10-Q Filing

INNOVATIVE INDUSTRIAL PROPERTIES INC CIK: 1677576 Q1 2025

Filing Information

Form Type	10-Q
Accession Number	`0001628280-25-023920`
Period End Date	20250331
Filing Date	20250508
Fiscal Year	2025
Fiscal Period	Q1
XBRL Instance	iipr-20250331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 136 Income Statement 72 Cash Flow Statement 136 Stockholders Equity 48

Balance Sheet 136 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$147.38M	USD	Point-in-time
Land	`Land`	$147.38M	USD	Point-in-time
Land	`Land`	$146.77M	USD	Point-in-time
Land	`Land`	$146.77M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$2.24B	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$2.24B	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$2.23B	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$2.23B	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$60.49M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$60.49M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$62.39M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$62.39M	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$2.44B	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$2.44B	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`	$2.45B	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$2.45B	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
Preferred Stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred Stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$271.19M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$271.19M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$289.37M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$289.37M	USD	Point-in-time
Preferred Stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred Stock, shares authorized (in shares)	`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`	$2.16B	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$2.16B	USD	Point-in-time
Construction loan receivable	`ConstructionLoanReceivable`	$22.80M	USD	Point-in-time
Construction loan receivable	`ConstructionLoanReceivable`	$22.80M	USD	Point-in-time
Construction loan receivable	`ConstructionLoanReceivable`	$22.80M	USD	Point-in-time
Construction loan receivable	`ConstructionLoanReceivable`	$22.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$146.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$146.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$128.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$128.01M	USD	Point-in-time
Investments	`ShortTermInvestments`	$5.26M	USD	Point-in-time
Investments	`ShortTermInvestments`	$5.26M	USD	Point-in-time
Investments	`ShortTermInvestments`	$5.00M	USD	Point-in-time
Investments	`ShortTermInvestments`	$5.00M	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
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`	$946.00K	USD	Point-in-time
Right of use office lease asset	`OperatingLeaseRightOfUseAsset`	$946.00K	USD	Point-in-time
Right of use office lease asset	`OperatingLeaseRightOfUseAsset`	$839.00K	USD	Point-in-time
Right of use office lease asset	`OperatingLeaseRightOfUseAsset`	$839.00K	USD	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
In-place lease intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$7.38M	USD	Point-in-time
In-place lease intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$7.38M	USD	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
In-place lease intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$7.17M	USD	Point-in-time
In-place lease intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$7.17M	USD	Point-in-time
Common Stock, shares issued (in shares)	`CommonStockSharesIssued`	28.33M	shares	Point-in-time
Common Stock, shares issued (in shares)	`CommonStockSharesIssued`	28.33M	shares	Point-in-time
Other assets, net	`OtherAssets`	$26.89M	USD	Point-in-time
Other assets, net	`OtherAssets`	$26.89M	USD	Point-in-time
Other assets, net	`OtherAssets`	$25.84M	USD	Point-in-time
Other assets, net	`OtherAssets`	$25.84M	USD	Point-in-time
Common Stock, shares issued (in shares)	`CommonStockSharesIssued`	28.38M	shares	Point-in-time
Common Stock, shares issued (in shares)	`CommonStockSharesIssued`	28.38M	shares	Point-in-time
Common Stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	28.38M	shares	Point-in-time
Common Stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	28.38M	shares	Point-in-time
Total assets	`Assets`	$2.38B	USD	Point-in-time
Total assets	`Assets`	$2.38B	USD	Point-in-time
Total assets	`Assets`	$2.35B	USD	Point-in-time
Total assets	`Assets`	$2.35B	USD	Point-in-time
Common Stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	28.33M	shares	Point-in-time
Common Stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	28.33M	shares	Point-in-time
Notes due 2026, net	`UnsecuredDebt`	$289.50M	USD	Point-in-time
Notes due 2026, net	`UnsecuredDebt`	$289.50M	USD	Point-in-time
Notes due 2026, net	`UnsecuredDebt`	$297.87M	USD	Point-in-time
Notes due 2026, net	`UnsecuredDebt`	$297.87M	USD	Point-in-time
Building improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$10.23M	USD	Point-in-time
Building improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$10.23M	USD	Point-in-time
Building improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$9.01M	USD	Point-in-time
Building improvements and construction funding payable	`TenantImprovementsAndConstructionPayable`	$9.01M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$12.42M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$12.42M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$10.56M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$10.56M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$55.24M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$55.24M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$54.82M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$54.82M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$57.18M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$57.18M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$53.40M	USD	Point-in-time
