IIPR - NYSE
Innovative Industrial Properties, Inc.
$58.40
+2.0%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.
At a Glance
Live SnapshotInnovative Industrial Properties, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Outstanding operational efficiency. The company generates substantial profit from core operations.
Net Profit Margin
Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.
Effective Tax Rate
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Profitability Insight
Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.
Innovative Industrial Properties, Inc. Income Statement
IIPR • NYSE
| Innovative Industrial Properties, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | |||||||||||
266M | 308.5M | 309.5M | 276.4M | 204.6M | 116.9M | 44.7M | 14.8M | 6.4M | 321K | 5.6M | |
GROSS PROFIT | |||||||||||
(30.2M) | (28.5M) | (24.9M) | (10.5M) | (4.4M) | (5M) | (1.3M) | (445K) | (118K) | (87K) | (0.0) | |
235.8M | 280M | 284.6M | 265.8M | 200.1M | 111.9M | 43.4M | 14.3M | 6.3M | 234K | 5.6M | |
OPERATING INCOME | |||||||||||
(111.7M) | (111.7M) | (110M) | (96.2M) | (64.7M) | (42.2M) | (18.4M) | (9M) | (6.4M) | (919K) | (641.4K) | |
(33.7M) | (37.4M) | (42.8M) | (38.5M) | (23M) | (14.2M) | (9.8M) | (6.4M) | (5.5M) | (828K) | (0.0) | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -13.0 | (0.0) | |
124.1M | 168.3M | 174.6M | 169.6M | 135.4M | 69.7M | 24.9M | 5.3M | -223K | -4.4M | 5M | |
PRE-TAX INCOME | |||||||||||
(20.2M) | (16.3M) | (16.1M) | (18.3M) | (18.1M) | (7.4M) | (6.3M) | (0.0) | (0.0) | (0.0) | (0.0) | |
-20.2M | -5.3M | -9M | -15.1M | -17.7M | -4M | -1.5M | 1.6M | 151K | 0.0 | 0.0 | |
(77.9M) | (74.3M) | (67.2M) | (57.7M) | (41.8M) | (28M) | (8.6M) | (2.6M) | (915K) | (91K) | (0.0) | |
-9.7M | -6.7M | -9M | -15.2M | -21.4M | -4M | -1.5M | 1.6M | 151K | 0.0 | -641.4K | |
114.4M | 161.7M | 165.6M | 154.4M | 114M | 65.7M | 23.5M | 7M | -72K | -4.4M | 5M | |
NET INCOME | |||||||||||
114.4M | 161.7M | 165.6M | 154.4M | 114M | 65.7M | 23.5M | 7M | -72K | -4.4M | 5M |
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 | |
8-K 8-K 2026 N/A | May 20, 2026 | May 19, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 19, 2026 | May 18, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 06, 2026 | May 05, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 05, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 04, 2026 | May 04, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 29, 2026 | April 24, 2026 | 2026 | |
DEF 14A DEF 14A 2025 N/A | April 22, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | April 10, 2026 | April 06, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 16, 2026 | March 09, 2026 | 2026 |
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