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INNOVATIVE INDUSTRIAL PROPERTIES INC

CIK: 1677576 SIC: 6500
$276.04M
Revenue
$126.43M
Net Income
-
Gross Margin
48.65%
Op. Margin
$363.02M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 4 of 9 annual reports available (2016 - 2024)
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
+ Total Revenue $276.04M $308.52M $309.51M $276.36M $204.55M
Revenue Growth % -10.5% -0.3% 12.0% 35.1% nan%
Operating Expenses $141.76M $136.72M $134.92M $110.34M $69.18M
+ Operating Income $134.28M $168.34M $174.59M $169.62M $135.37M
Operating Margin % 48.6% 54.6% 56.4% 61.4% 66.2%
Interest Expense $24.40M $16.05M $17.47M $18.30M $18.09M
Interest Income - $10.99M $8.45M $3.19M -
+ Net Income $126.43M $161.66M $165.59M $154.39M $113.99M
Net Margin % 45.8% 52.4% 53.5% 55.9% 55.7%
Basic EPS 4.28 5.58 5.82 5.57 4.69
Diluted EPS 4.22 5.52 5.77 5.52 4.55
Basic Shares Outstanding 27.9M 28.2M 28.0M 27.3M 23.9M
Diluted Shares Outstanding 28.3M 28.5M 28.3M 27.7M 26.3M
Breakdown FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Cash & Cash Equivalents $146.25M $140.25M $87.12M $81.10M
Short-term Investments $5.00M $21.95M $200.94M $324.89M
Intangible Assets $7.38M $8.24M - -
Total Assets $2.38B $2.39B $2.41B $2.08B
Total Liabilities $441.99M $438.12M $452.94M $472.90M
Common Stock $28.00K $28.00K $28.00K $26.00K
Total Stockholders Equity $1.94B $1.95B $1.96B $1.61B
Total Liabilities & Equity $2.38B $2.39B $2.41B $2.08B
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Net Income $157.51M $161.66M $165.59M $154.39M $113.99M
Depreciation & Amortization $73.77M $70.81M $67.19M $61.30M $41.78M
Stock-based Compensation $18.58M $17.32M $19.58M $17.51M $8.62M
Operating Cash Flow $363.02M $258.45M $255.54M $234.13M $188.75M
Investing Cash Flow $-176.21M $-56.00M $-6.79M $-396.20M $-384.09M
Debt Repayment - $4.44M - - -
Stock Issued - $11.76M $9.56M $351.96M -
Dividends Paid $379.72M $211.95M $202.71M $183.94M $130.95M
Financing Cash Flow $-362.08M $-197.90M $-195.63M $164.22M $155.76M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $64.69M $76.53M $199.30M $231.77M
Operating Expenses $35.27M $34.57M $107.02M $101.99M
Operating Income $29.41M $41.96M $92.28M $126.34M
Interest Expense $4.53M $4.43M $8.02M $7.81M
Net Income $29.30M $40.22M $86.41M $121.64M
Basic EPS 0.99 1.38 2.91 4.21
Diluted EPS 0.97 1.37 2.87 4.16
Basic Shares Outstanding $27.91M $28.25M $28.04M $28.22M
Diluted Shares Outstanding $28.30M $28.58M $28.40M $28.55M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $36.67M $146.25M
Short-term Investments $5.26M $5.00M
Intangible Assets $6.58M $7.38M
Total Assets $2.34B $2.38B
Total Liabilities $474.57M $441.99M
Common Stock $28.00K $28.00K
Total Stockholders Equity $1.86B $1.94B
Total Liabilities & Equity $2.34B $2.38B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $29.30M $40.22M $86.41M $121.64M
Depreciation & Amortization $18.64M $17.94M $55.53M $52.57M
Stock-based Compensation - - $7.43M $13.00M
Operating Cash Flow - - $148.28M $200.64M
Investing Cash Flow - - $-132.58M $-52.43M
Debt Repayment - - $8.70M $4.44M
Stock Issued - - - $11.76M
Stock Repurchased - - $20.11M -
Dividends Paid - - $162.50M $157.70M
Financing Cash Flow - - $-125.28M $-142.78M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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