10-Q Filing

INNOVATIVE INDUSTRIAL PROPERTIES INC CIK: 1677576 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-22-012237`
Period End Date	20220630
Filing Date	20220804
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	iipr-20220630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 68 Cash Flow Statement 75 Stockholders Equity 34

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$122.39M	USD	Point-in-time
Land	`Land`	$136.12M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$1.22B	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$979.42M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$699.86M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$620.30M	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
Construction in progress	`ConstructionInProgressGross`	$68.91M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$1.72B	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$2.13B	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$81.94M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$109.10M	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$1.64B	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$2.02B	USD	Point-in-time
Construction loan receivable	`ConstructionLoanReceivable`	$17.70M	USD	Point-in-time
Construction loan receivable	`ConstructionLoanReceivable`	$12.92M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$81.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.43M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$5.32M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$530.00K	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
Investments	`ShortTermInvestments`	$309.44M	USD	Point-in-time
Investments	`ShortTermInvestments`	$324.89M	USD	Point-in-time
Right of use office lease asset	`OperatingLeaseRightOfUseAsset`	$1.92M	USD	Point-in-time
Right of use office lease asset	`OperatingLeaseRightOfUseAsset`	$1.07M	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
Common Stock, Shares Issued	`CommonStockSharesIssued`	27.97M	shares	Point-in-time
In-place lease intangible assets, net	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$9.15M	USD	Point-in-time
In-place lease intangible assets, net	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$9.54M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	25.61M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	27.97M	shares	Point-in-time
Other assets, net	`OtherAssets`	$24.52M	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	25.61M	shares	Point-in-time
Other assets, net	`OtherAssets`	$10.00M	USD	Point-in-time
Total assets	`Assets`	$2.08B	USD	Point-in-time
Total assets	`Assets`	$2.43B	USD	Point-in-time
Exchangeable Senior Notes, net	`ConvertibleDebt`	$6.37M	USD	Point-in-time
Exchangeable Senior Notes, net	`ConvertibleDebt`	$32.23M	USD	Point-in-time
Notes due 2026, net	`UnsecuredDebt`	$294.48M	USD	Point-in-time
Notes due 2026, net	`UnsecuredDebt`	$293.86M	USD	Point-in-time
Tenant improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$46.27M	USD	Point-in-time
Tenant improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$31.21M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$6.43M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$7.72M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$49.44M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$38.85M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$59.90M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$52.80M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$1.17M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$2.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$472.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$449.91M	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, 2022 and December 31, 2021	`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, 2022 and December 31, 2021	`PreferredStockValue`	$14.01M	USD	Point-in-time
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 27,973,429 and 25,612,541 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 27,973,429 and 25,612,541 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$28.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.67B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.06B	USD	Point-in-time
Dividends in excess of earnings	`DividendInExcessOfEarnings`	$-75.22M	USD	Point-in-time
Dividends in excess of earnings	`DividendInExcessOfEarnings`	$-94.83M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.61B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.52B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.98B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.52B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.65B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.52B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.43B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.08B	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$48.87M	USD	1 Quarter
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$70.00M	USD	1 Quarter
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$134.11M	USD	2 Qtrs
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$91.75M	USD	2 Qtrs
Other	`RevenueNotFromContractWithCustomerOther`	$906.00K	USD	2 Qtrs
Other	`RevenueNotFromContractWithCustomerOther`	$516.00K	USD	1 Quarter
Total revenues	`Revenues`	$48.87M	USD	1 Quarter
Total revenues	`Revenues`	$91.75M	USD	2 Qtrs
Total revenues	`Revenues`	$70.51M	USD	1 Quarter
Total revenues	`Revenues`	$135.01M	USD	2 Qtrs
Property expenses	`LeaseCost`	$482.00K	USD	1 Quarter
Property expenses	`LeaseCost`	$2.43M	USD	1 Quarter
Property expenses	`LeaseCost`	$1.25M	USD	2 Qtrs
Property expenses	`LeaseCost`	$4.41M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$8.71M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$17.48M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$5.60M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$11.20M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$15.23M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$18.68M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$29.10M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$9.84M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$31.14M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$50.99M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$15.93M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$26.37M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$32.94M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$60.62M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$44.14M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$84.02M	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$638.00K	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$91.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$581.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$215.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.50M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.69M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.57M	USD	2 Qtrs
Interest expense	`InterestExpense`	$9.27M	USD	2 Qtrs
Loss on exchange of Exchangeable Senior Notes	`InducedConversionOfConvertibleDebtExpense`	$7.00K	USD	1 Quarter
Loss on exchange of Exchangeable Senior Notes	`InducedConversionOfConvertibleDebtExpense`	$125.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$40.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$75.26M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$55.27M	USD	2 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$338.00K	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$676.00K	USD	2 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$338.00K	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$676.00K	USD	2 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$29.00M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$39.88M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$54.59M	USD	2 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$74.59M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.21	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.42	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.27	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$2.77	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.42	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.75	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.17	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.22	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.74M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.89M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.89M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.85M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.17M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.04M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.16M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.17M	shares	1 Quarter

