Innovative Industrial Properties, Inc.
Innovative Industrial Properties, Inc. (IIPR) Financial Performance & Income Statement Overview
Review Innovative Industrial Properties, Inc. (IIPR) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
Innovative Industrial Properties, Inc. (IIPR) Income Statement & Financial Overview
Access detailed annual and quarterly income data for Innovative Industrial Properties, Inc. IIPR financial performance.
| 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 |
The company's financials show resilient growth, with revenue advancing from $79.79M in Q2 2024 to $71.72M in Q1 2025. Gross profit remained healthy with margins at 90% in Q1 2025 compared to 91% in Q2 2024. Operating income hit $33.96M last quarter, sustaining a consistent 47% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $53.97M. Net income dropped to $31.08M, while earnings per share reached $1.05. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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