Innovative Industrial Properties, Inc.
Innovative Industrial Properties, Inc. (IIPR) Financial Performance & Income Statement Overview
View comprehensive annual and quarterly summaries for Innovative Industrial Properties, Inc. (IIPR), featuring income statements, balance sheets, and cash flow data.
Innovative Industrial Properties, Inc. (IIPR) Income Statement & Financial Overview
Explore comprehensive income reports for Innovative Industrial Properties, Inc. IIPR, broken down by year and quarter.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $71.72M | $76.74M | $76.53M | $79.79M |
| Cost of Revenue | $7.38M | $7.61M | $7.29M | $6.86M |
| Gross Profit | $64.34M | $69.14M | $69.23M | $72.93M |
| Gross Profit Ratio | $0.90 | $0.90 | $0.90 | $0.91 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $8.46M | $8.89M | $9.33M | $9.66M |
| Operating Expenses | $30.38M | $27.13M | $27.27M | $30.58M |
| Total Costs & Expenses | $37.76M | $34.74M | $34.57M | $37.45M |
| Interest Income | $1.61M | $2.55M | $2.69M | $3.97M |
| Interest Expense | $4.50M | $3.12M | $4.43M | $4.32M |
| Depreciation & Amortization | $18.39M | $18.24M | $17.94M | $17.47M |
| EBITDA | $53.97M | $61.38M | $62.59M | $63.79M |
| EBITDA Ratio | $0.75 | $0.80 | $0.82 | $0.80 |
| Operating Income | $33.96M | $42.008M | $41.96M | $42.35M |
| Operating Income Ratio | $0.47 | $0.55 | $0.55 | $0.53 |
| Other Income/Expenses (Net) | -$2.89M | -$1.99M | -$1.74M | -$354000.00 |
| Income Before Tax | $31.08M | $40.02M | $40.22M | $41.99M |
| Income Before Tax Ratio | $0.43 | $0.52 | $0.53 | $0.53 |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Income | $31.08M | $40.02M | $40.22M | $41.99M |
| Net Income Ratio | $0.43 | $0.52 | $0.53 | $0.53 |
| EPS | $1.05 | $1.38 | $1.38 | $1.45 |
| Diluted EPS | $1.03 | $1.36 | $1.37 | $1.44 |
| Weighted Avg Shares Outstanding | $28.28M | $28.25M | $28.25M | $28.25M |
| Weighted Avg Shares Outstanding (Diluted) | $28.59M | $28.55M | $28.58M | $28.57M |
Over the past four quarters, Innovative Industrial Properties, Inc. demonstrated steady revenue growth, increasing from $79.79M in Q2 2024 to $71.72M in Q1 2025. Operating income reached $33.96M in Q1 2025, maintaining a consistent 47% margin over recent quarters. Despite fluctuations in R&D and SG&A expenses, EBITDA remained robust at $53.97M, reflecting operational efficiency. Net income dropped to $31.08M, with EPS at $1.05. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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