IIPR Q4 2022 Earnings — Innovative Industrial Properties, Inc. Revenue & Financial Results | Market Cap Arena

IIPRInnovative Industrial Properties, Inc.

$2B

Q4 2022 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$70M+19.5% YoY

Gross Profit

$67M95.3% margin

Operating Income

$44M62.8% margin

Net Income

$42M58.9% margin

EPS (Diluted)

$1.46

QoQ Revenue Growth

-0.6%

Cash Flow

Operating Cash Flow

$55M

Free Cash Flow

-$2M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$453M

Stockholders' Equity

$2.0B

Cash & Equivalents

$87M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$70M	$59M	+19.5%
Gross Profit	$67M	$57M	+17.6%
Operating Income	$44M	$38M	+15.0%
Net Income	$42M	$29M	+45.0%