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Innovative Industrial Properties Inc
XNYS: IIPR
51.83-0.09(-0.17%)
207.7K
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XNYS 09 Oct, 2026 5:30 PM (EDT)

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Innovative Industrial Properties Inc quarterly and annual earnings report: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

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Forecaster Analyst Estimates for Innovative Industrial Properties Inc share price target, revenues, EPS, net income and more

Innovative Industrial Properties Inc quarterly results: revenue, profit, and P&L – 13 quarter history

  • POSITIVE

    Quarterly Revenue Innovative Industrial Properties Inc Jun-2026 Quarterly Revenue is $63 Million which is growth of 0.7% YoY.

  • POSITIVE

    Quarterly Net Profit Innovative Industrial Properties Inc Jun-2026 Quarterly Net Profit is $44 Million which is growth of 68.5% YoY.

Innovative Industrial Properties Inc, Earnings Report - Quarterly Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphJun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23
Operating Rev.
63.36966.764.762.971.776.776.579.875.579.277.876.5
Cost Of Rev.
7.27.6886.97.47.67.36.96.77.26.35.8
Gross Profit
56.161.458.756.75664.369.169.272.968.87271.570.7
⌄
26.528.926.527.327.126.927.127.327.126.72827.727.3
Operating Profit
29.632.532.229.428.937.5424245.8424443.943.4
2.4-0.1-0-0.1-2.9-2.9-2-1.7-0.4-2.6-2.3-2.3-2.2
Profit Before Tax
43.932.831.829.32631.14040.24239.441.641.641.3
Tax
-------------
⌄
39.529.23027.624.429.638.939.141.138.640.940.940.6
Diluted NI Avail to Com Stockholders Ann.
40.729.23027.624.429.638.939.141.138.64140.940.6
Basic EPS
1.411.110.91.11.41.41.51.41.51.51.5
Diluted EPS After ExtraOrdinary
1.111.110.91.11.41.41.51.41.51.51.4
Number Of Shares End
28.42827.927.927.928.328.328.328.328.2282828
Net Income Continuing Discontinued Operations
43.932.831.829.32631.14040.24239.441.641.641.3
Normalized Income
36.732.632.129.32633.74040.244.639.441.641.641.3
Interest Income
10.86.36.74.41.61.62.62.741.81.82.12.3
Interest
8.46.45.34.54.44.53.14.44.34.42.84.34.5
Net Interest Income
2.4-0.1-0-0.1-2.9-2.9-2-1.7-0.4-2.6-2.3-2.3-2.2
EBIT
52.239.237.133.830.535.643.144.646.343.844.445.945.7
EBITDA
7157.855.652.5495461.462.663.86161.562.662.5
Reconciled Cost Of Rev.
7.27.6886.97.47.67.36.96.77.26.35.8
Reconciled Depr.
18.818.618.518.618.518.418.217.917.517.217.116.716.7
Profit From Continuing Operations
43.932.831.829.32631.14040.24239.441.641.641.3
Normalized EBITDA
59.257.45652.54957.561.462.667.26161.562.662.5
*All financials are in USD Million and price data in USD

Innovative Industrial Properties Inc competitor comparison and performance snapshot within industry

Innovative Industrial Properties Inc annual results: revenue, profit, P&L, and margins as of Dec 2025 – 11 year history

  • NEGATIVE

    Annual Revenue Innovative Industrial Properties Inc Dec-2025 Annual Revenue is $266 Million which is growth of -13.8% YoY.

  • NEGATIVE

    Annual Net Profit Innovative Industrial Properties Inc Dec-2025 Annual Net Profit is $118 Million which is growth of -26.9% YoY.

