10-Q Filing

INNOVATIVE INDUSTRIAL PROPERTIES INC CIK: 1677576 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001558370-21-010534`
Period End Date	20210630
Filing Date	20210805
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	iipr-20210630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 64 Cash Flow Statement 69 Stockholders Equity 33

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$91.66M	USD	Point-in-time
Land	`Land`	$75.66M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$763.27M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$644.93M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$476.97M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$339.65M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$3.83M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$1.34B	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$1.06B	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$40.20M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$58.88M	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$1.02B	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$1.28B	USD	Point-in-time
Construction loan	`ConstructionLoans`	$6.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$156.31M	USD	Point-in-time
Investments	`ShortTermInvestments`	$649.35M	USD	Point-in-time
Investments	`ShortTermInvestments`	$619.27M	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
Right of use office lease asset	`OperatingLeaseRightOfUseAsset`	$866.00K	USD	Point-in-time
Right of use office lease asset	`OperatingLeaseRightOfUseAsset`	$980.00K	USD	Point-in-time
Other assets, net	`OtherAssets`	$1.78M	USD	Point-in-time
Other assets, net	`OtherAssets`	$1.46M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total assets	`Assets`	$1.77B	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	23.94M	shares	Point-in-time
Total assets	`Assets`	$2.09B	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	23.93M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	23.93M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	23.94M	shares	Point-in-time
Exchangeable senior notes, net	`ConvertibleDebt`	$136.69M	USD	Point-in-time
Exchangeable senior notes, net	`ConvertibleDebt`	$137.75M	USD	Point-in-time
Unsecured senior notes, net	`UnsecuredDebt`	$293.44M	USD	Point-in-time
Tenant improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$60.67M	USD	Point-in-time
Tenant improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$36.50M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$4.87M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$4.64M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$30.07M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$33.92M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$3.19M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$1.06M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$41.85M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$34.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$243.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$575.68M	USD	Point-in-time
Commitments and contingencies (Notes 6 and 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 6 and 11)	`CommitmentsAndContingencies`	-	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, 2021 and December 31, 2020	`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, 2021 and December 31, 2020	`PreferredStockValue`	$14.01M	USD	Point-in-time
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 23,928,304 and 23,936,928 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$24.00K	USD	Point-in-time
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 23,928,304 and 23,936,928 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$24.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.56B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.56B	USD	Point-in-time
Dividends in excess of earnings	`DividendInExcessOfEarnings`	$-48.12M	USD	Point-in-time
Dividends in excess of earnings	`DividendInExcessOfEarnings`	$-58.77M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$548.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$858.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.52B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$969.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.52B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.52B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.09B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.77B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$91.75M	USD	2 Qtrs
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$24.35M	USD	1 Quarter
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$48.87M	USD	1 Quarter
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$45.48M	USD	2 Qtrs
Total revenues	`Revenues`	$91.75M	USD	2 Qtrs
Total revenues	`Revenues`	$45.48M	USD	2 Qtrs
Total revenues	`Revenues`	$24.35M	USD	1 Quarter
Total revenues	`Revenues`	$48.87M	USD	1 Quarter
Property expenses	`LeaseCost`	$482.00K	USD	1 Quarter
Property expenses	`LeaseCost`	$1.01M	USD	2 Qtrs
Property expenses	`LeaseCost`	$414.00K	USD	1 Quarter
Property expenses	`LeaseCost`	$1.25M	USD	2 Qtrs
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`	$5.60M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$11.20M	USD	2 Qtrs
Depreciation expense	`DepreciationDepletionAndAmortization`	$18.68M	USD	2 Qtrs
Depreciation expense	`DepreciationDepletionAndAmortization`	$9.84M	USD	1 Quarter
Depreciation expense	`DepreciationDepletionAndAmortization`	$6.75M	USD	1 Quarter
Depreciation expense	`DepreciationDepletionAndAmortization`	$11.65M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$31.14M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$10.17M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$15.93M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$19.02M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$32.94M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$14.18M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$26.45M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$60.62M	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$2.43M	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$91.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$215.00K	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$989.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.57M	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.70M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.85M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.69M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.18M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$55.27M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$29.34M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$338.00K	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$676.00K	USD	2 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$676.00K	USD	2 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$338.00K	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$54.59M	USD	2 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$24.51M	USD	2 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$29.00M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$12.97M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.27	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.73	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.46	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.21	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.17	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.73	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.45	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.22	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.89M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.53M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.89M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	16.66M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.77M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.64M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.17M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.17M	shares	2 Qtrs

