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Innovative Industrial Properties (IIPR) Financials

Innovative Industrial Properties logo
$55.04 -0.60 (-1.08%)
Closing price 03:59 PM Eastern
Extended Trading
$55.12 +0.08 (+0.14%)
As of 07:24 PM Eastern
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Annual Income Statements for Innovative Industrial Properties

Annual Income Statements for Innovative Industrial Properties

This table shows Innovative Industrial Properties' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017
Net Income / (Loss) Attributable to Common Shareholders		 160 164 153 113 64 22 5.63 -0.40
Consolidated Net Income / (Loss)		 162 166 154 114 66 23 6.99 -0.07
Net Income / (Loss) Continuing Operations		 162 166 154 114 66 23 6.99 -0.07
Total Pre-Tax Income 		179 183 173 114 66 23 6.99 -0.07
Total Revenue		 320 318 279 187 113 43 16 6.57
Net Interest Income / (Expense)		 11 8.45 3.20 -18 -4.01 -1.46 1.65 0.15
Total Interest Income		 11 8.45 3.20 0.40 3.42 4.85 1.65 0.15
Investment Securities Interest Income		 11 8.45 3.20 0.40 3.42 4.85 1.65 0.15
Total Interest Expense		 0.00 0.00 0.00 18 7.43 6.31 0.00 0.00
Total Non-Interest Income		 309 310 276 205 117 45 15 6.42
Other Service Charges		 1.58 2.16 1.98 0.00 0.00 - - -
Net Realized & Unrealized Capital Gains on Investments		 0.00 0.02 -0.13 - - - - -
Other Non-Interest Income		 307 307 274 205 117 45 15 6.42
Total Non-Interest Expense		 140 135 107 73 47 20 9.45 6.64
Net Occupancy & Equipment Expense		 28 25 11 4.44 4.95 1.32 0.45 0.12
Other Operating Expenses		 37 43 39 23 14 9.82 6.38 5.61
Depreciation Expense		 71 67 61 42 28 8.60 2.63 0.92
Other Special Charges		 3.45 0.00 -3.60 3.69 0.00 0.00 - -
Other Gains / (Losses), net		 -18 -17 -18 0.00 0.00 - - -
Preferred Stock Dividends Declared		 1.80 1.35 1.35 1.35 1.35 1.35 1.35 0.32
Basic Earnings per Share		 $5.58 $5.82 $5.57 $4.69 $3.28 $2.06 $0.76 ($0.13)
Weighted Average Basic Shares Outstanding		 28.23M 27.98M 27.35M 23.90M 19.44M 10.55M 7.14M 3.38M
Diluted Earnings per Share		 $5.52 $5.77 $5.52 $4.55 $3.27 $2.03 $0.75 ($0.13)
Weighted Average Diluted Shares Outstanding		 28.53M 28.26M 27.66M 26.26M 19.56M 10.68M 7.29M 3.38M
Weighted Average Basic & Diluted Shares Outstanding		 28.33M 28.21M 28.00M 25.62M 23.93M 17.04M 7.40M 3.38M

Quarterly Income Statements for Innovative Industrial Properties

This table shows Innovative Industrial Properties' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 30 39 40 42 39 41 41 41 41 41 37
Consolidated Net Income / (Loss)		 31 40 40 42 39 42 42 41 41 42 38
Net Income / (Loss) Continuing Operations		 31 40 40 42 39 42 42 41 41 42 38
Total Pre-Tax Income 		36 49 45 46 39 50 46 46 41 60 38
Total Revenue		 73 84 79 84 73 85 80 79 74 86 67
Net Interest Income / (Expense)		 1.61 6.94 2.69 3.97 -2.61 6.34 2.08 2.32 -2.29 16 -3.74
Total Interest Income		 1.61 2.55 2.69 3.97 1.78 1.82 2.08 2.32 2.23 1.78 0.77
Investment Securities Interest Income		 1.61 2.55 2.69 3.97 1.78 1.82 2.08 2.32 2.23 1.78 0.77
Total Interest Expense		 0.00 -4.39 0.00 0.00 4.39 -4.52 0.00 0.00 4.52 -14 4.51
Total Non-Interest Income		 72 77 77 80 75 79 78 76 76 70 71
Other Service Charges		 0.03 0.03 0.47 0.54 0.54 0.54 0.54 0.54 0.54 0.54 0.54
Other Non-Interest Income		 72 77 76 79 75 79 77 76 76 70 70
Total Non-Interest Expense		 38 35 35 37 33 35 34 33 33 26 30
Net Occupancy & Equipment Expense		 7.38 7.61 7.30 6.86 6.71 7.19 6.32 5.76 5.62 3.29 2.82
Other Operating Expenses		 8.46 8.89 9.33 9.66 9.56 11 11 11 10 10 11
Depreciation Expense		 18 18 18 17 17 17 17 17 17 16 16
Impairment Charge		 3.53 - - - - - - - - - -
Other Gains / (Losses), net		 -4.50 - -4.43 -4.32 - - -4.33 -4.47 - - -
Preferred Stock Dividends Declared		 0.78 0.56 0.56 0.34 0.34 0.34 0.34 0.34 0.34 0.34 0.34
Basic Earnings per Share		 $1.05 $1.38 $1.38 $1.45 $1.37 $1.46 $1.46 $1.45 $1.45 $1.47 $1.33
Weighted Average Basic Shares Outstanding		 28.28M 28.23M 28.25M 28.25M 28.15M 27.98M 27.98M 27.98M 27.95M 27.35M 27.94M
Diluted Earnings per Share		 $1.03 $1.35 $1.37 $1.44 $1.36 $1.45 $1.45 $1.44 $1.43 $1.46 $1.32
Weighted Average Diluted Shares Outstanding		 28.59M 28.53M 28.58M 28.57M 28.46M 28.26M 28.27M 28.26M 28.22M 27.66M 28.16M
Weighted Average Basic & Diluted Shares Outstanding		 28.01M 28.33M 28.33M 28.33M 28.33M 28.21M 28.04M 28.04M 28.03M 28.00M 27.97M

