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Innovative Industrial Properties, Inc.(IIPR)Earnings, Financials & Key Ratios
IIPR•NYSE•REIT / Real Estate
15.2× P/E·Price updated Jun 19, 2026
AboutInnovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.Show more
- Revenue$266M-13.8%
- FFO$189M-18.9%
- FFO/Share6.64-18.5%
- FFO Payout114.73%+25.8%
- FFO per Share6.64-18.5%
- NOI Margin88.65%-2.3%
- FFO Margin70.88%-5.9%
- ROE6.05%-27.2%
- ROA4.82%-28.9%
IIPR Key Insights
Innovative Industrial Properties, Inc. (IIPR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High NOI margin of 88.7%
- ✓Trading near 52-week high
- ✓Trading at only 0.9x book value
✗Weaknesses
- ✗FFO declining 13.8% TTM
- ✗Dividend exceeds FFO - may not be sustainable
- ✗Dividend payout exceeds 100% of earnings
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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IIPR Price & Volume
Innovative Industrial Properties, Inc. (IIPR) stock price & volume — 10-year historical chart
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IIPR Growth Metrics
Innovative Industrial Properties, Inc. (IIPR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years17.87%
3 Years-1.27%
TTM-13.63%
Profit CAGR
10 Years-
5 Years11.73%
3 Years-9.5%
TTM-21.74%
EPS CAGR
10 Years-
5 Years3.75%
3 Years-10.71%
TTM-24.62%
Return on Capital
10 Years4.34%
5 Years7.31%
3 Years6.99%
Last Year5.78%
IIPR Recent Earnings
Innovative Industrial Properties, Inc. (IIPR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 4, 2026Metric
Actual
Est
EPS
$1.88+75.7%
$1.07
Rev
$69M+5.1%
$66M
Q1 2026
Feb 23, 2026Metric
Actual
Est
EPS
$1.88+79.0%
$1.05
Rev
$67M+1.3%
$66M
Q4 2025
Nov 3, 2025Metric
Actual
Est
EPS
$1.71+0.0%
$1.71
Rev
$65M-2.2%
$66M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$1.71+6.2%
$1.61
Rev
$63M-3.3%
$65M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 4, 2026 | $1.88vs $1.07+75.7% | $69Mvs $66M+5.1% |
| Q1 2026 | Feb 23, 2026 | $1.88vs $1.05+79.0% | $67Mvs $66M+1.3% |
| Q4 2025 | Nov 3, 2025 | $1.71vs $1.71+0.0% | $65Mvs $66M-2.2% |
| Q3 2025 | Aug 6, 2025 | $1.71vs $1.61+6.2% | $63Mvs $65M-3.3% |
Based on last 12 quarters of dataView full earnings history →
IIPR Peer Comparison
Innovative Industrial Properties, Inc. (IIPR) competitors in Cold Storage and Specialty Industrial REITs — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 REFI | 242.82M | 11.45 | 6.82 | 15.18% | 51.77% | 0.04% | 0.32 | |
 SACH | 44.6M | 0.93 | 23.72 | -18.16% | -1.5% | -0.39% | 1.59 | |
 O | 56.17B | 60.24 | 51.49 | 9.07% | 18.94% | 2.8% | 0.82 | |
 STAG | 7.23B | 37.80 | 25.89 | 10.14% | 28.26% | 6.8% | 0.90 | |
 COLD | 4.01B | 14.07 | -35.18 | -2.43% | -4.29% | -3.73% | 1.54 | |
 GTY | 1.98B | 32.68 | 24.21 | 9.02% | 40.06% | 8.76% | 0.98 | |
 EPRT | 6.35B | 29.36 | 22.94 | 24.97% | 43.28% | 6.3% | 0.60 | |
 ADC | 8.8B | 73.25 | 41.38 | 16.42% | 29.28% | 3.65% | 0.53 |
Compare IIPR vs Peers
Innovative Industrial Properties, Inc. (IIPR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
IIPR Income Statement
