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. 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%
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
Jun '26 Mar '26 Dec '25 Sep '25 Older periods
Piotroski F-Score
5 4 4 4

+8 more TTM periods

ROE
7.28% 6.22% 6.16% 6.58%
ROA
5.31% 4.82% 4.82% 5.21%
ROIC
3.76% 3.54% 3.54% 3.88%
Return on Tangible Assets
5.92% 5.27% 5.32% 5.71%
Average Days of Receivables
0.00 0.00 0.00 0.00
Free Cash Flow per Share
8.51 7.32 7.16 7.45
Free Cash Flow
242.13 204.83 200.43 207.84
Capital Expenditures
45.68 4.85 2.24 1.75
Other line items
Cash ROIC
9.08% 8.72% 8.76% 9.26%
Accounts Receivable Turnover
0.00 0.00 0.00 0.00
Accounts Payable Turnover
3.31 2.24 2.82 1.97
Inventory Turnover
0.00 0.00 0.00 0.00
Average Days of Payables
99.31 176.67 131.48 186.70
Days of Inventory on Hand
0.00 0.00 0.00 0.00
Tax Rate
0.00 0.00 0.00 0.00
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
13.17% 13.53% 12.68% 12.56%
Share Based Compensation of Revenue
4.09% 4.04% 3.81% 4.26%
Interest Coverage
5.21 5.56 6.15 7.46
Operating CF/Net income
1.51 1.75 1.73 1.67
Depreciation/Fixed assets
0.04 0.04 0.04 0.04
Capex/Depreciation
0.59 0.06 0.03 0.02
Revenue per Share
9.27 9.40 9.50 9.89
Operating CF per Share
6.91 7.14 7.08 7.38
Capex per Share
1.61 0.17 0.08 0.06
Capex to Sales
(0.17) (0.02) (0.01) (0.01)

Fold the line items

Columns are period end dates