IIPR Q1 2025 Earnings — Innovative Industrial Properties, Inc. Revenue & Financial Results | Market Cap Arena

IIPRInnovative Industrial Properties, Inc.

$2B

Q1 2025 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$72M-4.9% YoY

Gross Profit

$64M89.7% margin

Operating Income

$34M47.4% margin

Net Income

$31M43.3% margin

EPS (Diluted)

$1.03

QoQ Revenue Growth

-6.5%

Cash Flow

Operating Cash Flow

$54M

Free Cash Flow

$54M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$430M

Stockholders' Equity

$1.9B

Cash & Equivalents

$128M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$72M	$75M	-4.9%
Gross Profit	$64M	$69M	-6.4%
Operating Income	$34M	$42M	-19.2%
Net Income	$31M	$39M	-21.2%