Innovative Industrial Properties, Inc. (IIPR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 6.42M | 14.79M | 44.67M | 116.9M | 204.55M | 276.36M | 309.51M | 308.52M | 265.95M | 263.23M |
Revenue Growth % | 1900% | 130.33% | 202.07% | 161.71% | 74.99% | 35.11% | 11.99% | -0.32% | -13.8% | -13.63% |
Property Operating Expenses | 118K | 445K | 1.31M | 4.95M | 4.44M | 10.52M | 24.89M | 28.47M | 30.18M | 104.62M |
Net Operating Income (NOI) | 6.3M▲ 0% | 14.34M▲ 127.6% | 43.35M▲ 202.3% | 111.94M▲ 158.2% | 200.11M▲ 78.8% | 265.84M▲ 32.8% | 284.61M▲ 7.1% | 280.05M▼ 1.6% | 235.78M▼ 15.8% | 158.61M▲ 0% |
NOI Margin % | 98.16% | 96.99% | 97.06% | 95.76% | 97.83% | 96.19% | 91.96% | 90.77% | 88.65% | 60.26% |
Operating Expenses | 6.41M | 9M | 18.42M | 42.21M | 64.74M | 96.22M | 110.03M | 111.7M | 111.66M | 35.64M |
G&A Expenses | 5.5M | 6.38M | 9.82M | 14.18M | 22.96M | 38.52M | 42.83M | 37.44M | 33.73M | 25.27M |
EBITDA | 6.42M | 14.79M | 33.53M | 97.76M | 177.15M | 230.92M | 241.78M | 239.15M | 198.19M | 197.23M |
EBITDA Margin % | 100% | 100% | 75.08% | 83.63% | 86.6% | 83.56% | 78.12% | 77.52% | 74.52% | 74.93% |
Depreciation & Amortization | 6.64M | 9.45M | 8.6M | 28.02M | 41.78M | 61.3M | 67.19M | 70.81M | 74.07M | 74.26M |
D&A / Revenue % | 103.47% | 63.9% | 19.25% | 23.97% | 20.42% | 22.18% | 21.71% | 22.95% | 27.85% | 28.21% |
Operating Income | -223K▲ 0% | 5.34M▲ 2493.7% | 24.93M▲ 367.1% | 69.74M▲ 179.7% | 135.37M▲ 94.1% | 169.62M▲ 25.3% | 174.59M▲ 2.9% | 168.34M▼ 3.6% | 124.12M▼ 26.3% | 122.97M▲ 0% |
Operating Margin % | -3.47% | 36.1% | 55.82% | 59.66% | 66.18% | 61.38% | 56.41% | 54.57% | 46.67% | 46.72% |
Interest Expense | 0 | 0 | 6.31M | 7.43M | 18.09M | 18.3M | 16.1M | 16.26M | 20.2M | 4M |
Interest Coverage | - | - | 4.60x | 9.72x | 7.21x | 9.36x | 11.29x | 10.94x | 6.67x | - |
Non-Operating Income | 0 | -1.65M | -4.07M | -2.48M | 5M | -1.72M | -7.1M | -9.57M | -10.51M | -19.13M |
Pretax Income | -72K▲ 0% | 6.99M▲ 9801.4% | 23.48M▲ 236.1% | 65.73M▲ 180.0% | 113.99M▲ 73.4% | 154.39M▲ 35.4% | 165.59M▲ 7.3% | 161.65M▼ 2.4% | 114.44M▼ 29.2% | 119.98M▲ 0% |
Pretax Margin % | -1.12% | 47.24% | 52.56% | 56.23% | 55.73% | 55.86% | 53.5% | 52.4% | 43.03% | 45.58% |
Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Net Income | -72K▲ 0% | 6.99M▲ 9801.4% | 23.48M▲ 236.1% | 65.73M▲ 180.0% | 113.99M▲ 73.4% | 154.39M▲ 35.4% | 165.59M▲ 7.3% | 161.66M▼ 2.4% | 114.44M▼ 29.2% | 119.98M▲ 0% |
Net Margin % | -1.12% | 47.24% | 52.56% | 56.23% | 55.73% | 55.86% | 53.5% | 52.4% | 43.03% | 45.58% |
Net Income Growth % | 98.36% | 9801.39% | 236.08% | 180% | 73.42% | 35.44% | 7.26% | -2.37% | -29.21% | -21.74% |
Funds From Operations (FFO) | 6.57M▲ 0% | 16.43M▲ 150.1% | 32.07M▲ 95.2% | 93.75M▲ 192.3% | 155.77M▲ 66.1% | 215.69M▲ 38.5% | 232.78M▲ 7.9% | 232.47M▼ 0.1% | 188.5M▼ 18.9% | 194.24M▲ 0% |
FFO Margin % | 102.35% | 111.14% | 71.81% | 80.2% | 76.15% | 78.05% | 75.21% | 75.35% | 70.88% | 73.79% |
FFO Growth % | 1947.04% | 150.1% | 95.17% | 192.31% | 66.14% | 38.47% | 7.92% | -0.13% | -18.91% | -52.33% |
FFO per Share | 1.95 | 2.26 | 3.00 | 4.79 | 5.93 | 7.80 | 8.24 | 8.15 | 6.64 | 6.82 |
