IIPR - NYSE

Innovative Industrial Properties, Inc.

IIPR·NYSE

$57.27

+2.0%

Real EstateREIT - Industrial

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$1.65B

EPS3.9800

P/E Ratio11.59

Earnings Date08/05/2026

2.37B

Assets

3Y-2.0%

5Y+34.0%

10Y+3644.0%

522.85M

Total Liabilities

18%

3Y+15.0%

5Y+115.0%

10Y+18004.0%

1.85B

Total Equity

-5%

3Y-6.0%

5Y+21.0%

10Y+2958.0%

Innovative Industrial Properties, Inc. Funding & Solvency Profile

IIPR · NYSE

Current Assets

Cash & Cash Equivalents47.60M

Net Receivables16.80M

Inventory0.00

Other Current Assets-16.80M

Total Current Assets48 M

Non-Current Assets

Property, Plant & Equipment509.00K

Goodwill & Intangible Assets6.37M

Long-Term Investments2.29B

Other Non-Current Assets-2.29B

Total Non-Current Assets509 K

Total Assets

2.37B

Financial Health Analysis

Current Ratio

0.15x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

0.28x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

-271661000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

2% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Conservative with tight liquidity: Low debt is positive, but current ratio warrants attention. Consider whether the company is efficiently deploying its equity capital.

Innovative Industrial Properties, Inc. Balance Sheet

IIPR • NYSE

Innovative Industrial Properties, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	47.6M	146.2M	140.2M	87.1M	81.1M	126M	82.2M	13.1M	11.8M	33M
Cash & Short-Term Investments	47.6M	146.2M	140.2M	87.1M	81.1M	126M	82.2M	13.1M	11.8M	33M
Net Receivables	16.8M	22.8M	22M	18M	12.9M	0.0	0.0	0.0	0.0	0.0
Accounts Receivables	16.8M	22.8M	22M	18M	12.9M	0.0	0.0	0.0	0.0	0.0
Prepaids	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	482K	276K
Other Current Assets	-16.8M	0.0	1.5M	1.5M	5.3M	0.0	35.1M	0.0	-482K	0.0
Total Current Assets	47.6M	169M	163.7M	106.6M	99.3M	126M	117.3M	13.1M	11.8M	33.3M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	509K	946K	1.4M	1.7M	1.1M	980K	1.2M	0.0	0.0	0.0
Intangible Assets	6.4M	7.4M	8.2M	9.1M	9.1M	0.0	0.0	0.0	0.0	0.0
Goodwill & Intangible Assets	6.4M	7.4M	8.2M	9.1M	9.1M	0.0	0.0	0.0	0.0	0.0
Long-Term Investments	2.3B	5M	21.9M	200.9M	324.9M	619.3M	119.6M	120.4M	0.0	0.0
Other Non-Current Assets	-2.3B	2.2B	2.2B	2.1B	1.7B	1B	507.7M	148M	68.3M	30M
Total Non-Current Assets	6.9M	2.2B	2.2B	2.3B	2B	1.6B	628.5M	268.4M	68.3M	30M
Other Assets	2.3B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Assets	2.4B	2.4B	2.4B	2.4B	2.1B	1.8B	745.9M	281.5M	80M	63.3M
LIABILITIES
CURRENT LIABILITIES
Total Payables	68.7M	75.6M	72.8M	90.8M	92.8M	71.2M	41.4M	8.2M	2.3M	70K
Accounts Payable	13.8M	20.8M	21M	40M	54M	41.1M	28.4M	4.4M	1.1M	70K
Other Payables	54.9M	54.8M	51.8M	50.8M	38.8M	30.1M	13M	3.8M	1.2M	0.0
Short Term Debt	319.3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Revenue	50.3M	57.2M	59.4M	58.7M	52.8M	34.2M	20.6M	9M	4.2M	2.5M
Other Current Liabilities	-119.1M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Current Liabilities	319.3M	132.8M	132.2M	149.5M	145.6M	105.4M	62M	17.2M	6.4M	2.6M
NON-CURRENT LIABILITIES
Long Term Debt	74.4M	297.9M	300.9M	301.5M	326.1M	136.7M	134.7M	0.0	0.0	0.0
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	34.2M	20.6M	9M	4.2M	2.5M
Other Non-Current Liabilities	129.2M	11.3M	5.1M	1.9M	1.2M	-34.2M	-20.6M	-9M	-4.1M	-2.3M
Total Non-Current Liabilities	203.6M	309.2M	305.9M	303.4M	327.3M	137.8M	135.9M	0.0	41K	276K
Capital Lease Obligations	27K	0.0	0.0	0.0	0.0	1.1M	1.2M	14M	14M	29.5B
Total Liabilities	522.9M	442M	438.1M	452.9M	472.9M	243.1M	197.8M	17.2M	6.5M	2.9M
SHAREHOLDERS' EQUITY
Preferred Stock	47.8M	23.6M	14M	14M	14M	14M	14M	14M	14M	0.0
Common Stock	28K	28K	28K	28K	26K	24K	13K	10K	4K	3K
Additional Paid-In Capital	2.1B	2.1B	2.1B	2.1B	1.7B	1.6B	553.9M	260.5M	64M	64.8M
Retained Earnings	-313M	-211.7M	-156.9M	-117.4M	-75.2M	-48.1M	-19.9M	-10.3M	-4.5M	-4.4M
Total Stockholders' Equity	1.8B	1.9B	2B	2B	1.6B	1.5B	548M	264.3M	73.5M	60.4M
Total Equity	1.8B	1.9B	2B	2B	1.6B	1.5B	548M	264.3M	73.5M	60.4M
SUMMARY
Total Liabilities & Equity	2.4B	2.4B	2.4B	2.4B	2.1B	1.8B	745.9M	281.5M	80M	63.3M
Total Investments	2.3B	5M	21.9M	200.9M	324.9M	619.3M	119.6M	120.4M	0.0	0.0
Total Debt	393.7M	297.9M	300.9M	301.5M	326.1M	137.8M	135.9M	0.0	0.0	0.0
Net Debt	346.1M	151.6M	160.6M	214.4M	245M	11.7M	53.6M	-13.1M	-11.8M	-33M
Shares Outstanding	28,022,975	28,022,975	28,022,975	28,022,975	28,022,975	28,022,975	28,022,975	28,022,975	28,022,975	28,022,975

SEC Filings

IIPR - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 22, 2026	May 22, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 20, 2026	May 19, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 19, 2026	May 18, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 06, 2026	May 05, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 05, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 04, 2026	May 04, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 29, 2026	April 24, 2026	2026	View Filing
DEF 14A DEF 14A 2025 N/A	April 22, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	April 10, 2026	April 06, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 16, 2026	March 09, 2026	2026	View Filing

Showing 1 to 10 of 208 filings

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