IIPR Q3 2023 Earnings — Innovative Industrial Properties, Inc. Revenue & Financial Results | Market Cap Arena

IIPRInnovative Industrial Properties, Inc.

$2B

Q3 2023 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$78M+9.8% YoY

Gross Profit

$72M91.9% margin

Operating Income

$44M56.3% margin

Net Income

$42M53.4% margin

EPS (Diluted)

$1.45

QoQ Revenue Growth

+1.8%

Cash Flow

Operating Cash Flow

$63M

Free Cash Flow

$63M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$441M

Stockholders' Equity

$1.9B

Cash & Equivalents

$117M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$78M	$71M	+9.8%
Gross Profit	$72M	$68M	+5.1%
Operating Income	$44M	$41M	+6.0%
Net Income	$42M	$38M	+10.6%

Geographic Segments

Pennsylvania

$2M82%

TEXAS

$395,00018%