10-Q Filing

INNOVATIVE INDUSTRIAL PROPERTIES INC CIK: 1677576 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001558370-23-013260`
Period End Date	20230630
Filing Date	20230803
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	iipr-20230630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 71 Cash Flow Statement 71 Stockholders Equity 35

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$142.52M	USD	Point-in-time
Land	`Land`	$139.95M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$2.01B	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$2.08B	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$54.11M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$117.41M	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$2.20B	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$2.34B	USD	Point-in-time
Preferred stock, Par Value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, Par Value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$138.41M	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`	$169.66M	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$2.17B	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$2.07B	USD	Point-in-time
Construction loan receivable	`ConstructionLoanReceivable`	$18.02M	USD	Point-in-time
Construction loan receivable	`ConstructionLoanReceivable`	$20.92M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$92.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.12M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.45M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.45M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	28.04M	shares	Point-in-time
Investments	`ShortTermInvestments`	$200.94M	USD	Point-in-time
Investments	`ShortTermInvestments`	$72.73M	USD	Point-in-time
Common Stock, Par Value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Right of use office lease asset	`OperatingLeaseRightOfUseAsset`	$1.74M	USD	Point-in-time
Right of use office lease asset	`OperatingLeaseRightOfUseAsset`	$1.55M	USD	Point-in-time
Common Stock, Par Value (in dollars 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`	$8.68M	USD	Point-in-time
In-place lease intangible assets, net	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$9.11M	USD	Point-in-time
Other assets, net	`OtherAssets`	$30.18M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	28.04M	shares	Point-in-time
Other assets, net	`OtherAssets`	$26.32M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	27.97M	shares	Point-in-time
Total assets	`Assets`	$2.41B	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	28.04M	shares	Point-in-time
Total assets	`Assets`	$2.40B	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	27.97M	shares	Point-in-time
Exchangeable Senior Notes, net	`ConvertibleDebt`	$4.41M	USD	Point-in-time
Exchangeable Senior Notes, net	`ConvertibleDebt`	$6.38M	USD	Point-in-time
Notes due 2026, net	`UnsecuredDebt`	$295.77M	USD	Point-in-time
Notes due 2026, net	`UnsecuredDebt`	$295.12M	USD	Point-in-time
Building improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$21.48M	USD	Point-in-time
Building improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$29.38M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$8.44M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$10.62M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$51.08M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$50.84M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$58.72M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$58.48M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$3.37M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$1.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$443.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$452.94M	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, 2023 and December 31, 2022	`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, 2023 and December 31, 2022	`PreferredStockValue`	$14.01M	USD	Point-in-time
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 28,040,054 and 27,972,830 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$28.00K	USD	Point-in-time
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 28,040,054 and 27,972,830 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$28.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.08B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.07B	USD	Point-in-time
Dividends in excess of earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$137.17M	USD	Point-in-time
Dividends in excess of earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$117.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.65B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.95B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.96B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.61B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.96B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.98B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.41B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.40B	USD	Point-in-time

Income Statement 71 line items

Line Item	Tag	Value	Unit	Period
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$134.11M	USD	2 Qtrs
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$70.00M	USD	1 Quarter
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$75.92M	USD	1 Quarter
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$151.45M	USD	2 Qtrs
Other	`RevenueNotFromContractWithCustomerOther`	$538.00K	USD	1 Quarter
Other	`RevenueNotFromContractWithCustomerOther`	$906.00K	USD	2 Qtrs
Other	`RevenueNotFromContractWithCustomerOther`	$516.00K	USD	1 Quarter
Other	`RevenueNotFromContractWithCustomerOther`	$1.08M	USD	2 Qtrs
Total revenues	`Revenues`	$152.52M	USD	2 Qtrs
Total revenues	`Revenues`	$76.46M	USD	1 Quarter
Total revenues	`Revenues`	$135.01M	USD	2 Qtrs
Total revenues	`Revenues`	$70.51M	USD	1 Quarter
Property expenses	`LeaseCost`	$2.43M	USD	1 Quarter
Property expenses	`LeaseCost`	$11.38M	USD	2 Qtrs
Property expenses	`LeaseCost`	$5.76M	USD	1 Quarter
Property expenses	`LeaseCost`	$4.41M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$20.94M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$17.48M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$8.71M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$10.57M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$16.70M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$15.23M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$29.10M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$33.42M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$26.37M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$50.99M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$65.74M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$33.03M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$43.42M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$44.14M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$86.78M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$84.02M	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$638.00K	USD	2 Qtrs
Interest and other income	`InterestAndOtherIncome`	$581.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$2.32M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$4.55M	USD	2 Qtrs
Interest expense	`InterestExpense`	$8.99M	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.50M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.47M	USD	1 Quarter
Interest expense	`InterestExpense`	$9.27M	USD	2 Qtrs
(Loss) gain on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$22.00K	USD	2 Qtrs
(Loss) gain on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$-125.00K	USD	2 Qtrs
(Loss) gain on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$-7.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$40.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$75.26M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$82.36M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$41.27M	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
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$338.00K	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$74.59M	USD	2 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$39.88M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$81.69M	USD	2 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$40.93M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.77	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.42	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.45	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.89	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.42	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.87	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.44	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.75	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.74M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.97M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.98M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.85M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.16M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.26M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.04M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.24M	shares	2 Qtrs

