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Innovative Industrial Properties, Inc. IIPR Construction in progress

Construction in progress at other companies

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National Health InvestorsNHI
$12.9M+119%
First Industrial Realty Trust logo
First Industrial Realty TrustFR
$207.41M+4.2%
Omega Healthcare Investors logo
Omega Healthcare InvestorsOHI
$11.99M+75.8%
LXP Industrial Trust logo
LXP Industrial TrustLXP
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Global Net Lease logo
Global Net LeaseGNL
$3.63M+79.3%
InvenTrust Properties logo
InvenTrust PropertiesIVT
$7.6M+21.7%

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$1.76B-7.9%
P/E14.7×+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 / equity0×-0.1×

Where this comes from

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

Tagged under the XBRL concept us-gaap:ConstructionInProgressGross.

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 construction in progress?
Innovative Industrial Properties, Inc. (IIPR) reported construction in progress of $40.31M in Q1 2026.
How has Innovative Industrial Properties, Inc.'s construction in progress changed year-over-year?
Innovative Industrial Properties, Inc.'s construction in progress decreased by 33.4% year-over-year, from $60.49M to $40.31M.
What is the long-term trend for Innovative Industrial Properties, Inc.'s construction in progress?
Over 3 years (2022 to 2025), Innovative Industrial Properties, Inc.'s construction in progress has grown at a -9.1% compound annual growth rate (CAGR), from $54.11M to $40.59M.
What does construction in progress mean?
Costs accumulated for facilities, equipment, or infrastructure projects under construction — not yet placed in service or generating revenue.