NYSE:IIPR
Innovative Industrial Properties Inc.
Innovative Industrial Properties Inc.'s revenue fell 13.8% in fiscal 2025 to $266.0M while operating margin fell to 46.7%. The diluted share count fell 0.5%.Summary generated from Innovative Industrial Properties Inc.'s SEC filings. Latest annual report filed Feb 24, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$266.0M
Revenue growth−13.8%
Revenue, 5-yr CAGR+17.9%
Gross marginn/a
Operating margin46.7%
Net margin44.5%
ROICn/a
Return on equity6.2%
Debt / equity0.21
Free cash flown/a
FCF marginn/a
Share count change−0.5%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 205 | 276 | 310 | 309 | 266 |
| Operating income | 135 | 170 | 175 | 168 | 124 |
| Net income | 114 | 154 | 166 | 162 | 118 |
| Free cash flow | n/a | n/a | n/a | n/a | n/a |
Recent filings
- 8-KEntry into a material agreement
Oct 1, 2026 - 8-KAmendment to articles or bylaws
Sep 25, 2026 - 4Insider transaction report
Sep 17, 2026 - 4Insider transaction report
Sep 1, 2026 - 8-KOther events
Sep 1, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 4, 2026 - 8-KResults of operations and financial condition
Aug 3, 2026 - 8-KOther events
Jul 21, 2026