Innovative Industrial Properties, Inc. (IIPR)

NYSE: IIPR · Real-Time Price · USD

60.32

+7.42 (14.03%)

At close: May 5, 2026, 4:00 PM EDT

60.00

-0.32 (-0.53%)

After-hours: May 5, 2026, 7:24 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	-
Revenue	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%

Updated May 5, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q