Innovative Industrial Properties, Inc. (IIPR)
NYSE: IIPR · Real-Time Price · USD
56.80
-0.03 (-0.05%)
Sep 3, 2026, 4:00 PM EDT - Market closed
IIPR Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 |
Net Income | 137.81 | 118.25 | 161.66 | 165.59 | 154.39 | 113.99 |
Depreciation & Amortization | 74.56 | 74.07 | 70.81 | 67.19 | 61.3 | 41.78 |
Other Amortization | 2.84 | 2 | 1.67 | 1.37 | 1.35 | 2.85 |
Gain (Loss) on Sale of Assets | -11.94 | 0.33 | 3.45 | - | -3.6 | - |
Gain (Loss) on Sale of Investments | - | - | -0.51 | -3.2 | -2.25 | -0.34 |
Asset Writedown | - | 3.53 | - | - | - | - |
Stock-Based Compensation | 10.79 | 10.13 | 17.32 | 19.58 | 17.51 | 8.62 |
Change in Accounts Payable | -3.08 | -0.85 | 6 | 3.92 | 2.72 | 3.1 |
Change in Other Net Operating Assets | -2.09 | -1.29 | 0.13 | 0.35 | -3.51 | -3.69 |
Other Operating Activities | -5.5 | -1.1 | 0.1 | 0.09 | 0.31 | 3.78 |
Operating Cash Flow | 196.45 | 198.19 | 258.45 | 255.54 | 234.13 | 188.75 |
Operating Cash Flow Growth | -12.83% | -23.32% | 1.14% | 9.15% | 24.04% | 70.33% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 |
Acquisition of Real Estate Assets | -10.48 | -31.29 | -81.75 | -184.99 | -523.97 | -662.13 |
Sale of Real Estate Assets | 45.68 | 2.24 | 9.1 | - | 23.5 | - |
Net Sale / Acq. of Real Estate Assets | 35.21 | -29.05 | -72.65 | -184.99 | -500.47 | -662.13 |
Investment in Marketable & Equity Securities | -264.99 | -145.25 | 17.45 | 182.19 | 126.2 | 294.73 |
Other Investing Activities | - | - | - | - | -0.25 | -0.63 |
Investing Cash Flow | -229.79 | -174.3 | -56 | -6.79 | -396.2 | -384.09 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 |
Long-Term Debt Issued | - | 155 | - | - | - | 300 |
Long-Term Debt Repaid | - | -61.2 | -4.44 | - | - | - |
Net Debt Issued (Repaid) | 332.39 | 93.8 | -4.44 | - | - | 300 |
Issuance of Common Stock | 44.03 | - | 11.76 | 9.56 | 351.96 | - |
Repurchase of Common Stock | -90.47 | -20.97 | -0.75 | -0.57 | -2.44 | -3.38 |
Preferred Stock Issued | 92.15 | 24.15 | 9.62 | - | - | - |
Common Dividends Paid | -215.78 | -216.28 | -211.95 | -202.71 | -183.94 | -130.95 |
Preferred Dividends Paid | -5.69 | -3.24 | -1.58 | -1.35 | -1.35 | -1.35 |
Total Dividends Paid | -221.47 | -219.52 | -213.53 | -204.06 | -185.3 | -132.31 |
Other Financing Activities | -15.32 | - | -0.57 | -0.56 | - | -8.55 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 |
Net Cash Flow | 107.97 | -98.65 | 4.55 | 53.13 | 2.15 | -39.59 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 |
Levered Free Cash Flow | 99.87 | 155.22 | 192.61 | 185.8 | 167.92 | 120.17 |
Unlevered Free Cash Flow | 113.3 | 165.84 | 201.98 | 195.34 | 178.01 | 128.62 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 |
Cash Interest Paid | 22.44 | 17.41 | 16.05 | 16.13 | 17.25 | 14.38 |
Change in Working Capital | -12.11 | -9.01 | 3.95 | 4.92 | 5.12 | 18.07 |