Revenue
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Innovative Industrial Properties Inc (IIPR)
Price$57.20Cached quote
Net income
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Free cash flow
2017
Total cash / debt
CashTotal debt
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $266.0M | $308.5M | $309.5M | $276.4M | $204.6M | $116.9M | $44.7M | $14.8M | $6.4M | $321,000 |
| Operating expenses | $141.5M | $136.7M | $134.9M | $110.3M | $69.2M | $47.2M | $19.7M | $9.4M | $6.6M | $4.7M |
| Operating income | $124.1M | $168.3M | $174.6M | $169.6M | $135.4M | $69.7M | $24.9M | $5.3M | −$223,000 | — |
| Operating margin | 46.67% | 54.57% | 56.41% | 61.38% | 66.18% | 59.66% | 55.82% | 36.10% | −3.47% | — |
| EBITDA | $198.2M | $239.2M | $241.8M | $230.9M | $177.1M | $97.8M | $33.5M | $8.0M | $692,000 | — |
| EBITDA margin | 74.52% | 77.52% | 78.12% | 83.56% | 86.60% | 83.63% | 75.08% | 53.88% | 10.78% | — |
| Net income | $118.2M | $161.7M | $165.6M | $154.4M | $114.0M | $65.7M | $23.5M | $7.0M | −$72,000 | −$4.4M |
| Net profit margin | 44.46% | 52.40% | 53.50% | 55.86% | 55.73% | 56.23% | 52.56% | 47.24% | −1.12% | −1,368.22% |
| Basic EPSper basic share | $3.98 | $5.58 | $5.82 | $5.57 | $4.69 | $3.28 | $2.06 | $0.76 | -$0.13 | -$4.56 |
| Diluted EPSper diluted share | $3.93 | $5.52 | $5.77 | $5.52 | $4.55 | $3.27 | $2.03 | $0.75 | -$0.13 | -$4.56 |
Owners
Reported shareholders
18.13%of listed shares
BlackRock, Inc.5M shares · Jun 30, 2026
View holders
| Holder | % owned |
|---|---|
BlackRock, Inc. | 18.13%5M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 10.22%2.82M shares |
STATE STREET CORP | 5.91%1.63M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.69%1.29M shares |
CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 2.35%648.6K shares |
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 2.05%564.31K shares |
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1.90%524.19K shares |
Invesco Ltd. | 1.80%497.46K shares |
NORTHERN TRUST CORP | 1.44%396K shares |
DIMENSIONAL FUND ADVISORS LP | 1.32%364.78K shares |
GOLDMAN SACHS GROUP INC | 1.32%362.73K shares |
Point72 Asset Management, L.P. | 1.28%351.54K shares |
D. E. Shaw & Co., Inc. | 1.10%304.57K shares |
Gold Alan D | ≈1.00%274.41K shares |
MORGAN STANLEY | 0.95%262.2K shares |
AlphaCore Capital LLC | 0.79%217.8K shares |
Bank of New York Mellon Corp | 0.75%206.4K shares |
PRINCIPAL FINANCIAL GROUP INC | 0.69%190.89K shares |
VANGUARD FIDUCIARY TRUST CO | 0.69%190.11K shares |
Smithers Paul E. | ≈0.63%172.88K shares |
Percentages use 27.57M shares of this listed class outstanding on Jun 30, 2026. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Nov 24, 2025Form 4 | Gold Alan DEXECUTIVE CHAIRMAN | BuyCommon Stock · indirect | 2.6K | $49.09 | $127.6K | 2.6K |
| Nov 20, 2025Form 4 | Smith David JonCFO AND TREASURER | BuyCommon Stock | 600 | $45.90 | $27.5K | 600 |
| Nov 20, 2025Form 4 | Gold Alan DEXECUTIVE CHAIRMAN | BuyCommon Stock · indirect | 1.0K | $45.70 | $45.7K | 58.5K |
| Nov 19, 2025Form 4 | Gold Alan DEXECUTIVE CHAIRMAN | BuyCommon Stock · indirect | 1.0K | $46.26 | $46.3K | 57.5K |
| Mar 3, 2025Form 4 | Stecher DavidDirector | SellCommon Stock | 7.6K | $70.55 | $536.1K | 1.3K |