Innovative Industrial Properties, Inc. (IIPR)

NYSE: IIPR · Real-Time Price · USD

52.66

-2.08 (-3.80%)

At close: Nov 12, 2026, 4:00 PM EST

52.95

+0.29 (0.55%)

Pre-market: Nov 13, 2026, 4:02 AM EST

IIPR Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Revenue	263.89	265.96	308.52	309.51	276.36	204.55
Revenue Growth	-4.40%	-13.80%	-0.32%	11.99%	35.10%	74.98%
Net Income	126.21	111.45	157.6	162.75	152.2	112.08
Earnings Per Share	4.44	3.93	5.52	5.77	5.52	4.55
EPS Growth	4.83%	-28.87%	-4.21%	4.45%	21.24%	39.27%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Cash & Investments	142.35	47.6	146.25	140.25	87.12	81.1
Total Debt	695.96	393.67	297.87	300.88	301.5	326.09
Net Cash (Debt)	-553.61	-346.08	-151.62	-160.63	-214.37	-245
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-19.48	-12.20	-5.31	-5.68	-7.75	-9.33

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Operating Cash Flow	200.31	198.19	258.45	255.54	234.13	188.75
Free Cash Flow	200.31	198.19	258.45	255.54	234.13	188.75
Free Cash Flow Growth	-2.80%	-23.32%	1.14%	9.15%	24.04%	70.33%

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Operating Margin	47.83%	48.87%	55.94%	57.21%	61.16%	66.18%
Pretax Margin	53.20%	44.46%	52.40%	53.50%	55.86%	55.73%
Profit Margin	47.83%	41.91%	51.08%	52.59%	55.07%	54.79%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 13, 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
Dividend Per Share	7.600	7.600	7.520	7.220	7.100	5.720
Dividend Per Share Growth	0%	1.06%	4.15%	1.69%	24.13%	27.96%
Dividend Yield	14.43%	16.05%	11.29%	7.19%	7.00%	2.33%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 13, 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
PE Ratio	11.86	11.91	11.98	17.37	18.63	56.13
PS Ratio	5.50	4.99	6.12	9.13	10.26	30.76