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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 Quarterly (10-Q)
Showing 13 of 27 quarterly reports available
Breakdown Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
+ Total Revenue $64.69M $62.89M $71.72M $76.74M $76.53M $79.79M $75.45M $79.16M $77.83M $76.46M $76.07M $70.46M $70.88M
Revenue Growth % (YoY) -15.5% -21.2% -4.9% -3.0% -1.7% 4.4% -0.8% 12.3% 9.8% nan% nan% nan% nan%
Operating Expenses $35.27M $33.99M $37.76M $34.74M $34.57M $34.00M $33.42M $35.20M $33.98M $33.03M $32.71M $29.82M $29.53M
+ Operating Income $29.41M $28.90M $33.96M $42.01M $41.96M $42.35M $42.03M $43.96M $43.85M $43.42M $43.36M $44.24M $41.36M
Operating Margin % 45.5% 45.9% 47.4% 54.7% 54.8% 53.1% 55.7% 55.5% 56.3% 56.8% 57.0% 62.8% 58.3%
Interest Expense $8.02M $8.06M $81.00K $8.24M $7.81M $7.93M $4.39M $4.14M $4.33M $4.47M $4.52M $4.52M $4.51M
Interest Income - $1.57M $1.61M $2.55M $2.69M $3.97M $1.78M $1.82M - - - - -
+ Net Income $29.30M $26.02M $31.08M $40.02M $40.22M $41.99M $39.43M $41.63M $41.59M $41.27M $41.09M $41.51M $37.62M
Net Margin % 45.3% 41.4% 43.3% 52.2% 52.6% 52.6% 52.3% 52.6% 53.4% 54.0% 54.0% 58.9% 53.1%
Basic EPS 0.99 0.87 1.05 1.37 1.38 1.45 1.37 1.46 1.46 1.45 1.45 1.47 1.33
Diluted EPS 0.97 0.86 1.03 1.36 1.37 1.44 1.36 1.45 1.45 1.44 1.43 1.46 1.32
Basic Shares Outstanding 27.9M 27.9M 28.3M 9K 28.3M 28.3M 28.1M 6K 28.0M 28.0M 27.9M 200K 27.9M
Diluted Shares Outstanding 28.3M 28.3M 28.6M -17K 28.6M 28.6M 28.5M 8K 28.3M 28.3M 28.2M 167K 28.2M
Breakdown Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Cash & Cash Equivalents $36.67M $99.67M $128.01M $146.25M $147.13M $120.83M $153.50M $140.25M $117.03M $92.60M $37.65M $87.12M $76.94M
Short-term Investments $5.26M $5.26M $5.26M $5.00M $25.32M $40.11M $20.03M $21.95M $41.88M $72.73M $163.97M $200.94M $239.67M
Intangible Assets $6.58M $6.96M $7.17M $7.38M $7.60M $7.82M - $8.24M - - - - -
Total Assets $2.34B $2.31B $2.35B $2.38B $2.40B $2.38B $2.40B $2.39B $2.39B $2.40B $2.41B $2.41B $2.43B
Total Liabilities $474.57M $424.65M $430.42M $441.99M $448.79M $436.98M $444.09M $438.12M $440.75M $443.04M $455.09M $452.94M $463.82M
Common Stock $28.00K $28.00K $28.00K $28.00K $28.00K $28.00K $28.00K $28.00K $28.00K $28.00K $28.00K $28.00K $28.00K
Total Stockholders Equity $1.86B $1.88B $1.92B $1.94B $1.95B $1.95B $1.96B $1.95B $1.95B $1.95B $1.96B $1.96B $1.97B
Total Liabilities & Equity $2.34B $2.31B $2.35B $2.38B $2.40B $2.38B $2.40B $2.39B $2.39B $2.40B $2.41B $2.41B $2.43B
Breakdown Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Net Income $29.30M $57.10M $31.08M $40.02M $121.64M $81.42M $39.43M $41.63M $41.59M $82.36M $41.09M $41.51M $112.88M
Depreciation & Amortization $18.64M $18.50M $18.39M $18.24M $52.57M $17.47M $17.15M $17.10M $16.68M $16.70M $16.71M $16.30M $15.90M
Stock-based Compensation $7.43M $4.75M $2.08M $4.32M $13.00M $8.69M $4.32M $4.93M $14.65M $9.71M $4.83M $4.31M $13.20M
Operating Cash Flow $148.28M $102.69M $54.24M $57.81M $200.64M $135.77M $71.57M $66.08M $189.46M $126.38M $64.62M $55.35M $178.78M
Investing Cash Flow $-132.58M $-22.91M $-17.16M $-3.56M $-52.43M $-58.83M $-14.39M $-789.00K $-6.00M $-18.43M $-62.68M $5.54M $-401.74M
Debt Repayment $8.70M - - - - - - - - - - - -
Stock Issued - - - - $11.76M $11.76M $11.76M - - - - - $351.96M
Stock Repurchased $20.11M $20.11M $290.00K - - - - - - - - - -
Dividends Paid $162.50M $108.72M $54.25M $54.25M $157.70M $103.45M $51.49M $50.74M $151.97M $101.23M $50.50M $50.50M $133.44M
Financing Cash Flow $-125.28M $-126.36M $-55.32M $-55.12M $-142.78M $-97.80M $-45.37M $-42.08M $-153.55M $-102.47M $-51.41M $-50.84M $215.06M
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-Q filings.

Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.

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