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 Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
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 |
Property, Plant & Equipment | 1,981 | 2,114 | 2,170 | 2,167 | 2,068 | 1,641 |
Cash & Equivalents | 142.35 | 47.6 | 146.25 | 140.25 | 87.12 | 81.1 |
Accounts Receivable | - | 16.8 | 16.8 | - | - | - |
Investment In Debt and Equity Securities | 417.42 | 152.67 | 5 | 21.95 | 200.94 | 324.89 |
Other Intangible Assets | 3.73 | 6.37 | 7.39 | 8.25 | 9.11 | 9.15 |
Loans Receivable Current | 88.6 | 22.8 | 22.8 | 42 | 38.12 | 12.92 |
Restricted Cash | 2.91 | - | - | 1.45 | 1.45 | 5.32 |
Other Long-Term Assets | 14.93 | 10.67 | 10.09 | 10.02 | 10.08 | 10 |
Total Assets | 2,651 | 2,371 | 2,378 | 2,391 | 2,415 | 2,085 |
Liabilities
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 |
Current Portion of Long-Term Debt | 87.5 | 318.1 | - | 4.43 | - | - |
Current Portion of Leases | - | 0.54 | - | - | - | - |
Long-Term Debt | 608.46 | 75 | 297.87 | 296.45 | 301.5 | 326.09 |
Long-Term Leases | - | 0.03 | - | - | - | - |
Accounts Payable | 13.36 | 8.87 | 8.46 | 9.26 | 8.45 | 5.25 |
Accrued Expenses | - | 2 | 2.1 | 2.15 | 2.17 | 2.47 |
Other Current Liabilities | 56.31 | 54.91 | 54.82 | 51.83 | 50.84 | 38.85 |
Long-Term Unearned Revenue | 41.53 | 50.31 | 57.18 | 59.36 | 58.72 | 52.81 |
Other Long-Term Liabilities | 13.08 | 13.09 | 21.57 | 14.65 | 31.28 | 47.44 |
Total Liabilities | 820.23 | 522.85 | 441.99 | 438.12 | 452.94 | 472.9 |
Shareholders' Equity
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 |
Preferred Stock, Redeemable | 129 | 47.78 | 23.63 | 14.01 | 14.01 | 14.01 |
Common Stock | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
Additional Paid-In Capital | 2,076 | 2,113 | 2,124 | 2,096 | 2,065 | 1,673 |
Distributions in Excess of Earnings | -374.16 | -312.99 | -211.71 | -156.85 | -117.39 | -75.22 |
Total Common Equity | 1,701 | 1,800 | 1,912 | 1,939 | 1,948 | 1,598 |
Shareholders' Equity | 1,830 | 1,848 | 1,936 | 1,953 | 1,962 | 1,612 |
Total Liabilities & Equity | 2,651 | 2,371 | 2,378 | 2,391 | 2,415 | 2,085 |
Additional Metrics
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 |
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 (Debt) Growth | - | - | - | - | - | - |
Net Cash Per Share | -19.48 | -12.20 | -5.31 | -5.68 | -7.75 | -9.33 |
Filing Date Shares Outstanding | 27.57 | 28.14 | 28.33 | 28.21 | 28 | 25.62 |
Total Common Shares Outstanding | 27.57 | 28.02 | 28.33 | 28.14 | 27.97 | 25.61 |
Book Value Per Share | 61.71 | 64.24 | 67.50 | 68.90 | 69.63 | 62.38 |
Tangible Book Value | 1,698 | 1,794 | 1,905 | 1,931 | 1,939 | 1,589 |
Tangible Book Value Per Share | 61.58 | 64.01 | 67.24 | 68.61 | 69.31 | 62.02 |
Land | 141.29 | 146.32 | 146.77 | 142.52 | 139.95 | 122.39 |
Buildings | 2,192 | 2,270 | 2,231 | 2,108 | 2,011 | 979.42 |
Construction In Progress | 35.04 | 40.59 | 62.39 | 117.77 | 54.11 | - |