IIPRInnovative Industrial Properties, Inc.

$2B

Q1 2018 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$3M+108.6% YoY

Gross Profit

$3M96.9% margin

Operating Income

$724,00026.2% margin

Net Income

$945,00034.2% margin

EPS (Diluted)

$0.16

QoQ Revenue Growth

+21.1%

Cash Flow

Operating Cash Flow

$1M

Free Cash Flow

$1M

Stock-Based Comp.

$330,000

Balance Sheet

Total Assets

$159M

Total Liabilities

$7M

Stockholders' Equity

$152M

Cash & Equivalents

$42M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3M	$1M	+108.6%
Gross Profit	$3M	$1M	+102.0%
Operating Income	$724,000	-$591,000	+222.5%
Net Income	$945,000	-$591,000	+259.9%

IIPR Q1 2018 Earnings — Innovative Industrial Properties, Inc. Revenue & Financial Results | Market Cap Arena