Rent received in advance and tenant security deposits	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$53.40M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$11.34M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$11.34M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$10.85M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$10.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$441.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$441.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$430.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$430.42M	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, liquidation preference of $25.00 per share, 1,387,820 and 1,002,673 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	`PreferredStockValue`	$32.82M	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, liquidation preference of $25.00 per share, 1,387,820 and 1,002,673 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	`PreferredStockValue`	$32.82M	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, liquidation preference of $25.00 per share, 1,387,820 and 1,002,673 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	`PreferredStockValue`	$23.63M	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, liquidation preference of $25.00 per share, 1,387,820 and 1,002,673 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	`PreferredStockValue`	$23.63M	USD	Point-in-time
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 28,378,181 and 28,331,833 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	`CommonStockValue`	$28.00K	USD	Point-in-time
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 28,378,181 and 28,331,833 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	`CommonStockValue`	$28.00K	USD	Point-in-time
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 28,378,181 and 28,331,833 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	`CommonStockValue`	$28.00K	USD	Point-in-time
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 28,378,181 and 28,331,833 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	`CommonStockValue`	$28.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.13B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.13B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.12B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.12B	USD	Point-in-time
Dividends in excess of earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$211.71M	USD	Point-in-time
Dividends in excess of earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$211.71M	USD	Point-in-time
Dividends in excess of earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$235.79M	USD	Point-in-time
Dividends in excess of earnings	`AccumulatedDistributionsInExcessOfNetIncome`	$235.79M	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 stockholders equity	`StockholdersEquity`	$1.92B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.92B	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`	$1.94B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.94B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.35B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.35B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.38B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.38B	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$71.70M	USD	1 Quarter
Rental (including tenant reimbursements)	`OperatingLeaseLeaseIncome`	$71.70M	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`	$25.00K	USD	1 Quarter
Other	`RevenueNotFromContractWithCustomerOther`	$25.00K	USD	1 Quarter
Other	`RevenueNotFromContractWithCustomerOther`	$540.00K	USD	1 Quarter
Other	`RevenueNotFromContractWithCustomerOther`	$540.00K	USD	1 Quarter
Total revenues	`Revenues`	$71.72M	USD	1 Quarter
Total revenues	`Revenues`	$71.72M	USD	1 Quarter
Total revenues	`Revenues`	$75.45M	USD	1 Quarter
Total revenues	`Revenues`	$75.45M	USD	1 Quarter
Property expenses	`LeaseCost`	$6.71M	USD	1 Quarter
Property expenses	`LeaseCost`	$6.71M	USD	1 Quarter
Property expenses	`LeaseCost`	$7.38M	USD	1 Quarter
Property expenses	`LeaseCost`	$7.38M	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`	$8.46M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$8.46M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$18.39M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$18.39M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$17.15M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$17.15M	USD	1 Quarter
Impairment loss on real estate	`ImpairmentOfRealEstate`	$3.53M	USD	1 Quarter
Impairment loss on real estate	`ImpairmentOfRealEstate`	$3.53M	USD	1 Quarter
Impairment loss on real estate	`ImpairmentOfRealEstate`	-	USD	1 Quarter
Impairment loss on real estate	`ImpairmentOfRealEstate`	-	USD	1 Quarter
Total expenses	`OperatingExpenses`	$33.42M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$33.42M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$37.76M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$37.76M	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`	$33.96M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$33.96M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.61M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.61M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.78M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.78M	USD	1 Quarter
Interest expense	`InterestExpenseNonoperating`	$4.50M	USD	1 Quarter
Interest expense	`InterestExpenseNonoperating`	$4.50M	USD	1 Quarter
Interest expense	`InterestExpenseNonoperating`	$4.39M	USD	1 Quarter
Interest expense	`InterestExpenseNonoperating`	$4.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.08M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.08M	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`	$781.00K	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$781.00K	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`	$30.30M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$30.30M	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
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.05	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.05	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
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.03	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.03	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`	28.28M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28.28M	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`	28.59M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.59M	shares	1 Quarter

