10-Q Filing

INNOVATIVE INDUSTRIAL PROPERTIES INC CIK: 1677576 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001558370-24-007612`
Period End Date	20240331
Filing Date	20240509
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	iipr-20240331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 140 Income Statement 70 Cash Flow Statement 124 Stockholders Equity 40

Balance Sheet 140 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$142.52M	USD	Point-in-time
Land	`Land`	$142.52M	USD	Point-in-time
Land	`Land`	$142.52M	USD	Point-in-time
Land	`Land`	$142.52M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$2.11B	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$2.11B	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$2.12B	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$2.12B	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$117.77M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$117.77M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$123.91M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$123.91M	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`	$2.39B	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$2.39B	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`	$2.37B	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$2.37B	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$202.69M	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
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$219.63M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$219.63M	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`	$2.17B	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$2.17B	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$2.17B	USD	Point-in-time
Construction loan receivable	`ConstructionLoanReceivable`	$22.00M	USD	Point-in-time
Construction loan receivable	`ConstructionLoanReceivable`	$22.00M	USD	Point-in-time
Construction loan receivable	`ConstructionLoanReceivable`	$22.00M	USD	Point-in-time
Construction loan receivable	`ConstructionLoanReceivable`	$22.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$140.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$140.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$153.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$153.50M	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`	$21.95M	USD	Point-in-time
Investments	`ShortTermInvestments`	$20.03M	USD	Point-in-time
Investments	`ShortTermInvestments`	$20.03M	USD	Point-in-time
Right of use office lease asset	`OperatingLeaseRightOfUseAsset`	$1.25M	USD	Point-in-time
Right of use office lease asset	`OperatingLeaseRightOfUseAsset`	$1.25M	USD	Point-in-time
Common Stock, Par Value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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
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
Common Stock, Par Value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
In-place lease intangible assets, net	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$8.24M	USD	Point-in-time
In-place lease intangible assets, net	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$8.24M	USD	Point-in-time
In-place lease intangible assets, net	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$8.03M	USD	Point-in-time
In-place lease intangible assets, net	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$8.03M	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 Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Other assets, net	`OtherAssets`	$30.02M	USD	Point-in-time
Other assets, net	`OtherAssets`	$30.02M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	28.33M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	28.33M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	28.14M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	28.14M	shares	Point-in-time
Other assets, net	`OtherAssets`	$28.33M	USD	Point-in-time
Other assets, net	`OtherAssets`	$28.33M	USD	Point-in-time
Total assets	`Assets`	$2.40B	USD	Point-in-time
Total assets	`Assets`	$2.40B	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	28.14M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	28.14M	shares	Point-in-time
Total assets	`Assets`	$2.39B	USD	Point-in-time
Total assets	`Assets`	$2.39B	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	28.33M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	28.33M	shares	Point-in-time
Exchangeable Senior Notes, net	`ConvertibleDebt`	$4.43M	USD	Point-in-time
Exchangeable Senior Notes, net	`ConvertibleDebt`	$4.43M	USD	Point-in-time
Notes due 2026, net	`UnsecuredDebt`	$296.45M	USD	Point-in-time
Notes due 2026, net	`UnsecuredDebt`	$296.45M	USD	Point-in-time
Notes due 2026, net	`UnsecuredDebt`	$296.80M	USD	Point-in-time
Notes due 2026, net	`UnsecuredDebt`	$296.80M	USD	Point-in-time
Building improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$10.45M	USD	Point-in-time
Building improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$10.45M	USD	Point-in-time
Building improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$9.59M	USD	Point-in-time
Building improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$9.59M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$11.41M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$11.41M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$12.16M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$12.16M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$52.30M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$52.30M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$51.83M	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`	$59.36M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$60.15M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$60.15M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$12.24M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$12.24M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$5.06M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$5.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$444.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$444.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$438.12M	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
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 March 31, 2024 and December 31, 2023	`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 March 31, 2024 and December 31, 2023	`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 March 31, 2024 and December 31, 2023	`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 March 31, 2024 and December 31, 2023	`PreferredStockValue`	$14.01M	USD	Point-in-time
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 28,328,647 and 28,140,891 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	`CommonStockValue`	$28.00K	USD	Point-in-time
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 28,328,647 and 28,140,891 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	`CommonStockValue`	$28.00K	USD	Point-in-time
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 28,328,647 and 28,140,891 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	`CommonStockValue`	$28.00K	USD	Point-in-time
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 28,328,647 and 28,140,891 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	`CommonStockValue`	$28.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.11B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.11B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.10B	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`	$156.85M	USD	Point-in-time
Dividends in excess of earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$169.72M	USD	Point-in-time
Dividends in excess of earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$169.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.96B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.96B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.96B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.96B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.96B	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`	$2.40B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.40B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.39B	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`	$75.53M	USD	1 Quarter
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$75.53M	USD	1 Quarter
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$74.91M	USD	1 Quarter
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$74.91M	USD	1 Quarter
Other	`RevenueNotFromContractWithCustomerOther`	$538.00K	USD	1 Quarter
Other	`RevenueNotFromContractWithCustomerOther`	$538.00K	USD	1 Quarter
Other	`RevenueNotFromContractWithCustomerOther`	$540.00K	USD	1 Quarter
Other	`RevenueNotFromContractWithCustomerOther`	$540.00K	USD	1 Quarter
Total revenues	`Revenues`	$75.45M	USD	1 Quarter
Total revenues	`Revenues`	$75.45M	USD	1 Quarter
Total revenues	`Revenues`	$76.07M	USD	1 Quarter
Total revenues	`Revenues`	$76.07M	USD	1 Quarter
Property expenses	`LeaseCost`	$6.71M	USD	1 Quarter
Property expenses	`LeaseCost`	$6.71M	USD	1 Quarter
Property expenses	`LeaseCost`	$5.62M	USD	1 Quarter
Property expenses	`LeaseCost`	$5.62M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$9.56M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$9.56M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$10.37M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$10.37M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$17.15M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$17.15M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$16.71M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$16.71M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$33.42M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$33.42M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$32.71M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$32.71M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$42.03M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$42.03M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$43.36M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$43.36M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.23M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.23M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.78M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.78M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.39M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.39M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.52M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.52M	USD	1 Quarter
Gain (loss) on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$22.00K	USD	1 Quarter
Gain (loss) on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$22.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.43M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$338.00K	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$338.00K	USD	1 Quarter
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`	$39.09M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$39.09M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$40.75M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$40.75M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.45	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.45	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.37	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.37	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.43	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.43	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.36	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.36	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28.15M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28.15M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.95M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.95M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.46M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.46M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.22M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.22M	shares	1 Quarter

