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Innovative Industrial Properties, Inc. (IIPR) Financial History

4 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Real Estate · REIT - Industrial · DATA UPDATED 2026-07-09

Innovative Industrial Properties, Inc. (IIPR) operates in the REIT - Industrial industry and is headquartered in San Diego, United States with about 23 employees. Its market capitalization is roughly $2 billion. In the fiscal year ended 2025-12-31, IIPR reported $266M in revenue and $118M in net income.

Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties and life science real estate. Innovative Industrial Properties, Inc.

Interactive charts & full statements → Open the IIPR valuation workbench →

IIPR Revenue & Earnings History — Annual Income Statement

Income statement2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Revenue$266M$308M$310M$276M
Gross Profit$236M$280M$285M$266M
Operating Income (EBIT)$128M$172M$175M$166M
Net Income$118M$162M$166M$154M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

IIPR Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Total Revenue$69M$67M$65M$63M$72M
Gross Profit$61M$59M$57M$56M$64M
Operating Income (EBIT)$32M$32M$29M$29M$38M
Net Income$33M$32M$29M$26M$31M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

IIPR Free Cash Flow History

Cash flow2025-12-312024-12-312023-12-312022-12-312021-12-31
Dividends Paid($220M)($214M)($204M)($185M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

IIPR Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Dividends Paid($55M)($55M)($55M)($55M)($55M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

IIPR Balance Sheet History

Balance sheet2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Assets$2.4B$2.4B$2.4B$2.4B
Total Liabilities$523M$442M$438M$453M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive IIPR viewer.

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