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Innovative Industrial Properties, Inc. IIPR Tenant Improvements and Construction Payable

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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$1.77B-7.9%
P/E14.8×+2.2×
P/S6.7×+0.4×

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 iipr:TenantImprovementsAndConstructionPayable.

The official record: Innovative Industrial Properties, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Innovative Industrial Properties, Inc.'s tenant improvements and construction payable?
Innovative Industrial Properties, Inc. (IIPR) reported tenant improvements and construction payable of $851K in Q1 2026.
How has Innovative Industrial Properties, Inc.'s tenant improvements and construction payable changed year-over-year?
Innovative Industrial Properties, Inc.'s tenant improvements and construction payable decreased by 90.6% year-over-year, from $9.01M to $851K.
What is the long-term trend for Innovative Industrial Properties, Inc.'s tenant improvements and construction payable?
Over 5 years (2020 to 2025), Innovative Industrial Properties, Inc.'s tenant improvements and construction payable has grown at a -39.5% compound annual growth rate (CAGR), from $36.5M to $2.96M.
What does tenant improvements and construction payable mean?
This represents the outstanding financial obligations related to capital improvements and construction work performed on leased properties. It captures the company's liability to contractors or vendors for property enhancements that are typically reimbursed by or amortized over the lease term. This metric helps in understanding the company's ongoing capital expenditure commitments and short-term liquidity needs.