INNOVATIVE INDUSTRIAL PROPERTIES INC
Company Stats
- Market Cap
- $1.5B
- as of Sep 30, 2026
- Shares Outstanding
- 27.6M
- Free Float
- 96.4%
Income Statement
- Revenue
- $266.0M
- Operating Income
- $124.1M
- Net Income
- $118.2M
- EBITDA
- $198.2M
- Non-cash Impairment
- $3.5M
- Revenue Growth, 3Y
- -1.3%
Balance Sheet
- Cash & Equivalents
- $47.6M
Returns & Capital
- Dividends Paid
- $216.3M
- Dividend Yield
- 14.9%
- Dividend Payout, 3Y Avg
- 145.5%
- Share Repurchases
- $20.1M
- Buyback Yield, 3Y Avg
- 0.5%
- SBC, 3Y Avg
- $15.7M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $266.0M | — | — |
| FY2024 | $308.5M | — | — |
| FY2023 | $309.5M | — | — |
| FY2022 | $276.4M | — | — |
| FY2021 | $204.6M | — | — |
Annual filing data through FY ended December 31, 2025; shares and float as of October 13, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Earnings
Other Coverage
October 1, 2026
Deals
IIPR to Fund $245 Million Alewife Park Mezzanine Loan
September 28, 2026
QBook
Stronger demand supports expansion as pricing diverges
June 18, 2026
Financials Signal
Regional Banks Shed Risk as Hospitality Recovers
June 11, 2026
Financials Signal
Capital Recycling and Credit Divergence
IIPR to Fund $245 Million Alewife Park Mezzanine Loan
September 28, 2026
QBook
Stronger demand supports expansion as pricing diverges
June 18, 2026
Financials Signal
Regional Banks Shed Risk as Hospitality Recovers
June 11, 2026
Financials Signal
Capital Recycling and Credit Divergence