Annual Cash Flow Statements for Innovative Industrial Properties

This table details how cash moves in and out of Innovative Industrial Properties' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017
Net Change in Cash & Equivalents		 4.55 53 2.15 -40 8.69 104 1.29 -21
Net Cash From Operating Activities		 258 256 234 189 111 45 16 5.02
Net Cash From Continuing Operating Activities		 258 256 234 189 111 45 16 5.02
Net Income / (Loss) Continuing Operations		 162 166 154 114 66 23 6.99 -0.07
Consolidated Net Income / (Loss)		 162 166 154 114 66 23 6.99 -0.07
Depreciation Expense		 71 67 61 42 28 8.60 2.63 0.92
Amortization Expense		 1.16 -1.83 -0.90 2.51 -0.75 -2.06 -0.96 0.00
Non-Cash Adjustments to Reconcile Net Income		 21 20 14 12 3.49 2.50 1.47 1.72
Changes in Operating Assets and Liabilities, net		 3.95 4.92 5.12 18 14 12 5.57 2.45
Net Cash From Investing Activities		 -56 -6.79 -396 -384 -1,027 -341 -199 -39
Net Cash From Continuing Investing Activities		 -56 -6.79 -396 -384 -1,027 -341 -199 -39
Purchase of Property, Leasehold Improvements and Equipment		 -63 -150 -374 -375 -290 -85 -22 -5.91
Acquisitions		 0.00 - -0.25 -0.63 - -0.65 0.00 0.00
Purchase of Investment Securities		 -65 -151 -561 -873 -1,318 -516 -242 -33
Sale and/or Maturity of Investments		 72 294 539 864 581 260 66 0.00
Net Cash From Financing Activities		 -198 -196 164 156 925 400 185 12
Net Cash From Continuing Financing Activities		 -198 -196 164 156 925 400 185 12
Issuance of Preferred Equity		 9.62 0.00 0.00 - - - - 14
Issuance of Common Equity		 12 9.56 352 0.00 1,004 286 193 0.00
Repayment of Debt		 -4.44 0.00 0.00 -1.70 0.00 0.00 - -
Payment of Dividends		 -214 -204 -185 -132 -77 -24 -7.98 -1.05
Other Financing Activities, Net		 -1.32 -1.13 -2.44 -10 -2.17 -0.94 -0.39 -0.57
Cash Interest Paid		 16 16 17 14 5.39 3.06 0.00 0.00

Quarterly Cash Flow Statements for Innovative Industrial Properties

This table details how cash moves in and out of Innovative Industrial Properties' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -18 -0.88 26 -33 12 23 24 55 -49 10 33
Net Cash From Operating Activities		 54 58 65 64 72 66 63 62 65 55 57
Net Cash From Continuing Operating Activities		 54 58 65 64 72 66 63 62 65 55 57
Net Income / (Loss) Continuing Operations		 31 40 40 42 39 42 42 41 41 42 38
Consolidated Net Income / (Loss)		 31 40 40 42 39 42 42 41 41 42 38
Depreciation Expense		 18 18 18 17 17 17 17 17 17 16 16
Amortization Expense		 0.47 0.45 0.16 0.33 0.22 0.05 0.07 -0.61 -1.34 -0.85 -0.23
Non-Cash Adjustments to Reconcile Net Income		 5.59 4.34 4.34 7.85 4.34 4.96 4.96 4.91 4.83 0.74 4.41
Changes in Operating Assets and Liabilities, net		 -1.29 -5.25 2.21 -3.44 10 2.34 -0.23 -0.51 3.32 -2.35 -0.91
Net Cash From Investing Activities		 -17 -3.57 6.40 -44 -14 -0.79 12 44 -63 5.54 25
Net Cash From Continuing Investing Activities		 -17 -3.57 6.40 -44 -14 -0.79 12 44 -63 5.54 25
Purchase of Property, Leasehold Improvements and Equipment		 -9.04 -17 -8.65 -20 -17 -21 -18 -45 -66 -57 -25
Purchase of Investment Securities		 -13 -6.44 - -38 -20 -21 -21 -23 -87 -110 -80
Sale and/or Maturity of Investments		 5.00 20 15 14 22 40 51 112 90 174 130
Net Cash From Financing Activities		 -55 -55 -45 -52 -45 -42 -51 -51 -51 -51 -49
Net Cash From Continuing Financing Activities		 -55 -55 -45 -52 -45 -42 -51 -51 -51 -51 -49
Issuance of Preferred Equity		 9.19 - - - - - - - - - -
Issuance of Common Equity		 0.00 - - - 12 9.56 - - 0.00 - -0.03
Repayment of Debt		 -8.70 - - - -4.44 - - - 0.00 - -
Repurchase of Common Equity		 -0.29 - - - - - - - - - -
Payment of Dividends		 -55 -55 -55 -52 -52 -51 -51 -51 -51 -51 -49
Other Financing Activities, Net		 -0.70 -0.31 -0.01 -0.14 -0.86 -0.56 - - -0.57 - -
Cash Interest Paid		 0.08 8.25 -0.13 7.86 0.07 7.87 -0.08 8.22 0.12 8.25 0.12