Innovative Industrial Properties Inc, Earnings Report - Annual Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsTTMDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Sep '16
-1.3%
17.9%
 266308.5309.5276.4204.6116.944.714.86.40.3-
Cost Of Rev. Ann.
42.2%
43.3%
30.730.228.524.910.54.451.30.50.10.1-
Gross Profit Ann.
-3.9%
16.1%
233235.8280.1284.6265.8200.1111.943.414.36.30.2-
Operating Exp. Ann.
2.6%
20.6%
109.3107.8108.311099.864.742.218.496.40.9
Operating Profit Ann.
-8.3%
12.9%
123.7128171.8174.6166135.469.724.95.3-0.1-0.7
-
-
2.2-5.9-6.7-9-15.1-17.7-4-1.51.70.2--
Other Exp. Ann.
-
-
 -3.9-3.503.5-3.7----0.1-3.7-
PBT Ann.
-8.5%
12.5%
137.8118.3161.7165.6154.411465.723.57-0.1-4.4-
Tax Ann.
-
-
 -----------
⌄
-9.9%
11.8%
126.2111.5157.6162.8152.2112.163.921.75.5-0.5-4.4-
Diluted NI Avail to Com Stockholders Ann.
-10%
11.8%
127.3111.5157.6163152.8119.663.921.75.5-0.5-4.4-
EPS Ann.
-10.6%
3.9%
 45.65.85.64.73.32.10.8-0.1-4.6-
Diluted EPS Ann.
-10.8%
3.4%
 3.95.55.85.54.63.320.8-0.1-4.6-
Number Of Shares End
-0.1%
4.1%
 27.928.3282823.922.811.99.43.43.43.4
Total Exp. Ann.
7.8%
23.9%
 138136.7134.9110.369.247.219.79.56.51-
Net Income Continuing Discontinued Operations Ann.
-8.5%
12.5%
137.8118.3161.7165.6154.411465.723.57-0.1-4.4-
Normalized Income Ann.
-7.2%
13%
130.7121.1164.2165.6151.711465.723.570-0.7-
Interest Income Ann.
64.7%
33.3%
28.214.3118.53.20.43.44.91.70.2--
Interest Ann.
3.2%
23.5%
24.618.716.316.11716.46.55.5----
EBITDA Ann.
-3.2%
16.1%
236.9211248.7248.9232.6172.2100.237.680.8-0.7-
Reconciled Cost Of Rev. Ann.
42.2%
43.3%
30.730.228.524.910.54.451.30.50.10.1-
Reconciled Depr. Ann.
6.5%
21.5%
74.674.170.867.261.341.8288.62.60.90-
Profit From Continuing Operations Ann.
-8.5%
12.5%
137.8118.3161.7165.6154.411465.723.57-0.1-4.4-
Normalized EBITDA Ann.
-2.1%
16.5%
225214.9252.2248.9229172.2100.237.680.93.1-
*All financials are in USD Million and price data in USD
Total Rev. Ann.
1Y CHG
-13.8%
2Y CAGR
-7.3%
3Y CAGR
-1.3%
5Y CAGR
17.9%
7Y CAGR
51.1%
Total Revenue Annual is falling faster than historical averages.
Net Profit Ann.
1Y CHG
-26.8%
2Y CAGR
-15.5%
3Y CAGR
-8.5%
5Y CAGR
12.5%
7Y CAGR
49.8%
Net Profit Annual is falling faster than historical averages.
Operating Exp. Ann.
1Y CHG
-0.5%
2Y CAGR
-1%
3Y CAGR
2.6%
5Y CAGR
20.6%
7Y CAGR
42.6%
Operating Expenses Annual Cr is falling faster than historical averages.

Innovative Industrial Properties Inc balance sheet as of Dec 2025: assets, liabilities, reserves, and borrowings – 11 year history

  • NEGATIVE

    Total Shareholders Fund Innovative Industrial Properties Inc Dec-2025 Total Shareholders Fund is $1,800 Million which is growth of -5.9% YoY.

  • NEGATIVE

    Total Assets Innovative Industrial Properties Inc Dec-2025 Total Assets is $2,371 Million which is growth of -0.3% YoY.

Innovative Industrial Properties Inc, Balance Sheet, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Sep '16
-0.6%
6%
2,370.92,378.12,391.12,414.82,084.61,768.1745.9281.58063.30.4
⌄
4.9%
16.6%
522.9442438.1452.9472.9243.1197.917.26.52.90.4
⌄
-2.6%
3.6%
1,800.21,912.41,9391,947.91,597.71,511534250.359.560.4
Total Capitalization Ann.
-1.9%
5.2%
2,138.62,233.92,253.92,263.41,937.81,661.7682.7264.373.660.4
Tangible Assets Ann.
-1.9%
3.8%
1,841.61,928.71,944.71,952.81,602.61,525548264.373.660.4
Working Capital Ann.
-
-
-54.736.331.5-43-46.320.755.3116.35.830.7
Invested Capital Ann.
-0.8%
5.9%
2,193.32,210.32,239.82,249.41,923.81,647.7668.7250.359.560.4
Tangible Book Value Ann.
-2.6%
3.5%
1,793.91,9051,930.71,938.81,588.51,511534250.359.560.4
Borrowings Ann.
9.2%
23.3%
393.1297.9300.9301.5326.1137.8135.9----
Net Debt Ann.
17.2%
100.4%
345.5151.6160.6214.424510.752.4----
Share Issued Ann.
0%
3.2%
2828.328.12825.623.912.69.83.53.410.1
Number Of Shares End
-0.1%
4.1%
27.928.3282823.922.811.99.43.43.43.4
*All financials are in USD Million and price data in USD
Total Assets Ann.
1Y CHG
-0.3%
2Y CAGR
-0.4%
3Y CAGR
-0.6%
5Y CAGR
6%
7Y CAGR
35.6%
Total Assets Annual is falling faster than historical averages.
Total Current Liabilities Ann.
1Y CHG
66.9%
2Y CAGR
29.5%
3Y CAGR
14%
5Y CAGR
16%
7Y CAGR
44.1%
Total Current Liabilities Annual Cr growth is higher than historical averages.
Total ShareHolders Funds Ann.
1Y CHG
-5.9%
2Y CAGR
-3.6%
3Y CAGR
-2.6%
5Y CAGR
3.6%
7Y CAGR
32.6%
Total ShareHolders Funds Annual is falling faster than historical averages.

