Innovative Industrial Properties, Inc. (IIPR) Quarterly Income Statement

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Innovative Industrial Properties, Inc. (IIPR) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

IIPR Income Statement

Innovative Industrial Properties, Inc. (IIPR) annual income statement — 10-year revenue, gross profit & net income history

Annual Quarterly

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Revenue	63.31M	69M	66.66M	64.69M	62.89M	71.72M	76.74M	76.53M	79.79M	75.45M	79.16M	77.83M	76.46M	76.07M	70.46M	70.88M	70.51M	64.5M	58.94M	53.86M
Revenue Growth %	0.67%	-3.8%	-13.14%	-15.47%	-21.18%	-4.95%	-3.05%	-1.67%	4.36%	-0.81%	12.34%	9.79%	8.43%	17.93%	19.54%	31.62%	44.29%	50.41%	58.91%	56.89%
Property Operating Expenses	0	44.74M	45.06M	7.95M	6.87M	7.38M	7.61M	7.29M	6.86M	6.71M	7.19M	6.32M	5.76M	5.62M	3.29M	2.82M	2.43M	1.98M	1.83M	1.36M
Net Operating Income (NOI)	63.31M	24.25M	21.6M	56.73M	56.02M	64.34M	69.14M	69.23M	72.93M	68.75M	71.96M	71.51M	70.7M	70.44M	67.17M	68.06M	68.08M	62.52M	57.12M	52.49M
NOI Margin %	100%	35.15%	32.41%	87.71%	89.08%	89.71%	90.09%	90.47%	91.4%	91.11%	90.91%	91.88%	92.47%	92.61%	95.33%	96.02%	96.56%	96.93%	96.9%	97.47%
Operating Expenses	19.46M	-8.23M	-10.57M	27.32M	27.13M	30.38M	27.13M	27.27M	30.58M	26.71M	28.01M	27.66M	27.27M	27.09M	22.93M	26.7M	23.94M	22.64M	18.66M	16.2M
G&A Expenses	7.72M	10.35M	7.97M	8.68M	8.63M	8.46M	8.89M	9.33M	9.66M	9.56M	10.91M	10.98M	10.57M	10.37M	10.23M	10.8M	8.71M	8.78M	6.45M	5.31M
EBITDA	62.65M	51.07M	50.71M	48.05M	47.4M	52.35M	60.25M	59.9M	59.82M	59.18M	61.05M	60.53M	60.13M	60.07M	60.54M	57.26M	59.38M	53.74M	50.67M	47.18M
EBITDA Margin %	98.95%	74.02%	76.08%	74.29%	75.37%	73%	78.51%	78.28%	74.97%	78.44%	77.13%	77.77%	78.64%	78.97%	85.92%	80.78%	84.21%	83.32%	85.96%	87.61%
Depreciation & Amortization	18.8M	18.58M	18.54M	18.64M	18.5M	18.39M	18.24M	17.94M	17.47M	17.15M	17.1M	16.68M	16.7M	16.71M	16.3M	15.9M	15.23M	13.87M	12.21M	10.89M
D&A / Revenue %	29.69%	26.93%	27.81%	28.82%	29.42%	25.64%	23.77%	23.45%	21.9%	22.73%	21.6%	21.43%	21.85%	21.97%	23.14%	22.43%	21.6%	21.5%	20.71%	20.22%
Operating Income	43.85M	32.49M	32.17M	29.41M	28.9M	33.96M	42.01M	41.96M	42.35M	42.03M	43.96M	43.85M	43.42M	43.36M	44.24M	41.36M	44.14M	39.88M	38.46M	36.29M
Operating Margin %	69.26%	47.09%	48.26%	45.47%	45.95%	47.36%	54.74%	54.83%	53.07%	55.71%	55.53%	56.34%	56.8%	57%	62.79%	58.34%	62.61%	61.82%	65.25%	67.39%