Annual Balance Sheets for Innovative Industrial Properties

This table presents Innovative Industrial Properties' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016
Total Assets		 2,378 2,391 2,415 2,085 1,768 746 281 80 63
Cash and Due from Banks		 146 140 87 81 126 82 13 12 33
Restricted Cash		 0.00 1.45 1.45 5.32 0.00 35 0.00 - -
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 2,106 2,048 2,012 1,020 680 419 126 62 30
Intangible Assets		 7.39 8.25 9.11 9.15 0.00 - - - -
Other Assets		 118 193 305 969 962 210 142 6.38 0.28
Total Liabilities & Shareholders' Equity		 2,378 2,391 2,415 2,085 1,768 746 281 80 63
Total Liabilities		 442 438 453 473 243 198 17 6.48 2.89
Non-Interest Bearing Deposits		 57 59 59 53 34 21 9.01 4.16 2.54
Other Short-Term Payables		 65 63 61 47 35 16 5.73 2.26 0.07
Long-Term Debt		 298 301 301 326 137 135 0.00 - -
Other Long-Term Liabilities		 22 15 31 47 38 26 2.43 0.06 0.28
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,936 1,953 1,962 1,612 1,525 548 264 74 60
Total Preferred & Common Equity		 1,936 1,953 1,962 1,612 1,525 548 264 74 60
Preferred Stock		 24 14 14 14 14 14 14 14 0.00
Total Common Equity		 1,912 1,939 1,948 1,598 1,511 534 250 60 60
Common Stock		 2,124 2,096 2,065 1,673 1,559 554 261 64 65
Other Equity Adjustments		 -212 -157 -117 -75 -48 -20 -10 - -

Quarterly Balance Sheets for Innovative Industrial Properties

This table presents Innovative Industrial Properties' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 2,353 2,395 2,384 2,400 2,389 2,396 2,413 2,431
Cash and Due from Banks		 128 147 121 154 117 93 38 77
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 2,102 2,103 2,069 2,042 2,057 2,055 2,044 1,277
Intangible Assets		 7.17 7.60 7.82 8.03 8.46 8.68 8.89 9.32
Other Assets		 115 138 187 196 205 239 321 1,066
Total Liabilities & Shareholders' Equity		 2,353 2,395 2,384 2,400 2,389 2,396 2,413 2,431
Total Liabilities		 430 449 437 444 441 443 455 464
Non-Interest Bearing Deposits		 53 61 59 60 59 58 59 61
Other Short-Term Payables		 68 70 64 64 65 60 62 64
Long-Term Debt		 289 298 297 297 301 300 300 301
Other Long-Term Liabilities		 20 20 18 23 16 25 34 37
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,922 1,947 1,947 1,955 1,949 1,953 1,958 1,967
Total Preferred & Common Equity		 1,922 1,947 1,947 1,955 1,949 1,953 1,958 1,967
Preferred Stock		 33 24 14 14 14 14 14 14
Total Common Equity		 1,889 1,923 1,933 1,941 1,935 1,939 1,944 1,953
Common Stock		 2,125 2,120 2,116 2,111 2,081 2,076 2,072 2,061
Other Equity Adjustments		 -236 -197 -182 -170 -147 -137 -127 -108

