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%

Follow IIPR

Alert me

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

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

Fold the line items

Columns are period end dates

Stockrow Weekly