IIPR Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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, Plant & Equipment	2,114	2,170	2,167	2,068	1,641
Cash & Equivalents	47.6	146.25	140.25	87.12	81.1
Accounts Receivable	16.8	16.8	-	-	-
Investment In Debt and Equity Securities	152.67	5	21.95	200.94	324.89
Other Intangible Assets	6.37	7.39	8.25	9.11	9.15
Loans Receivable Current	22.8	22.8	42	38.12	12.92
Restricted Cash	-	-	1.45	1.45	5.32
Other Long-Term Assets	10.67	10.09	10.02	10.08	10
Total Assets	2,371	2,378	2,391	2,415	2,085
Current Portion of Long-Term Debt	318.1	-	4.43	-	-
Current Portion of Leases	0.54	-	-	-	-
Long-Term Debt	75	297.87	296.45	301.5	326.09
Long-Term Leases	0.03	-	-	-	-
Accounts Payable	8.87	8.46	9.26	8.45	5.25
Accrued Expenses	2	2.1	2.15	2.17	2.47
Other Current Liabilities	54.91	54.82	51.83	50.84	38.85
Long-Term Unearned Revenue	50.31	57.18	59.36	58.72	52.81
Other Long-Term Liabilities	13.09	21.57	14.65	31.28	47.44
Total Liabilities	522.85	441.99	438.12	452.94	472.9
Preferred Stock, Redeemable	47.78	23.63	14.01	14.01	14.01
Common Stock	0.03	0.03	0.03	0.03	0.03
Additional Paid-In Capital	2,113	2,124	2,096	2,065	1,673
Distributions in Excess of Earnings	-312.99	-211.71	-156.85	-117.39	-75.22
Total Common Equity	1,800	1,912	1,939	1,948	1,598
Shareholders' Equity	1,848	1,936	1,953	1,962	1,612
Total Liabilities & Equity	2,371	2,378	2,391	2,415	2,085
Total Debt	393.67	297.87	300.88	301.5	326.09
Net Cash (Debt)	-346.08	-151.62	-160.63	-214.37	-245
Net Cash Per Share	-12.20	-5.31	-5.68	-7.75	-9.33
Filing Date Shares Outstanding	28.14	28.33	28.21	28	25.62
Total Common Shares Outstanding	28.02	28.33	28.14	27.97	25.61
Book Value Per Share	64.24	67.50	68.90	69.63	62.38
Tangible Book Value	1,794	1,905	1,931	1,939	1,589
Tangible Book Value Per Share	64.01	67.24	68.61	69.31	62.02
Land	146.32	146.77	142.52	139.95	122.39
Buildings	2,270	2,231	2,108	2,011	979.42
Construction In Progress	40.59	62.39	117.77	54.11	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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