$IIPR
INNOVATIVE INDUSTRIAL PROPERTIES INC Stock $iipr

$iipr Overview Financials Valuation SEC Filings Company Website

2018 Q4 Form 10-Q Financial Statement

#000114420418058344 Filed on November 08, 2018

Income Statement

Concept	2018 Q4	2018 Q3	2017 Q3
Revenue	$4.780M	$3.926M	$1.559M
YoY Change	109.65%	151.83%
Cost Of Revenue	$80.00K	$210.0K	$60.00K
YoY Change	60.0%	250.0%
Gross Profit	$4.700M	$3.720M	$1.500M
YoY Change	110.76%	148.0%
Gross Profit Margin	98.33%	94.75%	96.22%
Selling, General & Admin	$1.980M	$1.440M	$980.0K
YoY Change	53.49%	46.94%	390.0%
% of Gross Profit	42.13%	38.71%	65.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$900.0K	$703.0K	$217.0K
YoY Change	200.0%	223.96%
% of Gross Profit	19.15%	18.9%	14.47%
Operating Expenses	$2.900M	$2.355M	$1.264M
YoY Change	74.7%	86.31%	532.0%
Operating Profit	$1.800M	$1.571M	$295.0K
YoY Change	215.79%	432.54%
Interest Expense	$860.0K	$260.0K	$40.00K
YoY Change	2766.67%	550.0%
% of Operating Profit	47.78%	16.55%	13.56%
Other Income/Expense, Net
YoY Change
Pretax Income	$2.670M	$1.830M	$330.0K
YoY Change	337.7%	454.55%	-265.0%
Income Tax
% Of Pretax Income
Net Earnings	$2.670M	$1.832M	$334.0K
YoY Change	337.7%	448.5%	-267.0%
Net Earnings / Revenue	55.86%	46.66%	21.42%
Basic Earnings Per Share		$0.22	$0.09
Diluted Earnings Per Share	$279.9K	$0.21	$0.09
COMMON SHARES
Basic Shares Outstanding	9.776M shares	6.637M shares	3.393M shares
Diluted Shares Outstanding		6.786M shares	3.393M shares

Balance Sheet

Concept	2018 Q4	2018 Q3	2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$13.10M	$53.00M	$22.20M
YoY Change	11.02%	138.74%
Cash & Equivalents	$13.05M	$53.02M	$22.20M
Short-Term Investments
Other Short-Term Assets	$600.0K	$500.0K	$1.300M
YoY Change	20.0%	-61.54%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$13.70M	$53.50M	$23.50M
YoY Change	11.38%	127.66%
LONG-TERM ASSETS
Property, Plant & Equipment	$147.4M	$108.7M	$46.60M
YoY Change	117.4%	133.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$120.4M	$4.000M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$267.8M	$112.7M	$46.64M
YoY Change	295.35%	141.65%
TOTAL ASSETS
Total Short-Term Assets	$13.70M	$53.50M	$23.50M
Total Long-Term Assets	$267.8M	$112.7M	$46.64M
Total Assets	$281.5M	$166.2M	$70.14M
YoY Change	251.71%	136.96%	17435.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.000M	$1.200M	$600.0K
YoY Change	81.82%	100.0%
Accrued Expenses	$0.00	$0.00	$200.0K
YoY Change		-100.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$17.20M	$15.10M	$10.20M
YoY Change	164.62%	48.04%	2450.0%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00	$0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$17.20M	$15.10M	$10.20M
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$17.17M	$15.12M	$10.18M
YoY Change	165.07%	48.5%	2445.75%
SHAREHOLDERS EQUITY
Retained Earnings	$0.00	-$145.0K	-$5.071M
YoY Change	-100.0%	-97.14%
Common Stock	$260.6M	$137.2M	$65.03M
YoY Change	307.08%	111.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$264.3M	$151.1M	$59.96M
YoY Change
Total Liabilities & Shareholders Equity	$281.5M	$166.2M	$70.14M
YoY Change	251.71%	136.96%	17435.75%