FFO Payout Ratio % | 15.98% | 40.42% | 70.41% | 80.49% | 84.07% | 85.28% | 87.08% | 91.18% | 114.73% | 83.41% |
EPS (Diluted) | -0.02▲ 0% | 0.96▲ 4607.0% | 1.61▲ 67.7% | 3.27▲ 103.1% | 4.55▲ 39.1% | 5.52▲ 21.3% | 5.77▲ 4.5% | 5.52▼ 4.3% | 3.93▼ 28.8% | 4.21▲ 0% |
EPS Growth % | 99.53% | 4607.04% | 67.71% | 103.11% | 39.14% | 21.32% | 4.53% | -4.33% | -28.8% | -24.62% |
EPS (Basic) | -0.02 | 0.98 | 1.63 | 3.28 | 4.69 | 5.57 | 5.82 | 5.58 | 3.98 | - |
Diluted Shares Outstanding | 3.38M | 7.29M | 10.68M | 19.56M | 26.26M | 27.66M | 28.26M | 28.53M | 28.38M | 28.47M |
IIPR Balance Sheet
Innovative Industrial Properties, Inc. (IIPR) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 80.03M | 281.47M | 745.86M | 1.77B | 2.08B | 2.41B | 2.39B | 2.38B | 2.37B | 2.39B |
Asset Growth % | 26.37% | 251.71% | 164.99% | 137.05% | 17.9% | 15.84% | -0.98% | -0.55% | -0.3% | -4.26% |
Real Estate & Other Assets | 68.27M | 147.97M | 507.74M | 1.02B | 1.65B | 2.1B | 2.2B | 2.2B | -2.29B | -2.27B |
PP&E (Net) | 0 | 0 | 1.2M | 980K | 1.07M | 1.74M | 1.35M | 946K | 509K | 0 |
Investment Securities | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Total Current Assets | 11.76M | 13.05M | 117.32M | 126.01M | 99.33M | 106.59M | 163.7M | 169.04M | 47.6M | 89.12M |
Cash & Equivalents | 11.76M | 13.05M | 82.24M | 126.01M | 81.1M | 87.12M | 140.25M | 146.25M | 47.6M | 89.12M |
Receivables | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
Other Current Assets | -482K | 0 | 35.07M | 0 | 5.32M | 1.45M | 1.45M | 0 | -16.8M | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 9.15M | 9.11M | 8.24M | 7.38M | 6.37M | 6.16M |
Total Liabilities | 6.48M | 17.17M | 197.85M | 243.11M | 472.9M | 452.94M | 438.12M | 441.99M | 522.85M | 499.44M |
Total Debt | 0 | 0 | 135.86M | 137.75M | 326.09M | 301.5M | 300.88M | 297.87M | 393.7M | 365.98M |
Net Debt | -11.76M | -13.05M | 53.61M | 11.74M | 245M | 214.37M | 160.63M | 151.62M | 346.1M | 276.86M |
Long-Term Debt | 0 | 0 | 134.65M | 136.69M | 326.09M | 301.5M | 300.88M | 297.87M | 74.41M | 365.98M |
Short-Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 319.26M | 0 |
Capital Lease Obligations | 0 | 0 | 1.2M | 1.06M | 0 | 0 | 0 | 0 | 27K | 27K |
Total Current Liabilities | 6.44M | 17.17M | 61.99M | 105.36M | 145.64M | 149.55M | 132.18M | 132.78M | 319.26M | 0 |
Accounts Payable | 1.08M | 4.4M | 28.39M | 41.14M | 53.99M | 39.99M | 21M | 20.79M | 13.83M | 0 |
Deferred Revenue | 4.16M | 9.01M | 20.63M | 34.15M | 52.8M | 58.72M | 59.36M | 57.18M | 50.31M | 0 |
Other Liabilities | -4.12M | -9.01M | -20.63M | -34.15M | 1.17M | 1.9M | 5.06M | 11.34M | 129.18M | 133.46M |
Total Equity | 73.55M▲ 0% | 264.29M▲ 259.3% | 548.01M▲ 107.4% | 1.52B▲ 178.3% | 1.61B▲ 5.7% | 1.96B▲ 21.7% | 1.95B▼ 0.5% | 1.94B▼ 0.9% | 1.85B▼ 4.5% | 1.89B▲ 0% |
Equity Growth % | 21.69% | 259.34% | 107.35% | 178.27% | 5.69% | 21.73% | -0.45% | -0.87% | -4.55% | -13.69% |
Shareholders Equity | 73.55M | 264.29M | 548.01M | 1.52B | 1.61B | 1.96B | 1.95B | 1.94B | 1.85B | 1.89B |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common Stock | 4K | 10K | 13K | 24K | 26K | 28K | 28K | 28K | 28K | 28K |