Annual Metrics And Ratios for Innovative Industrial Properties

This table displays calculated financial ratios and metrics derived from Innovative Industrial Properties' official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017
Growth Metrics		 - - - - - - - -
Revenue Growth		 0.48% 13.79% 49.54% 65.53% 161.27% 162.91% 150.10% 0.00%
EBITDA Growth		 1.16% 6.58% 47.27% 70.18% 209.87% 246.62% 927.16% 0.00%
EBIT Growth		 -2.03% 6.00% 51.49% 73.42% 180.00% 236.08% 9,801.39% 0.00%
NOPAT Growth		 -2.03% 6.00% 51.49% 73.42% 180.00% 236.08% 13,959.13% 0.00%
Net Income Growth		 -2.37% 7.26% 35.44% 73.42% 180.00% 236.08% 9,801.39% 0.00%
EPS Growth		 -4.33% 4.53% 21.32% 39.14% 61.08% 170.67% 676.92% 0.00%
Operating Cash Flow Growth		 1.14% 9.15% 24.04% 70.33% 146.62% 186.33% 212.92% 0.00%
Free Cash Flow Firm Growth		 3.46% 225.95% 5.69% 82.25% -131.27% -114.90% 0.00% 0.00%
Invested Capital Growth		 -0.88% -0.42% 16.80% 16.62% 143.41% 158.30% 259.34% 0.00%
Revenue Q/Q Growth		 5.16% 5.92% 13.44% 10.16% 19.72% 35.54% 25.37% 0.00%
EBITDA Q/Q Growth		 7.56% 6.01% 16.87% 7.71% 22.71% 50.86% 29.80% 0.00%
EBIT Q/Q Growth		 9.88% 7.26% 22.03% 6.84% 21.05% 44.56% 41.80% 0.00%
NOPAT Q/Q Growth		 9.88% 7.26% 22.03% 6.84% 21.05% 44.56% 41.80% 0.00%
Net Income Q/Q Growth		 -0.98% 0.08% 9.10% 6.84% 21.05% 44.56% 41.80% 0.00%
EPS Q/Q Growth		 -1.78% -0.17% 6.36% 3.88% 3.48% 39.04% 33.93% 0.00%
Operating Cash Flow Q/Q Growth		 -3.10% 4.38% 3.34% 7.74% 14.92% 43.89% 20.07% 0.00%
Free Cash Flow Firm Q/Q Growth		 18.34% 1.61% 16.70% 62.31% -18.93% 5.21% 0.00% 0.00%
Invested Capital Q/Q Growth		 -0.45% 0.21% -0.21% -0.27% 18.17% 16.91% 74.92% 0.00%
Profitability Metrics		 - - - - - - - -
EBITDA Margin		 78.65% 78.13% 83.42% 84.70% 82.39% 69.47% 52.69% 12.83%
EBIT Margin		 56.13% 57.57% 61.80% 61.00% 58.23% 54.33% 42.50% -1.10%
Profit (Net Income) Margin		 50.60% 52.08% 55.25% 61.00% 58.23% 54.33% 42.50% -1.10%
Tax Burden Percent		 90.15% 90.46% 89.40% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 7.99% 8.10% 8.22% 6.33% 5.61% 4.96% 4.14% -0.07%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.09% 2.31% 2.39% 6.33% 5.61% 4.96% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.32% 0.35% 0.42% 0.93% 0.73% 0.82% 0.00% 0.00%
Return on Equity (ROE)		 8.31% 8.46% 8.64% 7.27% 6.34% 5.78% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 8.88% 8.53% -7.28% -9.01% -77.91% -83.40% -108.78% 0.00%
Operating Return on Assets (OROA)		 7.52% 7.62% 7.68% 5.92% 5.23% 4.57% 3.86% -0.10%
Return on Assets (ROA)		 6.78% 6.89% 6.86% 5.92% 5.23% 4.57% 3.86% -0.10%
Return on Common Equity (ROCE)		 8.23% 8.40% 8.57% 7.20% 6.26% 5.58% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 8.35% 8.48% 7.87% 7.07% 4.31% 4.28% 2.64% -0.10%
Net Operating Profit after Tax (NOPAT)		 179 183 173 114 66 23 6.99 -0.05
NOPAT Margin		 56.13% 57.57% 61.80% 61.00% 58.23% 54.33% 42.50% -0.77%
Net Nonoperating Expense Percent (NNEP)		 5.90% 5.80% 5.83% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 8.91% 7.83% 3.76% 2.38% 4.39% 3.04% 2.71% 1.80%
Operating Expenses to Revenue		 43.87% 42.43% 38.20% 39.00% 41.77% 45.67% 57.50% 101.10%
Earnings before Interest and Taxes (EBIT)		 179 183 173 114 66 23 6.99 -0.07
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 251 248 233 158 93 30 8.66 0.84
Valuation Ratios		 - - - - - - - -
Price to Book Value (P/BV)		 0.99 1.35 1.23 3.27 2.17 1.31 1.33 1.38
Price to Tangible Book Value (P/TBV)		 0.99 1.35 1.24 3.29 2.17 1.31 1.33 1.38
Price to Revenue (P/Rev)		 5.91 8.22 8.58 27.96 29.08 16.16 20.31 12.54
Price to Earnings (P/E)		 11.81 15.92 15.67 46.38 50.99 31.56 59.25 0.00
Dividend Yield		 11.28% 7.74% 8.28% 2.62% 3.02% 4.81% 3.51% 2.34%
Earnings Yield		 8.47% 6.28% 6.38% 2.16% 1.96% 3.17% 1.69% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.92 1.24 1.16 2.83 1.99 1.07 1.27 1.15
Enterprise Value to Revenue (EV/Rev)		 6.46 8.77 9.40 29.31 29.30 16.88 20.37 12.89
Enterprise Value to EBITDA (EV/EBITDA)		 8.21 11.22 11.26 34.61 35.56 24.31 38.65 100.45
Enterprise Value to EBIT (EV/EBIT)		 11.51 15.23 15.20 48.06 50.31 31.08 47.92 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 11.51 15.23 15.20 48.06 50.31 31.08 47.92 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.98 10.91 11.21 29.02 29.84 16.24 21.33 16.88
