Innovative Industrial Properties, Inc. (IIPR)

IIPR Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	309.51	276.36	204.55	116.9	44.67
Revenue Growth (YoY)	11.99%	35.11%	74.99%	161.71%	202.07%
Cost of Revenue	24.89	10.52	4.44	4.95	1.32
Gross Profit	284.61	265.84	200.11	111.94	43.35
Selling, General & Admin	42.83	38.52	22.96	14.18	9.82
Other Operating Expenses	67.19	61.3	41.78	28.03	8.6
Operating Expenses	110.03	99.82	64.74	42.21	18.42
Operating Income	174.59	166.02	135.37	69.74	24.94
Interest Expense / Income	17.47	18.3	18.09	7.43	6.31
Other Expense / Income	-8.47	-6.67	3.3	-3.42	-4.85
Pretax Income	165.59	154.39	113.99	65.73	23.48
Net Income	165.59	154.39	113.99	65.73	23.48
Preferred Dividends	1.35	1.35	1.35	1.35	1.35
Net Income Common	164.24	153.03	112.64	64.38	22.12
Net Income Growth	7.32%	35.86%	74.96%	191.00%	292.74%
Shares Outstanding (Basic)	28	27	24	19	11
Shares Outstanding (Diluted)	28	28	26	20	11
Shares Change	2.14%	5.34%	34.28%	83.05%	46.64%
EPS (Basic)	5.82	5.57	4.69	3.28	2.06
EPS (Diluted)	5.77	5.52	4.55	3.27	2.03
EPS Growth	4.53%	21.32%	39.14%	61.08%	170.67%
Free Cash Flow	70.55	-266.34	-473.38	-419.21	-299.63
Free Cash Flow Per Share	2.52	-9.74	-19.80	-21.56	-28.41
Dividend Per Share	7.220	7.100	5.720	4.470	3.280
Dividend Growth	1.69%	24.13%	27.96%	36.28%	111.61%
Gross Margin	91.96%	96.19%	97.83%	95.76%	97.06%
Operating Margin	56.41%	60.07%	66.18%	59.66%	55.82%
Profit Margin	53.06%	55.38%	55.07%	55.07%	49.53%
Free Cash Flow Margin	22.79%	-96.37%	-231.42%	-358.62%	-670.81%
EBITDA	250.25	233.99	173.85	101.19	38.38
EBITDA Margin	80.85%	84.67%	84.99%	86.56%	85.92%
Depreciation & Amortization	67.19	61.3	41.78	28.03	8.6
EBIT	183.06	172.69	132.08	73.16	29.78
EBIT Margin	59.14%	62.49%	64.57%	62.59%	66.67%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).