Additional Paid-in Capital | 64M | 260.54M | 553.93M | 1.56B | 1.67B | 2.07B | 2.1B | 2.12B | 2.11B | 2.12B |
Retained Earnings | -4.46M | -10.27M | -19.94M | -48.12M | -75.22M | -117.39M | -156.85M | -211.71M | -312.99M | -337.28M |
Preferred Stock | 14.01M | 14.01M | 14.01M | 14.01M | 14.01M | 14.01M | 14.01M | 23.63M | 47.78M | 108.08M |
Return on Assets (ROA) | -0.1% | 3.86% | 4.57% | 5.23% | 5.92% | 6.86% | 6.89% | 6.78% | 4.82% | 5.1% |
Return on Equity (ROE) | -0.11% | 4.14% | 5.78% | 6.34% | 7.27% | 8.64% | 8.46% | 8.31% | 6.05% | 6.41% |
Debt / Assets | - | - | 18.21% | 7.79% | 15.64% | 12.49% | 12.58% | 12.53% | 16.61% | 15.29% |
Debt / Equity | - | - | 0.25x | 0.09x | 0.20x | 0.15x | 0.15x | 0.15x | 0.21x | 0.19x |
Net Debt / EBITDA | -1.83x | -0.88x | 1.60x | 0.12x | 1.38x | 0.93x | 0.66x | 0.63x | 1.75x | 1.40x |
Book Value per Share | 21.79 | 36.27 | 51.29 | 77.97 | 61.37 | 70.92 | 69.12 | 67.86 | 65.12 | 66.55 |
IIPR Cash Flow Statement
Innovative Industrial Properties, Inc. (IIPR) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 5.01M | 15.69M | 44.93M | 110.81M | 188.75M | 234.13M | 255.54M | 258.45M | 198.19M | 143.95M |
Operating CF Growth % | 196.22% | 212.92% | 186.33% | 146.62% | 70.33% | 24.04% | 9.15% | 1.14% | -23.32% | -168.31% |
Operating CF / Revenue % | 78.12% | 106.13% | 100.6% | 94.8% | 92.27% | 84.72% | 82.56% | 83.77% | 74.52% | 54.69% |
Net Income | -72K | 6.99M | 23.48M | 65.73M | 113.99M | 154.39M | 165.59M | 161.66M | 114.44M | 119.98M |
Depreciation & Amortization | 915K | 2.63M | 8.6M | 28.02M | 41.78M | 61.3M | 67.19M | 70.81M | 74.07M | 74.26M |
Stock-Based Compensation | 1.72M | 1.47M | 2.5M | 3.33M | 8.62M | 17.51M | 19.58M | 17.32M | 10.13M | 8.05M |
Other Non-Cash Items | 2.62M | -955K | 1.68M | 2.2M | 6.3M | 216.62M | -1.74M | 4.71M | 8.56M | -50.63M |
Working Capital Changes | 2.45M | 5.57M | 12.43M | 14.32M | 18.07M | -215.69M | 4.92M | 3.95M | -9.01M | -7.72M |
Cash from Investing | -38.65M | -199.25M | -340.63M | -1.03B | -384.09M | -396.2M | -6.79M | -56M | -174.3M | -157.15M |
Acquisitions (Net) | 0 | 0 | -650K | -200K | 0 | 373.88M | 0 | 0 | 0 | 105.23M |
Purchase of Investments | -32.73M | -184.99M | -255.66M | -1.08B | -569.77M | -538.89M | -150.76M | -45.11M | -5.26M | -255.49M |
Sale of Investments | 0 | 65.5M | 260.25M | 580.98M | 864.5M | 515M | 294.06M | 62.56M | 10.26M | 5.26M |
Other Investing | -38.65M | -79.77M | -650K | -200K | -678.82M | -372.31M | -150.09M | -73.45M | -179.3M | -9.7M |
Cash from Financing | 12.38M | 184.85M | 399.96M | 924.99M | 155.76M | 164.22M | -195.63M | -197.9M | -122.54M | -67.22M |
Dividends Paid | -1.05M | -7.98M | -23.94M | -76.82M | -132.31M | -185.29M | -204.06M | -213.53M | -219.51M | -164.7M |
Common Dividends | -1.05M | -6.64M | -22.58M | -75.46M | -130.95M | -183.94M | -202.71M | -211.95M | -216.28M | -162.02M |
Debt Issuance (Net) | 0 | 0 | 1000K | 0 | 1000K | 0 | 0 | -1000K | 1000K | 2M |
Share Repurchases | -298K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20.11M | -19.82M |
Other Financing | -574K | -390K | -939K | -2.17M | -11.94M | -2.44M | -1.13M | -1.32M | -864K | -161K |
