IIPR Q1 2023 Earnings — Innovative Industrial Properties, Inc. Revenue & Financial Results | Market Cap Arena

IIPRInnovative Industrial Properties, Inc.

$2B

Q1 2023 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$76M+17.9% YoY

Gross Profit

$70M92.6% margin

Operating Income

$43M57.0% margin

Net Income

$41M54.0% margin

EPS (Diluted)

$1.43

QoQ Revenue Growth

+8.0%

Cash Flow

Operating Cash Flow

$65M

Free Cash Flow

$65M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$455M

Stockholders' Equity

$2.0B

Cash & Equivalents

$38M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$76M	$65M	+17.9%
Gross Profit	$70M	$63M	+12.7%
Operating Income	$43M	$40M	+8.7%
Net Income	$41M	$35M	+17.2%

Geographic Segments

Pennsylvania

$2M82%

TEXAS

$395,00018%