Interest Expense	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Interest Coverage	6.25x	6.10x	5.73x	7.48x	6.86x	7.91x	13.82x	10.08x	10.72x	9.98x	16.01x	10.61x	10.23x	10.09x	9.89x	9.34x	9.93x	8.35x	5.33x	5.77x
Non-Operating Income	-8.35M	-6.75M	-6.39M	-4.42M	-1.57M	-1.61M	-1.13M	-2.69M	-3.97M	-1.78M	-450K	-2.08M	-2.32M	-2.25M	-435K	-773K	-574K	61K	5.33M	-110K
Pretax Income	43.85M	32.81M	31.84M	29.3M	26.02M	31.08M	40.02M	40.22M	41.99M	39.43M	41.63M	41.59M	41.27M	41.09M	41.51M	37.62M	40.21M	35.05M	28.63M	30.09M
Pretax Margin %	69.26%	47.55%	47.77%	45.3%	41.38%	43.33%	52.14%	52.55%	52.63%	52.25%	52.6%	53.44%	53.98%	54.02%	58.91%	53.07%	57.03%	54.34%	48.57%	55.88%
Income Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Net Income	43.85M	32.81M	31.84M	29.3M	26.02M	31.08M	40.02M	40.22M	41.99M	39.43M	41.63M	41.59M	41.27M	41.09M	41.51M	37.62M	40.21M	35.05M	28.63M	30.09M
Net Margin %	69.26%	47.55%	47.77%	45.3%	41.38%	43.33%	52.15%	52.55%	52.63%	52.25%	52.6%	53.44%	53.98%	54.02%	58.91%	53.07%	57.03%	54.34%	48.57%	55.88%
Net Income Growth %	68.51%	5.57%	-20.45%	-27.13%	-38.03%	-21.18%	-3.86%	-3.32%	1.75%	-4.05%	0.31%	10.58%	2.62%	17.24%	44.97%	25%	37.07%	35.19%	34.21%	56.62%
Funds From Operations (FFO)	62.65M	51.39M	50.38M	47.94M	44.52M	49.47M	58.27M	58.16M	59.47M	56.58M	58.73M	58.27M	57.97M	57.81M	57.81M	53.52M	55.45M	48.92M	40.84M	40.98M
FFO Margin %	98.95%	74.49%	75.58%	74.12%	70.8%	68.97%	75.92%	76%	74.53%	74.98%	74.2%	74.87%	75.82%	75.99%	82.04%	75.5%	78.64%	75.84%	69.28%	76.1%
FFO Growth %	40.71%	3.89%	-13.53%	-17.56%	-25.13%	-12.57%	-0.79%	-0.19%	2.58%	-2.12%	1.6%	8.89%	4.56%	18.17%	41.56%	30.57%	41.52%	40.71%	35.85%	52.58%
FFO per Share	2.09	1.81	1.78	1.69	1.57	1.73	2.04	2.03	2.08	1.99	2.08	2.06	2.05	2.05	2.05	1.90	1.98	1.86	1.55	1.56
FFO Payout Ratio %	86.9%	104.64%	106.74%	112.18%	122.32%	109.67%	93.12%	93.28%	87.37%	91.01%	86.4%	87.08%	87.5%	87.36%	87.36%	91.75%	82.66%	78.72%	88.12%	81.94%
EPS (Diluted)	1.36	1.02	1.07	0.97	0.86	1.03	1.36	1.37	1.44	1.36	1.46	1.45	1.44	1.43	1.46	1.32	1.41	1.31	1.14	1.20
EPS Growth %	58.14%	-0.97%	-21.32%	-29.2%	-40.28%	-24.26%	-6.85%	-5.52%	0%	-4.9%	0%	9.85%	2.13%	9.16%	28.07%	10%	20.51%	24.76%	25.27%	39.53%
EPS (Basic)	1.39	1.04	1.07	1.01	0.87	1.05	1.38	1.38	1.45	1.37	1.48	1.46	1.45	1.45	1.47	1.33	1.42	1.35	1.18	1.24
Diluted Shares Outstanding	29.99M	28.47M	28.3M	28.3M	28.32M	28.59M	28.55M	28.58M	28.57M	28.46M	28.28M	28.27M	28.26M	28.22M	28.16M	28.16M	28.04M	26.34M	26.26M	26.26M