IIPR Q4 2023 Earnings — Innovative Industrial Properties, Inc. Revenue & Financial Results | Market Cap Arena

IIPRInnovative Industrial Properties, Inc.

$2B

Q4 2023 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$79M+12.3% YoY

Gross Profit

$72M90.9% margin

Operating Income

$44M55.5% margin

Net Income

$42M52.6% margin

EPS (Diluted)

$1.46

QoQ Revenue Growth

+1.7%

Cash Flow

Operating Cash Flow

$66M

Free Cash Flow

$66M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$438M

Stockholders' Equity

$2.0B

Cash & Equivalents

$140M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$79M	$70M	+12.3%
Gross Profit	$72M	$67M	+7.1%
Operating Income	$44M	$44M	-0.6%
Net Income	$42M	$42M	+0.3%