Innovative Industrial Properties, Inc. (IIPR)
NYSE: IIPR · Real-Time Price · USD
51.61
-2.01 (-3.75%)
At close: Mar 20, 2026, 4:00 PM EDT
52.07
+0.46 (0.89%)
After-hours: Mar 20, 2026, 7:00 PM EDT

IIPR Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
118.25161.66165.59154.39113.99
Depreciation & Amortization
74.0770.8167.1961.341.78
Stock-Based Compensation
10.1317.3219.5817.518.62
Other Adjustments
4.754.72-1.74-4.196.3
Changes in Accounts Payable
-0.8563.922.723.1
Changes in Unearned Revenue
-6.87-2.180.645.9118.65
Changes in Other Operating Activities
-1.290.130.35-3.51-3.69
Operating Cash Flow
198.19258.45255.54234.13188.75
Operating Cash Flow Growth
-23.32%1.14%9.15%24.04%70.33%
Capital Expenditures
-31.29-81.75-184.99-523.97-662.13
Sale of Property, Plant & Equipment
2.249.1-23.5-
Purchases of Investments
-155.51-45.11-111.87-388.8-569.77
Proceeds from Sale of Investments
10.2662.56294.06515864.5
Other Investing Activities
--0.8-3.98-21.93-16.69
Investing Cash Flow
-174.3-56-6.79-396.2-384.09
Short-Term Debt Issued
155----
Short-Term Debt Repaid
-52.5----
Net Short-Term Debt Issued (Repaid)
102.5----
Long-Term Debt Issued
----300
Long-Term Debt Repaid
-8.7-4.44---
Net Long-Term Debt Issued (Repaid)
-8.7-4.44--300
Issuance of Common Stock
-11.769.56351.96-
Repurchase of Common Stock
-20.11----
Net Common Stock Issued (Repurchased)
-20.1111.769.56351.96-
Issuance of Preferred Stock
24.159.62---
Net Preferred Stock Issued (Repurchased)
24.159.62---
Common Dividends Paid
-216.28-211.95-202.71-183.94-130.95
Preferred Share Dividends Paid
-3.24-1.58-1.35-2.65-1.35
Other Financing Activities
-0.86-1.32-1.13-2.44-11.94
Financing Cash Flow
-122.54-197.9-195.63164.22155.76
Net Cash Flow
-98.654.5553.132.15-39.59
Free Cash Flow
166.9176.770.55-289.84-473.38
Free Cash Flow Growth
-5.54%150.46%---
FCF Margin
62.75%57.27%22.79%-104.88%-231.42%
Free Cash Flow Per Share
5.886.192.50-10.48-18.03
Levered Free Cash Flow
242.01148.4251.35-304.51-189.65
Unlevered Free Cash Flow
157.89161.3561.71-287.93-466.91
Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.
SEC Filings: 10-K · 10-Q