Innovative Industrial Properties Quarterly Cash Flow Statement
NYSE: IIPRReal EstateREIT - IndustrialUSD
At close: Oct 9, 4:02 PM ET · Delayed 15 min
Innovative Industrial Properties free cash flow
In the quarter ended Jun 30, 2026, Innovative Industrial Properties generated $44.9 million of operating cash flow. That left free cash flow of $44.9 million, a free-cash-flow margin of 70.9% of revenue. Free cash flow was down 7.3% from the prior year's $48.4 million.
Innovative Industrial Properties returned $143.4 million to shareholders: $54.4 million in dividends and $89.0 million in share repurchases, equal to 319% of free cash flow. Free cash flow covered dividend payments 0.8 times.
Summary generated from market data by MetaCap's automated system. Methodology
Innovative Industrial Properties cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 43.85M | 32.81M | 31.84M | 29.30M | 26.02M | 31.08M | 40.02M | 40.22M | 41.99M | 39.43M | 41.63M | 41.59M |
| Net Income growth (YoY) | +68.51% | +5.57% | -20.45% | -27.13% | -38.03% | -21.18% | -3.86% | -3.32% | +1.75% | -4.05% | +0.31% | +10.58% |
| Depreciation & Amortization | 18.80M | 18.58M | 18.54M | 18.64M | 18.50M | 18.39M | 18.24M | 17.94M | 17.47M | 17.15M | 17.10M | 16.68M |
| Stock-Based Compensation | 2.83M | 2.58M | 2.70M | 2.68M | 2.67M | 2.08M | 4.32M | 4.32M | 4.37M | 4.32M | 4.93M | 4.93M |
| Change in Working Capital | 3.44M | -527.00K | 1.55M | -6.55M | 2.81M | 906.00K | 2.93M | -7.18M | 2.62M | 1.76M | 3.26M | -6.45M |
| Operating Cash Flow | 44.92M | 56.03M | 49.91M | 45.59M | 48.45M | 54.24M | 57.81M | 64.87M | 64.20M | 71.57M | 66.08M | 63.08M |
| Investing Cash Flow | -78.06M | -341.00K | -41.73M | -109.66M | -5.76M | -17.16M | -3.56M | 6.40M | -44.44M | -14.39M | -789.00K | 12.43M |
| Dividends Paid | -54.45M | -53.78M | -53.78M | -53.78M | -54.46M | -54.25M | -54.25M | -54.25M | -51.96M | -51.49M | -50.74M | -50.74M |
| Share Repurchases | -88.97M | 0 | 0 | 0 | -19.82M | -290.00K | 0 | 0 | 0 | 0 | — | — |
| Debt Repaid | -311.27M | 0 | 0 | 0 | 0 | -8.70M | 0 | — | — | — | — | — |
| Financing Cash Flow | 151.66M | -14.17M | 2.74M | 1.08M | -71.04M | -55.32M | -55.12M | -44.98M | -52.43M | -45.37M | -42.08M | -51.08M |
| Net Change in Cash | 118.52M | 41.52M | 10.93M | -62.99M | -28.34M | -18.23M | -883.00K | 26.29M | -32.67M | 11.80M | 23.21M | 24.43M |
| Free Cash Flow | 44.92M | 56.03M | 49.91M | 45.59M | 48.45M | 54.24M | 57.81M | 64.87M | 64.20M | 71.57M | 66.08M | 63.08M |
This table shows 12 quarterly periods of Innovative Industrial Properties's cash flow statement, from Q2 2026 back to Q3 2023, 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?