Cash Flow Statement 124 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$39.43M	USD	1 Quarter
Net income	`ProfitLoss`	$39.43M	USD	1 Quarter
Net income	`ProfitLoss`	$41.09M	USD	1 Quarter
Net income	`ProfitLoss`	$41.09M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.71M	USD	1 Quarter
Loss (gain) on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$22.00K	USD	1 Quarter
Loss (gain) on exchange of Exchangeable Senior Notes	`GainLossOnExchangeOfExchangeableSeniorNotes`	$22.00K	USD	1 Quarter
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-28.00K	USD	1 Quarter
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-28.00K	USD	1 Quarter
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-26.00K	USD	1 Quarter
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-26.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.32M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.32M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.83M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.83M	USD	1 Quarter
Amortization of discounts on investments	`InvestmentIncomeAmortizationOfDiscount`	$1.68M	USD	1 Quarter
Amortization of discounts on investments	`InvestmentIncomeAmortizationOfDiscount`	$1.68M	USD	1 Quarter
Amortization of discounts on investments	`InvestmentIncomeAmortizationOfDiscount`	$188.00K	USD	1 Quarter
Amortization of discounts on investments	`InvestmentIncomeAmortizationOfDiscount`	$188.00K	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$406.00K	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$406.00K	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$338.00K	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$338.00K	USD	1 Quarter
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-1.36M	USD	1 Quarter
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-1.36M	USD	1 Quarter
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-1.76M	USD	1 Quarter
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-1.76M	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$7.87M	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$7.87M	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$2.01M	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$2.01M	USD	1 Quarter
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$793.00K	USD	1 Quarter
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$793.00K	USD	1 Quarter
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$-53.00K	USD	1 Quarter
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$-53.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$64.62M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$64.62M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$71.57M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$71.57M	USD	1 Quarter
Purchases of investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$34.91M	USD	1 Quarter
Purchases of investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$34.91M	USD	1 Quarter
Funding of draws for improvements and construction	`PaymentsForTenantImprovements`	$16.50M	USD	1 Quarter
Funding of draws for improvements and construction	`PaymentsForTenantImprovements`	$16.50M	USD	1 Quarter
Funding of draws for improvements and construction	`PaymentsForTenantImprovements`	$66.03M	USD	1 Quarter
Funding of draws for improvements and construction	`PaymentsForTenantImprovements`	$66.03M	USD	1 Quarter
Funding of construction loan and other investments	`FundingOfConstructionLoanAndOtherInvestments`	$386.00K	USD	1 Quarter
Funding of construction loan and other investments	`FundingOfConstructionLoanAndOtherInvestments`	$386.00K	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$51.77M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$51.77M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$20.03M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$20.03M	USD	1 Quarter
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$90.41M	USD	1 Quarter
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$90.41M	USD	1 Quarter
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$22.14M	USD	1 Quarter
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$22.14M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.39M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.39M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-62.68M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-62.68M	USD	1 Quarter
Issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$11.76M	USD	1 Quarter
Issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$11.76M	USD	1 Quarter
Principal payment on Exchangeable Senior Notes	`RepaymentsOfConvertibleDebt`	$4.44M	USD	1 Quarter
Principal payment on Exchangeable Senior Notes	`RepaymentsOfConvertibleDebt`	$4.44M	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$112.00K	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$112.00K	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$51.96M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$51.96M	USD	Point-in-time
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$51.49M	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$51.49M	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$50.50M	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$50.50M	USD	1 Quarter
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	1 Quarter
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$338.00K	USD	1 Quarter
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$338.00K	USD	1 Quarter
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$338.00K	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$568.00K	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$568.00K	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$750.00K	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$750.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-45.37M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-45.37M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-51.41M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-51.41M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-49.47M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-49.47M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$11.80M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$11.80M	USD	1 Quarter
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`	$88.57M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$153.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$153.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$39.10M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$39.10M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$141.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$141.70M	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`	$88.57M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$153.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$153.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$39.10M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$39.10M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$141.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$141.70M	USD	Point-in-time
Cash paid during the year for interest, net of interest capitalized	`InterestPaidNet`	$121.00K	USD	1 Quarter
Cash paid during the year for interest, net of interest capitalized	`InterestPaidNet`	$121.00K	USD	1 Quarter
Cash paid during the year for interest, net of interest capitalized	`InterestPaidNet`	$71.00K	USD	1 Quarter
Cash paid during the year for interest, net of interest capitalized	`InterestPaidNet`	$71.00K	USD	1 Quarter
Accrual for current-period additions to real estate	`AccrualForCurrentPeriodAdditionsToRealEstate`	$8.98M	USD	1 Quarter
Accrual for current-period additions to real estate	`AccrualForCurrentPeriodAdditionsToRealEstate`	$8.98M	USD	1 Quarter
Accrual for current-period additions to real estate	`AccrualForCurrentPeriodAdditionsToRealEstate`	$20.26M	USD	1 Quarter
Accrual for current-period additions to real estate	`AccrualForCurrentPeriodAdditionsToRealEstate`	$20.26M	USD	1 Quarter
Deposits applied for acquisitions	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$250.00K	USD	1 Quarter
Deposits applied for acquisitions	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$250.00K	USD	1 Quarter
Accrual for common and preferred stock dividends declared	`AccrualForCommonAndPreferredStockDividendsDeclared`	$51.06M	USD	1 Quarter
Accrual for common and preferred stock dividends declared	`AccrualForCommonAndPreferredStockDividendsDeclared`	$51.06M	USD	1 Quarter
Accrual for common and preferred stock dividends declared	`AccrualForCommonAndPreferredStockDividendsDeclared`	$52.30M	USD	1 Quarter
Accrual for common and preferred stock dividends declared	`AccrualForCommonAndPreferredStockDividendsDeclared`	$52.30M	USD	1 Quarter
Exchange of Exchangeable Senior Notes for common stock	`ExchangeOfExchangeableSeniorNotesForCommonStock`	$1.96M	USD	1 Quarter
Exchange of Exchangeable Senior Notes for common stock	`ExchangeOfExchangeableSeniorNotesForCommonStock`	$1.96M	USD	1 Quarter

