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Segments

By segment

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Cannabis Portfolio Segment:$43.7M+1.6%
Life Science Portfolio Segment:$5.54M

Other financials

Income statement

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Revenue$69.0M-3.8%
Operating income$32.9M-3.1%
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:NetIncomeLoss.

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
Income from operations32,90933,964
Interest and other income6,3311,613
Interest expense(6,431)(4,500)
Net income32,80931,077
Preferred stock dividends(2,654)(781)
Net income attributable to common stockholders$30,155$30,296
Net income attributable to common stockholders per share (Note 9):
Basic$1.04$1.05

Item 1. Financial Statements (Unaudited)

FAQ

What is Innovative Industrial Properties, Inc.'s net income?
Innovative Industrial Properties, Inc. (IIPR) reported net income of $32.81M in Q1 2026.
How has Innovative Industrial Properties, Inc.'s net income changed year-over-year?
Innovative Industrial Properties, Inc.'s net income increased by 5.6% year-over-year, from $31.08M to $32.81M.
What is the long-term trend for Innovative Industrial Properties, Inc.'s net income?
Over 4 years (2021 to 2025), Innovative Industrial Properties, Inc.'s net income has grown at a 0.9% compound annual growth rate (CAGR), from $113.99M to $118.25M.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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