10-Q Filing

INNOVATIVE INDUSTRIAL PROPERTIES INC CIK: 1677576 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001558370-23-017449`
Period End Date	20230930
Filing Date	20231102
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	iipr-20230930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 70 Cash Flow Statement 72 Stockholders Equity 35

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$139.95M	USD	Point-in-time
Land	`Land`	$142.52M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$2.01B	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$2.10B	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$54.11M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$107.77M	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
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$2.35B	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$2.20B	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$186.12M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$138.41M	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$2.07B	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$2.16B	USD	Point-in-time
Construction loan receivable	`ConstructionLoanReceivable`	$18.02M	USD	Point-in-time
Construction loan receivable	`ConstructionLoanReceivable`	$21.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$117.03M	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
Investments	`ShortTermInvestments`	$41.88M	USD	Point-in-time
Investments	`ShortTermInvestments`	$200.94M	USD	Point-in-time
Right of use office lease asset	`OperatingLeaseRightOfUseAsset`	$1.74M	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`	$1.45M	USD	Point-in-time
Common Stock, Par Value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
In-place lease intangible assets, net	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$9.11M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
In-place lease intangible assets, net	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$8.46M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Other assets, net	`OtherAssets`	$30.18M	USD	Point-in-time
Other assets, net	`OtherAssets`	$32.75M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	27.97M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	28.04M	shares	Point-in-time
Total assets	`Assets`	$2.41B	USD	Point-in-time
Total assets	`Assets`	$2.39B	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	28.04M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	27.97M	shares	Point-in-time
Exchangeable Senior Notes, net	`ConvertibleDebt`	$4.42M	USD	Point-in-time
Exchangeable Senior Notes, net	`ConvertibleDebt`	$6.38M	USD	Point-in-time
Notes due 2026, net	`UnsecuredDebt`	$295.12M	USD	Point-in-time
Notes due 2026, net	`UnsecuredDebt`	$296.11M	USD	Point-in-time
Building improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$12.72M	USD	Point-in-time
Building improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$29.38M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$13.63M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$10.62M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$50.84M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$51.08M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$59.12M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$58.72M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$3.67M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$1.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$440.75M	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 September 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 September 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: 28,039,830 and 27,972,830 shares issued and outstanding at September 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: 28,039,830 and 27,972,830 shares issued and outstanding at September 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`	$117.39M	USD	Point-in-time
Dividends in excess of earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$146.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.61B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.98B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.97B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.96B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.95B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.95B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.41B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.39B	USD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$70.34M	USD	1 Quarter
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$228.73M	USD	3 Qtrs
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$77.29M	USD	1 Quarter
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$204.45M	USD	3 Qtrs
Other	`RevenueNotFromContractWithCustomerOther`	$538.00K	USD	1 Quarter
Other	`RevenueNotFromContractWithCustomerOther`	$1.62M	USD	3 Qtrs
Other	`RevenueNotFromContractWithCustomerOther`	$540.00K	USD	1 Quarter
Other	`RevenueNotFromContractWithCustomerOther`	$1.44M	USD	3 Qtrs
Total revenues	`Revenues`	$77.83M	USD	1 Quarter
Total revenues	`Revenues`	$230.35M	USD	3 Qtrs
Total revenues	`Revenues`	$70.88M	USD	1 Quarter
Total revenues	`Revenues`	$205.90M	USD	3 Qtrs
Property expenses	`LeaseCost`	$7.23M	USD	3 Qtrs
Property expenses	`LeaseCost`	$17.70M	USD	3 Qtrs
Property expenses	`LeaseCost`	$6.32M	USD	1 Quarter
Property expenses	`LeaseCost`	$2.82M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$10.80M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$31.92M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$10.98M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$28.29M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$16.68M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$50.10M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$45.00M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$15.90M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$29.53M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$99.72M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$33.98M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$80.52M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$43.85M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$125.38M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$41.36M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$130.63M	USD	3 Qtrs
Interest and other income	`InterestAndOtherIncome`	$6.62M	USD	3 Qtrs
Interest and other income	`InterestAndOtherIncome`	$773.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$2.08M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$1.41M	USD	3 Qtrs
Interest expense	`InterestExpense`	$13.32M	USD	3 Qtrs
Interest expense	`InterestExpense`	$13.78M	USD	3 Qtrs
Interest expense	`InterestExpense`	$4.51M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.33M	USD	1 Quarter
Gain (loss) on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$22.00K	USD	3 Qtrs
Gain (loss) on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$-125.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$112.88M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$41.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$123.95M	USD	3 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.01M	USD	3 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$338.00K	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.01M	USD	3 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$338.00K	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$41.26M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$122.94M	USD	3 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$111.87M	USD	3 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$37.28M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$4.10	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$4.36	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.46	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.33	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$4.06	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$4.32	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.45	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.32	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.97M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.14M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.98M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.94M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.16M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.25M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.50M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.27M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$123.95M	USD	3 Qtrs
Net income	`ProfitLoss`	$112.88M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.68M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$50.10M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$45.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.90M	USD	1 Quarter
Loss (gain) on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$22.00K	USD	3 Qtrs
Loss (gain) on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$-125.00K	USD	3 Qtrs
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-158.00K	USD	3 Qtrs
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-83.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$14.65M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$13.20M	USD	3 Qtrs
Amortization of discounts on investments	`InvestmentIncomeAmortizationOfDiscount`	$1.07M	USD	3 Qtrs
Amortization of discounts on investments	`InvestmentIncomeAmortizationOfDiscount`	$2.89M	USD	3 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.02M	USD	3 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.02M	USD	3 Qtrs
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$2.90M	USD	3 Qtrs
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$6.55M	USD	3 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$5.08M	USD	3 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$5.34M	USD	3 Qtrs
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$8.68M	USD	3 Qtrs
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$404.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$189.46M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$178.78M	USD	3 Qtrs
Purchases of investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$34.91M	USD	3 Qtrs
Purchases of investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$150.09M	USD	3 Qtrs
Funding of draws for improvements and construction	`PaymentsForTenantImprovements`	$316.47M	USD	3 Qtrs
Funding of draws for improvements and construction	`PaymentsForTenantImprovements`	$129.50M	USD	3 Qtrs
Funding of construction loan and other investments	`FundingOfConstructionLoanAndOtherInvestments`	$3.54M	USD	3 Qtrs
Funding of construction loan and other investments	`FundingOfConstructionLoanAndOtherInvestments`	$21.36M	USD	3 Qtrs
Deposits in escrow for acquisitions	`PaymentOfDepositsToEscrowForAcquisition`	$100.00K	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$91.77M	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$278.72M	USD	3 Qtrs
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$365.00M	USD	3 Qtrs
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$253.72M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-401.74M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.00M	USD	3 Qtrs
Issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$351.96M	USD	3 Qtrs
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$50.74M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$133.44M	USD	3 Qtrs
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$50.73M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$151.97M	USD	3 Qtrs
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$338.00K	USD	Point-in-time
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.01M	USD	3 Qtrs
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$338.00K	USD	Point-in-time
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.01M	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$568.00K	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.44M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$215.06M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-153.55M	USD	3 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$29.91M	USD	3 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-7.90M	USD	3 Qtrs
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$118.48M	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, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$78.52M	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`	$118.48M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.57M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$78.52M	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, net of interest capitalized	`InterestPaidNet`	$9.00M	USD	3 Qtrs
Cash paid during the period for interest, net of interest capitalized	`InterestPaidNet`	$8.25M	USD	3 Qtrs
Accrual for current-period additions to real estate	`AccrualForCurrentPeriodAdditionsToRealEstate`	$10.52M	USD	3 Qtrs
Accrual for current-period additions to real estate	`AccrualForCurrentPeriodAdditionsToRealEstate`	$35.20M	USD	3 Qtrs
Deposits applied for acquisitions	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$250.00K	USD	3 Qtrs
Deposits applied for acquisitions	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$25.00K	USD	3 Qtrs
Accrual for common and preferred stock dividends declared	`AccrualForCommonAndPreferredStockDividendsDeclared`	$50.84M	USD	3 Qtrs
Accrual for common and preferred stock dividends declared	`AccrualForCommonAndPreferredStockDividendsDeclared`	$51.08M	USD	3 Qtrs
Exchange of Exchangeable Senior Notes for common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$17.00K	USD	1 Quarter
Exchange of Exchangeable Senior Notes for common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$26.68M	USD	3 Qtrs
Exchange of Exchangeable Senior Notes for common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.96M	USD	3 Qtrs
Operating lease liability for obtaining right of use asset	`OperatingLeaseLiabilityForObtainingRightOfUseAsset`	$1.02M	USD	3 Qtrs

