Innovative Industrial Properties, Inc.

IIPR Real Estate Reit Industrial

Innovative Industrial Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $266.0 million, down 13.8% from fiscal 2024.

Revenue
+0.36%
EPS
+17.8%
Free cash flow
+8.47%
Total debt
+104.6%

Quarter to September 2026, against a year earlier

54.11 1.19 −2.15%
Market cap
$1.5B
P/E
11.8×
Fwd P/E
12.2×
Dividend yield
13.8%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

An Income Statement, also known as a Profit and Loss Statement, summarizes a company's revenues, expenses, and profits over a specific period. It highlights how revenue is transformed into net income, showcasing operational efficiency. Key components include total revenue, cost of goods sold (COGS), gross profit, operating expenses, and net profit. Businesses use the Income Statement to assess financial performance, make strategic decisions, and ensure profitability. Investors and stakeholders analyze it to gauge the company’s financial health and future growth potential.

Older periods Dec '25 Mar '26 Jun '26 Sep '26
Revenue

+8 more quarters

66.66 69.00 63.32 64.92
Revenue Growth
(13.14%) (3.80%) 0.67% 0.36%
Gross Profit
58.68 61.42 56.12 57.98
Operating Income
31.85 32.91 41.45 29.38
EBT
31.84 32.81 43.85 31.90
Income after Tax
31.84 32.81 43.85 31.90
Net Income Common
31.45 30.16 40.67 27.56
EPS (Diluted)
1.06 1.02 1.36 1.14
Shares (Diluted, Weighted)
28.38 28.47 29.99 27.96
Gross Margin
88.03% 89.02% 88.63% 89.31%
EBIT Margin
47.78% 47.70% 65.46% 45.26%
Net Profit Margin
47.18% 43.71% 64.23% 42.45%
EBITDA
50.95 52.07 61.46 50.57
EBIT
31.85 32.91 41.45 29.38

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In millions of $ except per-share values · columns are period end dates · fundamentals updated 5 Nov 2026