10-K Filing

INNOVATIVE INDUSTRIAL PROPERTIES INC CIK: 1677576 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001558370-24-001866`
Period End Date	20231231
Filing Date	20240227
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	iipr-20231231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 54 Cash Flow Statement 124 Stockholders Equity 29

Balance Sheet 72 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`	$2.11B	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$2.01B	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$117.77M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$54.11M	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$2.20B	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`	$2.37B	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
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$202.69M	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
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`	$22.00M	USD	Point-in-time
Construction loan receivable	`ConstructionLoanReceivable`	$18.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$140.25M	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`	$21.95M	USD	Point-in-time
Investments	`ShortTermInvestments`	$200.94M	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`	$1.35M	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
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`	$9.11M	USD	Point-in-time
In-place lease intangible assets, net	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$8.24M	USD	Point-in-time
Other assets, net	`OtherAssets`	$30.18M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	28.14M	shares	Point-in-time
Other assets, net	`OtherAssets`	$30.02M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	27.97M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	28.14M	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`	27.97M	shares	Point-in-time
Exchangeable Senior Notes, net	`ConvertibleDebt`	$4.43M	USD	Point-in-time
Exchangeable Senior Notes, net	`ConvertibleDebt`	$6.38M	USD	Point-in-time
Notes due 2026, net	`UnsecuredDebt`	$296.45M	USD	Point-in-time
Notes due 2026, net	`UnsecuredDebt`	$295.12M	USD	Point-in-time
Building improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$9.59M	USD	Point-in-time
Building improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$29.38M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$11.41M	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`	$51.83M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$59.36M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$58.72M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$1.90M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$5.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$452.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$438.12M	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, 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 December 31, 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: 28,140,891 and 27,972,830 shares issued and outstanding at December 31, 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: 28,140,891 and 27,972,830 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$28.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.07B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.10B	USD	Point-in-time
Dividends in excess of earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$156.85M	USD	Point-in-time
Dividends in excess of earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$117.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.95B	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`	$1.96B	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 54 line items

Line Item	Tag	Value	Unit	Period
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$307.35M	USD	Annual
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$204.55M	USD	Annual
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$274.38M	USD	Annual
Other	`RevenueNotFromContractWithCustomerOther`	$1.98M	USD	Annual
Other	`RevenueNotFromContractWithCustomerOther`	$2.16M	USD	Annual
Total revenues	`Revenues`	$276.36M	USD	Annual
Total revenues	`Revenues`	$309.51M	USD	Annual
Total revenues	`Revenues`	$204.55M	USD	Annual
Property expenses	`LeaseCost`	$24.89M	USD	Annual
Property expenses	`LeaseCost`	$10.52M	USD	Annual
Property expenses	`LeaseCost`	$4.44M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$42.83M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$22.96M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$38.52M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$67.19M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$41.78M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$61.30M	USD	Annual
Total expenses	`OperatingExpenses`	$110.34M	USD	Annual
Total expenses	`OperatingExpenses`	$134.92M	USD	Annual
Total expenses	`OperatingExpenses`	$69.18M	USD	Annual
Gain on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$3.60M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$135.37M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$169.62M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$174.59M	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$3.19M	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$397.00K	USD	Annual
Interest and other income	`InterestAndOtherIncome`	$8.45M	USD	Annual
Interest expense	`InterestExpense`	$18.09M	USD	Annual
Interest expense	`InterestExpense`	$18.30M	USD	Annual
Interest expense	`InterestExpense`	$17.47M	USD	Annual
Gain (loss) on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$-125.00K	USD	Annual
Gain (loss) on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$22.00K	USD	Annual
Gain (loss) on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$-3.69M	USD	Annual
Net income	`NetIncomeLoss`	$154.39M	USD	Annual
Net income	`NetIncomeLoss`	$165.59M	USD	Annual
Net income	`NetIncomeLoss`	$113.99M	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`	$153.03M	USD	Annual
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$164.24M	USD	Annual
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$112.64M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$4.69	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$5.82	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$5.57	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$5.52	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$4.55	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$5.77	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.35M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	23.90M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.98M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.26M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.66M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.26M	shares	Annual

