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 | $266.0M | $308.5M | $309.5M | $276.4M | $204.6M |
| Operating expenses | $141.5M | $136.7M | $134.9M | $110.3M | $69.2M |
| Operating income | $124.1M | $168.3M | $174.6M | $169.6M | $135.4M |
| Interest expense | $20.2M | $17.7M | $17.5M | $18.3M | $18.1M |
| Net income | $118.2M | $161.7M | $165.6M | $154.4M | $114.0M |
| Balance Sheet | |||||
| Cash and equivalents | $47.6M | $146.2M | $140.2M | $87.1M | $81.1M |
| Total assets | $2.4B | $2.4B | $2.4B | $2.4B | $2.1B |
| Total liabilities | $522.9M | $442.0M | $438.1M | $452.9M | $472.9M |
| Stockholders' equity | $1.8B | $1.9B | $2.0B | $2.0B | $1.6B |
| Cash Flow Statement | |||||
| Cash from operations | $198.2M | $258.4M | $255.5M | $234.1M | $188.7M |
| Depreciation and amortization | $74.1M | $70.8M | $67.2M | $61.3M | $41.8M |
| Stock-based compensation | $10.1M | $17.3M | $19.6M | $17.5M | $8.6M |
| Dividends paid | $216.3M | $212.0M | $202.7M | $183.9M | $131.0M |
| Share repurchases | $20.1M | $0 | $0 | — | — |
| Impairments | $3.5M | $0 | $0 | $0 | $0 |
Shares outstanding 28.8M · Free float 96.6%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.