10-K Filing

INNOVATIVE INDUSTRIAL PROPERTIES INC CIK: 1677576 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001558370-22-001947`
Period End Date	20211231
Filing Date	20220224
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	iipr-20211231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 52 Cash Flow Statement 127 Stockholders Equity 28

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$122.39M	USD	Point-in-time
Land	`Land`	$75.66M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$644.93M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$979.42M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$620.30M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$339.65M	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`	$1.06B	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$1.72B	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$40.20M	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`	$81.94M	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$1.02B	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$1.64B	USD	Point-in-time
Construction loan receivable	`LoansAndLeasesReceivableNetReportedAmount`	$12.92M	USD	Point-in-time
Construction loan receivable	`LoansAndLeasesReceivableNetReportedAmount`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$81.10M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$5.32M	USD	Point-in-time
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Investments	`ShortTermInvestments`	$324.89M	USD	Point-in-time
Investments	`ShortTermInvestments`	$619.27M	USD	Point-in-time
Right of use office lease asset	`OperatingLeaseRightOfUseAsset`	$1.07M	USD	Point-in-time
Right of use office lease asset	`OperatingLeaseRightOfUseAsset`	$980.00K	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
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
In-place lease intangible assets, net	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	-	USD	Point-in-time
In-place lease intangible assets, net	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$9.15M	USD	Point-in-time
Other assets, net	`OtherAssets`	$1.78M	USD	Point-in-time
Other assets, net	`OtherAssets`	$10.00M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	23.94M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	25.61M	shares	Point-in-time
Total assets	`Assets`	$2.08B	USD	Point-in-time
Total assets	`Assets`	$1.77B	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	23.94M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	25.61M	shares	Point-in-time
Exchangeable senior notes, net	`ConvertibleDebt`	$136.69M	USD	Point-in-time
Exchangeable senior notes, net	`ConvertibleDebt`	$32.23M	USD	Point-in-time
Notes due 2026, net	`UnsecuredDebt`	$293.86M	USD	Point-in-time
Notes due 2026, net	`UnsecuredDebt`	-	USD	Point-in-time
Tenant improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$36.50M	USD	Point-in-time
Tenant improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$46.27M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$4.64M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$7.72M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$30.07M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$38.85M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$1.06M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$1.17M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$34.15M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$52.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$472.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$243.11M	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 December 31, 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 December 31, 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: 25,612,541 and 23,936,928 shares issued and outstanding at December 31, 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: 25,612,541 and 23,936,928 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.67B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.56B	USD	Point-in-time
Dividends in excess of earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$75.22M	USD	Point-in-time
Dividends in excess of earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$48.12M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.52B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.61B	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`	$1.77B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.08B	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$116.90M	USD	Annual
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$204.55M	USD	Annual
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$44.67M	USD	Annual
Total revenues	`Revenues`	$116.90M	USD	Annual
Total revenues	`Revenues`	$44.67M	USD	Annual
Total revenues	`Revenues`	$204.55M	USD	Annual
Property expenses	`LeaseCost`	$4.95M	USD	Annual
Property expenses	`LeaseCost`	$1.31M	USD	Annual
Property expenses	`LeaseCost`	$4.44M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$22.96M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$14.18M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$9.82M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$8.60M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$28.02M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$41.78M	USD	Annual
Total expenses	`OperatingExpenses`	$19.73M	USD	Annual
Total expenses	`OperatingExpenses`	$47.16M	USD	Annual
Total expenses	`OperatingExpenses`	$69.18M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$135.37M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$69.74M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$24.93M	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$3.42M	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$397.00K	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$4.85M	USD	Annual
Interest expense	`InterestExpense`	$7.43M	USD	Annual
Interest expense	`InterestExpense`	$18.09M	USD	Annual
Interest expense	`InterestExpense`	$6.31M	USD	Annual
Loss on induced exchange of exchangeable senior notes	`InducedConversionOfConvertibleDebtExpense`	$3.70M	USD	Point-in-time
Loss on induced exchange of exchangeable senior notes	`InducedConversionOfConvertibleDebtExpense`	-	USD	Annual
Loss on induced exchange of exchangeable senior notes	`InducedConversionOfConvertibleDebtExpense`	$3.69M	USD	Annual
Loss on induced exchange of exchangeable senior notes	`InducedConversionOfConvertibleDebtExpense`	-	USD	Annual
Net income	`NetIncomeLoss`	$23.48M	USD	Annual
Net income	`NetIncomeLoss`	$113.99M	USD	Annual
Net income	`NetIncomeLoss`	$65.73M	USD	Annual
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.35M	USD	Annual
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.35M	USD	Annual
