IIPR · Innovative Industrial Properties Inc
Substantial doubt about the company's ability to continue as a going concern.
“management has concluded that there is substantial doubt about the Company's ability to continue as a going concern within one year following the date of issuance of these consolidated financial statements.”View the 10-Q filed May 5, 2026
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| $263.65M | $265.96M | $308.52M | $309.51M | $276.36M | $204.55M | $116.9M | $44.67M | $14.79M | $6.42M | |
| $262.73M | $265.49M | $306.94M | $307.35M | $274.38M | $204.55M | $116.9M | $44.67M | $14.79M | $6.42M | |
| $34.72M | $33.74M | $37.44M | $42.83M | $38.52M | $22.96M | $14.18M | $9.82M | $6.38M | $5.5M | |
| — | — | — | — | — | $33K | — | — | — | — | |
| $74.56M | $74.07M | $70.81M | $67.19M | $61.3M | $41.78M | $28.03M | $8.6M | $2.63M | $915K | |
| $0 | $3.53M | $0 | $0 | — | — | — | — | — | — | |
| $139.98M | $141.51M | $136.72M | $134.92M | $110.34M | $69.18M | $47.16M | $19.73M | $9.45M | $6.64M | |
| $135.62M | $124.12M | $168.35M | $174.59M | $169.62M | $135.37M | $69.74M | $24.94M | $5.34M | -$223K | |
| — | 46.67% | 54.57% | 56.41% | 61.38% | 66.18% | 59.66% | 55.82% | 36.1% | -3.47% | |
| $210.18M | $198.19M | $239.15M | $241.78M | $230.92M | $177.15M | $97.76M | $33.53M | $7.97M | $692K | |
| $26.03M | $20.2M | $17.67M | $17.47M | $18.3M | $18.09M | $7.43M | $6.31M | $0 | $0 | |
| $8.42M | — | $10.99M | $8.45M | $3.2M | — | — | — | — | $151K | |
| $137.81M | $118.25M | $161.66M | $165.59M | $154.39M | $113.99M | $65.73M | $23.48M | $6.99M | -$72K | |
| — | 44.46% | 52.4% | 53.5% | 55.86% | 55.73% | 56.23% | 52.56% | 47.24% | -1.12% | |
| $129.42M | $114.44M | $159.86M | $164.24M | $153.03M | $112.64M | $64.38M | $22.12M | $5.63M | -$395K | |
| USD/shares | $4.49 | $3.98 | $5.58 | $5.82 | $5.57 | $4.69 | $3.28 | $2.06 | $0.76 | -$0.13 |
| USD/shares | $4.42 | $3.93 | $5.52 | $5.77 | $5.52 | $4.55 | $3.27 | $2.03 | $0.75 | -$0.13 |
| shares | — | 28.01M | 28.23M | 27.98M | 27.35M | 23.9M | 19.44M | 10.55M | 7.14M | 3.38M |
| shares | — | 28.38M | 28.53M | 28.26M | 27.66M | 26.26M | 19.56M | 10.68M | 7.29M | 3.38M |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2017–FY2025: $20.11M in buybacks, $825.69M in dividends.
Debt Profile
Annual debt figures are established from 10-K filings and updated by subsequent 10-Q and 8-K disclosures. Instrument balances are not summed into a company total unless the filing itself reports that total.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 11 similar-size REIT - Industrial companies (of 15 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cannabis Portfolio | $265,955,000 | $308,517,000 | $309,506,000 |