Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 304.79M | 308.52M | 309.51M | 276.36M | 204.55M | 116.90M |
Gross Profit | 275.64M | 280.05M | 284.61M | 265.84M | 200.11M | 111.94M |
EBITDA | 241.72M | 248.72M | 248.88M | 230.92M | 177.15M | 97.76M |
Net Income | 153.31M | 161.66M | 165.59M | 154.39M | 113.99M | 65.73M |
Balance Sheet | ||||||
Total Assets | 2.35B | 2.38B | 2.39B | 2.41B | 2.08B | 1.77B |
Cash, Cash Equivalents and Short-Term Investments | 128.01M | 146.25M | 140.25M | 87.12M | 81.10M | 126.01M |
Total Debt | 289.50M | 297.87M | 300.88M | 301.50M | 326.09M | 137.75M |
Total Liabilities | 430.42M | 441.99M | 438.12M | 452.94M | 472.90M | 243.11M |
Stockholders Equity | 1.92B | 1.94B | 1.95B | 1.96B | 1.61B | 1.52B |
Cash Flow | ||||||
Free Cash Flow | 241.12M | 258.45M | 255.54M | -139.75M | -185.79M | -419.01M |
Operating Cash Flow | 241.12M | 258.45M | 255.54M | 234.13M | 188.75M | 110.81M |
Investing Cash Flow | -58.76M | -56.00M | -6.79M | -396.20M | -384.09M | -1.03B |
Financing Cash Flow | -207.86M | -197.90M | -195.63M | 164.22M | 155.76M | 924.99M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
78 Outperform | $966.20M | 7.32 | 25.64% | 4.48% | -3.63% | 436.37% | |
75 Outperform | $1.54B | 11.91 | 7.04% | 13.84% | -7.80% | -18.78% | |
74 Outperform | $9.47B | 29.83 | 3.74% | 4.24% | 13.66% | 11.34% | |
73 Outperform | $6.92B | 28.81 | 6.89% | 4.09% | 8.56% | 22.20% | |
69 Neutral | $2.63B | 31.80 | 4.15% | 6.02% | 6.64% | 210.89% | |
54 Neutral | $391.38M | ― | -16.16% | 1.36% | 0.36% | 11.92% | |
53 Neutral | $1.24B | 2.91 | -5.63% | 5.65% | -4.33% | -90.50% |
On August 6, 2025, Innovative Industrial Properties announced a strategic investment of up to $270 million in IQHQ, a life science real estate platform. This investment, comprising a revolving credit facility and preferred stock purchase, is expected to enhance earnings for IIP shareholders and diversify its portfolio beyond cannabis. The transaction positions IIP to capitalize on the life science industry’s growth, with potential benefits from warrants and real estate acquisitions from IQHQ.
On August 6, 2025, Innovative Industrial Properties reported its second quarter 2025 results, highlighting a decrease in total revenues to $62.9 million, primarily due to tenant defaults and property sales. The company repurchased $20 million of common stock and maintained strong liquidity exceeding $190 million. Despite challenges, IIP continues to focus on improving long-term financial performance by replacing underperforming tenants with more stable operators and actively managing its property portfolio.
On June 11, 2025, Innovative Industrial Properties, Inc. held its annual stockholders’ meeting where key decisions were made, including the election of five directors and the ratification of BDO USA, P.C. as the independent accounting firm for 2025. The meeting also included an advisory vote on executive compensation, reflecting the company’s ongoing governance and operational strategies.