Innovative Industrial Properties (IIPR) reported $266M in revenue for fiscal 2025, −13.8% year on year. That ranks #2546 by revenue among 2853 SEC filers and #134 in Real estate. Net income was $118M, a net margin of 44.5%. Revenue has grown 59.3% a year on average since 2017 ($6.4M then). The fiscal 2025 balance sheet shows $2.4B in total assets, $47.6M in cash and $394M in long-term debt.
Key figures
| Key figures | FY2025 | YoY | Source |
|---|---|---|---|
| RevenueRevenues | $266M | −13.8% | FY20252025-12-31 |
| Gross profit | Not reported | — | |
| Operating incomeOperatingIncomeLoss | $124M | −26.3% | FY20252025-12-31 |
| Net incomeNetIncomeLoss | $118M | −26.9% | FY20252025-12-31 |
| Operating cash flowNetCashProvidedByUsedInOperatingActivities | $198M | −23.3% | FY20252025-12-31 |
| Capital expenditurePaymentsToAcquireProductiveAssets | $5.9M | — | FY20172017-12-31 |
| Total assetsAssets | $2.4B | −0.3% | FY20252025-12-31 |
| Shareholders' equityStockholdersEquity | $1.8B | −4.5% | FY20252025-12-31 |
| CashCashAndCashEquivalentsAtCarryingValue | $47.6M | −67.5% | FY20252025-12-31 |
| Long-term debtLongTermDebt | $394M | +192.4% | FY20252025-12-31 |
Revenue is total net sales for the fiscal year, taken from each company's own annual filing.
Reported since the last full year
Three-month figures this company has filed since FY2025. A quarter is not comparable with a full year, and these figures are used nowhere else on the site: not in any ranking, not in comparisons, not in the download.
| Quarter | Revenue | Net income | Source |
|---|---|---|---|
| Q1 20262026-03-31 | $69.0M | $32.8M | Open → |
| Q2 20262026-06-30 | $63.3M | $43.9M | Open → |
Only periods that end on a calendar quarter appear here. A company whose fiscal year ends in June files on a different calendar, so it has no row.
Profile
- Legal name
- Innovative Industrial Properties Inc
- Ticker
- IIPR
- Exchange
- NYSE
- SIC classification
- Real Estate (6500)
- Fiscal year end
- 12-31
- CIK
- 0001677576
Filings
- 10-QAug 4, 2026Open filing →
- 10-QMay 5, 2026Open filing →
- 10-KFeb 24, 2026Open filing →
Similar in size, same sector
| Company | Revenue | Net income |
|---|---|---|
| CenterspaceCSR | $274M | $17.1M |
| Apollo Commercial Real Estate FinanceARI | $272M | $127M |
| Franklin BSP Realty TrustFBRT | $270M | $84.1M |
| Innovative Industrial PropertiesIIPR | $266M | $118M |
| LTC PropertiesLTC | $263M | $124M |
| Umh PropertiesUMH | $262M | $6.0M |
| Nexpoint Residential TrustNXRT | $251M | −$32.2M |
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Innovative Industrial Properties — Key figures |url=https://companiesranked.com/en/company/innovative-industrial-properties |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Innovative Industrial Properties — Key figures. CompaniesRanked. https://companiesranked.com/en/company/innovative-industrial-propertiesBibTeX
@misc{companiesranked-en-company-innovative-industrial-properties-2026,
author = {{CompaniesRanked}},
title = {{Innovative Industrial Properties — Key figures}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/innovative-industrial-properties}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 10-K · 0001677576-26-000001 · February 24, 2026
{{cite web |title=Innovative Industrial Properties — Key figures — 10-K (0001677576-26-000001) |url=https://www.sec.gov/Archives/edgar/data/1677576/000167757626000001/iipr-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-24}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.