IIPR FY 2025 Earnings — Innovative Industrial Properties, Inc. Revenue & Financial Results | Market Cap Arena

IIPRInnovative Industrial Properties, Inc.

$2B

FY 2025 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$266M-13.8% YoY

Gross Profit

$236M88.7% margin

Operating Income

$124M46.7% margin

Net Income

$114M43.0% margin

EPS (Diluted)

$3.93

Cash Flow

Operating Cash Flow

$198M

Free Cash Flow

$175M

Stock-Based Comp.

$10M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$523M

Stockholders' Equity

$1.8B

Cash & Equivalents

$48M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$266M	$309M	-13.8%
Gross Profit	$236M	$280M	-15.8%
Operating Income	$124M	$168M	-26.3%
Net Income	$114M	$162M	-29.2%