IIPR · Innovative Industrial Properties Inc
$55.99
-1.54 (-2.68%)
At close · Aug 14
Going-concern doubt
— cleared Aug 4, 2026
The latest filing states the doubt was alleviated.
“As of June 30, 2026, management believes the substantial doubt about the Company's ability to continue as a going concern has been resolved. The going concern conditions that caused substantial doubt no longer exist as the Company repaid in full the $291.2 million principal amount of its Notes due 2026 upon their maturity in May 2026.”View the 10-Q filed Aug 4, 2026
Market Cap
$1.54B
Shares
27.57M
Innovative Industrial Properties Inc Earnings Call Transcripts
Every quarterly earnings call for Innovative Industrial Properties Inc (IIPR) — the full transcript with speaker labels, the audio replay, AI call highlights and a management-tone score, plus the matching 8-K earnings release and the quarter's 10-Q or 10-K. Investor days and conferences appear here too.
Revenue & result across quarters
Revenue Net income YoY up YoY down artefacts
▲31.6%
$70.88M
$37.62M
'22 Q3
22-11-03
▲19.5%
$70.46M
$41.51M
'22 Q4
23-02-28
▲17.9%
$76.07M
$41.09M
'23 Q1
23-05-09
▲8.4%
$76.46M
$41.27M
'23 Q2
23-08-03
▲9.8%
$77.83M
$41.59M
'23 Q3
23-11-02
▲12.3%
$79.16M
$41.63M
'23 Q4
24-02-27
▼0.8%
$75.45M
$39.43M
'24 Q1
24-05-09
▲4.4%
$79.79M
$41.99M
'24 Q2
24-08-06
▼1.7%
$76.53M
$40.22M
'24 Q3
24-11-07
▼3%
$76.74M
$40.02M
'24 Q4
25-02-20
▼4.9%
$71.72M
$31.08M
'25 Q1
25-05-08
▼21.2%
$62.89M
$26.02M
'25 Q2
25-08-07
▼15.5%
$64.69M
$29.30M
'25 Q3
25-11-04
▼13.1%
$66.66M
$31.84M
'25 Q4
26-02-24
▼3.8%
$69.00M
$32.81M
'26 Q1
26-05-05
LATEST
▲0.7%
$63.31M
$43.85M
'26 Q2
26-08-04
Earnings call
FY26 · Q2
2026-08-04
Innovative Industrial Properties, Inc. Q2 2026 Earnings Call
Confident tone
Leasing Execution
Life Sciences Investment (IQHQ)
Asset Dispositions / Capital Recycling
Revenue
$63.31M
▲ 0.7% YoY Diluted EPS
$1.36
▲ 58.1% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY26 · Q1
2026-05-05
Innovative Industrial Properties Inc Q1 FY2026 Earnings Call
Positive tone
Cannabis rescheduling to Schedule III
Operating and financial results
IQHQ life sciences investment
Revenue
$69.00M
▼ 3.8% YoY Diluted EPS
$1.02
▼ 1% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY25 · Q4
2026-02-24
Innovative Industrial Properties Inc Q4 FY2025 Earnings Call
Positive tone
Nonperforming tenant resolution and re-leasing progress
Life science diversification and sector outlook
Legal proceedings, litigation costs and SEC inquiry
Revenue
$66.66M*
▼ 13.1% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY25 · Q3
2025-11-04
Innovative Industrial Properties Inc Q3 FY2025 Earnings Call
Positive tone
IQHQ life science investment
Cannabis rescheduling and federal reform
Balance sheet and capital access
Revenue
$64.69M
▼ 15.5% YoY Diluted EPS
$0.97
▼ 29.2% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY25 · Q2
2025-08-07
Innovative Industrial Properties Inc Q2 FY2025 Earnings Call
Balanced tone
IQHQ life science investment
Capital deployment and yield
State-level legalization
Revenue
$62.89M
▼ 21.2% YoY Diluted EPS
$0.86
▼ 40.3% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY25 · Q1
2025-05-08
Innovative Industrial Properties Inc Q1 FY2025 Earnings Call
Balanced tone
Tenant defaults and re-tenanting
Cannabis regulatory progress
Investment and leasing activity
Revenue
$71.72M
▼ 4.9% YoY Diluted EPS
$1.03
▼ 24.3% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY24 · Q4
2025-02-20
Innovative Industrial Properties Inc Q4 FY2024 Earnings Call
Balanced tone
Federal cannabis reform and rescheduling
PharmaCann default resolution
Tenant credit and underwriting
Revenue
$76.74M*
▼ 3% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY24 · Q3
2024-11-07
Innovative Industrial Properties Inc Q3 FY2024 Earnings Call
Balanced tone
Portfolio and tenant credit issues
Election results and state legalization
Federal rescheduling
Revenue
$76.53M
▼ 1.7% YoY Diluted EPS
$1.37