Innovative Industrial Properties Inc ROE, ROCE, book value, and debt-to-equity ratio as of Dec 2025 – 11 year history

  • NEGATIVE

    Book Value Per Share Innovative Industrial Properties Inc Book Value Per Share is $62 which is growth of -5.0% YoY.

  • NEUTRAL

    ROE Innovative Industrial Properties Inc ROE is 0% which is growth of 0% YoY.

Innovative Industrial Properties Inc, Ratios, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Sep '16
RoA Ann. %
-
-
-6.61%6.77%6.77%5.82%5.08%4.23%3.02%-0.63%-6.94%-
ROE Ann. %
-
-
-8.18%8.37%8.59%7.21%6.25%5.54%3.52%-0.76%-7.27%-
ROIC %
-
-
-1.81.91.91.61.41.60.90.4-13.9-39,370.1
OPM Ann. %
-7.1%
-4.2%
48.12%55.68%56.41%60.07%66.18%59.66%55.82%36.10%-1.71%-213.40%-
Inventory Turnover Ratio Ann.
-
-
-----------
Asset Turnover Ann. %
-
-
-0.10.10.10.10.10.10.10.10-
Working Capital Turnover Ann.
-
-
-4.98.59.8-6.4-4.45.70.80.11.10-
Quick Ratio Ann.
-
-
-1.31.20.70.71.21.37.81.812.6
Current Ratio Ann.
-
-
-1.31.20.70.71.21.97.81.912.71
Interest Coverage Ratio Ann.
-
-
-10.911.310.1811.15.3----
LT Debt To Equity Ann.
-
-
-0.20.20.20.20.10.3----
*All financials are in USD Million and price data in USD

Innovative Industrial Properties Inc cash flow: net, operating, investing, and financing flows as of Dec 2025 – 11 year history

  • NEGATIVE

    Cash From Operating Activity Innovative Industrial Properties Inc Dec-2025 Cash From Operating Activity is $198 Million which is growth of -23.3% YoY.

  • NEGATIVE

    Net Cash Flow Innovative Industrial Properties Inc Dec-2025 Net Cash Flow is $-99 Million which is growth of -2270.0% YoY.

Innovative Industrial Properties Inc, Cash Flow, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Sep '16
-5.4%
12.3%
198.2258.5255.5234.1188.8110.844.915.751.7-
-
-
-174.3-56-6.8-396.2-384.1-1,027.1-340.6-199.3-38.6-30-
-
-
-122.5-197.9-195.6164.2155.8925400184.912.461.3-
Cash Plus Cash Eqv. End Of Year Ann.
-18.7%
-17.7%
47.6146.2141.788.686.4126117.313.111.833-
Net Increase In Cash Plus Cash Eqv.s Ann.
-
-
-98.74.653.12.2-39.68.7104.31.3-21.233-
Cash Plus Cash Eqv. Begin Of Year Ann.
19.2%
4.5%
146.2141.788.686.4126117.313.111.833-
Income Tax Paid Supplemental Data Ann.
-
-
-----------
Interest Paid Supplemental Data Ann.
0.2%
26.4%
17.416.116.117.314.45.43.1----
Capex Ann.
-
-
---------5.9-30-
Issuance Of Capital Stock Ann.
-59%
-52.5%
24.221.49.63521,004286.3193.21461.3-
Issuance Of Debt Ann.
-
-
155-300138.5----
Repayment Of Debt Ann.
-
-
-61.2-4.4---------
Repurchase Of Capital Stock Ann.
-
-
-20.1--------0.3-
Free Cash Flow Ann.
-5.4%
12.3%
198.2258.5255.5234.1188.8110.844.915.7-0.9-28.3-
*All financials are in USD Million and price data in USD
Cash from Operating Act. Ann.
1Y CHG
-23.3%
2Y CAGR
-11.9%
3Y CAGR
-5.4%
5Y CAGR
12.3%
7Y CAGR
43.7%
Cash from Operating Activity Annual is falling faster than historical averages.