IIPR FY 2023 Earnings — Innovative Industrial Properties, Inc. Revenue & Financial Results | Market Cap Arena

IIPRInnovative Industrial Properties, Inc.

$2B

FY 2023 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$310M+12.0% YoY

Gross Profit

$285M92.0% margin

Operating Income

$175M56.4% margin

Net Income

$166M53.5% margin

EPS (Diluted)

$5.77

Cash Flow

Operating Cash Flow

$256M

Free Cash Flow

$256M

Stock-Based Comp.

$20M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$438M

Stockholders' Equity

$2.0B

Cash & Equivalents

$140M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$310M	$276M	+12.0%
Gross Profit	$285M	$266M	+7.1%
Operating Income	$175M	$170M	+2.9%
Net Income	$166M	$154M	+7.3%