90M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$6.82M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$46.88M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$14.33M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$20.42M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$3.09M	USD	3 Qtrs
Interest and other income	`InterestAndOtherIncome`	$3.70M	USD	3 Qtrs
Interest and other income	`InterestAndOtherIncome`	$1.54M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$653.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.46M	USD	3 Qtrs
Interest expense	`InterestExpense`	$5.57M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.86M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$44.40M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.57M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$6.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.21M	USD	1 Quarter
Preferred stock dividend	`PreferredStockDividendsIncomeStatementImpact`	$1.01M	USD	3 Qtrs
Preferred stock dividend	`PreferredStockDividendsIncomeStatementImpact`	$1.01M	USD	3 Qtrs
Preferred stock dividend	`PreferredStockDividendsIncomeStatementImpact`	$338.00K	USD	1 Quarter
Preferred stock dividend	`PreferredStockDividendsIncomeStatementImpact`	$338.00K	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$43.38M	USD	3 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$18.88M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$12.56M	USD	3 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.18M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.22	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.87	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.35	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.33	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.86	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.20	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.59M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	18.32M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.09M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.92M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.06M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.43M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.23M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.71M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$44.40M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.57M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$6.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.21M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$2.22M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$7.65M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$5.05M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$19.30M	USD	3 Qtrs
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-139.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.49M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.84M	USD	3 Qtrs
Amortization of discounts on short-term investments	`AmortizationOfDiscountsOnShortTermInvestments`	$-2.87M	USD	3 Qtrs
Amortization of discounts on short-term investments	`AmortizationOfDiscountsOnShortTermInvestments`	$-2.50M	USD	3 Qtrs
Amortization of debt discounts and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.52M	USD	3 Qtrs
Amortization of debt discounts and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.18M	USD	3 Qtrs
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-46.00K	USD	3 Qtrs
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$364.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-924.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.10M	USD	3 Qtrs
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$13.69M	USD	3 Qtrs
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$7.18M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$25.09M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$76.58M	USD	3 Qtrs
Purchases of investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$182.09M	USD	3 Qtrs
Purchases of investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$107.64M	USD	3 Qtrs
Reimbursements of tenant improvements and construction funding	`PaymentsForTenantImprovements`	$210.11M	USD	3 Qtrs
Reimbursements of tenant improvements and construction funding	`PaymentsForTenantImprovements`	$43.77M	USD	3 Qtrs
Deposits in escrow for acquisitions	`PaymentOfDepositsToEscrowForAcquisition`	$500.00K	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$668.58M	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$249.01M	USD	3 Qtrs
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$339.49M	USD	3 Qtrs
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$163.50M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-721.28M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-237.43M	USD	3 Qtrs
Issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$185.69M	USD	3 Qtrs
Issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$741.12M	USD	3 Qtrs
Net proceeds from issuance of exchangeable senior notes	`ProceedsFromIssuanceOfExchangeOfSeniorNotes`	-	USD	3 Qtrs
Net proceeds from issuance of exchangeable senior notes	`ProceedsFromIssuanceOfExchangeOfSeniorNotes`	$138.54M	USD	3 Qtrs
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$13.72M	USD	3 Qtrs
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$49.48M	USD	3 Qtrs
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.01M	USD	3 Qtrs
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.01M	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.17M	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$939.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$688.46M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$308.56M	USD	3 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$96.22M	USD	3 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$43.76M	USD	3 Qtrs
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`	$109.27M	USD	Point-in-time
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`	$161.07M	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`	$109.27M	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`	$161.07M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	$3.06M	USD	3 Qtrs
Cash paid during the period for interest	`InterestPaidNet`	$5.39M	USD	3 Qtrs
Accrual for reimbursements of tenant improvements and construction funding	`AccrualForReimbursementsOfTenantImprovementsAndConstructionFunding`	$12.70M	USD	3 Qtrs
Accrual for reimbursements of tenant improvements and construction funding	`AccrualForReimbursementsOfTenantImprovementsAndConstructionFunding`	$30.58M	USD	3 Qtrs
Deposits applied for acquisitions	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$650.00K	USD	3 Qtrs
Accrual for common and preferred stock dividends declared	`AccrualForCommonAndPreferredStockDividendsDeclared`	$26.32M	USD	3 Qtrs
Accrual for common and preferred stock dividends declared	`AccrualForCommonAndPreferredStockDividendsDeclared`	$9.20M	USD	3 Qtrs
Accrual for stock issuance costs	`InvoicesAccruedForOfferingCost`	$62.00K	USD	3 Qtrs
Accrual for stock issuance costs	`InvoicesAccruedForOfferingCost`	$14.00K	USD	3 Qtrs
Exchange of exchangeable senior notes	`ExchangeOfExchangeableSeniorNotes`	$1.00K	USD	3 Qtrs

Stockholders Equity 36 line items

Line Item	Tag	Value	Unit	Period
Balances at beginning of period	`StockholdersEquity`	$266.19M	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.27B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$449.78M	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`	$264.29M	USD	Point-in-time
Net income	`NetIncomeLoss`	$44.40M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.57M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$6.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.21M	USD	1 Quarter
Equity component of exchangeable senior notes	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$5.57M	USD	3 Qtrs
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueSaleOfCommonStock`	$306.29M	USD	1 Quarter
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueSaleOfCommonStock`	$741.11M	USD	3 Qtrs
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueSaleOfCommonStock`	$185.62M	USD	1 Quarter
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueSaleOfCommonStock`	$185.62M	USD	3 Qtrs
Issuance of exchangeable senior notes	`StockIssuedDuringPeriodValueExchangeableSeniorNotes`	$1.00K	USD	3 Qtrs
Net issuance of unvested restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$-2.17M	USD	3 Qtrs
Net issuance of unvested restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$-939.00K	USD	3 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$338.00K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$1.01M	USD	3 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$1.01M	USD	3 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$338.00K	USD	1 Quarter
Common stock dividend	`DividendsCommonStockCash`	$62.83M	USD	3 Qtrs
Common stock dividend	`DividendsCommonStockCash`	$8.87M	USD	1 Quarter
Common stock dividend	`DividendsCommonStockCash`	$19.16M	USD	3 Qtrs
Common stock dividend	`DividendsCommonStockCash`	$25.99M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$2.49M	USD	3 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$1.84M	USD	3 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$655.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$841.00K	USD	1 Quarter
Balances at end of period	`StockholdersEquity`	$266.19M	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.27B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$449.78M	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`	$264.29M	USD	Point-in-time

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