Innovative Industrial Properties Cash Flow Statement
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At close: Oct 9, 4:02 PM ET · Delayed 15 min
Innovative Industrial Properties free cash flow
In fiscal 2025, Innovative Industrial Properties generated $198.2 million of operating cash flow. That left free cash flow of $198.2 million, a free-cash-flow margin of 74.5% of revenue. Free cash flow was down 23.3% from the prior year's $258.4 million.
Innovative Industrial Properties returned $236.4 million to shareholders: $216.3 million in dividends and $20.1 million in share repurchases, equal to 119% of free cash flow. Free cash flow covered dividend payments 0.9 times.
Summary generated from market data by MetaCap's automated system. Methodology
Innovative Industrial Properties cash flow 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 |
|---|---|---|---|---|---|---|---|---|---|
| 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% | — | — |
| Depreciation & Amortization | 74.07M | 70.81M | 67.19M | 61.30M | 41.78M | 28.02M | 8.60M | 2.63M | 915.00K |
| Stock-Based Compensation | 10.13M | 17.32M | 19.58M | 17.51M | 8.62M | 3.33M | 2.50M | 1.47M | 1.72M |
| Change in Working Capital | -1.29M | 126.00K | 352.00K | -3.51M | -3.69M | 796.00K | 808.00K | 713.00K | 837.00K |
| Operating Cash Flow | 198.19M | 258.45M | 255.54M | 234.13M | 188.75M | 110.81M | 44.93M | 15.69M | 5.01M |
| Capital Expenditures | — | — | — | — | — | — | — | — | -5.91M |
| Investing Cash Flow | -174.30M | -56.00M | -6.79M | -396.20M | -384.09M | -1.03B | -340.63M | -199.25M | -38.65M |
| Dividends Paid | -216.28M | -211.95M | -202.71M | -183.94M | -130.95M | -75.46M | -22.58M | -6.64M | -1.05M |
| Share Repurchases | -20.11M | 0 | 0 | — | — | — | — | — | 0 |
| Debt Issued | — | — | — | — | 300.00M | — | 0 | — | — |
| Debt Repaid | -8.70M | -4.44M | 0 | — | — | — | — | — | — |
| Financing Cash Flow | -122.54M | -197.90M | -195.63M | 164.22M | 155.76M | 924.99M | 399.96M | 184.85M | 12.38M |
| Net Change in Cash | -98.65M | 4.55M | 53.13M | 2.15M | -39.59M | 8.69M | -104.27M | -1.29M | 21.25M |
| Free Cash Flow | 198.19M | 258.45M | 255.54M | 234.13M | 188.75M | 110.81M | 44.93M | 15.69M | -896.00K |
This table shows 9 annual periods of Innovative Industrial Properties's cash flow statement, from FY 2025 back to FY 2017, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow IIPR's reporting calendar. What is a cash flow statement?