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.35M	USD	Annual
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$22.12M	USD	Annual
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$112.64M	USD	Annual
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$64.38M	USD	Annual
Basic	`EarningsPerShareBasic`	$2.06	USD	Annual
Basic	`EarningsPerShareBasic`	$4.69	USD	Annual
Basic	`EarningsPerShareBasic`	$3.28	USD	Annual
Diluted	`EarningsPerShareDiluted`	$4.55	USD	Annual
Diluted	`EarningsPerShareDiluted`	$2.03	USD	Annual
Diluted	`EarningsPerShareDiluted`	$3.27	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	19.44M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.55M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.90M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.68M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.26M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.56M	shares	Annual

Cash Flow Statement 127 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$65.73M	USD	Annual
Net income	`ProfitLoss`	$113.99M	USD	Annual
Net income	`ProfitLoss`	$23.48M	USD	Annual
Depreciation expense	`DepreciationDepletionAndAmortization`	$8.60M	USD	Annual
Depreciation expense	`DepreciationDepletionAndAmortization`	$28.02M	USD	Annual
Depreciation expense	`DepreciationDepletionAndAmortization`	$41.78M	USD	Annual
Loss on induced exchange of exchangeable senior notes	`InducedConversionOfConvertibleDebtExpense`	$3.70M	USD	Point-in-time
Loss on induced exchange of exchangeable senior notes	`InducedConversionOfConvertibleDebtExpense`	-	USD	Annual
Loss on induced exchange of exchangeable senior notes	`InducedConversionOfConvertibleDebtExpense`	$3.69M	USD	Annual
Loss on induced exchange of exchangeable senior notes	`InducedConversionOfConvertibleDebtExpense`	-	USD	Annual
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-95.00K	USD	Annual
Other non-cash adjustments	`OtherNoncashIncomeExpense`	-	USD	Annual
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-162.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.50M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$8.62M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$3.33M	USD	Annual
Amortization of discounts on short-term investments	`AmortizationOfDiscountsOnShortTermInvestments`	$-340.00K	USD	Annual
Amortization of discounts on short-term investments	`AmortizationOfDiscountsOnShortTermInvestments`	$-3.74M	USD	Annual
Amortization of discounts on short-term investments	`AmortizationOfDiscountsOnShortTermInvestments`	$-2.79M	USD	Annual
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.68M	USD	Annual
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$2.04M	USD	Annual
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$2.85M	USD	Annual
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$3.69M	USD	Annual
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$619.00K	USD	Annual
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$428.00K	USD	Annual
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$1.22M	USD	Annual
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$3.10M	USD	Annual
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$1.43M	USD	Annual
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$18.65M	USD	Annual
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$13.52M	USD	Annual
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$11.62M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$44.93M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$188.75M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$110.81M	USD	Annual
Purchases of investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$240.51M	USD	Annual
Purchases of investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$259.89M	USD	Annual
Purchases of investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$287.58M	USD	Annual
Reimbursements of tenant improvements and construction funding	`PaymentsForTenantImprovements`	$289.52M	USD	Annual
Reimbursements of tenant improvements and construction funding	`PaymentsForTenantImprovements`	$84.68M	USD	Annual
Reimbursements of tenant improvements and construction funding	`PaymentsForTenantImprovements`	$374.54M	USD	Annual
Funding of construction loan and other investments	`FundingOfConstructionLoanAndOtherInvestments`	-	USD	Annual
Funding of construction loan and other investments	`FundingOfConstructionLoanAndOtherInvestments`	$16.07M	USD	Annual
Deposits in escrow for acquisitions	`PaymentOfDepositsToEscrowForAcquisition`	$200.00K	USD	Annual
Deposits in escrow for acquisitions	`PaymentOfDepositsToEscrowForAcquisition`	$625.00K	USD	Annual
Deposits in escrow for acquisitions	`PaymentOfDepositsToEscrowForAcquisition`	$650.00K	USD	Annual
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$569.77M	USD	Annual
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$1.08B	USD	Annual
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$255.66M	USD	Annual
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$864.50M	USD	Annual
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$580.98M	USD	Annual
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$260.25M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-384.09M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-340.63M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.03B	USD	Annual
Issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$286.29M	USD	Annual
Issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$1.00B	USD	Annual
Net proceeds from issuance of exchangeable senior notes	`ProceedsFromIssuanceOfExchangeOfSeniorNotes`	$138.54M	USD	Annual
Gross proceeds from issuance of notes due 2026	`ProceedsFromIssuanceOfUnsecuredDebt`	$300.00M	USD	Annual
Gross proceeds from issuance of notes due 2026	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	Annual
Payment of deferred financing costs from issuance of notes due 2026	`PaymentsOfFinancingCosts`	-	USD	Annual
Payment of deferred financing costs from issuance of notes due 2026	`PaymentsOfFinancingCosts`	$6.86M	USD	Annual
Payment of inducement and transaction costs relating to inducement of the exchangeable senior notes	`PaymentOfInducementAndTransactionCostsRelatingToInducementOfDebt`	$1.70M	USD	Annual
Payment of inducement and transaction costs relating to inducement of the exchangeable senior notes	`PaymentOfInducementAndTransactionCostsRelatingToInducementOfDebt`	-	USD	Annual
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$75.46M	USD	Annual
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$38.51M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$19.77M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$5.88M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$22.58M	USD	Annual