Cash Flow Statement 124 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$113.99M	USD	Annual
Net income	`ProfitLoss`	$154.39M	USD	Annual
Net income	`ProfitLoss`	$165.59M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$67.19M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$41.78M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$61.30M	USD	Annual
Loss (gain) on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$-125.00K	USD	Annual
Loss (gain) on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$22.00K	USD	Annual
Loss (gain) on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$-3.69M	USD	Annual
Gain on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$3.60M	USD	Annual
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-95.00K	USD	Annual
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-185.00K	USD	Annual
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-111.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$8.62M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$19.58M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$17.51M	USD	Annual
Amortization of discounts on investments	`InvestmentIncomeAmortizationOfDiscount`	$3.20M	USD	Annual
Amortization of discounts on investments	`InvestmentIncomeAmortizationOfDiscount`	$340.00K	USD	Annual
Amortization of discounts on investments	`InvestmentIncomeAmortizationOfDiscount`	$2.25M	USD	Annual
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.37M	USD	Annual
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$2.85M	USD	Annual
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.35M	USD	Annual
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$3.51M	USD	Annual
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$3.69M	USD	Annual
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-352.00K	USD	Annual
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$3.10M	USD	Annual
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$3.92M	USD	Annual
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$2.72M	USD	Annual
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$642.00K	USD	Annual
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$18.65M	USD	Annual
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$5.91M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$255.54M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$188.75M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$234.13M	USD	Annual
Purchases of investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$34.91M	USD	Annual
Purchases of investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$150.09M	USD	Annual
Purchases of investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$287.58M	USD	Annual
Proceeds from sale of real estate asset	`ProceedsFromSaleOfRealEstateHeldforinvestment`	$23.50M	USD	Annual
Funding of draws for improvements and construction	`PaymentsForTenantImprovements`	$374.54M	USD	Annual
Funding of draws for improvements and construction	`PaymentsForTenantImprovements`	$150.09M	USD	Annual
Funding of draws for improvements and construction	`PaymentsForTenantImprovements`	$373.88M	USD	Annual
Funding of construction loan and other investments	`FundingOfConstructionLoanAndOtherInvestments`	$21.68M	USD	Annual
Funding of construction loan and other investments	`FundingOfConstructionLoanAndOtherInvestments`	$3.98M	USD	Annual
Funding of construction loan and other investments	`FundingOfConstructionLoanAndOtherInvestments`	$16.07M	USD	Annual
Deposits in escrow for acquisitions	`PaymentOfDepositsToEscrowForAcquisition`	$625.00K	USD	Annual
Deposits in escrow for acquisitions	`PaymentOfDepositsToEscrowForAcquisition`	$250.00K	USD	Annual
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$569.77M	USD	Annual
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$111.87M	USD	Annual
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$388.80M	USD	Annual
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$515.00M	USD	Annual
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$864.50M	USD	Annual
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$294.06M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-396.20M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-384.09M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.79M	USD	Annual
Issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$351.96M	USD	Annual
Issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$9.56M	USD	Annual
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	Annual
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$561.00K	USD	Annual
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$6.86M	USD	Annual
Payment of inducement and transaction costs relating to inducement of the Exchangeable Senior Notes	`PaymentOfInducementAndTransactionCostsRelatingToInducementOfDebt`	$1.70M	USD	Annual
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$35.98M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$33.58M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$50.50M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$45.83M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$130.95M	USD	Annual
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$183.94M	USD	Annual
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$31.66M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$202.71M	USD	Annual
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$50.74M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$50.74M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$49.10M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$50.73M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$38.51M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$50.50M	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`	$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`	$3.38M	USD	Annual
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.44M	USD	Annual
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$568.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-195.63M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$164.22M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$155.76M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$53.13M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-39.59M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$2.15M	USD	Annual
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.57M	USD	Point-in-time
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`	$126.01M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$141.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.57M	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`	$126.01M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$141.70M	USD	Point-in-time
Cash paid during the year for interest, net of interest capitalized	`InterestPaidNet`	$16.12M	USD	Annual
Cash paid during the year for interest, net of interest capitalized	`InterestPaidNet`	$17.25M	USD	Annual
Cash paid during the year for interest, net of interest capitalized	`InterestPaidNet`	$14.38M	USD	Annual
Accrual for current-period additions to real estate	`AccrualForCurrentPeriodAdditionsToRealEstate`	$8.38M	USD	Annual
Accrual for current-period additions to real estate	`AccrualForCurrentPeriodAdditionsToRealEstate`	$46.27M	USD	Annual
Accrual for current-period additions to real estate	`AccrualForCurrentPeriodAdditionsToRealEstate`	$29.38M	USD	Annual
Deposits applied for acquisitions	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$200.00K	USD	Annual
Deposits applied for acquisitions	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$250.00K	USD	Annual
Deposits applied for acquisitions	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$25.00K	USD	Annual
Accrual for common and preferred stock dividends declared	`AccrualForCommonAndPreferredStockDividendsDeclared`	$50.84M	USD	Annual
Accrual for common and preferred stock dividends declared	`AccrualForCommonAndPreferredStockDividendsDeclared`	$38.85M	USD	Annual
Accrual for common and preferred stock dividends declared	`AccrualForCommonAndPreferredStockDividendsDeclared`	$51.83M	USD	Annual
Exchange of Exchangeable Senior Notes for common stock	`ExchangeOfExchangeableSeniorNotesForCommonStock`	$2.00M	USD	Annual
Exchange of Exchangeable Senior Notes for common stock	`ExchangeOfExchangeableSeniorNotesForCommonStock`	$26.68M	USD	Annual
Exchange of Exchangeable Senior Notes for common stock	`ExchangeOfExchangeableSeniorNotesForCommonStock`	$109.04M	USD	Annual
Operating lease liability for obtaining right of use asset	`OperatingLeaseLiabilityForObtainingRightOfUseAsset`	$1.02M	USD	Annual
Operating lease liability for obtaining right of use asset	`OperatingLeaseLiabilityForObtainingRightOfUseAsset`	$192.00K	USD	Annual

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Balances at beginning of period	`StockholdersEquity`	$1.95B	USD	Point-in-time
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`	$1.96B	USD	Point-in-time
Net Income (Loss)	`NetIncomeLoss`	$154.39M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$165.59M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$113.99M	USD	Annual
Issuance of common stock in conjunction with inducement of Exchangeable Senior Notes, net	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$108.59M	USD	Annual
Exchange of Exchangeable Senior Notes	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$26.68M	USD	Annual
Exchange of Exchangeable Senior Notes	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$1.96M	USD	Annual
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$351.96M	USD	Annual
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$9.56M	USD	Annual
Net proceeds from sale of common stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	1.82M	shares	Point-in-time
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`	$195.94M	USD	Annual
Common stock dividend	`DividendsCommonStockCash`	$139.74M	USD	Annual
Common stock dividend	`DividendsCommonStockCash`	$203.70M	USD	Annual
Issuance of unvested restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-2.44M	USD	Annual
Issuance of unvested restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-568.00K	USD	Annual
Issuance of unvested restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-3.38M	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$17.51M	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$8.62M	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$19.58M	USD	Annual
Balances at end of period	`StockholdersEquity`	$1.95B	USD	Point-in-time
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`	$1.96B	USD	Point-in-time

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