Skip to content
OpenCapital
Get started

Innovative Industrial Properties, Inc. IIPR Q3 2025 earnings

Reported November 3, 2025 · After market close

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

Next report

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

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

See full
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×

Versus estimates

Revenue

Q1 2026$69.0MBeat by $3.3MQ4 2025$66.7MBeat by $886.4K
Q3 2025$64.7MMiss by $1.5M
Q2 2025$62.9MMiss by $2.1MQ1 2025$71.7MBeat by $933.1KQ4 2024$76.7MBeat by $530.2K

Diluted EPS

Q1 2026$1.88Beat by $0.81Q4 2025$1.88Beat by $0.83
Q3 2025$1.71In line
Q2 2025$1.71Beat by $0.10Q1 2025$1.94Miss by $0.05Q4 2024$2.22In line

Ask the moment Innovative Industrial Properties, Inc. reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

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 diluted 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 diluted 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.