Enterprise Value to Free Cash Flow (EV/FCFF)		 10.35 14.48 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - -
Debt to Equity		 0.15 0.15 0.15 0.20 0.09 0.25 0.00 0.00
Long-Term Debt to Equity		 0.15 0.15 0.15 0.20 0.09 0.25 0.00 0.00
Financial Leverage		 0.15 0.15 0.18 0.15 0.13 0.17 0.00 0.00
Leverage Ratio		 1.23 1.23 1.26 1.23 1.21 1.26 1.07 1.07
Compound Leverage Factor		 1.23 1.23 1.26 1.23 1.21 1.26 1.07 1.07
Debt to Total Capital		 13.33% 13.35% 13.32% 16.83% 8.23% 19.72% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 13.33% 13.35% 13.32% 16.83% 8.23% 19.72% 0.00% 0.00%
Preferred Equity to Total Capital		 1.06% 0.62% 0.62% 0.72% 0.84% 2.05% 5.30% 19.05%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 85.61% 86.03% 86.06% 82.45% 90.93% 78.22% 94.70% 80.95%
Debt to EBITDA		 1.19 1.21 1.29 2.06 1.47 4.49 0.00 0.00
Net Debt to EBITDA		 0.60 0.64 0.91 1.51 0.11 0.58 0.00 0.00
Long-Term Debt to EBITDA		 1.19 1.21 1.29 2.06 1.47 4.49 0.00 0.00
Debt to NOPAT		 1.66 1.64 1.75 2.86 2.08 5.74 0.00 0.00
Net Debt to NOPAT		 0.85 0.87 1.23 2.10 0.16 0.74 0.00 0.00
Long-Term Debt to NOPAT		 1.66 1.64 1.75 2.86 2.08 5.74 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.97% 0.72% 0.78% 0.89% 1.35% 3.45% 8.29% 10.46%
Liquidity Ratios		 - - - - - - - -
Cash Flow Metrics		 - - - - - - - -
Free Cash Flow to Firm (FCFF)		 199 193 -153 -162 -913 -395 -184 0.00
Operating Cash Flow to CapEx		 409.69% 170.26% 62.62% 50.39% 38.28% 53.07% 70.39% 84.84%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 -8.96 -122.90 -62.62 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 10.44 14.91 7.13 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 -10.27 -24.05 -6.30 0.00 0.00
Efficiency Ratios		 - - - - - - - -
Asset Turnover		 0.13 0.13 0.12 0.10 0.09 0.08 0.09 0.09
Fixed Asset Turnover		 0.15 0.16 0.18 0.22 0.21 0.16 0.17 0.14
Capital & Investment Metrics		 - - - - - - - -
Invested Capital		 2,234 2,254 2,263 1,938 1,662 683 264 74
Invested Capital Turnover		 0.14 0.14 0.13 0.10 0.10 0.09 0.10 0.09
Increase / (Decrease) in Invested Capital		 -20 -9.54 326 276 979 418 191 0.00
Enterprise Value (EV)		 2,063 2,788 2,625 5,478 3,307 730 335 85
Market Capitalization		 1,888 2,615 2,398 5,224 3,282 698 334 82
Book Value per Share		 $67.50 $69.15 $69.63 $66.77 $68.14 $45.05 $25.60 $17.01
Tangible Book Value per Share		 $67.24 $68.86 $69.31 $66.39 $68.14 $45.05 $25.60 $17.01
Total Capital		 2,234 2,254 2,263 1,938 1,662 683 264 74
Total Debt		 298 301 301 326 137 135 0.00 0.00
Total Long-Term Debt		 298 301 301 326 137 135 0.00 0.00
Net Debt		 152 159 213 240 11 17 -13 -12
Capital Expenditures (CapEx)		 63 150 374 375 290 85 22 5.91
Net Nonoperating Expense (NNE)		 18 17 18 0.00 0.00 0.00 0.00 0.02
Net Nonoperating Obligations (NNO)		 298 301 301 326 137 135 0.00 0.00
Total Depreciation and Amortization (D&A)		 72 65 60 44 27 6.54 1.67 0.92
Earnings Adjustments		 - - - - - - - -
Adjusted Basic Earnings per Share		 $5.58 $5.82 $5.57 $4.69 $0.00 $0.00 $0.76 ($0.13)
Adjusted Weighted Average Basic Shares Outstanding		 28.23M 27.98M 27.35M 23.90M 0.00 0.00 7.14M 6.78M
Adjusted Diluted Earnings per Share		 $5.52 $5.77 $5.52 $4.55 $0.00 $0.00 $0.75 ($0.13)
Adjusted Weighted Average Diluted Shares Outstanding		 28.53M 28.26M 27.66M 26.26M 0.00 0.00 7.29M 6.78M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 ($0.13)
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 28.33M 28.21M 28.00M 25.62M 0.00 0.00 9.81M 3.38M
Normalized Net Operating Profit after Tax (NOPAT)		 128 128 118 82 46 16 4.89 -0.05
Normalized NOPAT Margin		 40.05% 40.30% 42.36% 44.08% 40.76% 38.03% 29.75% -0.77%
Pre Tax Income Margin		 56.13% 57.57% 61.80% 61.00% 58.23% 54.33% 42.50% -1.10%
Debt Service Ratios		 - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 6.30 8.85 3.72 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 6.30 8.85 3.72 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 -14.41 -30.12 -9.71 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 -14.41 -30.12 -9.71 0.00 0.00
Payout Ratios		 - - - - - - - -
Dividend Payout Ratio		 132.09% 123.24% 120.02% 116.07% 116.87% 101.96% 114.23% -1,458.33%
Augmented Payout Ratio		 132.09% 123.24% 120.02% 116.07% 116.87% 101.96% 114.23% -1,458.33%

