Innovative Industrial Properties Inc. (IIPRPA) Financial Statements (2026 and earlier)

Company Profile

Business Address 1389 CENTER DRIVE
PARK CITY, UT 84098
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 65 - Real Estate (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments47,597151,245162,197288,057405,985745,281
Cash and cash equivalent47,597146,245140,24987,12281,096126,006
Short-term investments  5,00021,948200,935324,889619,275
Total current assets:47,597151,245162,197288,057405,985745,281
Noncurrent Assets
Operating lease, right-of-use asset 5099461,3551,7391,068980
Inventory, real estate      301,049
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization186,913209,165260,297194,059122,38675,660
Intangible asset, including goodwill, after accumulated amortization6,3667,3858,2459,1059,148 
Intangible asset, excluding goodwill, after accumulated amortization6,3667,3858,2459,1059,148 
Total noncurrent assets:193,788217,496269,897204,903132,602377,689
Other undisclosed assets2,129,4732,009,3061,958,9961,921,8761,546,015645,111
TOTAL ASSETS:2,370,8582,378,0472,391,0902,414,8362,084,6021,768,081
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt5,000     
Lease deposit liability5,000     
Total noncurrent liabilities:5,000     
Other undisclosed liabilities517,854441,987438,118452,943472,903243,109
Total liabilities:522,854441,987438,118452,943472,903243,109
Equity
Equity, attributable to parent, including:1,848,0041,936,0601,952,9721,961,8931,611,6991,524,972
Preferred stock47,78023,63214,00914,00914,00914,009
Common stock282828282624
Additional paid in capital2,113,1842,124,1132,095,7892,065,2481,672,8821,559,059
Other undisclosed equity, attributable to parent(312,988)(211,713)(156,854)(117,392)(75,218)(48,120)
Total equity:1,848,0041,936,0601,952,9721,961,8931,611,6991,524,972
TOTAL LIABILITIES AND EQUITY:2,370,8582,378,0472,391,0902,414,8362,084,6021,768,081

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues265,955308,517309,506276,359204,551116,896
Operating lease, lease income265,486306,936307,349274,377204,551116,896
Gross profit:265,955308,517309,506276,359204,551116,896
Operating expenses(141,507)(136,723)(134,919)(110,343)(69,180)(47,159)
Other undisclosed operating income (loss)(326)(3,449) 3,601  
Operating income:124,122168,345174,587169,617135,37169,737
Nonoperating income
(Investment Income, Nonoperating)		 11,4943,198   
Interest and debt expense(20,195)(17,672)(17,467)(18,426)(21,778)(7,431)
Income from continuing operations:103,927162,167160,318151,191113,59362,306
Income before gain (loss) on sale of properties:✕✕✕✕✕113,59362,306
Other undisclosed net income (loss)14,320(506)5,2703,195397 
Net income:118,247161,661165,588154,386113,99062,306
Other undisclosed net income attributable to parent     3,424
Net income attributable to parent:118,247161,661165,588154,386113,99065,730
Preferred stock dividends and other adjustments(3,812)(1,804)(1,352)(1,352)(1,352)(1,352)
Net income available to common stockholders, basic:114,435159,857164,236153,034112,63864,378
Dilutive securities, effect on basic earnings per share  282125467,517 
Other undisclosed net loss available to common stockholders, diluted(2,987)(2,254)(1,482)(834)(557) 
Net income available to common stockholders, diluted:111,448157,631162,966152,746119,59864,378

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:118,247161,661165,588154,386113,99062,306
Comprehensive income, net of tax, attributable to parent:118,247161,661165,588154,386113,99062,306

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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