Innovative Industrial Properties, Inc. (IIPR) Earnings History
Annual and quarterly earnings data from 2016 to 2025
Loading earnings history...
EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 88.7% | 46.7% | 43.0% |
| 2024 | 90.8% | 54.6% | 52.4% |
| 2023 | 92.0% | 56.4% | 53.5% |
| 2022 | 96.2% | 61.4% | 55.9% |
| 2021 | 97.8% | 66.2% | 55.7% |
Download Data
Export IIPR earnings history in CSV or JSON format
Free sign-in required to download data
Innovative Industrial Properties, Inc. (IIPR) Earnings Overview
As of March 2, 2026, Innovative Industrial Properties, Inc. (IIPR) reported trailing twelve-month net income of $118M, reflecting -0.3% year-over-year growth. The company earned $4.18 per diluted share over the past four quarters, with a net profit margin of 0.4%.
Looking at the long-term picture, IIPR's 5-year EPS compound annual growth rate (CAGR) stands at +3.7%, reflecting modest earnings expansion. The company achieved its highest annual net income of $166M in fiscal 2023.
Innovative Industrial Properties, Inc. maintains positive profitability with a gross margin of 0.9%, operating margin of 0.5%, and net margin of 0.4%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including LINE (-$100M net income, -0.0% margin), COLD (-$115M net income, -0.0% margin), IIPR has outperformed on profitability metrics. Compare IIPR vs LINE →
Peer Comparison
Earnings metrics vs industry competitors
| Company | TTM Net Income | TTM EPS | Net Margin | ROE | YoY Growth | Compare |
|---|---|---|---|---|---|---|
IIPRCurrent | $118M | $4.18 | 0.4% | 0.1% | -0.3% | — |
LINE | -$100M | $-0.44 | -0.0% | -0.0% | +0.9% | |
COLD | -$115M | $-0.40 | -0.0% | -0.0% | -0.2% |
Historical Data
10 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $114M | -29.2% | $124M | $3.93 | 43.0% | 46.7% |
| 2024 | $162M | -2.4% | $168M | $5.52 | 52.4% | 54.6% |
| 2023 | $166M | +7.3% | $175M | $5.77 | 53.5% | 56.4% |
| 2022 | $154M | +35.4% | $170M | $5.52 | 55.9% | 61.4% |
| 2021 | $114M | +73.4% | $135M | $4.55 | 55.7% | 66.2% |
| 2020 | $66M | +180.0% | $70M | $3.27 | 56.2% | 59.7% |
| 2019 | $23M | +236.1% | $25M | $1.61 | 52.6% | 55.8% |
| 2018 | $7M | +9801.4% | $5M | $0.96 | 47.2% | 36.1% |
| 2017 | $-72,000 | +98.4% | $-223,000 | $-0.02 | -1.1% | -3.5% |
| 2016 | -$4M | - | -$4M | $-4.56 | -1368.2% | -1368.2% |
See IIPR's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs IIPR Undervalued?
See our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare IIPR vs WELL
See how IIPR stacks up against sector leader Welltower Inc..
Start ComparisonFrequently Asked Questions
Is IIPR growing earnings?
IIPR EPS of $4.18 reflects slowing growth at -0.3%, below the 5-year CAGR of +3.7%. TTM net income is $118M. Expansion rate has moderated.
What are IIPR's profit margins?
Innovative Industrial Properties, Inc. net margin is +0.4%, with operating margin at +0.5%. Below-average margins reflect competitive or cost pressures.
How consistent are IIPR's earnings?
IIPR earnings data spans 2016-2025. The current earnings trend is -0.3% YoY. Historical data enables comparison across business cycles.