Quarterly Metrics And Ratios for Innovative Industrial Properties

This table displays calculated financial ratios and metrics derived from Innovative Industrial Properties' official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -5.05% -2.12% -0.86% 6.33% -1.29% -0.47% 19.00% 18.30% 23.43% 62.69% 40.89%
EBITDA Growth		 -11.03% 0.30% 0.12% 3.69% 0.58% -10.39% 17.61% 11.82% 14.69% 80.84% 27.68%
EBIT Growth		 -18.81% -2.68% -2.79% 1.25% -4.05% -15.90% 22.09% 13.74% 17.24% 108.90% 25.00%
NOPAT Growth		 -18.81% -2.68% -2.79% 1.25% -4.05% -15.90% 22.09% 13.74% 17.24% 108.90% 25.00%
Net Income Growth		 -21.18% -3.86% -3.32% 1.75% -4.05% 0.31% 10.58% 2.62% 17.24% 44.97% 25.00%
EPS Growth		 -24.26% -6.90% -5.52% 0.00% -4.90% -0.68% 9.85% 1.41% 8.33% 29.20% 10.00%
Operating Cash Flow Growth		 -24.21% -12.52% 2.83% 3.95% 10.76% 19.38% 11.07% -0.54% 7.90% 15.83% 10.14%
Free Cash Flow Firm Growth		 53.53% 15.11% -23.15% -19.70% 116.95% 122.51% 122.54% 123.77% -2.46% -7.39% 43.28%
Invested Capital Growth		 -1.80% -0.88% -0.23% -0.40% -0.26% -0.42% -0.83% -1.02% 15.78% 16.80% 16.73%
Revenue Q/Q Growth		 -12.37% 5.65% -5.43% 14.98% 0.71% 7.00% 1.43% 6.74% 8.97% 27.94% 0.83%
EBITDA Q/Q Growth		 -19.52% 7.80% -2.14% 12.89% 4.59% 7.61% 1.35% 9.51% 5.82% 41.24% -3.64%
EBIT Q/Q Growth		 -27.32% 9.65% -3.61% 17.46% 6.10% 9.52% 0.40% 11.31% 8.41% 58.99% -6.46%
NOPAT Q/Q Growth		 -27.32% 9.65% -3.61% 17.46% 6.10% 9.52% 0.40% 11.31% 8.41% 58.99% -6.46%
Net Income Q/Q Growth		 -22.36% -0.47% -4.23% 6.51% -5.30% 0.09% 0.79% 0.43% -1.00% 10.34% -6.46%
EPS Q/Q Growth		 -23.70% -1.46% -4.86% 5.88% -6.21% 0.00% 0.69% 0.70% -2.05% 10.61% -7.04%
Operating Cash Flow Q/Q Growth		 -6.17% -10.89% 1.03% -10.29% 8.30% 4.75% 2.13% -4.41% 16.73% -2.53% -8.54%
Free Cash Flow Firm Q/Q Growth		 10.54% 38.30% -10.06% 22.51% -3.21% -7.67% -6.03% 125.86% 7.30% 7.54% 0.90%
Invested Capital Q/Q Growth		 -1.00% -0.45% -0.01% -0.35% -0.07% 0.21% -0.19% -0.20% -0.24% -0.21% -0.38%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 74.23% 80.83% 79.21% 76.55% 77.96% 78.88% 78.44% 78.50% 76.51% 87.61% 79.37%
EBIT Margin		 48.51% 58.49% 56.36% 55.29% 54.12% 58.83% 57.48% 58.07% 55.68% 69.62% 56.02%
Profit (Net Income) Margin		 42.38% 47.83% 50.77% 50.14% 54.12% 48.70% 52.06% 52.39% 55.68% 48.32% 56.02%
Tax Burden Percent		 87.35% 81.77% 90.08% 90.67% 100.00% 82.77% 90.57% 90.22% 100.00% 69.40% 100.00%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 6.86% 8.33% 7.62% 7.49% 7.19% 8.28% 7.64% 7.37% 7.28% 9.26% 6.55%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.32% 5.35% 6.14% 6.04% 7.19% 5.41% 6.20% 5.88% 7.28% 3.43% 6.55%
Return on Net Nonoperating Assets (RNNOA)		 0.81% 0.82% 0.94% 0.93% 1.10% 0.83% 0.95% 0.90% 1.22% 0.60% 1.38%
Return on Equity (ROE)		 7.67% 9.15% 8.56% 8.41% 8.28% 9.11% 8.59% 8.27% 8.50% 9.86% 7.94%
Cash Return on Invested Capital (CROIC)		 9.48% 8.88% 7.49% 7.72% 7.53% 8.53% 8.39% 8.19% -7.18% -7.28% -8.72%
Operating Return on Assets (OROA)		 6.44% 7.84% 7.16% 7.04% 6.74% 7.78% 7.16% 6.92% 6.78% 8.65% 6.09%
Return on Assets (ROA)		 5.63% 6.41% 6.45% 6.39% 6.74% 6.44% 6.48% 6.25% 6.78% 6.00% 6.09%
Return on Common Equity (ROCE)		 7.57% 9.06% 8.48% 8.35% 8.23% 9.05% 8.53% 8.21% 8.44% 9.79% 7.87%
Return on Equity Simple (ROE_SIMPLE)		 7.98% 0.00% 8.39% 8.46% 8.38% 0.00% 8.49% 8.27% 8.19% 0.00% 7.19%
Net Operating Profit after Tax (NOPAT)		 36 49 45 46 39 50 46 46 41 60 38
NOPAT Margin		 48.51% 58.49% 56.36% 55.29% 54.12% 58.83% 57.48% 58.07% 55.68% 69.62% 56.02%
Net Nonoperating Expense Percent (NNEP)		 1.54% 2.98% 1.48% 1.45% 0.00% 2.88% 1.44% 1.49% 0.00% 5.83% 0.00%
SG&A Expenses to Revenue		 10.06% 9.09% 9.21% 8.19% 9.21% 8.41% 7.91% 7.31% 7.62% 3.83% 4.20%
Operating Expenses to Revenue		 51.49% 41.51% 43.64% 44.71% 45.88% 41.17% 42.52% 41.93% 44.32% 30.38% 43.98%
Earnings before Interest and Taxes (EBIT)		 36 49 45 46 39 50 46 46 41 60 38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 54 68 63 64 57 67 63 62 56 75 53
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.81 0.99 0.00 1.60 1.47 1.35 1.03 0.98 0.99 1.23 1.10
Price to Tangible Book Value (P/TBV)		 0.81 0.99 0.00 1.61 1.48 1.35 1.03 0.98 0.99 1.24 1.10
Price to Revenue (P/Rev)		 4.86 5.91 0.00 10.16 9.53 8.22 6.61 6.60 6.99 8.58 8.71
Price to Earnings (P/E)		 10.14 11.81 0.00 18.95 17.55 15.92 12.09 11.84 12.09 15.67 15.32
Dividend Yield		 14.05% 11.28% 5.53% 6.72% 7.12% 7.74% 10.18% 10.64% 10.41% 8.28% 8.86%
Earnings Yield		 9.86% 8.47% 0.00% 5.28% 5.70% 6.28% 8.27% 8.44% 8.27% 6.38% 6.53%
Enterprise Value to Invested Capital (EV/IC)		 0.78 0.92 0.00 1.46 1.34 1.24 0.97 0.94 0.97 1.16 1.05
Enterprise Value to Revenue (EV/Rev)		 5.47 6.46 0.00 10.79 10.05 8.77 7.26 7.36 7.99 9.40 9.68
Enterprise Value to EBITDA (EV/EBITDA)		 7.06 8.21 0.00 14.06 13.02 11.22 9.30 9.41 10.07 11.26 11.95
Enterprise Value to EBIT (EV/EBIT)		 10.09 11.51 0.00 19.97 18.36 15.23 12.77 13.04 14.02 15.20 16.84
Enterprise Value to NOPAT (EV/NOPAT)		 10.09 11.51 0.00 19.97 18.36 15.23 12.77 13.04 14.02 15.20 16.84
