Innovative Industrial Properties, Inc. (IIPR)
NYSE: IIPR · Real-Time Price · USD
57.99
-0.01 (-0.02%)
At close: May 29, 2026, 4:00 PM EDT
57.90
-0.09 (-0.16%)
After-hours: May 29, 2026, 7:33 PM EDT
IIPR Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Property Revenue | 262.71 | 265.49 | 306.94 | 307.35 | 274.38 | 204.55 |
Service and Other Revenue | 0.52 | 0.47 | 1.58 | 2.16 | 1.98 | - |
| 263.23 | 265.96 | 308.52 | 309.51 | 276.36 | 204.55 | |
Revenue Growth (YoY) | -13.63% | -13.80% | -0.32% | 11.99% | 35.10% | 74.98% |
Property Expenses | 30.37 | 30.18 | 28.47 | 24.89 | 10.52 | 4.44 |
Total Property Expenses | 30.37 | 30.18 | 28.47 | 24.89 | 10.52 | 4.44 |
Gross Profit | 232.86 | 235.78 | 280.05 | 284.61 | 265.84 | 200.11 |
Selling, General & Admin | 35.62 | 33.74 | 37.44 | 42.83 | 38.52 | 22.96 |
Depreciation & Amortization Expenses | 74.26 | 74.07 | 70.81 | 67.19 | 61.3 | 41.78 |
Other Operating Expenses | - | 3.53 | - | - | - | - |
Operating Income | 123.07 | 124.12 | 168.35 | 174.59 | 169.62 | 135.37 |
Net Gains on Disposal of Properties | -0.1 | 0.33 | 3.45 | - | -3.6 | - |
Interest Income | 19.04 | 14.32 | 10.99 | 8.45 | 3.2 | 0.4 |
Interest Expense | -22.13 | -20.2 | -17.67 | -17.47 | -18.3 | -18.09 |
Other Non-Operating Income (Expense) | - | - | - | -0.02 | 0.13 | 3.69 |
Total Non-Operating Income (Expense) | -3.18 | -5.55 | -3.24 | -9.04 | -18.58 | -14 |
Pretax Income | 119.98 | 118.25 | 161.66 | 165.59 | 154.39 | 113.99 |
Net Income | 114.29 | 114.44 | 159.86 | 164.24 | 153.03 | 112.64 |
Net Income Attributable to Preferred Dividends | -5.69 | -3.81 | -1.8 | -1.35 | -1.35 | -1.35 |
Net Income to Common | 114.29 | 114.44 | 159.86 | 164.24 | 153.03 | 112.64 |
Net Income Growth | -24.34% | -28.41% | -2.67% | 7.32% | 35.86% | 74.96% |
Shares Outstanding (Basic) | 28 | 28 | 28 | 28 | 27 | 24 |
Shares Outstanding (Diluted) | 28 | 28 | 29 | 28 | 28 | 26 |
Shares Change (YoY) | -0.79% | -0.54% | 0.97% | 2.14% | 5.34% | 34.28% |
EPS (Basic) | 3.97 | 3.98 | 5.58 | 5.82 | 5.57 | 4.71 |
EPS (Diluted) | 3.91 | 3.93 | 5.52 | 5.77 | 5.52 | 4.29 |
EPS Growth | -24.81% | -28.80% | -4.33% | 4.53% | 28.70% | -9.13% |
Shares Outstanding | 28.31 | 28.02 | 28.33 | 28.14 | 27.97 | 25.61 |
Free Cash Flow | 182.64 | 166.9 | 176.7 | 70.55 | -289.84 | -473.38 |
Free Cash Flow Growth | 9.43% | -5.54% | 150.46% | - | - | - |
Free Cash Flow Per Share | 6.44 | 5.88 | 6.19 | 2.50 | -10.48 | -18.03 |
Dividends Per Share | 7.600 | 7.600 | 7.520 | 7.220 | 7.100 | 5.720 |
Dividend Growth | - | 1.06% | 4.15% | 1.69% | 24.13% | 27.96% |
Gross Margin | 88.46% | 88.65% | 90.77% | 91.96% | 96.19% | 97.83% |
Operating Margin | 46.75% | 46.67% | 54.57% | 56.41% | 61.38% | 66.18% |
Profit Margin | 45.58% | 44.46% | 52.40% | 53.50% | 55.86% | 55.73% |
FCF Margin | 69.38% | 62.76% | 57.27% | 22.79% | -104.88% | -231.42% |
EBITDA | 197.33 | 198.19 | 239.15 | 241.78 | 230.92 | 177.15 |
EBITDA Margin | 74.96% | 74.52% | 77.52% | 78.12% | 83.56% | 86.60% |
EBIT | 123.07 | 124.12 | 168.35 | 174.59 | 169.62 | 135.37 |
EBIT Margin | 46.75% | 46.67% | 54.57% | 56.41% | 61.38% | 66.18% |