Net Change in Cash | -21.25M▲ 0% | 1.29M▲ 106.1% | 104.27M▲ 7970.1% | 8.69M▼ 91.7% | -39.59M▼ 555.5% | 2.15M▲ 105.4% | 53.13M▲ 2367.6% | 4.55M▼ 91.4% | -98.65M▼ 2270.0% | -38.89M▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41.52M |
Cash at Beginning | 33M | 11.76M | 13.05M | 117.32M | 126.01M | 86.42M | 88.57M | 141.7M | 146.25M | 47.6M |
Cash at End | 11.76M | 13.05M | 117.32M | 126.01M | 86.42M | 88.57M | 141.7M | 146.25M | 47.6M | 89.12M |
Free Cash Flow | -896K▲ 0% | -6.6M▼ 636.6% | -298.98M▼ 4430.0% | -419.01M▼ 40.1% | 188.75M▲ 145.0% | -139.75M▼ 174.0% | 255.54M▲ 282.9% | 258.45M▲ 1.1% | 174.76M▼ 32.4% | 143.95M▲ 0% |
FCF Growth % | 96.84% | -636.61% | -4430.03% | -40.15% | 145.05% | -174.04% | 282.86% | 1.14% | -32.38% | -35.72% |
FCF / Revenue % | -13.96% | -44.63% | -669.36% | -358.45% | 92.27% | -50.57% | 82.56% | 83.77% | 65.71% | 54.69% |
IIPR Key Ratios
Innovative Industrial Properties, Inc. (IIPR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
FFO per Share | 1.95 | 2.26 | 3 | 4.79 | 5.93 | 7.8 | 8.24 | 8.15 | 6.64 | 6.82 |
FFO Payout Ratio | 15.98% | 40.42% | 70.41% | 80.49% | 84.07% | 85.28% | 87.08% | 91.18% | 114.73% | 83.41% |
NOI Margin | 98.16% | 96.99% | 97.06% | 95.76% | 97.83% | 96.19% | 91.96% | 90.77% | 88.65% | 60.26% |
Net Debt / EBITDA | -1.83x | -0.88x | 1.60x | 0.12x | 1.38x | 0.93x | 0.66x | 0.63x | 1.75x | 1.40x |
Debt / Assets | - | - | 18.21% | 7.79% | 15.64% | 12.49% | 12.58% | 12.53% | 16.61% | 15.29% |
Interest Coverage | - | - | 4.60x | 9.72x | 7.21x | 9.36x | 11.29x | 10.94x | 6.67x | - |
Book Value / Share | 21.79 | 36.27 | 51.29 | 77.97 | 61.37 | 70.92 | 69.12 | 67.86 | 65.12 | 66.55 |
Revenue Growth | 1900% | 130.33% | 202.07% | 161.71% | 74.99% | 35.11% | 11.99% | -0.32% | -13.8% | -13.63% |
Related:IIPR Dividend History·IIPR Revenue History·IIPR Price History·IIPR P/E History·IIPR Financial Ratios·IIPR Institutional Holders
IIPR SEC Filings & Documents
Innovative Industrial Properties, Inc. (IIPR) SEC filings — annual & quarterly reports (10-K, 10-Q)
IIPR Frequently Asked Questions
Innovative Industrial Properties, Inc. (IIPR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Innovative Industrial Properties, Inc. (IIPR) reported $263.2M in revenue for fiscal year 2025. This represents a 81903% increase from $0.3M in 2016.
Innovative Industrial Properties, Inc. (IIPR) saw revenue decline by 13.8% over the past year.
Yes, Innovative Industrial Properties, Inc. (IIPR) is profitable, generating $120.0M in net income for fiscal year 2025 (43.0% net margin).
Dividend & Returns
Yes, Innovative Industrial Properties, Inc. (IIPR) pays a dividend with a yield of 12.79%. This makes it attractive for income-focused investors.
Innovative Industrial Properties, Inc. (IIPR) has a return on equity (ROE) of 6.0%. This is below average, suggesting room for improvement.
Industry Metrics
Innovative Industrial Properties, Inc. (IIPR) generated Funds From Operations (FFO) of $194.2M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Innovative Industrial Properties, Inc. (IIPR) offers a 12.79% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.