Cashflow Statement

Concept	2018 Q4	2018 Q3	2017 Q3
OPERATING ACTIVITIES
Net Income	$2.670M	$1.832M	$334.0K
YoY Change	337.7%	448.5%	-267.0%
Depreciation, Depletion And Amortization	$900.0K	$703.0K	$217.0K
YoY Change	200.0%	223.96%
Cash From Operating Activities	$6.100M	$5.900M	$0.00
YoY Change	74.29%
INVESTING ACTIVITIES
Capital Expenditures	-$41.50M	-$25.50M	$3.000M
YoY Change	51.46%	-950.0%
Acquisitions
YoY Change
Other Investing Activities	-$115.8M	$53.50M
YoY Change
Cash From Investing Activities	-$157.4M	$28.10M	-$3.000M
YoY Change	474.45%	-1036.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	111.2M	-2.000M	-500.0K
YoY Change	723.7%	300.0%
NET CHANGE
Cash From Operating Activities	6.100M	5.900M	0.000
Cash From Investing Activities	-157.4M	28.10M	-3.000M
Cash From Financing Activities	111.2M	-2.000M	-500.0K
Net Change In Cash	-40.10M	32.00M	-3.500M
YoY Change	285.58%	-1014.29%
FREE CASH FLOW
Cash From Operating Activities	$6.100M	$5.900M	$0.00
Capital Expenditures	-$41.50M	-$25.50M	$3.000M
Free Cash Flow	$47.60M	$31.40M	-$3.000M
YoY Change	54.05%	-1146.67%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2018Q3	us-gaap	Land Land	17812000	USD
CY2017Q4	us-gaap	Land Land	11514000	USD
CY2018Q3	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	78049000	USD
CY2017Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	51315000	USD
CY2018Q3	us-gaap	Tenant Improvements TenantImprovements	10829000	USD
CY2017Q4	us-gaap	Tenant Improvements TenantImprovements	5901000	USD
CY2018Q3	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	111368000	USD
CY2017Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	68730000	USD
CY2018Q3	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	2657000	USD
CY2017Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	942000	USD
CY2018Q3	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	108711000	USD
CY2017Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	67788000	USD
CY2018Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	53019000	USD
CY2017Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	11758000	USD
CY2018Q3	us-gaap	Short Term Investments ShortTermInvestments	3983000	USD
CY2017Q4	us-gaap	Short Term Investments ShortTermInvestments	0	USD
CY2018Q3	us-gaap	Assets Assets	166212000	USD
CY2017Q4	us-gaap	Assets Assets	80028000	USD
CY2018Q3	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	1179000	USD
CY2017Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	1082000	USD
CY2018Q3	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	2713000	USD
CY2017Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	1198000	USD
CY2018Q3	iipr	Offering Costs Liability OfferingCostsLiability	21000	USD
CY2017Q4	iipr	Offering Costs Liability OfferingCostsLiability	41000	USD
CY2018Q3	iipr	Rents Received In Advance And Tenant Security Deposit RentsReceivedInAdvanceAndTenantSecurityDeposit	6868000	USD
CY2017Q4	iipr	Rents Received In Advance And Tenant Security Deposit RentsReceivedInAdvanceAndTenantSecurityDeposit	4158000	USD
CY2018Q3	us-gaap	Liabilities Liabilities	15122000	USD
CY2017Q4	us-gaap	Liabilities Liabilities	6479000	USD
CY2018Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2018Q3	us-gaap	Preferred Stock Value PreferredStockValue	14009000	USD
CY2017Q4	us-gaap	Preferred Stock Value PreferredStockValue	14009000	USD
CY2018Q3	us-gaap	Common Stock Value CommonStockValue	7000	USD
CY2017Q4	us-gaap	Common Stock Value CommonStockValue	4000	USD
CY2018Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	137219000	USD
CY2017Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	64000000	USD
CY2018Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-145000	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-4464000	USD
CY2018Q3	us-gaap	Stockholders Equity StockholdersEquity	151090000	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	73549000	USD
CY2018Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	166212000	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	80028000	USD
CY2018Q3	us-gaap	Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear	4353000	USD
CY2018Q3	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	20300000	USD
CY2018Q3	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	20950000	USD
CY2018Q3	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	21579000	USD
CY2018Q3	us-gaap	Lessor Operating Lease Payments To Be Received Five Years LessorOperatingLeasePaymentsToBeReceivedFiveYears	21055000	USD
CY2018Q3	us-gaap	Lessor Operating Lease Payments To Be Received Thereafter LessorOperatingLeasePaymentsToBeReceivedThereafter	272247000	USD
CY2018Q3	us-gaap	Lessor Operating Lease Payments To Be Received LessorOperatingLeasePaymentsToBeReceived	360484000	USD
CY2018Q3	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	USD
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	108639	shares
CY2018Q3	us-gaap	Other Preferred Stock Dividends And Adjustments OtherPreferredStockDividendsAndAdjustments	52000	USD
CY2017Q3	us-gaap	Other Preferred Stock Dividends And Adjustments OtherPreferredStockDividendsAndAdjustments	16000	USD
	us-gaap	Other Preferred Stock Dividends And Adjustments OtherPreferredStockDividendsAndAdjustments	127000	USD
	us-gaap	Other Preferred Stock Dividends And Adjustments OtherPreferredStockDividendsAndAdjustments	32000	USD
CY2018Q3	iipr	Net Income Loss Used To Compute Common Stockholders NetIncomeLossUsedToComputeCommonStockholders	1442000	USD
CY2017Q3	iipr	Net Income Loss Used To Compute Common Stockholders NetIncomeLossUsedToComputeCommonStockholders	318000	USD
	iipr	Net Income Loss Used To Compute Common Stockholders NetIncomeLossUsedToComputeCommonStockholders	3178000	USD
	iipr	Net Income Loss Used To Compute Common Stockholders NetIncomeLossUsedToComputeCommonStockholders	-711000	USD
CY2018Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6636638	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3392508	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6388058	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	3369308	shares
CY2018Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6785800	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	3392508	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6534300	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	3369308	shares
CY2018Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.22
CY2017Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.09
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.50
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.21
CY2018Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.21
CY2017Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.09
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.49
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.21
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	76732	shares
CY2018Q3	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	3716000	USD
CY2017Q3	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	1495000	USD
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	9639000	USD
	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	4074000	USD
CY2018Q3	iipr	Tenants Reimbursements TenantsReimbursements	210000	USD
CY2017Q3	iipr	Tenants Reimbursements TenantsReimbursements	64000	USD
