IIPR Q3 2024 Earnings — Innovative Industrial Properties, Inc. Revenue & Financial Results | Market Cap Arena

IIPRInnovative Industrial Properties, Inc.

$2B

Q3 2024 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$77M-1.7% YoY

Gross Profit

$69M90.5% margin

Operating Income

$42M54.8% margin

Net Income

$40M52.6% margin

EPS (Diluted)

$1.37

QoQ Revenue Growth

-4.1%

Cash Flow

Operating Cash Flow

$65M

Free Cash Flow

$65M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$449M

Stockholders' Equity

$1.9B

Cash & Equivalents

$147M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$77M	$78M	-1.7%
Gross Profit	$69M	$72M	-3.2%
Operating Income	$42M	$44M	-4.3%
Net Income	$40M	$42M	-3.3%