Company: IIPR
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023920
Chunk: 16

Company: INNOVATIVE INDUSTRIAL PROPERTIES INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 cash provided by (used in) operating activitiesDepreciation and amortization18,391 17,150 Impairment loss on real estate3,527 — Other non-cash adjustments(11)28 Stock-based compensation2,078 4,315 Amortization of discounts on investments— (188)Amortization of debt discount and issuance costs470 406 Changes in assets and liabilitiesOther assets, net906 1,760 Accounts payable, accrued expenses and other liabilities1,577 7,874 Rent received in advance and tenant security deposits(3,773)793 Net cash provided by (used in) operating activities54,242 71,566 Cash flows from investing activitiesInvestments in real estate(7,857)— Funding of draws for improvements and construction(9,041)(16,505)Purchases of short-term investments(5,258)(20,026)Maturities of short-term investments5,000 22,136 Net cash provided by (used in) investing activities(17,156)(14,395)Cash flows from financing activitiesIssuance of common stock, net of offering costs— 11,757 Repurchase of common stock(290)— Issuance of preferred stock, net of offering costs9,186 — Principal payment on exchangeable senior notes— (4,436)Principal payment on notes due 2026(8,697)— Payment of deferred financing costs— (112)Dividends paid to common stockholders(54,253)(51,489)Dividends paid to preferred stockholders(564)(338)Taxes paid related to net share settlement of equity awards(703)(750)Net cash provided by (used in) financing activities(55,321)(45,368)Net increase (decrease) in cash and cash equivalents(18,235)11,803 Cash and cash equivalents, beginning of period146,245 141,699 Cash and cash equivalents, end of period$128,010 $153,502 Supplemental disclosure of cash flow information:Cash paid during the period for interest, net of interest capitalized$81 $71 Supplemental disclosure of non-cash investing and financing activities:Accrual for current-period additions to real estate$6,093 $8,980 Accrual for common and preferred stock dividends declared55,244 52,295