Cash Flow Statement 75 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$75.26M	USD	2 Qtrs
Net income	`ProfitLoss`	$55.27M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.68M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$29.10M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.84M	USD	1 Quarter
Loss on exchange of Exchangeable Senior Notes	`InducedConversionOfConvertibleDebtExpense`	$7.00K	USD	1 Quarter
Loss on exchange of Exchangeable Senior Notes	`InducedConversionOfConvertibleDebtExpense`	$125.00K	USD	2 Qtrs
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-47.00K	USD	2 Qtrs
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-127.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$4.23M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$8.82M	USD	2 Qtrs
Amortization of discounts on short-term investments	`AmortizationOfDiscountsOnShortTermInvestments`	$-199.00K	USD	2 Qtrs
Amortization of discounts on short-term investments	`AmortizationOfDiscountsOnShortTermInvestments`	$-513.00K	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$689.00K	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.17M	USD	2 Qtrs
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-2.57M	USD	2 Qtrs
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-220.00K	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$2.28M	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$-1.29M	USD	2 Qtrs
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$7.69M	USD	2 Qtrs
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$7.09M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$89.39M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$121.98M	USD	2 Qtrs
Purchases of investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$129.56M	USD	2 Qtrs
Purchases of investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$99.07M	USD	2 Qtrs
Funding of draws for tenant improvements and construction	`PaymentsForTenantImprovements`	$291.41M	USD	2 Qtrs
Funding of draws for tenant improvements and construction	`PaymentsForTenantImprovements`	$152.05M	USD	2 Qtrs
Funding of construction loan and other investments	`FundingOfConstructionLoanAndOtherInvestments`	$6.00M	USD	2 Qtrs
Funding of construction loan and other investments	`FundingOfConstructionLoanAndOtherInvestments`	$21.36M	USD	2 Qtrs
Deposits in escrow for acquisitions	`PaymentOfDepositsToEscrowForAcquisition`	$150.00K	USD	2 Qtrs
Deposits in escrow for acquisitions	`PaymentOfDepositsToEscrowForAcquisition`	$600.00K	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$439.88M	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$219.04M	USD	2 Qtrs
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$235.00M	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`	$-426.97M	USD	2 Qtrs
Issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$351.99M	USD	2 Qtrs
Issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$330.90M	USD	Point-in-time
Gross proceeds from issuance of Notes due 2026	`ProceedsFromIssuanceOfUnsecuredDebt`	$300.00M	USD	2 Qtrs
Payment of deferred financing costs from issuance of Notes due 2026	`PaymentsOfFinancingCosts`	$6.48M	USD	2 Qtrs
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$49.10M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$45.83M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$61.39M	USD	2 Qtrs
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$84.34M	USD	2 Qtrs
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$338.00K	USD	Point-in-time
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$676.00K	USD	2 Qtrs
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$676.00K	USD	2 Qtrs
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$338.00K	USD	Point-in-time
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.44M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.38M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$264.53M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$228.07M	USD	2 Qtrs
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$30.31M	USD	2 Qtrs
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-40.46M	USD	2 Qtrs
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.96M	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`	$156.31M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$86.42M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.96M	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`	$156.31M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$86.42M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	$8.88M	USD	2 Qtrs
Cash paid during the period for interest	`InterestPaidNet`	$2.70M	USD	2 Qtrs
Accrual for draws for tenant improvements and construction funding	`AccrualForDrawsForTenantImprovementsAndConstructionFunding`	$60.67M	USD	2 Qtrs
Accrual for draws for tenant improvements and construction funding	`AccrualForDrawsForTenantImprovementsAndConstructionFunding`	$31.21M	USD	2 Qtrs
Deposits applied for acquisitions	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$25.00K	USD	2 Qtrs
Deposits applied for acquisitions	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$200.00K	USD	2 Qtrs
Accrual for common and preferred stock dividends declared	`AccrualForCommonAndPreferredStockDividendsDeclared`	$49.44M	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
Exchange of Exchangeable Senior Notes for common stock	`StockissuedDuringPeriodValueExchangeableSeniorNotes`	$26.66M	USD	2 Qtrs
Operating lease liability for obtaining right of use asset	`OperatingLeaseLiabilityForObtainingRightOfUseAsset`	$1.02M	USD	2 Qtrs

Stockholders Equity 34 line items

Line Item	Tag	Value	Unit	Period
Balances at beginning of period	`StockholdersEquity`	$1.61B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.52B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.98B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.52B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.65B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.52B	USD	Point-in-time
Net income	`NetIncomeLoss`	$40.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$75.26M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$55.27M	USD	2 Qtrs
Issuance of unvested restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-3.38M	USD	2 Qtrs
Issuance of unvested restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-2.44M	USD	2 Qtrs
Exchange of Exchangeable Senior Notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$3.01M	USD	1 Quarter
Exchange of Exchangeable Senior Notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$26.66M	USD	2 Qtrs
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueSaleOfCommonStock`	$351.99M	USD	2 Qtrs
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueSaleOfCommonStock`	$330.88M	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$676.00K	USD	2 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$676.00K	USD	2 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$338.00K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$338.00K	USD	1 Quarter
Common stock dividend	`DividendsCommonStockCash`	$49.10M	USD	1 Quarter
Common stock dividend	`DividendsCommonStockCash`	$94.93M	USD	2 Qtrs
Common stock dividend	`DividendsCommonStockCash`	$65.24M	USD	2 Qtrs
Common stock dividend	`DividendsCommonStockCash`	$33.58M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$4.23M	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$2.13M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$8.82M	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$4.44M	USD	1 Quarter
Balances at end of period	`StockholdersEquity`	$1.61B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.52B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.98B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.52B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.65B	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.