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Innovative Industrial Properties, Inc. IIPR Q4 2024 Annual earnings

Reported February 19, 2025 · After market close

Revenue$76.7MBeat by $530.2KDiluted EPS$2.22In line
Revenue estimate$76.2M
EPS estimate$2.22

Next report

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

Financials

Q4 2024

Income statement

See full
Revenue$76.7M-3.0%
Operating income$42.0M-4.4%
Net income$40.0M-3.9%
EPS (diluted)$1.36-6.2%

Balance sheet

See full
Cash & equivalents$146.2M+3.2%
Total debt$290.1M+19,477%
Total equity$1.9B-0.9%
Total assets$2.4B-0.5%

Cash flow

See full
Operating cash flow$57.8M-12.5%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$1.89B-33.1%
Enterprise value$2.03B-24.2%
P/E11.7×-5.4×
P/S6.1×-3.0×

Profitability

See full
Operating margin54.6%-1.8pp
Net margin52.4%-1.1pp

Returns & leverage

See full
Return on equity8.3%-0.1pp
Debt / equity0.1×+0.1×

Segments

By segment

See full
Cannabis Portfolio Segment:$77.1M-0.3%

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 $2.1MQ1 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 $0.10Q1 2025$1.94Miss by $0.05
Q4 2024$2.22In line

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Questions, answered.

When did Innovative Industrial Properties, Inc. report Q4 2024 earnings?
Innovative Industrial Properties, Inc. (IIPR) reported Q4 2024 earnings on February 19, 2025 after market close.
What were Innovative Industrial Properties, Inc.'s Q4 2024 revenue and EPS?
Innovative Industrial Properties, Inc. reported revenue of $76.7M and diluted EPS of $2.22 for Q4 2024.
Did Innovative Industrial Properties, Inc. beat estimates in Q4 2024?
Revenue beat the consensus estimate of $76.2M by $530.2K. EPS beat the consensus estimate of $2.22 by $0.00.
Where can I find Innovative Industrial Properties, Inc.'s Q4 2024 SEC filings?
You can read the 10-K periodic report (0001558370-25-001322) directly on SEC EDGAR. The filing index links above go to sec.gov.