INNOVATIVE INDUSTRIAL PROPERTIES INC IIPR Balance Sheet

Innovative industrial properties inc (IIPR)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16
Assets
Real estate, at cost:
Land
51,712	48,652	37,959	28,493	22,563	20,475	17,812	14,819	11,514	11,514	10,385	10,385	7,600	7,600
Buildings and improvements
464,267	382,035	231,252	183,226	123,927	109,425	78,049	57,105	51,315	51,315	30,885	27,881	22,475	22,475
Tenant improvements
173,974	87,344	43,397	27,642	18,784	14,732	10,829	7,313	5,901	5,901	5,901	-	-	0
Construction in progress
-	-	0	0	666	6,298	4,678	4,366	-	0	-	-	-	-
Total real estate, at cost
689,953	518,031	312,608	239,361	165,940	150,930	111,368	83,603	68,730	68,730	47,171	38,266	30,075	30,075
Less accumulated depreciation
17,077	12,170	8,625	6,404	4,789	3,571	2,657	1,954	1,418	942	579	363	187	27
Net real estate held for investment
672,876	505,861	303,983	232,957	161,151	147,359	108,711	81,649	67,312	67,788	46,592	37,903	29,888	30,048
Cash and cash equivalents
108,261	82,244	99,917	47,432	59,224	13,050	53,019	21,185	42,076	11,758	22,204	25,756	33,351	33,003
Restricted Cash
23,032	35,072	9,354	10,022	-	0	-	-	-	-	-	-	-	-
Investment, Carrying Value
272,907	119,595	208,828	138,731	197,729	120,443	3,983	57,419	48,856	0	-	-	-	-
Right of use office lease asset
1,147	1,202	-	-	-	0	-	-	-	-	-	-	-	-
Other assets, net
2,247	1,883	1,068	1,579	2,304	614	499	1,446	-	482	-	-	-	-
Prepaid insurance and other assets, net
-	-	-	-	-	-	-	-	654	-	1,347	253	268	276
Total assets
1,080,470	745,857	623,150	430,721	420,408	281,466	166,212	161,699	158,898	80,028	70,143	63,912	63,507	63,327
Liabilities and stockholders' equity
Exchangeable senior notes
135,154	134,654	134,158	133,668	133,196	0	-	-	-	-	-	-	-	-
Tenant improvements and construction funding payable
41,185	24,968	12,700	8,823	3,201	2,433	4,341	-	-	20	5,900	-	-	-
Accounts payable and accrued expenses
1,305	3,417	1,044	3,583	1,224	1,968	1,179	2,908	551	1,062	608	563	344	70
Dividends payable
17,407	12,975	9,204	6,223	4,750	3,759	2,713	2,034	2,034	1,198	525	525	-	0
Office lease liability
1,204	1,202	-	-	-	0	-	-	-	-	-	-	-	-
Offering cost liability
-	-	62	-	-	-	21	31	0	41	190	0	0	276
Rent received in advance and tenant security deposits
25,236	20,631	16,199	12,236	9,661	9,014	6,868	5,141	4,599	4,158	2,960	2,846	2,545	2,542
Total liabilities
221,491	197,847	173,367	164,533	152,032	17,174	15,122	10,114	7,184	6,479	10,183	3,934	2,889	2,888
Commitments and contingencies (Notes 6 and 11)
-	-	-	-	-	-	0	0	0	-	0	0	0	0
Stockholders' equity:
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, 2020 and December 31, 2019
14,009	14,009	14,009	14,009	14,009	14,009	14,009	14,009	14,009	14,009	0	0	0	0
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 17,035,674 and 12,637,043 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively
17	13	11	10	10	10	7	7	7	4	4	4	4	0
Additional paid-in capital
870,433	553,932	452,634	266,356	265,733	260,540	137,219	139,546	141,217	64,000	65,027	65,379	65,597	64,828
Dividends in excess of earnings
-25,480	-19,944	-16,871	-14,187	-11,376	10,267	-	-	-	-	-	-	-	-
Accumulated deficit
-	-	-	-	-	-	-145	-1,977	-3,519	-4,464	-5,071	-5,405	-4,983	-4,392
Total stockholders' equity
858,979	548,010	449,783	266,188	268,376	264,292	151,090	151,585	151,714	73,549	59,960	59,978	60,618	60,439
Total liabilities and stockholders' equity
1,080,470	745,857	623,150	430,721	420,408	281,466	166,212	161,699	158,898	80,028	70,143	63,912	63,507	63,327