IIPR Q1 2024 Earnings — Innovative Industrial Properties, Inc. Revenue & Financial Results | Market Cap Arena

IIPRInnovative Industrial Properties, Inc.

$2B

Q1 2024 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$75M-0.8% YoY

Gross Profit

$69M91.1% margin

Operating Income

$42M55.7% margin

Net Income

$39M52.3% margin

EPS (Diluted)

$1.36

QoQ Revenue Growth

-4.7%

Cash Flow

Operating Cash Flow

$72M

Free Cash Flow

$72M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$444M

Stockholders' Equity

$2.0B

Cash & Equivalents

$154M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$75M	$76M	-0.8%
Gross Profit	$69M	$70M	-2.4%
Operating Income	$42M	$43M	-3.1%
Net Income	$39M	$41M	-4.0%