Stockholders Equity 35 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`	$1.98B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.97B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.96B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.95B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.95B	USD	Point-in-time
Net Income (Loss)	`NetIncomeLoss`	$112.88M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$41.59M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$37.62M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$123.95M	USD	3 Qtrs
Issuance of unvested restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-568.00K	USD	3 Qtrs
Issuance of unvested restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-2.44M	USD	3 Qtrs
Exchange of Exchangeable Senior Notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$17.00K	USD	1 Quarter
Exchange of Exchangeable Senior Notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$26.68M	USD	3 Qtrs
Exchange of Exchangeable Senior Notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.96M	USD	3 Qtrs
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$351.96M	USD	3 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$338.00K	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$1.01M	USD	3 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$1.01M	USD	3 Qtrs
Preferred stock dividends	`DividendsPreferredStock`	$338.00K	USD	1 Quarter
Common stock dividends	`DividendsCommonStockCash`	$145.43M	USD	3 Qtrs
Common stock dividends	`DividendsCommonStockCash`	$152.21M	USD	3 Qtrs
Common stock dividends	`DividendsCommonStockCash`	$50.74M	USD	1 Quarter
Common stock dividends	`DividendsCommonStockCash`	$50.50M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$4.38M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$13.20M	USD	3 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$14.65M	USD	3 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$4.93M	USD	1 Quarter
Payment of common stock offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$28.00K	USD	1 Quarter
Balances at end of period	`StockholdersEquity`	$1.61B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.98B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.97B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.96B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.95B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.95B	USD	Point-in-time

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