IIPR Q2 2025 Earnings — Innovative Industrial Properties, Inc. Revenue & Financial Results | Market Cap Arena

IIPRInnovative Industrial Properties, Inc.

$2B

Q2 2025 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$63M-21.2% YoY

Gross Profit

$56M89.1% margin

Operating Income

$29M45.9% margin

Net Income

$26M41.4% margin

EPS (Diluted)

$0.86

QoQ Revenue Growth

-12.3%

Cash Flow

Operating Cash Flow

$48M

Free Cash Flow

$48M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$425M

Stockholders' Equity

$1.9B

Cash & Equivalents

$100M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$63M	$80M	-21.2%
Gross Profit	$56M	$73M	-23.2%
Operating Income	$29M	$42M	-31.8%
Net Income	$26M	$42M	-38.0%