Saturday 17 October 2026 Export IIPR’s income statement to Excel — free account

Innovative Industrial Properties, Inc.

Innovative Industrial Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $266.0 million, down 13.8% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 59.8%, free cash flow grew 74.3% and total debt rose 110.1%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.

52.39 0.81 −1.52%

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Market cap: $1.5B
P/E: 11.7×
Fwd P/E: 13.7×
Dividend yield: 14.5%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Older periods	Sep '25	Dec '25	Mar '26	Jun '26
P/E ratio Full definition →	+8 more quarters Free account	12.49	11.90	12.63	13.80
P/S ratio Full definition →		5.42	4.99	5.33	6.69
P/FCF ratio Full definition →		7.20	6.62	6.86	7.28
P/Operating CF Full definition →		32.80	26.58	25.06	39.25
P/B ratio Full definition →		0.82	0.74	0.79	1.02
Price to Tangible BV Full definition →		0.82	0.74	0.79	1.03
EV/Sales Full definition →		6.50	6.29	6.39	8.22
EV/EBITDA Full definition →		8.54	8.35	8.43	10.17
EV/Operating CF Full definition →		8.70	8.44	8.41	11.03
EV/FCF Full definition →		8.63	8.34	8.21	8.95
Quick Ratio Full definition →		2.75	4.38	6.06	24.51
Current Ratio Full definition →		2.75	4.38	6.06	24.51
Net Debt/EBITDA Full definition →		6.15	6.78	5.32	6.58
Debt/Assets Full definition →		14.55%	16.58%	15.29%	23.59%
Debt/Equity Full definition →		0.18	0.21	0.19	0.33
Asset Turnover Full definition →		0.12	0.11	0.11	0.11
Operating CF/Net income Full definition →		1.61	1.63	1.86	1.10
Capex/Depreciation Full definition →		0.00	0.03	0.14	2.13
Interest Coverage Full definition →		6.50	4.73	5.12	4.97
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		13.42%	11.95%	15.00%	12.19%
Intangible Assets out of Total Assets Full definition →		0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →		4.15%	4.05%	3.75%	4.46%
Graham Net Nets Full definition →		(0.29)	(0.36)	(0.29)	(0.30)
Graham Number Full definition →		79.35	75.87	75.50	78.22
Earnings Yield Full definition →		8.01%	8.40%	7.91%	7.24%
Free Cash Flow Yield Full definition →		13.90%	15.11%	14.59%	13.73%
Revenue per Share Full definition →		2.32	2.38	2.46	2.23
Operating CF per Share Full definition →		1.63	1.78	2.00	1.58
Capex per Share Full definition →		0.00	0.02	0.09	1.50
Free Cash Flow per Share Full definition →		1.63	1.80	2.09	3.08
Cash per Share Full definition →		1.50	1.70	3.18	7.20
Shareholders Equity per Share Full definition →		66.76	65.99	67.68	65.10
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		66.76	65.99	67.68	65.10
Free Cash Flow Full definition →		45.59	50.40	58.64	87.50
Working Capital Full definition →		26.69	36.73	74.42	196.38
Capital Expenditures Full definition →		0.00	0.49	2.61	42.58
Net Current Asset Value Full definition →		(432.64)	(475.26)	(410.32)	(525.31)
EV/EBIT Full definition →		13.36	13.47	13.66	15.98
Capex to Sales Full definition →		0.00	(0.01)	(0.04)	(0.67)
Price to Operating Income Full definition →		11.14	10.69	11.41	13.00
Other line items
Average Payables Full definition →		15.10	10.72	13.56	9.27
Average Assets Full definition →		2,366.62	2,374.45	2,373.28	2,443.35
Average Common Equity Full definition →		1,871.75	1,856.33	1,837.90	1,783.08

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