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Innovative Industrial Properties, Inc. IIPR Cannabis Portfolio Segment: — Impairment loss on real estate

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Other financials

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 debt$570.0K-99.8%
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

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Market cap$1.69B+17.0%
P/E14.1×+3.6×
P/S6.4×+1.4×

Profitability

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

Returns & leverage

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Return on equity6.3%-1.6pp
Debt / equity-0.1×

Where this comes from

Reported directly by Innovative Industrial Properties, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfRealEstate.

The source filing: Innovative Industrial Properties, Inc.’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:11 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001677576-26-000002
Line itemFor the Three Months Ended March 31, 2026For the Three Months Ended March 31, 2025
Total reportable segment revenue68,99671,722
Property expenses(7,576)(7,379)
Depreciation and amortization expense(18,584)(18,391)
Impairment loss on real estate(3,527)
Gain (loss) on sale of real estate422
Interest and other income442600
Cannabis Portfolio Segment net income43,70043,025
Life Science Portfolio Segment:

Item 1. Financial Statements (Unaudited)

FAQ

What is Innovative Industrial Properties, Inc.'s cannabis portfolio segment: — impairment loss on real estate?
Innovative Industrial Properties, Inc. (IIPR) reported cannabis portfolio segment: — impairment loss on real estate of $0 in Q1 2026.
How has Innovative Industrial Properties, Inc.'s cannabis portfolio segment: — impairment loss on real estate changed year-over-year?
Innovative Industrial Properties, Inc.'s cannabis portfolio segment: — impairment loss on real estate decreased by 100.0% year-over-year, from $3.53M to $0.
What does cannabis portfolio segment: — impairment loss on real estate mean?
Indicates a non-cash charge recognized when the carrying value of a real estate asset exceeds its fair market value, signaling a decline in the asset's economic value. This metric is a key indicator of potential portfolio risk and asset quality deterioration.

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