▼ 5.5% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY24 · Q2
2024-08-06
Innovative Industrial Properties Inc Q2 FY2024 Earnings Call
Confident tone
State-level cannabis market dynamics
Federal rescheduling of cannabis
Tenant concentration and MSO exposure
Revenue
$79.79M
▲ 4.4% YoY Diluted EPS
$1.44
▲ 0% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY24 · Q1
2024-05-09
Innovative Industrial Properties Inc Q1 FY2024 Earnings Call
Positive tone
Portfolio & tenant management
Leasing & development activity
State market dynamics
Revenue
$75.45M
▼ 0.8% YoY Diluted EPS
$1.36
▼ 4.9% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY23 · Q4
2024-02-27
Innovative Industrial Properties Inc Q4 FY2023 Earnings Call
Balanced tone
Portfolio releasing and recoveries
Cannabis market dynamics
Property expenses and reimbursements
Revenue
$79.16M*
▲ 12.3% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY23 · Q3
2023-11-02
Innovative Industrial Properties Inc Q3 FY2023 Earnings Call
Revenue
$77.83M
▲ 9.8% YoY Diluted EPS
$1.45
▲ 9.8% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY23 · Q2
2023-08-03
Innovative Industrial Properties Inc Q2 FY2023 Earnings Call
Revenue
$76.46M
▲ 8.4% YoY Diluted EPS
$1.44
▲ 1.4% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY23 · Q1
2023-05-09
Innovative Industrial Properties Inc Q1 FY2023 Earnings Call
Revenue
$76.07M
▲ 17.9% YoY Diluted EPS
$1.43
▲ 8.3% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY22 · Q4
2023-02-28
Innovative Industrial Properties Inc Q4 FY2022 Earnings Call
Revenue
$70.46M*
▲ 19.5% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY22 · Q3
2022-11-03
Innovative Industrial Properties Inc Q3 FY2022 Earnings Call
Revenue
$70.88M
▲ 31.6% YoY Diluted EPS
$1.32
▲ 10% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY22 · Q2
2022-08-04
Innovative Industrial Properties Inc Q2 FY2022 Earnings Call
Revenue
$70.51M
▲ 44.3% YoY Diluted EPS
$1.42
▲ 21.4% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY22 · Q1
2022-05-05
Innovative Industrial Properties Inc Q1 FY2022 Earnings Call
Revenue
$64.50M
▲ 50.4% YoY Diluted EPS
$1.32
▲ 25.7% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY21 · Q4
2022-02-24
Innovative Industrial Properties Inc Q4 FY2021 Earnings Call
Revenue
$58.94M*
▲ 58.9% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY21 · Q3
2021-11-04
Innovative Industrial Properties Inc Q3 FY2021 Earnings Call
Revenue
$53.86M
▲ 56.9% YoY Diluted EPS
$1.20
▲ 39.5% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY21 · Q2
2021-08-05
Innovative Industrial Properties Inc Q2 FY2021 Earnings Call
Revenue
$48.87M
▲ 100.7% YoY Diluted EPS
$1.17
▲ 60.3% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY21 · Q1
2021-05-06
Innovative Industrial Properties Inc Q1 FY2021 Earnings Call
Revenue
$42.88M
▲ 103% YoY Diluted EPS
$1.05
▲ 45.8% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY20 · Q4
2021-02-25
Innovative Industrial Properties Inc Q4 FY2020 Earnings Call
Revenue
$37.09M
▲ 109.9% YoY Diluted EPS
$0.91
▲ 16.7% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY20 · Q3
2020-11-05
Innovative Industrial Properties Inc Q3 FY2020 Earnings Call
Revenue
$34.33M
▲ 197.1% YoY Diluted EPS
$0.86
▲ 56.4% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY20 · Q2
2020-08-06
Innovative Industrial Properties Inc Q2 FY2020 Earnings Call
Revenue
$24.35M
▲ 182.5% YoY Diluted EPS
$0.73
▲ 143.3% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY20 · Q1
2020-05-07
Innovative Industrial Properties Inc Q1 FY2020 Earnings Call
Revenue
$21.13M
▲ 209.7% YoY Diluted EPS
$0.72
▲ 118.2% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY19 · Q4
2020-02-27
Innovative Industrial Properties Inc Q4 FY2019 Earnings Call
Revenue
$17.67M
▲ 269.5% YoY Diluted EPS
$0.78
▲ 225% YoY
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Showing 1–27 of 27 earnings calls
Key facts
CIK
1677576
CUSIP
45781V101
13F (30d)
297 filings
294 filers
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