Stockholders Equity 40 line items

Line Item	Tag	Value	Unit	Period
Balances at beginning of period	`StockholdersEquity`	$1.96B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.96B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.96B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.96B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.96B	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`	$41.09M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$41.09M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$39.43M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$39.43M	USD	1 Quarter
Issuance of unvested restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-568.00K	USD	1 Quarter
Issuance of unvested restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-568.00K	USD	1 Quarter
Issuance of unvested restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-750.00K	USD	1 Quarter
Issuance of unvested restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-750.00K	USD	1 Quarter
Exchange of Exchangeable Senior Notes	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$1.96M	USD	1 Quarter
Exchange of Exchangeable Senior Notes	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$1.96M	USD	1 Quarter
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$11.76M	USD	1 Quarter
Net proceeds from sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$11.76M	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$338.00K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$338.00K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$338.00K	USD	1 Quarter
Preferred stock dividend	`DividendsPreferredStock`	$338.00K	USD	1 Quarter
Common stock dividend	`DividendsCommonStockCash`	$51.96M	USD	1 Quarter
Common stock dividend	`DividendsCommonStockCash`	$51.96M	USD	1 Quarter
Common stock dividend	`DividendsCommonStockCash`	$50.73M	USD	1 Quarter
Common stock dividend	`DividendsCommonStockCash`	$50.73M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$4.83M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$4.83M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$4.32M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$4.32M	USD	1 Quarter
Balances at end of period	`StockholdersEquity`	$1.96B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.96B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.96B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.96B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.96B	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.