Cash Flow Statement 136 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$31.08M	USD	1 Quarter
Net income	`ProfitLoss`	$31.08M	USD	1 Quarter
Net income	`ProfitLoss`	$39.43M	USD	1 Quarter
Net income	`ProfitLoss`	$39.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.39M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.39M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.15M	USD	1 Quarter
Impairment loss on real estate	`ImpairmentOfRealEstate`	$3.53M	USD	1 Quarter
Impairment loss on real estate	`ImpairmentOfRealEstate`	$3.53M	USD	1 Quarter
Impairment loss on real estate	`ImpairmentOfRealEstate`	-	USD	1 Quarter
Impairment loss on real estate	`ImpairmentOfRealEstate`	-	USD	1 Quarter
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$11.00K	USD	1 Quarter
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$11.00K	USD	1 Quarter
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-28.00K	USD	1 Quarter
Other non-cash adjustments	`OtherNoncashIncomeExpense`	$-28.00K	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`	$2.08M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.08M	USD	1 Quarter
Amortization of discounts on investments	`InvestmentIncomeAmortizationOfDiscount`	-	USD	1 Quarter
Amortization of discounts on investments	`InvestmentIncomeAmortizationOfDiscount`	-	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`	$470.00K	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$470.00K	USD	1 Quarter
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-1.76M	USD	1 Quarter
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-1.76M	USD	1 Quarter
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-906.00K	USD	1 Quarter
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-906.00K	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$1.58M	USD	1 Quarter
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAccruedLiabilitiesAndOtherLiabilities`	$1.58M	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
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`	$-3.77M	USD	1 Quarter
Rent received in advance and tenant security deposits	`IncreaseDecreaseInRentsReceivedInAdvanceAndTenantSecurityDeposit`	$-3.77M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$54.24M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$54.24M	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
Investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$7.86M	USD	1 Quarter
Investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	$7.86M	USD	1 Quarter
Investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	-	USD	1 Quarter
Investments in real estate	`PaymentsToAcquireRealEstateHeldForInvestment`	-	USD	1 Quarter
Funding of draws for improvements and construction	`PaymentsForTenantImprovements`	$9.04M	USD	1 Quarter
Funding of draws for improvements and construction	`PaymentsForTenantImprovements`	$9.04M	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
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$20.03M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$20.03M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$5.26M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$5.26M	USD	1 Quarter
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$5.00M	USD	1 Quarter
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$5.00M	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`	$-17.16M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.16M	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
Issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$290.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$290.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Issuance of preferred stock, net of offering costs	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	1 Quarter
Issuance of preferred stock, net of offering costs	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	1 Quarter
Issuance of preferred stock, net of offering costs	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$9.19M	USD	1 Quarter
Issuance of preferred stock, net of offering costs	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$9.19M	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
Principal payment on exchangeable senior notes	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Principal payment on exchangeable senior notes	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Principal payment on notes due 2026	`RepaymentsOfNotesPayable`	$8.70M	USD	1 Quarter
Principal payment on notes due 2026	`RepaymentsOfNotesPayable`	$8.70M	USD	1 Quarter
Principal payment on notes due 2026	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Principal payment on notes due 2026	`RepaymentsOfNotesPayable`	-	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
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$54.25M	USD	1 Quarter
Dividends paid to common stockholders	`PaymentsOfDividendsCommonStock`	$54.25M	USD	1 Quarter
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 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`	$564.00K	USD	1 Quarter
Dividends paid to preferred stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$564.00K	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
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$703.00K	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$703.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-55.32M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-55.32M	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 increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$11.80M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$11.80M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-18.23M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-18.23M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$153.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$153.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$141.70M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$141.70M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$128.01M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$128.01M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$146.25M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$146.25M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$153.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$153.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$141.70M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$141.70M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$128.01M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$128.01M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$146.25M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$146.25M	USD	Point-in-time
Cash paid during the period for interest, net of interest capitalized	`InterestPaidNet`	$71.00K	USD	1 Quarter
Cash paid during the period for interest, net of interest capitalized	`InterestPaidNet`	$71.00K	USD	1 Quarter
Cash paid during the period for interest, net of interest capitalized	`InterestPaidNet`	$81.00K	USD	1 Quarter
Cash paid during the period for interest, net of interest capitalized	`InterestPaidNet`	$81.00K	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`	$6.09M	USD	1 Quarter
Accrual for current-period additions to real estate	`AccrualForCurrentPeriodAdditionsToRealEstate`	$6.09M	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
Accrual for common and preferred stock dividends declared	`AccrualForCommonAndPreferredStockDividendsDeclared`	$55.24M	USD	1 Quarter
Accrual for common and preferred stock dividends declared	`AccrualForCommonAndPreferredStockDividendsDeclared`	$55.24M	USD	1 Quarter

