INNOVATIVE INDUSTRIAL PROPERTIES INC
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
IIPR$55.06-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Stockholders’ Equity
(In thousands, except share amounts)
| | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended September 30, 2024 | |||||||||||||||||||
| · · Shares of · · Series A · · Shares of · · · · · Additional · · Dividends in · · Total | |||||||||||||||||||
| · · Series A · · Preferred · · Common · · Common · · Paid-In- · · Excess of · · Stockholders’ | |||||||||||||||||||
| · Preferred Stock · Stock · Stock · Stock · Capital · Earnings · Equity | |||||||||||||||||||
| Balances at beginning of period | | 600,000 | | $14,009 | 28,331,833 | | $28 | | $2,115,482 | | $(182,319) | | $1,947,200 | ||||||
| Net income | | — | | | — | | — | | | — | | | — | | | 40,215 | | | 40,215 |
| Net proceeds from sale of preferred stock | | 402,673 | | | 9,623 | | — | | | — | | | — | | | — | | | 9,623 |
| Preferred stock dividends | | — | | | — | | — | | | — | | | — | | | (564) | | | (564) |
| Common stock dividends | | — | | | — | | — | | | — | | | — | | | (54,253) | | | (54,253) |
| Stock-based compensation | | — | | | — | | — | | | — | | | 4,316 | | | — | | | 4,316 |
| Balances at end of period | | 1,002,673 | | $23,632 | 28,331,833 | | $28 | | $2,119,798 | | $(196,921) | | $1,946,537 | ||||||
| | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Nine Months Ended September 30, 2024 | |||||||||||||||||||
| · · Shares of · · Series A · · Shares of · · · · · Additional · · Dividends in · · Total | |||||||||||||||||||
| · · Series A · · Preferred · · Common · · Common · · Paid-In · · Excess of · · Stockholders’ | |||||||||||||||||||
| · Preferred Stock · Stock · Stock · Stock · Capital · Earnings · Equity | |||||||||||||||||||
| Balances at beginning of period | | 600,000 | | $14,009 | 28,140,891 | | $28 | | $2,095,789 | | $(156,854) | | $1,952,972 | ||||||
| Net income | | — | | | — | | — | | | — | | | — | | | 121,636 | | | 121,636 |
| Issuance of unvested restricted stock, net of forfeitures | | — | | | — | | 39,310 | | | — | | | (750) | | | — | | | (750) |
| Exchange of Exchangeable Senior Notes | | — | | | — | | 28,408 | | | — | | | — | | | — | | | — |
| Net proceeds from sale of preferred stock | | 402,673 | | | 9,623 | | — | | | — | | | — | | | — | | | 9,623 |
| Net proceeds from sale of common stock | | — | | | — | | 123,224 | | | — | | | 11,757 | | | — | | | 11,757 |
| Preferred stock dividends | | — | | | — | | — | | | — | | | — | | | (1,240) | | | (1,240) |
| Common stock dividends | | — | | | — | | — | | | — | | | — | | | (160,463) | | | (160,463) |
| Stock-based compensation | | — | | | — | | — | | | — | | | 13,002 | | | — | | | 13,002 |
| Balances at end of period | | 1,002,673 | | $23,632 | 28,331,833 | | $28 | | $2,119,798 | | $(196,921) | | $1,946,537 | ||||||
| | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended September 30, 2023 | |||||||||||||||||||
| · · Shares of · · Series A · · Shares of · · · · · Additional · · Dividends in · · Total | |||||||||||||||||||
| · · Series A · · Preferred · · Common · · Common · · Paid-In · · Excess of · · Stockholders’ | |||||||||||||||||||
| · Preferred Stock · Stock · Stock · Stock · Capital · Earnings · Equity | |||||||||||||||||||
| Balances at beginning of period | | 600,000 | | $14,009 | 28,040,054 | | $28 | | $2,076,357 | | $(137,174) | | $1,953,220 | ||||||
| Net income | | — | | | — | | — | | | — | | | — | | | 41,594 | | | 41,594 |
| Issuance of unvested restricted stock, net of forfeitures | | — | | | — | | (224) | | | — | | | — | | | — | | | — |
| Preferred stock dividends | | — | | | — | | — | | | — | | | — | | | (338) | | | (338) |
| Common stock dividends | | — | | | — | | — | | | — | | | — | | | (50,741) | | | (50,741) |
| Stock-based compensation | | — | | | — | | — | | | — | | | 4,934 | | | — | | | 4,934 |
| Balances at end of period | | 600,000 | | $14,009 | | 28,039,830 | | $28 | | $2,081,291 | | $(146,659) | | $1,948,669 | |||||
| | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Nine Months Ended September 30, 2023 | |||||||||||||||||||
| · · Shares of · · Series A · · Shares of · · · · · Additional · · Dividends in · · Total | |||||||||||||||||||
| · · Series A · · Preferred · · Common · · Common · · Paid-In · · Excess of · · Stockholders’ | |||||||||||||||||||
| · Preferred Stock · Stock · Stock · Stock · Capital · Earnings · Equity | |||||||||||||||||||
| Balances at beginning of period | | 600,000 | | $14,009 | | 27,972,830 | | $28 | | $2,065,248 | | $(117,392) | | $1,961,893 | |||||
| Net income | | — | | | — | | — | | | — | | | — | | | 123,955 | | | 123,955 |
| Issuance of unvested restricted stock, net of forfeitures | | — | | | — | | 34,800 | | | — | | | (568) | | | — | | | (568) |
| Exchange of Exchangeable Senior Notes | | — | | | — | | 32,200 | | | — | | | 1,964 | | | — | | | 1,964 |
| Preferred stock dividends | | — | | | — | | — | | | — | | | — | | | (1,014) | | | (1,014) |
| Common stock dividends | | — | | | — | | — | | | — | | | — | | | (152,208) | | | (152,208) |
| Stock-based compensation | | — | | | — | | — | | | — | | | 14,647 | | | — | | | 14,647 |
| Balances at end of period | | 600,000 | | $14,009 | | 28,039,830 | | $28 | | $2,081,291 | | $(146,659) | | $1,948,669 | |||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.