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.16 7.98 0.00 12.40 11.47 10.91 8.91 8.87 9.21 11.21 10.52
Enterprise Value to Free Cash Flow (EV/FCFF)		 8.16 10.35 0.00 18.92 17.74 14.48 11.50 11.41 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15
Long-Term Debt to Equity		 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15
Financial Leverage		 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.17 0.18 0.21
Leverage Ratio		 1.23 1.23 1.23 1.23 1.23 1.23 1.23 1.23 1.25 1.26 1.30
Compound Leverage Factor		 1.23 1.23 1.23 1.23 1.23 1.23 1.23 1.23 1.25 1.26 1.30
Debt to Total Capital		 13.09% 13.33% 13.26% 13.24% 13.18% 13.35% 13.36% 13.32% 13.28% 13.32% 13.28%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 13.09% 13.33% 13.26% 13.24% 13.18% 13.35% 13.36% 13.32% 13.28% 13.32% 13.28%
Preferred Equity to Total Capital		 1.48% 1.06% 1.05% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 85.43% 85.61% 85.69% 86.14% 86.20% 86.03% 86.02% 86.06% 86.10% 86.06% 86.10%
Debt to EBITDA		 1.18 1.19 1.27 1.27 1.28 1.21 1.28 1.33 1.37 1.29 1.51
Net Debt to EBITDA		 0.66 0.60 0.64 0.75 0.62 0.64 0.78 0.92 1.19 0.91 1.12
Long-Term Debt to EBITDA		 1.18 1.19 1.27 1.27 1.28 1.21 1.28 1.33 1.37 1.29 1.51
Debt to NOPAT		 1.69 1.66 1.82 1.81 1.81 1.64 1.76 1.85 1.91 1.75 2.13
Net Debt to NOPAT		 0.94 0.85 0.92 1.07 0.87 0.87 1.07 1.27 1.66 1.23 1.57
Long-Term Debt to NOPAT		 1.69 1.66 1.82 1.81 1.81 1.64 1.76 1.85 1.91 1.75 2.13
Noncontrolling Interest Sharing Ratio		 1.21% 0.97% 0.97% 0.72% 0.72% 0.72% 0.72% 0.71% 0.78% 0.78% 0.81%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 76 69 50 55 45 60 65 69 -267 -266 -287
Operating Cash Flow to CapEx		 599.96% 331.42% 749.58% 313.46% 433.60% 321.00% 349.58% 135.95% 97.86% 96.42% 226.62%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 10.30 0.00 0.00 0.00 -59.01 0.00 -63.69
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 16.31 0.00 0.00 0.00 14.30 0.00 12.58
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 12.55 0.00 0.00 0.00 -0.31 0.00 7.03
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.13 0.13 0.13 0.13 0.12 0.13 0.12 0.12 0.12 0.12 0.11
Fixed Asset Turnover		 0.15 0.15 0.15 0.15 0.15 0.16 0.18 0.17 0.17 0.18 0.23
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,212 2,234 2,244 2,244 2,252 2,254 2,249 2,253 2,258 2,263 2,268
Invested Capital Turnover		 0.14 0.14 0.14 0.14 0.13 0.14 0.13 0.13 0.13 0.13 0.12
Increase / (Decrease) in Invested Capital		 -41 -20 -5.16 -9.06 -5.77 -9.54 -19 -23 308 326 325
Enterprise Value (EV)		 1,727 2,063 0.00 3,284 3,010 2,788 2,180 2,117 2,199 2,625 2,383
Market Capitalization		 1,532 1,888 0.00 3,094 2,853 2,615 1,984 1,896 1,924 2,398 2,147
Book Value per Share		 $66.69 $67.50 $68.06 $68.24 $68.98 $69.15 $69.00 $69.17 $69.43 $69.63 $69.81
Tangible Book Value per Share		 $66.43 $67.24 $67.79 $67.97 $68.69 $68.86 $68.69 $68.86 $69.11 $69.31 $69.48
Total Capital		 2,212 2,234 2,244 2,244 2,252 2,254 2,249 2,253 2,258 2,263 2,268
Total Debt		 289 298 298 297 297 301 301 300 300 301 301
Total Long-Term Debt		 289 298 298 297 297 301 301 300 300 301 301
Net Debt		 161 152 150 176 143 159 182 206 261 213 223
Capital Expenditures (CapEx)		 9.04 17 8.65 20 17 21 18 45 66 57 25
Net Nonoperating Expense (NNE)		 4.50 8.93 4.43 4.32 0.00 8.67 4.33 4.47 0.00 18 0.00
Net Nonoperating Obligations (NNO)		 289 298 298 297 297 301 301 300 300 301 301
Total Depreciation and Amortization (D&A)		 19 19 18 18 17 17 17 16 15 15 16
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.05 $1.38 $1.38 $1.45 $1.37 $1.46 $1.46 $1.45 $1.45 $1.47 $1.33
Adjusted Weighted Average Basic Shares Outstanding		 28.28M 28.23M 28.25M 28.25M 28.15M 27.98M 27.98M 27.98M 27.95M 27.35M 27.94M
Adjusted Diluted Earnings per Share		 $1.03 $1.35 $1.37 $1.44 $1.36 $1.45 $1.45 $1.44 $1.43 $1.46 $1.32
Adjusted Weighted Average Diluted Shares Outstanding		 28.59M 28.53M 28.58M 28.57M 28.46M 28.26M 28.27M 28.26M 28.22M 27.66M 28.16M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 28.01M 28.33M 28.33M 28.33M 28.33M 28.21M 28.04M 28.04M 28.03M 28.00M 27.97M
Normalized Net Operating Profit after Tax (NOPAT)		 27 34 31 35 28 35 32 32 29 39 26
Normalized NOPAT Margin		 37.33% 40.94% 39.45% 41.59% 37.89% 41.18% 40.23% 40.65% 38.98% 45.70% 39.22%
Pre Tax Income Margin		 48.51% 58.49% 56.36% 55.29% 54.12% 58.83% 57.48% 58.07% 55.68% 69.62% 56.02%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 8.98 0.00 0.00 0.00 9.09 0.00 8.34
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 8.98 0.00 0.00 0.00 9.09 0.00 8.34
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 5.22 0.00 0.00 0.00 -5.52 0.00 2.78
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 5.22 0.00 0.00 0.00 -5.52 0.00 2.78
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 141.23% 132.09% 128.50% 125.29% 125.09% 123.24% 123.19% 125.20% 122.98% 120.02% 120.68%
Augmented Payout Ratio		 141.23% 132.09% 128.50% 125.29% 125.09% 123.24% 123.19% 125.20% 122.98% 120.02% 120.68%

