Innovative Industrial Properties Inc (IIPR) Income Statement

An income statement shows a company's revenue, expenses, and profit over a reporting period.

Innovative Industrial Properties, Inc. is an internally managed real estate investment trust focused on the acquisition, ownership and management of specialized industrial properties and financial investments in the life science industry.

Total Revenue Chart for Innovative Industrial Properties Inc

Innovative Industrial Properties Inc (IIPR) revenue for FY2025 was USD 266.0M, a -13.8% change from FY2024. Innovative Industrial Properties Inc's revenue grew from USD 5.6M in 2015 to USD 266.0M in 2025 (4625.4% over 10 years). Earnings per share grew from USD 2.89 in 2015 to USD 3.93 in 2025 (36.1%). Revenue compound annual growth rate: 5-year CAGR of 17.9%, 10-year CAGR of 47.0%.

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Total Revenue (US Dollars)

R&D as % of Revenue

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Key Stats

Market Cap
$1.49B
Implied Share Price
$54.21
Enterprise Value
$1.81B
Revenue (TTM)
$263.65M
EBITDA
$202.60M
Profit Margin
52.27%
Trailing P/E
12.26
Forward P/E
14.04
Price/Book (MRQ)
0.86
Price/Sales (TTM)
5.67
EV/EBITDA
8.00
EV/Revenue
6.30
Dividend Yield
13.93%
Book Value
$62.48
Free Cash Flow (FY2025)
$174.76M
Free Cash Flow Yield
11.69%

Snapshot as of 24th October 2026 — not point-in-time controlled, may lag the live market by a few days.