IIPRInnovative Industrial Properties, Inc.

$2B

Q2 2024 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$80M+4.4% YoY

Gross Profit

$73M91.4% margin

Operating Income

$42M53.1% margin

Net Income

$42M52.6% margin

EPS (Diluted)

$1.44

QoQ Revenue Growth

+5.8%

Cash Flow

Operating Cash Flow

$64M

Free Cash Flow

$64M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$437M

Stockholders' Equity

$1.9B

Cash & Equivalents

$121M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$80M	$76M	+4.4%
Gross Profit	$73M	$71M	+3.2%
Operating Income	$42M	$43M	-2.5%
Net Income	$42M	$41M	+1.8%

IIPR Q2 2024 Earnings — Innovative Industrial Properties, Inc. Revenue & Financial Results | Market Cap Arena