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Innovative Industrial Properties, Inc. IIPR Q3 2025 earnings

Reported November 3, 2025 · After market close

Revenue$64.7MMiss by $1.5M
EPS$1.71In line
Revenue estimate$66.2M
EPS estimate$1.71

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$64.7M-15.5%
Operating income$29.4M-29.9%
Net income$29.3M-27.1%
EPS (diluted)$0.97-29.2%

Balance sheet

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Cash & equivalents$36.7M-75.1%
Total debt$692.0K-40.3%
Total equity$1.9B-4.3%
Total assets$2.3B-2.4%

Cash flow

See full
Operating cash flow$45.6M-29.7%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$1.5B-60.5%
Enterprise value$1.47B-59.9%
P/E11.9×-11.4×
P/S5.4×-6.8×

Profitability

See full
Operating margin48.6%-6.1pp
Net margin45.8%-6.7pp

Returns & leverage

See full
Return on equity6.6%-1.7pp
Debt / equity0×0.0×

FAQ

When did Innovative Industrial Properties, Inc. report Q3 2025 earnings?
Innovative Industrial Properties, Inc. (IIPR) reported Q3 2025 earnings on November 3, 2025 after market close.
What were Innovative Industrial Properties, Inc.'s Q3 2025 revenue and EPS?
Innovative Industrial Properties, Inc. reported revenue of $64.7M and eps of $1.71 for Q3 2025.
Did Innovative Industrial Properties, Inc. beat estimates in Q3 2025?
Revenue missed the consensus estimate of $66.2M by $1.5M. EPS beat the consensus estimate of $1.71 by $0.00.
How did Innovative Industrial Properties, Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 15.5% from $76.5M a year earlier and eps declined 24.0% from $2.25.
Where can I find Innovative Industrial Properties, Inc.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0001104659-25-105733) and the 10-Q periodic report (0001677576-25-000005) directly on SEC EDGAR. The filing index links above go to sec.gov.