	iipr	Tenants Reimbursements TenantsReimbursements	365000	USD
	iipr	Tenants Reimbursements TenantsReimbursements	64000	USD
CY2018Q3	us-gaap	Revenues Revenues	3926000	USD
CY2017Q3	us-gaap	Revenues Revenues	1559000	USD
	us-gaap	Revenues Revenues	10004000	USD
	us-gaap	Revenues Revenues	4138000	USD
CY2018Q3	us-gaap	Lease Cost LeaseCost	210000	USD
CY2017Q3	us-gaap	Lease Cost LeaseCost	64000	USD
	us-gaap	Lease Cost LeaseCost	365000	USD
	us-gaap	Lease Cost LeaseCost	64000	USD
CY2018Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1442000	USD
CY2017Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	983000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4393000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4204000	USD
CY2018Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	703000	USD
CY2017Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	217000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1715000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	553000	USD
CY2018Q3	us-gaap	Operating Expenses OperatingExpenses	2355000	USD
CY2017Q3	us-gaap	Operating Expenses OperatingExpenses	1264000	USD
	us-gaap	Operating Expenses OperatingExpenses	6473000	USD
	us-gaap	Operating Expenses OperatingExpenses	4934000	USD
CY2018Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	1571000	USD
CY2017Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	295000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	3531000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-796000	USD
CY2018Q3	us-gaap	Interest And Other Income InterestAndOtherIncome	261000	USD
CY2017Q3	us-gaap	Interest And Other Income InterestAndOtherIncome	39000	USD
	us-gaap	Interest And Other Income InterestAndOtherIncome	788000	USD
	us-gaap	Interest And Other Income InterestAndOtherIncome	117000	USD
CY2018Q3	us-gaap	Net Income Loss NetIncomeLoss	1832000	USD
	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	5767000	USD
CY2017Q3	us-gaap	Net Income Loss NetIncomeLoss	334000	USD
	us-gaap	Net Income Loss NetIncomeLoss	4319000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-679000	USD
CY2018Q3	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	338000	USD
CY2017Q3	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	0	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	1014000	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	0	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation Gross StockIssuedDuringPeriodValueShareBasedCompensationGross	1079000	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	22330	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod	12079	shares
	iipr	Stock Issued During Period Value Sale Of Common Stock StockIssuedDuringPeriodValueSaleOfCommonStock	79314000	USD
	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	-390000	USD
CY2018Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1494000	USD
CY2017Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	334000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	3305000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-679000	USD
CY2018Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.35
CY2017Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.15
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.85
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.30
	us-gaap	Dividends Preferred Stock DividendsPreferredStock	1014000	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	29.72
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue	18.60
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue	18.67
CY2018Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	2600000	USD
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P1Y10M24D
CY2018Q3	iipr	Tenant Improvement Payable TenantImprovementPayable	4400000	USD
CY2018Q3	us-gaap	Other Assets OtherAssets	499000	USD
CY2017Q4	us-gaap	Other Assets OtherAssets	482000	USD
CY2018Q3	us-gaap	Construction In Progress Gross ConstructionInProgressGross	4678000	USD
CY2017Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	0	USD
CY2018Q3	us-gaap	Severance Costs1 SeveranceCosts1	0	USD
CY2017Q3	us-gaap	Severance Costs1 SeveranceCosts1	0	USD
	us-gaap	Severance Costs1 SeveranceCosts1	0	USD
	us-gaap	Severance Costs1 SeveranceCosts1	113000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	1079000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	1548000	USD
	iipr	Amortization Of Discounts On Short Term Investments AmortizationOfDiscountsOnShortTermInvestments	-332000	USD
	iipr	Amortization Of Discounts On Short Term Investments AmortizationOfDiscountsOnShortTermInvestments	0	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	97000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	538000	USD
	us-gaap	Increase Decrease In Customer Advances IncreaseDecreaseInCustomerAdvances	2710000	USD
	us-gaap	Increase Decrease In Customer Advances IncreaseDecreaseInCustomerAdvances	418000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	9551000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1496000	USD
	us-gaap	Payments To Acquire Short Term Investments PaymentsToAcquireShortTermInvestments	65151000	USD
	us-gaap	Payments To Acquire Short Term Investments PaymentsToAcquireShortTermInvestments	0	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-41948000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-11196000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	79314000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	-276000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	4267000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	525000	USD
	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	999000	USD
	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	0	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	390000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	298000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	73658000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1099000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	41261000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-10799000	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	33003000	USD
CY2017Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	22204000	USD
	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	27177000	USD
	us-gaap	Payments To Acquire Real Estate Held For Investment PaymentsToAcquireRealEstateHeldForInvestment	11185000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	37000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	882000	USD
	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	11120000	USD
	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	11000	USD
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Shortterm Investments ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments	61500000	USD
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Shortterm Investments ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments	0	USD
	iipr	Invoices Accrued For Stock Issuance Costs InvoicesAccruedForStockIssuanceCosts	21000	USD
	iipr	Invoices Accrued For Stock Issuance Costs InvoicesAccruedForStockIssuanceCosts	190000	USD
CY2018Q3	iipr	Accrual For Common Stock Dividend Declared AccrualForCommonStockDividendDeclared	2375000	USD
CY2018Q3	iipr	Development Milestones Payable DevelopmentMilestonesPayable	1000000	USD