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$75.26M	USD	2 Qtrs
Net income	`ProfitLoss`	$82.36M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$29.10M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$33.42M	USD	2 Qtrs
(Gain) loss on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$22.00K	USD	2 Qtrs
(Gain) loss on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$-125.00K	USD	2 Qtrs
(Gain) loss on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$-7.00K	USD	1 Quarter
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-53.00K	USD	2 Qtrs
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-127.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$8.82M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$9.71M	USD	2 Qtrs
Amortization of discounts on short-term investments	`AmortizationOfDiscountsOnShortTermInvestments`	$-513.00K	USD	2 Qtrs
Amortization of discounts on short-term investments	`AmortizationOfDiscountsOnShortTermInvestments`	$-2.62M	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$677.00K	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$689.00K	USD	2 Qtrs
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-3.55M	USD	2 Qtrs
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-2.57M	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$-1.29M	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$-514.00K	USD	2 Qtrs
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$7.09M	USD	2 Qtrs
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$-234.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$126.38M	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`	$34.91M	USD	2 Qtrs
Funding of draws for improvements and construction	`PaymentsForTenantImprovements`	$111.46M	USD	2 Qtrs
Funding of draws for improvements and construction	`PaymentsForTenantImprovements`	$291.41M	USD	2 Qtrs
Funding of construction loan and other investments	`FundingOfConstructionLoanAndOtherInvestments`	$21.36M	USD	2 Qtrs
Funding of construction loan and other investments	`FundingOfConstructionLoanAndOtherInvestments`	$2.90M	USD	2 Qtrs
Deposits in escrow for acquisitions	`PaymentOfDepositsToEscrowForAcquisition`	$600.00K	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$71.77M	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$219.04M	USD	2 Qtrs
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$202.60M	USD	2 Qtrs
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$235.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.43M	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
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$84.34M	USD	2 Qtrs
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$50.73M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$101.23M	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
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$568.00K	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.44M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$264.53M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-102.47M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-40.46M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$5.48M	USD	2 Qtrs
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$86.42M	USD	Point-in-time
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`	$94.05M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.57M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end 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`	$94.05M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.57M	USD	Point-in-time
Cash paid during the period for interest, net of interest capitalized	`InterestPaidNet`	$8.88M	USD	2 Qtrs
Cash paid during the period for interest, net of interest capitalized	`InterestPaidNet`	$8.34M	USD	2 Qtrs
Accrual for current-period additions to real estate	`AccrualForCurrentPeriodAdditionsToRealEstate`	$17.02M	USD	2 Qtrs
Accrual for current-period additions to real estate	`AccrualForCurrentPeriodAdditionsToRealEstate`	$31.21M	USD	2 Qtrs
Deposits applied for acquisitions	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$25.00K	USD	2 Qtrs
Deposits applied for acquisitions	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$250.00K	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`	$51.08M	USD	2 Qtrs
Exchange of Exchangeable Senior Notes for common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$3.01M	USD	1 Quarter
Exchange of Exchangeable Senior Notes for common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$26.66M	USD	2 Qtrs
Exchange of Exchangeable Senior Notes for common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.96M	USD	2 Qtrs
Operating lease liability for obtaining right of use asset	`OperatingLeaseLiabilityForObtainingRightOfUseAsset`	$1.02M	USD	2 Qtrs

Stockholders Equity 35 line items

Line Item	Tag	Value	Unit	Period
Balances at beginning of period	`StockholdersEquity`	$1.65B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.95B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.96B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.61B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.96B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.98B	USD	Point-in-time
Net Income (Loss)	`NetIncomeLoss`	$40.21M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$75.26M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$82.36M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$41.27M	USD	1 Quarter
Issuance of unvested restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-568.00K	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
Exchange of Exchangeable Senior Notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.96M	USD	2 Qtrs
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$351.99M	USD	2 Qtrs
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$330.88M	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$676.00K	USD	2 Qtrs
Preferred stock dividend	`DividendsPreferredStock`	$338.00K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$338.00K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$676.00K	USD	2 Qtrs
Common stock dividend	`DividendsCommonStockCash`	$50.74M	USD	1 Quarter
Common stock dividend	`DividendsCommonStockCash`	$94.93M	USD	2 Qtrs
Common stock dividend	`DividendsCommonStockCash`	$101.47M	USD	2 Qtrs
Common stock dividend	`DividendsCommonStockCash`	$49.10M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$4.88M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$9.71M	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$8.82M	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$4.44M	USD	1 Quarter
Balances at end of period	`StockholdersEquity`	$1.65B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.95B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.96B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.61B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.96B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.98B	USD	Point-in-time

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