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Innovative Industrial Properties, Inc. IIPR Q1 2026 earnings

Reported May 4, 2026 · After market close

Revenue$69.0MBeat by $3.3M
EPS$1.88Beat by $0.81
Revenue estimate$65.7M
EPS estimate$1.07

Next report

Nov 2, 2026 (in a month)
Revenue estimate$60.9M
EPS estimate$0.91

Financials

Q1 2026

Income statement

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Revenue$69.0M-3.8%
Operating income$32.9M-3.1%
Net income$32.8M+5.6%
EPS (diluted)$1.02-1.0%

Balance sheet

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Cash & equivalents$89.1M-30.4%
Total equity$1.9B-1.4%
Total assets$2.4B+1.8%

Cash flow

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Operating cash flow$56.0M+3.3%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$1.41B-7.9%
P/E11.8×+1.8×
P/S5.4×+0.3×

Profitability

See full
Operating margin46.8%-5.8pp
Net margin45.6%-4.7pp

Returns & leverage

See full
Return on equity6.3%-1.6pp

Segments

By segment

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Cannabis Portfolio Segment:$69.0M-3.8%

FAQ

When did Innovative Industrial Properties, Inc. report Q1 2026 earnings?
Innovative Industrial Properties, Inc. (IIPR) reported Q1 2026 earnings on May 4, 2026 after market close.
What were Innovative Industrial Properties, Inc.'s Q1 2026 revenue and EPS?
Innovative Industrial Properties, Inc. reported revenue of $69.0M and eps of $1.88 for Q1 2026.
Did Innovative Industrial Properties, Inc. beat estimates in Q1 2026?
Revenue beat the consensus estimate of $65.7M by $3.3M. EPS beat the consensus estimate of $1.07 by $0.81.
How did Innovative Industrial Properties, Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 3.8% from $71.7M a year earlier and eps declined 3.1% from $1.94.
Where can I find Innovative Industrial Properties, Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001104659-26-055008) and the 10-Q periodic report (0001677576-26-000002) directly on SEC EDGAR. The filing index links above go to sec.gov.