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	106839	shares
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	18.01
	dei	Document Type DocumentType	10-Q
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Period End Date DocumentPeriodEndDate	2018-09-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
CY2017Q3	iipr	Accrual For Common Stock Dividend Declared AccrualForCommonStockDividendDeclared	525000	USD
CY2018Q3	iipr	Accrual For Preferred Stock Dividend Declared AccrualForPreferredStockDividendDeclared	338000	USD
CY2017Q3	iipr	Accrual For Preferred Stock Dividend Declared AccrualForPreferredStockDividendDeclared	0	USD
	iipr	Accrual For Reimbursements Of Tenant Improvements And Construction Funding AccrualForReimbursementsOfTenantImprovementsAndConstructionFunding	4341000	USD
	iipr	Accrual For Reimbursements Of Tenant Improvements And Construction Funding AccrualForReimbursementsOfTenantImprovementsAndConstructionFunding	5900000	USD
CY2018Q3	iipr	Real Estate Capitalized Tenant Improve Allowances RealEstateCapitalizedTenantImproveAllowances	15600000	USD
CY2018Q3	us-gaap	Other Commitment OtherCommitment	9900000	USD
CY2018Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2018Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2017Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2018Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2018Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2018Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	6785800	shares
CY2017Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	3501147	shares
CY2017Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2017Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2018Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	6785800	shares
CY2017Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	3501147	shares
CY2018Q3	iipr	Tenant Improvements And Construction Payable TenantImprovementsAndConstructionPayable	4341000	USD
CY2017Q4	iipr	Tenant Improvements And Construction Payable TenantImprovementsAndConstructionPayable	0	USD
CY2018Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	149162	shares
CY2018Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	23.89
CY2018Q3	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	12750000	USD
CY2018Q3	us-gaap	Sale Leaseback Transaction Transaction Costs Investing Activities SaleLeasebackTransactionTransactionCostsInvestingActivities	27000	USD
CY2018Q3	iipr	Additional Purchase For Building Improvements Payable AdditionalPurchaseForBuildingImprovementsPayable	5300000	USD
CY2018Q3	iipr	Additional Purchase Price Of Building Improvements AdditionalPurchasePriceOfBuildingImprovements	4300000	USD
CY2018Q3	us-gaap	Payments For Tenant Improvements PaymentsForTenantImprovements	3200000	USD
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Entity Registrant Name EntityRegistrantName	INNOVATIVE INDUSTRIAL PROPERTIES INC
	dei	Entity Central Index Key EntityCentralIndexKey	0001677576
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Trading Symbol TradingSymbol	IIPR
CY2018Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	9775800	shares
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
	dei	Entity Small Business EntitySmallBusiness	true
	us-gaap	Use Of Estimates UseOfEstimates	<div style="color: rgb(0, 0, 0); font: 10pt 'times new roman', times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px; text-indent: 0.25in;"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Use of Estimates.</div>  The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make a number of estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the condensed consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Actual results may differ materially from these estimates and assumptions.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
	us-gaap	Property Plant And Equipment Impairment PropertyPlantAndEquipmentImpairment	<div style="color: rgb(0, 0, 0); font: 10pt 'times new roman', times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px; text-indent: 0.25in;"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Provision for Impairment.</div>  Another significant judgment must be made as to if, and when, impairment losses should be taken on a property when events or a change in circumstances indicate that the carrying amount of the asset may not be recoverable. A provision is made for impairment if estimated future operating cash flows (undiscounted and without interest charges) plus estimated disposition proceeds (undiscounted) are less than the current book value of the property. Key inputs that we utilize in this analysis include projected rental rates, estimated holding periods, capital expenditures and property sales capitalization rates. As of September 30, 2018, no impairment losses were recognized.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="color: rgb(0, 0, 0); font: 10pt 'times new roman', times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px; text-indent: 0.25in;"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Concentration of Credit Risk</div>. Our properties are located in the states of Arizona, Maryland, Massachusetts, Michigan, Minnesota, New York and Pennsylvania. The ability of any of our tenants to honor the terms of its lease is dependent upon the economic, regulatory, competition, natural and social factors affecting the community in which that tenant operates. During the three months ended September 30, 2018, the tenant at one of our properties in New York, the tenant at our property in Maryland and the tenant at our property in Arizona accounted for 36%, 18% and 17%, respectively, of our rental revenues. During the nine months ended September 30, 2018, these same tenants accounted for 41%, 20% and 17%, respectively, of our rental revenues. During the three and nine months ended September 30, 2017, the tenant at our property in New York accounted for 86% and 94% of our rental revenues, respectively. At September 30, 2018, one of our properties in New York, our property in Maryland and our property in Arizona accounted for 27%, 15% and 15%, respectively, of our net real estate held for investment.</div></div><div style="color: rgb(0, 0, 0); font: 10pt "times new roman", times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-indent: 0.25in; background: none;"><div style="text-decoration: none; color: rgb(0, 0, 0); background: none; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="color: rgb(0, 0, 0); font: 10pt 'times new roman', times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px; text-indent: 0.25in;"><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">We have deposited cash with a financial institution that is insured by the Federal Deposit Insurance Corporation ("FDIC") up to $250,000. As of September 30, 2018, we had cash accounts in excess of FDIC insured limits. We have not experienced any losses in such accounts.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2018Q3	us-gaap	Sale Leaseback Transaction Lease Terms SaleLeasebackTransactionLeaseTerms	15 years
CY2018Q3	iipr	Capitalization Interest Rate CapitalizationInterestRate	0.1	pure
	iipr	Payments For Building Improvements PaymentsForBuildingImprovements	15600000	USD