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$35.98M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$4.41M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$12.64M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$31.66M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$17.07M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$8.87M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$29.73M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$33.58M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$130.95M	USD	Annual
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$25.99M	USD	Point-in-time
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$338.00K	USD	Point-in-time
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$338.00K	USD	Point-in-time
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.35M	USD	Annual
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$338.00K	USD	Point-in-time
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$338.00K	USD	Point-in-time
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$338.00K	USD	Point-in-time
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$338.00K	USD	Point-in-time
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$338.00K	USD	Point-in-time
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$338.00K	USD	Point-in-time
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$338.00K	USD	Point-in-time
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$338.00K	USD	Point-in-time
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$338.00K	USD	Point-in-time
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$338.00K	USD	Point-in-time
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.35M	USD	Annual
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.35M	USD	Annual
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$939.00K	USD	Annual
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.17M	USD	Annual
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.38M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$399.96M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$155.76M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$924.99M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-39.59M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$104.27M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$8.69M	USD	Annual
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$86.42M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.05M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$126.01M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.32M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$86.42M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.05M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$126.01M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.32M	USD	Point-in-time
Cash paid during the year for interest	`InterestPaidNet`	$14.38M	USD	Annual
Cash paid during the year for interest	`InterestPaidNet`	$5.39M	USD	Annual
Cash paid during the year for interest	`InterestPaidNet`	$3.06M	USD	Annual
Accrual for reimbursements of improvements and construction funding	`AccrualForReimbursementsOfTenantImprovementsAndConstructionFunding`	$36.50M	USD	Annual
Accrual for reimbursements of improvements and construction funding	`AccrualForReimbursementsOfTenantImprovementsAndConstructionFunding`	$24.97M	USD	Annual
Accrual for reimbursements of improvements and construction funding	`AccrualForReimbursementsOfTenantImprovementsAndConstructionFunding`	$46.27M	USD	Annual
Deposits applied for acquisitions	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$200.00K	USD	Annual
Deposits applied for acquisitions	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$650.00K	USD	Annual
Deposits applied for acquisitions	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	-	USD	Annual
Accrual for common and preferred stock dividends declared	`AccrualForCommonAndPreferredStockDividendsDeclared`	$30.07M	USD	Annual
Accrual for common and preferred stock dividends declared	`AccrualForCommonAndPreferredStockDividendsDeclared`	$12.97M	USD	Annual
Accrual for common and preferred stock dividends declared	`AccrualForCommonAndPreferredStockDividendsDeclared`	$38.85M	USD	Annual
Accrual for stock issuance costs	`InvoicesAccruedForOfferingCost`	$22.00K	USD	Annual
Exchange of exchangeable senior notes	`ExchangeOfSeniorNotes`	$109.04M	USD	Annual
Exchange of exchangeable senior notes	`ExchangeOfSeniorNotes`	$1.00K	USD	Annual
Operating lease liability for obtaining right of use asset	`OperatingLeaseLiabilityForObtainingRightOfUseAsset`	$192.00K	USD	Annual
Operating lease liability for obtaining right of use asset	`OperatingLeaseLiabilityForObtainingRightOfUseAsset`	$1.21M	USD	Annual

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Balances at beginning of period	`StockholdersEquity`	$1.52B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.61B	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`	$23.48M	USD	Annual
Net income	`NetIncomeLoss`	$113.99M	USD	Annual
Net income	`NetIncomeLoss`	$65.73M	USD	Annual
Equity component of exchangeable senior notes	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$5.57M	USD	Annual
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueSaleOfCommonStock`	$286.27M	USD	Annual
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueSaleOfCommonStock`	$1.00B	USD	Annual
Exchange of exchangeable senior notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$108.59M	USD	Annual
Exchange of exchangeable senior notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.00K	USD	Annual
Issuance of unvested restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-2.17M	USD	Annual
Issuance of unvested restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-3.38M	USD	Annual
Issuance of unvested restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-939.00K	USD	Annual
Preferred stock dividend	`DividendsPreferredStock`	$1.35M	USD	Annual
Preferred stock dividend	`DividendsPreferredStock`	$1.35M	USD	Annual
Preferred stock dividend	`DividendsPreferredStock`	$1.35M	USD	Annual
Common stock dividend	`DividendsCommonStockCash`	$139.74M	USD	Annual
Common stock dividend	`DividendsCommonStockCash`	$31.80M	USD	Annual
Common stock dividend	`DividendsCommonStockCash`	$92.55M	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$8.62M	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$2.50M	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$3.33M	USD	Annual
Balances at end of period	`StockholdersEquity`	$1.52B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.61B	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.