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 Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
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 |
Rental Revenue | 263.18 | 265.49 | 306.94 | 307.35 | 274.38 | 204.55 |
Other Revenue | 0.7 | 0.47 | 1.58 | 2.16 | 1.98 | - |
| 263.89 | 265.96 | 308.52 | 309.51 | 276.36 | 204.55 | |
Revenue Growth (YoY | -4.40% | -13.80% | -0.32% | 11.99% | 35.10% | 74.98% |
Property Expenses | 29.69 | 30.18 | 28.47 | 24.89 | 10.52 | 4.44 |
Selling, General & Administrative | 32.49 | 31.73 | 36.66 | 40.35 | 35.51 | 22.96 |
Depreciation & Amortization | 75.49 | 74.07 | 70.81 | 67.19 | 61.3 | 41.78 |
Total Operating Expenses | 137.67 | 135.97 | 135.94 | 132.44 | 107.33 | 69.18 |
Operating Income | 126.22 | 129.98 | 172.58 | 177.07 | 169.03 | 135.37 |
Interest Expense | -33.33 | -20.2 | -17.67 | -17.47 | -18.3 | -18.09 |
Interest & Investment Income | 38.14 | 14.32 | 10.99 | 8.45 | 3.2 | 0.4 |
EBT Excluding Unusual Items | 131.03 | 124.11 | 165.9 | 168.05 | 153.92 | 117.68 |
Gain (Loss) on Sale of Assets | 11.94 | -0.33 | -3.45 | - | 3.6 | - |
Asset Writedown | -0.57 | -3.53 | - | - | - | - |
Total Legal Settlements | -2.01 | -2.01 | -0.79 | -2.48 | -3.01 | - |
Other Unusual Items | - | - | - | 0.02 | -0.13 | -3.69 |
Pretax Income | 140.4 | 118.25 | 161.66 | 165.59 | 154.39 | 113.99 |
Net Income | 140.4 | 118.25 | 161.66 | 165.59 | 154.39 | 113.99 |
Preferred Dividends & Other Adjustments | 14.19 | 6.8 | 4.06 | 2.83 | 2.19 | 1.91 |
Net Income to Common | 126.21 | 111.45 | 157.6 | 162.75 | 152.2 | 112.08 |
Net Income Growth | 4.85% | -29.29% | -3.16% | 6.93% | 35.80% | 75.49% |
Basic Shares Outstanding | 28 | 28 | 28 | 28 | 27 | 24 |
Diluted Shares Outstanding | 28 | 28 | 29 | 28 | 28 | 26 |
Shares Change | 0.01% | -0.54% | 0.97% | 2.14% | 5.34% | 34.28% |
EPS (Basic) | 4.52 | 3.98 | 5.58 | 5.82 | 5.57 | 4.69 |
EPS (Diluted) | 4.44 | 3.93 | 5.52 | 5.77 | 5.52 | 4.55 |
EPS Growth | 4.83% | -28.87% | -4.21% | 4.45% | 21.24% | 39.27% |
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 |
Dividend Per Share | 7.600 | 7.600 | 7.520 | 7.220 | 7.100 | 5.720 |
Dividend Growth | 0% | 1.06% | 4.15% | 1.69% | 24.13% | 27.96% |
Operating Margin | 47.83% | 48.87% | 55.94% | 57.21% | 61.16% | 66.18% |
Profit Margin | 47.83% | 41.91% | 51.08% | 52.59% | 55.07% | 54.79% |
EBITDA | 201.71 | 204.05 | 243.39 | 244.26 | 230.33 | 177.15 |
EBITDA Margin | 76.44% | 76.72% | 78.89% | 78.92% | 83.34% | 86.61% |
D&A For Ebitda | 75.49 | 74.07 | 70.81 | 67.19 | 61.3 | 41.78 |
EBIT | 126.22 | 129.98 | 172.58 | 177.07 | 169.03 | 135.37 |
EBIT Margin | 47.83% | 48.87% | 55.94% | 57.21% | 61.16% | 66.18% |
Funds From Operations (FFO) | 194.35 | 192.36 | 230.21 | 231.43 | 210.74 | 154.41 |
FFO Per Share | 6.77 | 6.78 | 8.07 | 8.20 | 7.64 | 6.17 |
Adjusted Funds From Operations (AFFO) | 214.55 | 205.41 | 256.12 | 256.28 | 233.09 | 167.44 |
AFFO Per Share | 7.23 | 7.24 | 8.98 | 9.08 | 8.45 | 6.66 |
FFO Payout Ratio | 110.69% | 112.43% | 92.07% | 87.59% | 87.29% | 84.81% |
Revenue as Reported | 263.89 | 265.96 | 308.52 | 309.51 | 276.36 | 204.55 |