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IIPR Q3 2023 Earnings — Innovative Industrial Properties, Inc. Revenue & Financial Results | Market Cap Arena
IIPR
Innovative Industrial Properties, Inc.
$2B
Q3 2023 Earnings
Real Estate
REIT - Industrial
Income Statement
Revenue
$78M
+9.8% YoY
Gross Profit
$72M
91.9% margin
Operating Income
$44M
56.3% margin
Net Income
$42M
53.4% 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
$2M
82%
TEXAS
$395,000
18%
← FY 2023
All Quarters
Q4 2023 →