Innovative Industrial Properties, Inc.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 204.55M | 276.36M | 309.51M | 308.52M | 265.95M | -13.8% | |
| Cost of Revenue | (4.44M) | (10.52M) | (24.89M) | (28.47M) | (30.18M) | 6.0% | |
Gross Profit | 200.11M | 265.84M | 284.61M | 280.05M | 235.78M | -15.8% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (22.96M) | (38.52M) | (42.83M) | (37.44M) | (33.73M) | -9.9% | |
| General & Administrative | (22.96M) | (38.52M) | (42.83M) | (37.44M) | (33.73M) | -9.9% | |
| Depreciation & Amortization | (41.78M) | (61.30M) | (67.19M) | (70.81M) | (74.07M) | 4.6% | |
Operating Income (EBIT) | 135.37M | 169.62M | 174.59M | 168.34M | 124.12M | -26.3% | |
| Non-Operating Items | |||||||
| Interest Income | 397.00K | 3.19M | 7.08M | 10.99M | — | -100.0% | |
| Interest Expense | (18.09M) | (18.30M) | (16.10M) | (16.26M) | (20.20M) | 24.2% | |
| Other Income/Expenses (Net) | -21.38M | -15.23M | -9.00M | -6.69M | -9.69M | 44.8% | |
Income Before Tax | 113.99M | 154.39M | 165.59M | 161.65M | 114.44M | -29.2% | |
| Income Tax Expense | — | — | — | — | — | — | |
Net Income | 113.99M | 154.39M | 165.59M | 161.66M | 114.44M | -29.2% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $5 | $6 | $6 | $6 | $4 | -28.7% | |
| Weighted Avg Shares Outstanding | 23.90M | 27.35M | 27.98M | 28.23M | 28.01M | -0.8% | |
| Weighted Avg Shares Outstanding (Diluted) | 26.26M | 27.66M | 28.26M | 28.53M | 28.38M | -0.5% | |
EBITDA | 172.15M | 232.64M | 248.88M | 248.72M | 208.70M | -16.1% |
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