IIPRInnovative Industrial Properties, Inc.

$2B

Q1 2021 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$43M+103.0% YoY

Gross Profit

$42M98.2% margin

Operating Income

$28M64.5% margin

Net Income

$26M60.5% margin

EPS (Diluted)

$1.05

QoQ Revenue Growth

+15.6%

Cash Flow

Operating Cash Flow

$43M

Free Cash Flow

$43M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$280M

Stockholders' Equity

$1.5B

Cash & Equivalents

$122M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$43M	$21M	+103.0%
Gross Profit	$42M	$21M	+105.1%
Operating Income	$28M	$12M	+125.4%
Net Income	$26M	$12M	+118.4%

IIPR Q1 2021 Earnings — Innovative Industrial Properties, Inc. Revenue & Financial Results | Market Cap Arena