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$13.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.18M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$55.27M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$29.34M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$18.68M	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$9.84M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$6.75M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$11.65M	USD	2 Qtrs
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-97.00K	USD	2 Qtrs
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-47.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$4.23M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.65M	USD	2 Qtrs
Amortization of discounts on short-term investments	`AmortizationOfDiscountsOnShortTermInvestments`	$-199.00K	USD	2 Qtrs
Amortization of discounts on short-term investments	`AmortizationOfDiscountsOnShortTermInvestments`	$-1.91M	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.01M	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.17M	USD	2 Qtrs
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-3.00K	USD	2 Qtrs
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-220.00K	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-182.00K	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.28M	USD	2 Qtrs
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$5.61M	USD	2 Qtrs
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$7.69M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$43.11M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$89.39M	USD	2 Qtrs
Purchases of investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$99.07M	USD	2 Qtrs
Purchases of investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$138.32M	USD	2 Qtrs
Reimbursements of tenant improvements and construction funding	`PaymentsForTenantImprovements`	$160.58M	USD	2 Qtrs
Reimbursements of tenant improvements and construction funding	`PaymentsForTenantImprovements`	$152.05M	USD	2 Qtrs
Draws on construction loan	`DrawsOnConstructionLoan`	$6.00M	USD	2 Qtrs
Deposits in escrow for acquisitions	`PaymentOfDepositsToEscrowForAcquisition`	$400.00K	USD	2 Qtrs
Deposits in escrow for acquisitions	`PaymentOfDepositsToEscrowForAcquisition`	$150.00K	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$439.88M	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$388.75M	USD	2 Qtrs
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$187.00M	USD	2 Qtrs
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$410.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-287.15M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-501.05M	USD	2 Qtrs
Issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$434.81M	USD	2 Qtrs
Gross proceeds from issuance of unsecured senior notes	`ProceedsFromIssuanceOfUnsecuredDebt`	$300.00M	USD	2 Qtrs
Payment of deferred financing costs from issuance of unsecured senior notes	`PaymentsOfFinancingCosts`	$6.48M	USD	2 Qtrs
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$61.39M	USD	2 Qtrs
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$29.71M	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`	$3.38M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.17M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$402.26M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$228.07M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$30.31M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-55.67M	USD	2 Qtrs
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`	$156.31M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$126.01M	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, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$61.64M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$156.31M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$126.01M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.32M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	$2.70M	USD	2 Qtrs
Cash paid during the period for interest	`InterestPaidNet`	$2.70M	USD	2 Qtrs
Accrual for reimbursements of tenant improvements and construction funding	`AccrualForReimbursementsOfTenantImprovementsAndConstructionFunding`	$60.67M	USD	2 Qtrs
Accrual for reimbursements of tenant improvements and construction funding	`AccrualForReimbursementsOfTenantImprovementsAndConstructionFunding`	$22.78M	USD	2 Qtrs
Deposits applied for acquisitions	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$650.00K	USD	2 Qtrs
Deposits applied for acquisitions	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$200.00K	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`	$33.92M	USD	2 Qtrs
Accrual for deferred financing costs	`AccrualForDeferredFinancingCosts`	$196.00K	USD	2 Qtrs
Accrual for stock issuance costs	`InvoicesAccruedForOfferingCost`	$55.00K	USD	2 Qtrs
Exchange of exchangeable senior notes	`StockIssuedDuringPeriodValueExchangeableSeniorNotes`	$1.00K	USD	2 Qtrs

Stockholders Equity 33 line items

Line Item	Tag	Value	Unit	Period
Balances at beginning of period	`StockholdersEquity`	$548.01M	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$858.98M	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.52B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$969.97M	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.52B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.52B	USD	Point-in-time
Net income	`NetIncomeLoss`	$13.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.18M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$55.27M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$29.34M	USD	1 Quarter
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueSaleOfCommonStock`	$116.97M	USD	1 Quarter
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueSaleOfCommonStock`	$434.81M	USD	2 Qtrs
Exchange of exchangeable senior notes	`StockIssuedDuringPeriodValueExchangeableSeniorNotes`	$1.00K	USD	2 Qtrs
Issuance of unvested restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-2.17M	USD	2 Qtrs
Issuance of unvested restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-3.38M	USD	2 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$338.00K	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`	$676.00K	USD	2 Qtrs
Common stock dividend	`DividendsCommonStockCash`	$33.58M	USD	1 Quarter
Common stock dividend	`DividendsCommonStockCash`	$65.24M	USD	2 Qtrs
Common stock dividend	`DividendsCommonStockCash`	$19.77M	USD	1 Quarter
Common stock dividend	`DividendsCommonStockCash`	$36.84M	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$2.13M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$4.23M	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$1.65M	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$822.00K	USD	1 Quarter
Balances at end of period	`StockholdersEquity`	$548.01M	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$858.98M	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.52B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$969.97M	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.52B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.52B	USD	Point-in-time

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