Frequently Asked Questions About Innovative Industrial Properties' Financials

When does Innovative Industrial Properties's financial year end?

According to the most recent income statement we have on file, Innovative Industrial Properties' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Innovative Industrial Properties' net income changed over the last 7 years?

Innovative Industrial Properties' net income appears to be on an upward trend, with a most recent value of $161.66 million in 2024, falling from -$72 thousand in 2017. The previous period was $165.59 million in 2023. Check out Innovative Industrial Properties' forecast to explore projected trends and price targets.

How has Innovative Industrial Properties revenue changed over the last 7 years?

Over the last 7 years, Innovative Industrial Properties' total revenue changed from $6.57 million in 2017 to $319.51 million in 2024, a change of 4,762.3%.

How much debt does Innovative Industrial Properties have?

Innovative Industrial Properties' total liabilities were at $441.99 million at the end of 2024, a 0.9% increase from 2023, and a 15,204.3% increase since 2016.

How much cash does Innovative Industrial Properties have?

In the past 8 years, Innovative Industrial Properties' cash and equivalents has ranged from $11.76 million in 2017 to $146.25 million in 2024, and is currently $146.25 million as of their latest financial filing in 2024.

How has Innovative Industrial Properties' book value per share changed over the last 7 years?

Over the last 7 years, Innovative Industrial Properties' book value per share changed from 17.01 in 2017 to 67.50 in 2024, a change of 296.9%.


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This page (NYSE:IIPR) was last updated on 5/30/2025 by MarketBeat.com Staff
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