INNOVATIVE INDUSTRIAL PROPERTIES INC IIPR Income Statement

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
Revenues:
Rental (including tenant reimbursements)
58,974	44,667	31,778	24,149	18,846	14,787	12,350	9,919	7,894	6,420	0	0	0
Tenant reimbursements
-	-	-	-	-	-	-	-	-	-	0	0	0
Total revenues
58,974	44,667	31,778	24,149	18,846	14,787	12,286	9,919	7,894	6,420	0	0	0
Expenses:
Property expenses
1,668	1,315	1,021	874	605	445	419	273	205	118	0	0	0
General and administrative expense
11,246	9,818	8,649	7,935	6,816	6,375	5,686	5,227	5,219	5,497	0	0	0
Severance
-	-	-	-	-	-	-	-	-	-	0	0	-
Depreciation expense
12,288	8,599	5,968	4,450	3,371	2,629	2,077	1,591	1,230	915	0	0	0
Total expenses
25,202	19,732	15,638	13,259	10,792	9,449	8,182	7,091	6,767	6,643	0	0	0
Income from operations
33,772	24,935	16,140	10,890	8,054	5,338	4,104	2,828	1,127	-223	0	0	0
Interest and other income
5,297	4,846	4,561	3,285	2,419	1,647	822	600	337	151	0	0	0
Interest expense
7,363	6,306	0	0	0	-	-	-	-	-	-	-	-
Net income
31,706	23,475	16,239	11,551	9,681	6,985	4,926	3,428	1,464	-72	0	0	0
Preferred stock dividend
1,352	1,352	1,352	1,352	1,352	1,352	1,337	999	661	323	0	0	0
Net income attributable to common stockholders
30,354	22,123	14,887	10,199	8,329	5,633	3,589	2,429	803	-395	0	0	0
Net income attributable to common stockholders per share (Note 8):
Basic
0.72	0.79	0.56	0.31	0.34	0.24	0.22	0.18	0.10	0.09	0.09	-0.13	-0.18
Diluted
0.72	0.78	0.55	0.30	0.33	0.24	0.21	0.17	0.09	0.09	0.09	-0.13	-0.18
Weighted average shares outstanding:
Basic
15,784	11,905	10,918	9,667	9,664	9,367	6,636	6,635	5,883	3,393	3,392	3,364	3,350
Diluted
15,898	12,044	11,057	9,807	9,797	9,515	6,785	6,783	6,025	3,393	3,392	3,364	3,350
Dividends declared per common share
-	-	-	-	-	-	-	-	-	-	0.15	0.15	0.00