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Innovative Industrial Properties Inc (IIPR)

Innovative Industrial Properties Inc brought in $263.7M of revenue over the twelve months to June 30, 2026, down 8.4% from a year earlier. Net income was $137.8M, a net margin of 52.3%. At June 30, 2026 it held $204.7M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 4, 2026.

Revenue (last 12 months)
$263.7M
-8.4% year on year
Net margin
52.3%

What Innovative Industrial Properties Inc does

Innovative Industrial Properties Inc is registered with the SEC under industry code SIC 6500 (Real Estate). Its shares trade on NYSE under the ticker IIPR.

Revenue and profit by year

Revenue
FY18: $14.8M $14.8M FY18FY19: $44.7M $44.7M FY19FY20: $116.9M $116.9M FY20FY21: $204.6M $204.6M FY21FY22: $276.4M $276.4M FY22FY23: $309.5M $309.5M FY23FY24: $308.5M $308.5M FY24FY25: $266M $266M FY25
Net income
FY18: $7M $7M FY18FY19: $23.5M $23.5M FY19FY20: $65.7M $65.7M FY20FY21: $114M $114M FY21FY22: $154.4M $154.4M FY22FY23: $165.6M $165.6M FY23FY24: $161.7M $161.7M FY24FY25: $118.2M $118.2M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$266M$124.1M$118.2M$3.93n/a
2024$308.5M$168.3M$161.7M$5.52n/a
2023$309.5M$174.6M$165.6M$5.77n/a
2022$276.4M$169.6M$154.4M$5.52n/a
2021$204.6M$135.4M$114M$4.55n/a
2020$116.9M$69.7M$65.7M$3.27n/a

Latest SEC filings

What Innovative Industrial Properties Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 25, 2026
  2. September 4, 2026
  3. September 1, 2026
  4. September 1, 2026
  5. August 4, 2026
    Quarterly report 10-Q · period to June 30, 2026
  6. August 3, 2026
  7. July 21, 2026
  8. June 15, 2026
  9. June 11, 2026
  10. June 9, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 17, 2026. Insider transactions on SEC

All filings on SEC EDGAR

Questions about IIPR

What does Innovative Industrial Properties Inc do?

Innovative Industrial Properties Inc is registered with the SEC under industry code SIC 6500 (Real Estate). Its shares trade on NYSE under the ticker IIPR.

Is Innovative Industrial Properties Inc profitable?

Yes. Over the twelve months to June 30, 2026 it reported net income of $137.8M on revenue of $263.7M, a net margin of 52.3%.

How much revenue does Innovative Industrial Properties Inc make?

Over the twelve months to June 30, 2026 Innovative Industrial Properties Inc reported revenue of $263.7M. That is 8.4% less than a year earlier.

When did Innovative Industrial Properties Inc last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 4, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the bylaws or fiscal year changed from September 25, 2026.

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Where the numbers come from

Financial figures are the values Innovative Industrial Properties Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.