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Innovative Industrial Properties IIPR
$ 56.72 0.84%
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Quarterly report 2026-Q2
added 08-04-2026

Innovative Industrial Properties Income Statement 2025-2011 | IIPR

Brief overview of profit and loss at Innovative Industrial Properties

This overview is based on financial performance over the past five years. Revenue reported by Innovative Industrial Properties was 117 million dollars at the beginning of the period and 266 million dollars at the end. The total change was +127.5%, with a CAGR of approximately 17.9%. The pace indicates confident and sustained business growth.

The operating result measured by EBITDA moved from 97.8 million dollars to 198 million dollars, or +102.7%. EBITDA lagged revenue, showing weaker operating momentum. EBITDA margin moved from 83.6% to 74.5%. Cost pressure reduced operating profitability.

Net income changed from $65.7 million to $118 million (+79.9%). Net earnings remained broadly steady over the period.

Over the period, capitalization shifted from $3.7 billion to $1.4 billion (−61.2%). The market has not yet confirmed the improvement in fundamentals.

Conclusion

Positive developments coexist with areas of weakness. The financial profile benefits from net-income growth and a larger revenue base. The main areas of concern are declining capitalization and weaker operating efficiency. Investors should continue to monitor margins, costs, and earnings quality.

Annual Income Statement Innovative Industrial Properties

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

1.42 B 2.08 B 2.67 B 2.44 B 4.48 B 3.67 B 986 M 438 M 93.2 M 18.1 M - - - - -

Shares

28 M 28.2 M 28 M 27.3 M 23.9 M 19.4 M 10.5 M 7.14 M 3.38 M 963 K - - - - -

Historical Prices

50.8 73.6 95.5 89.1 187 189 84.8 71 21.7 14.1 - - - - -

Net Income

118 M 162 M 166 M 154 M 114 M 65.7 M 23.5 M 6.98 M -72 K - - - - - -

Revenue

266 M 309 M 310 M 276 M 205 M 117 M 44.7 M 14.8 M 6.42 M - - - - - -

Gross Profit

- - - - - - 43.4 M 14.3 M 6.3 M - - - - - -

Operating Income

124 M 168 M 175 M 170 M 135 M 69.7 M 24.9 M 5.34 M -223 K - - - - - -

Interest Expense

- - 17.5 M 18.3 M 18.1 M 7.43 M 6.31 M - - - - - - - -

EBITDA

198 M 239 M 242 M 231 M 177 M 97.8 M 33.5 M 7.97 M 805 K - - - - - -

Operating Expenses

142 M 137 M 135 M 110 M 69.2 M 47.2 M 18.4 M 9 M 6.41 M - - - - - -

General and Administrative Expenses

33.7 M 37.4 M 42.8 M 38.5 M 23 M 14.2 M 9.82 M 6.38 M 5.5 M - - - - - -

All numbers in USD currency

Quarterly Income Statement Innovative Industrial Properties

2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

28.4 M 28 M 28 M 27.9 M 27.9 M 28.3 M 28.3 M 28.3 M 28.3 M 28.1 M 28.1 M 28 M 28 M 27.9 M 28 M 27.9 M 27.9 M 25.6 M 25.6 M 23.9 M 23.9 M 23.9 M 22.8 M 21.6 M 17.5 M 15.8 M 11.9 M 10.9 M 9.67 M 9.66 M 9.37 M 6.64 M 6.64 M 5.88 M 3.5 M 3.39 M 3.36 M 3.35 M - - - - - - - - - - - - - - - - - - - - - - - -

Net Income

43.9 M 32.8 M - 29.3 M 26 M 31.1 M - 40.2 M 42 M 39.4 M - 41.6 M 41.3 M 41.1 M - 37.6 M 40.2 M 35 M - 30.1 M 29.3 M 25.9 M 21.3 M 19.2 M 13.3 M 11.9 M 9.9 M 6.52 M 3.41 M 3.64 M 2.67 M 1.83 M 1.54 M 945 K - 334 K -422 K -591 K - - - - - - - - - - - - - - - - - - - - - - - -

Revenue

63.3 M 69 M - 64.7 M 62.9 M 71.7 M - 76.5 M 79.8 M 75.5 M - 77.8 M 76.5 M 76.1 M - 70.9 M 70.5 M 64.5 M - 53.9 M 48.9 M 42.9 M 37.1 M 34.3 M 24.3 M 21.1 M 17.7 M 11.6 M 8.62 M 6.82 M 4.78 M 3.93 M 3.31 M 2.76 M - 1.56 M 1.29 M - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Income

41.4 M 32.9 M - 29.4 M 28.9 M 34 M - 42 M 42.3 M 42 M - 43.8 M 43.4 M 43.4 M - 41.4 M 44.1 M 39.9 M - 36.3 M 32.9 M 27.7 M 22.9 M 20.4 M 14.2 M 12.3 M 10.6 M 6.82 M 4.07 M 3.44 M 1.81 M 1.57 M 1.24 M 724 K - 295 K -465 K -626 K - - - - - - - - - - - - - - - - - - - - - - - -

Interest Expense

- - - - - - - - - 4.39 M - 4.33 M 4.47 M 4.52 M - 4.51 M 4.5 M 4.77 M - 6.31 M 3.69 M 1.87 M 1.87 M 1.86 M 1.86 M 1.85 M 1.84 M 1.84 M 1.83 M 792 K - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

EBITDA

60.2 M 51.5 M - 48.1 M 47.4 M 52.4 M - 59.9 M 59.8 M 59.2 M - 60.5 M 60.1 M 60.1 M - 57.3 M 59.4 M 53.7 M - 47.2 M 42.8 M 36.5 M 31.6 M 28.1 M 20.9 M 17.2 M 14.1 M 9.04 M 5.69 M 4.66 M 2.72 M 2.27 M 1.77 M 1.2 M - 512 K -290 K -465 K - - - - - - - - - - - - - - - - - - - - - - - -

Operating Expenses

33.7 M 36.5 M - 35.3 M 34 M 37.8 M - 34.6 M 34 M 33.4 M - 34 M 33 M 32.7 M - 29.5 M 26.4 M 24.6 M - 17.6 M 15.9 M 15.2 M 14.2 M 13.9 M 10.2 M 8.85 M 7.07 M 4.73 M 4.54 M 3.38 M 2.98 M 2.36 M 2.08 M 2.04 M - 1.26 M 1.75 M 1.92 M - - - - - - - - - - - - - - - - - - - - - - - -

General and Administrative Expenses

7.72 M 10.3 M - 8.68 M 8.63 M 8.46 M - 9.33 M 9.66 M 9.56 M - 11 M 10.6 M 10.4 M - 10.8 M 8.71 M 8.78 M - 5.31 M 5.6 M 5.6 M 4.49 M 3.34 M 3.01 M 3.35 M 3.15 M 2.16 M 2.59 M 1.92 M 1.98 M 1.44 M 1.47 M 1.48 M - 983 K 1.47 M 1.76 M - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

The income statement is one of the three key financial reports of a company Innovative Industrial Properties (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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