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Innovative Industrial Properties, Inc. IIPR Q1 2025 earnings

Reported May 7, 2025 · After market close

Revenue$71.7MBeat by $933.1KDiluted EPS$1.94Miss by $0.05
Revenue estimate$70.8M
EPS estimate$1.99

Next report

Aug 5, 2026 (In 2 weeks)
Revenue estimate$67.5M
EPS estimate$1.02

Financials

Q1 2025

Income statement

See full
Revenue$71.7M-4.9%
Operating income$34.0M-19.2%
Net income$31.1M-21.2%
EPS (diluted)$1.03-24.3%

Balance sheet

See full
Cash & equivalents$128.0M-16.6%
Total debt$577.2M+41,845%
Total equity$1.9B-1.7%
Total assets$2.4B-2.0%

Cash flow

See full
Operating cash flow$54.2M-24.2%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$1.53B-47.1%
Enterprise value$1.98B-27.9%
P/E10×-7.7×
P/S5×-4.4×

Profitability

See full
Operating margin52.6%-3.5pp
Net margin50.3%-2.8pp

Returns & leverage

See full
Return on equity7.9%-0.5pp
Debt / equity0.3×+0.3×

Segments

By segment

See full
Cannabis Portfolio Segment:$71.7M-7.0%

Versus estimates

Revenue

Q1 2026$69.0MBeat by $3.3MQ4 2025$66.7MBeat by $886.4KQ3 2025$64.7MMiss by $1.5MQ2 2025$62.9MMiss by $2.1M
Q1 2025$71.7MBeat by $933.1K
Q4 2024$76.7MBeat by $530.2K

Diluted EPS

Q1 2026$1.88Beat by $0.81Q4 2025$1.88Beat by $0.83Q3 2025$1.71In lineQ2 2025$1.71Beat by $0.10
Q1 2025$1.94Miss by $0.05
Q4 2024$2.22In line

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Questions, answered.

When did Innovative Industrial Properties, Inc. report Q1 2025 earnings?
Innovative Industrial Properties, Inc. (IIPR) reported Q1 2025 earnings on May 7, 2025 after market close.
What were Innovative Industrial Properties, Inc.'s Q1 2025 revenue and EPS?
Innovative Industrial Properties, Inc. reported revenue of $71.7M and diluted EPS of $1.94 for Q1 2025.
Did Innovative Industrial Properties, Inc. beat estimates in Q1 2025?
Revenue beat the consensus estimate of $70.8M by $933.1K. EPS missed the consensus estimate of $1.99 by $0.05.
How did Innovative Industrial Properties, Inc.'s Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 4.9% from $75.5M a year earlier and diluted EPS declined 12.2% from $2.21.
Where can I find Innovative Industrial Properties, Inc.'s Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001628280-25-023920) directly on SEC EDGAR. The filing index links above go to sec.gov.