Stockholders Equity 48 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`	$1.95B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.92B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.92B	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`	$1.94B	USD	Point-in-time
Balances at beginning of period	`StockholdersEquity`	$1.94B	USD	Point-in-time
Net income	`NetIncomeLoss`	$31.08M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.08M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.43M	USD	1 Quarter
Issuance of unvested restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-792.00K	USD	1 Quarter
Issuance of unvested restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-792.00K	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
Net proceeds from sale of preferred stock	`StockIssuedDuringPeriodPreferredStockValueNewIssues`	$9.19M	USD	1 Quarter
Net proceeds from sale of preferred stock	`StockIssuedDuringPeriodPreferredStockValueNewIssues`	$9.19M	USD	1 Quarter
Repurchase of common stock (in shares)	`TreasuryStockSharesAcquired`	4,586.00	shares	Point-in-time
Repurchase of common stock (in shares)	`TreasuryStockSharesAcquired`	4,586.00	shares	Point-in-time
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$290.00K	USD	1 Quarter
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$290.00K	USD	1 Quarter
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$300.00K	USD	Point-in-time
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$300.00K	USD	Point-in-time
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 dividends	`DividendsPreferredStock`	$781.00K	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$781.00K	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$338.00K	USD	1 Quarter
Preferred stock dividends	`DividendsPreferredStock`	$338.00K	USD	1 Quarter
Common stock dividends	`DividendsCommonStockCash`	$54.46M	USD	1 Quarter
Common stock dividends	`DividendsCommonStockCash`	$54.46M	USD	1 Quarter
Common stock dividends	`DividendsCommonStockCash`	$51.96M	USD	1 Quarter
Common stock dividends	`DividendsCommonStockCash`	$51.96M	USD	1 Quarter
Forfeiture of unvested restricted stock units	`RestrictedStockUnitsForfeitures`	$89.00K	USD	1 Quarter
Forfeiture of unvested restricted stock units	`RestrictedStockUnitsForfeitures`	$89.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$2.08M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$2.08M	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`	$1.95B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.95B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.92B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.92B	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`	$1.94B	USD	Point-in-time
Balances at end of period	`StockholdersEquity`	$1.94B	USD	Point-in-time

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