Files In Submission

Name	View Source	Status
0001144204-18-058344-index-headers.html	Edgar Link	pending
0001144204-18-058344-index.html	Edgar Link	pending
0001144204-18-058344.txt	Edgar Link	pending
0001144204-18-058344-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
iipr-20180930.xml	Edgar Link	completed
iipr-20180930.xsd	Edgar Link	pending
iipr-20180930_cal.xml	Edgar Link	unprocessable
iipr-20180930_def.xml	Edgar Link	unprocessable
iipr-20180930_lab.xml	Edgar Link	unprocessable
iipr-20180930_pre.xml	Edgar Link	unprocessable
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
tv505624_10q.htm	Edgar Link	pending
tv505624_ex31-1.htm	Edgar Link	pending
tv505624_ex31-2.htm	Edgar Link	pending
tv505624_ex32-1.htm	Edgar Link	pending

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$IIPR
INNOVATIVE INDUSTRIAL PROPERTIES INC Stock $iipr

2018 Q4 Form 10-Q Financial Statement

#000114420418058344 Filed on November 08, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IIPR INNOVATIVE INDUSTRIAL PROPERTIES INC Stock $iipr

2018 Q4 Form 10-Q Financial Statement

#000114420418058344 Filed on November 08, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IIPR
INNOVATIVE INDUSTRIAL PROPERTIES INC Stock $iipr