Innovative Industrial Properties, Inc. (IIPR)

IIPR Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	47.6	146.25	140.25	87.12	81.1
Cash & Short-Term Investments	47.6	146.25	140.25	87.12	81.1
Cash Growth	-67.45%	4.28%	60.98%	7.43%	-35.64%
Accounts Receivable	22.8	22.8	22	18.02	12.92
Restricted Cash	-	-	1.45	1.45	5.32
Total Current Assets	70.4	169.05	163.7	106.59	99.34
Net Property, Plant & Equipment	2,114	2,170	2,167	2,068	1,641
Other Intangible Assets	6.37	7.39	8.25	9.11	9.15
Long-Term Investments	152.67	5	21.95	200.94	324.89
Other Long-Term Assets	27.47	26.89	30.02	30.18	10
Total Assets	2,371	2,378	2,391	2,415	2,085
Accounts Payable	10.87	10.56	11.41	10.62	7.72
Short-Term Debt	102.5	-	-	-	-
Unearned Revenue	50.31	57.18	59.36	58.72	52.81
Other Current Liabilities	57.88	65.05	61.42	80.22	85.12
Total Current Liabilities	221.55	132.78	132.18	149.55	145.64
Long-Term Debt	290.6	297.87	300.88	301.5	326.09
Other Long-Term Liabilities	10.7	11.34	5.06	1.9	1.17
Total Long-Term Liabilities	301.3	309.2	305.94	303.4	327.26
Total Liabilities	522.85	441.99	438.12	452.94	472.9
Preferred Stock	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
Retained Earnings	-312.99	-211.71	-156.85	-117.39	-75.22
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	393.1	297.87	300.88	301.5	326.09
Net Cash (Debt)	-345.51	-151.62	-160.63	-214.37	-245
Net Cash Per Share	-12.18	-5.31	-5.68	-7.75	-9.33
Book Value	1,848	1,936	1,953	1,962	1,612
Book Value Per Share	65.12	67.86	69.12	70.92	61.37
Tangible Book Value	1,842	1,929	1,945	1,953	1,603
Tangible Book Value Per Share	64.90	67.60	68.83	70.59	61.02

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q