Innovative Industrial Properties Financial Statements
NYSE: IIPRFinanceReal EstateUSD
At close: Oct 9, 4:02 PM ET · Delayed 15 min
Innovative Industrial Properties revenue and earnings
In fiscal 2025, Innovative Industrial Properties generated $266.0 million in revenue, down 13.8% from fiscal 2024, its first annual decline since 2024. Net income was $118.2 million (-26.9% year over year), for a net margin of 44.5% versus a median of 55.7% in the prior 5 years. Operating margin was 46.7%.
Diluted earnings per share came in at $3.93, down from $5.52. Over the last 5 fiscal years, IIPR's revenue has grown at a 17.9% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Innovative Industrial Properties income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 265.95M | 308.52M | 309.51M | 276.36M | 204.55M | 116.90M | 44.67M | 14.79M | 6.42M |
| Revenue growth (YoY) | -13.80% | -0.32% | +11.99% | +35.11% | +74.99% | +161.71% | +202.07% | +130.33% | — |
| Operating Expenses | 141.51M | 136.72M | 134.92M | 110.34M | 69.18M | 47.16M | 19.73M | 9.45M | 6.64M |
| Operating Income | 124.12M | 168.34M | 174.59M | 169.62M | 135.37M | 69.74M | 24.93M | 5.34M | -223.00K |
| Interest Expense | 20.20M | 17.67M | 17.47M | 18.30M | 18.09M | 7.43M | 6.31M | 0 | 0 |
| Net Income | 118.25M | 161.66M | 165.59M | 154.39M | 113.99M | 65.73M | 23.48M | 6.99M | -72.00K |
| Net Income growth (YoY) | -26.85% | -2.37% | +7.26% | +35.44% | +73.42% | +180.00% | +236.08% | — | — |
| EPS (Basic) | 3.98 | 5.58 | 5.82 | 5.57 | 4.69 | 3.28 | 2.06 | 0.76 | -0.13 |
| EPS (Diluted) | 3.93 | 5.52 | 5.77 | 5.52 | 4.55 | 3.27 | 2.03 | 0.75 | -0.13 |
| Shares Outstanding (Basic) | 28.01M | 28.23M | 27.98M | 27.35M | 23.90M | 19.44M | 10.55M | 7.14M | 3.38M |
| Shares Outstanding (Diluted) | 28.38M | 28.53M | 28.26M | 27.66M | 26.26M | 19.56M | 10.68M | 7.29M | 3.38M |
| EBITDA | 198.19M | 239.15M | 241.78M | 230.92M | 177.15M | 97.76M | 33.53M | 7.97M | 692.00K |
| Operating Margin | 46.67% | 54.57% | 56.41% | 61.38% | 66.18% | 59.66% | 55.82% | 36.10% | -3.47% |
| Net Margin | 44.46% | 52.40% | 53.50% | 55.86% | 55.73% | 56.23% | 52.56% | 47.24% | -112.00% |
This table shows 9 annual periods of Innovative Industrial Properties's income statement, from FY 2025 back to FY 2017, across 12 line items including revenue, operating expenses, operating income. Values in USD; B = billions, M = millions. Fiscal periods follow IIPR's reporting calendar. What is a income statement?