Innovative Industrial Properties Inc. (IIPRPA) Financial Statements (2025 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
| 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 151,245 | 172,443 | 160,946 | 173,528 | 162,197 | 158,919 | |||
| Cash and cash equivalent | 146,245 | 147,128 | 120,835 | 153,502 | 140,249 | 117,034 | |||
| Short-term investments | 5,000 | 25,315 | 40,111 | 20,026 | 21,948 | 41,885 | |||
| Total current assets: | 151,245 | 172,443 | 160,946 | 173,528 | 162,197 | 158,919 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 946 | 1,051 | 1,154 | 1,255 | 1,355 | 1,453 | |||
| Property, plant and equipment | 209,165 | 206,041 | 240,719 | 266,434 | 260,297 | 250,296 | |||
| Intangible assets, net (including goodwill) | 7,385 | 7,600 | 7,815 | 8,030 | 8,245 | 8,460 | |||
| Intangible assets, net (excluding goodwill) | 7,385 | 7,600 | 7,815 | 8,030 | 8,245 | 8,460 | |||
| Total noncurrent assets: | 217,496 | 214,692 | 249,688 | 275,719 | 269,897 | 260,209 | |||
| Other undisclosed assets | 2,009,306 | 2,008,196 | 1,973,541 | 1,950,266 | 1,958,996 | 1,970,295 | |||
| TOTAL ASSETS: | 2,378,047 | 2,395,331 | 2,384,175 | 2,399,513 | 2,391,090 | 2,389,423 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | |||||||||
| Lease deposit liability | |||||||||
| Total noncurrent liabilities: | |||||||||
| Other undisclosed liabilities | 441,987 | 448,794 | 436,975 | 444,086 | 438,118 | 440,754 | |||
| Total liabilities: | 441,987 | 448,794 | 436,975 | 444,086 | 438,118 | 440,754 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,936,060 | 1,946,537 | 1,947,200 | 1,955,427 | 1,952,972 | 1,948,669 | |||
| Preferred stock | 23,632 | 23,632 | 14,009 | 14,009 | 14,009 | 14,009 | |||
| Common stock | 28 | 28 | 28 | 28 | 28 | 28 | |||
| Additional paid in capital | 2,124,113 | 2,119,798 | 2,115,482 | 2,111,111 | 2,095,789 | 2,081,291 | |||
| Other undisclosed equity, attributable to parent | (211,713) | (196,921) | (182,319) | (169,721) | (156,854) | (146,659) | |||
| Total equity: | 1,936,060 | 1,946,537 | 1,947,200 | 1,955,427 | 1,952,972 | 1,948,669 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,378,047 | 2,395,331 | 2,384,175 | 2,399,513 | 2,391,090 | 2,389,423 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 76,744 | 76,526 | 79,793 | 75,454 | 79,156 | 77,826 | ||
| Operating lease, lease income | 76,717 | 76,052 | 79,253 | 74,914 | 78,615 | 77,286 | ||
| Gross profit: | 76,744 | 76,526 | 79,793 | 75,454 | 79,156 | 77,826 | ||
| Operating expenses | (34,736) | (34,569) | (33,997) | (33,421) | (35,199) | (33,977) | ||
| Other undisclosed operating loss | (3,449) | |||||||
| Operating income: | 42,008 | 41,957 | 42,347 | 42,033 | 43,957 | 43,849 | ||
| Nonoperating income (Investment Income, Nonoperating) | 2,555 | 2,685 | 3,966 | 1,972 | 304 | |||
| Interest and debt expense | (4,536) | (4,427) | (4,320) | (4,389) | (4,145) | (4,330) | ||
| Income from continuing operations: | 40,027 | 40,215 | 41,993 | 39,616 | 40,116 | 39,519 | ||
| Other undisclosed net income (loss) | (2) | (188) | 1,517 | |||||
| Net income: | 40,025 | 40,215 | 41,993 | 39,428 | 41,633 | 39,519 | ||
| Other undisclosed net income attributable to parent | 2,075 | |||||||
| Net income attributable to parent: | 40,025 | 40,215 | 41,993 | 39,428 | 41,633 | 41,594 | ||
| Preferred stock dividends and other adjustments | (564) | (564) | (338) | (338) | (338) | (338) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (570) | |||||||
| Other undisclosed net income available to common stockholders, basic | 570 | |||||||
| Net income available to common stockholders, basic: | 39,461 | 39,651 | 41,655 | 39,090 | 41,295 | 41,256 | ||
| Dilutive securities, effect on basic earnings per share | 28 | 43 | 50 | |||||
| Other undisclosed net loss available to common stockholders, diluted | (570) | (570) | (570) | (544) | (376) | (372) | ||
| Net income available to common stockholders, diluted: | 38,891 | 39,081 | 41,085 | 38,574 | 40,962 | 40,934 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 40,025 | 40,215 | 41,993 | 39,428 | 41,633 | 39,519 | ||
| Comprehensive income, net of tax, attributable to parent: | 40,025 | 40,215 | 41,993 | 39,428 | 41,633 | 39,519 | ||
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.