INNOVATIVE INDUSTRIAL PROPERTIES INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $266.0 | $308.5 | $309.5 | $276.4 | $204.6 |
| Operating income | $124.1 | $168.3 | $174.6 | $169.6 | $135.4 |
| Net income | $118.2 | $161.7 | $165.6 | $154.4 | $114.0 |
| Cash Flow Statement | |||||
| Dividends | $216.3 | $212.0 | $202.7 | $183.9 | $131.0 |
| Share repurchases | $20.1 | $0.0 | $0.0 | — | — |
Shares outstanding 27.6M · Free float 96.4%
Annual filing data through FY ended December 31, 2025; float as of September 12, 2026.
Coverage
October 1, 2026
Deals
IIPR to Fund $245 Million Alewife Park Mezzanine Loan
September 28, 2026
QBook
Stronger demand supports expansion as pricing diverges
June 18, 2026
Financials Signal
Regional Banks Shed Risk as Hospitality Recovers
June 11, 2026
Financials Signal
Capital Recycling and Credit Divergence