IIPR · XBRL financial data

Innovative Industrial Properties financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (IIPR's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Apr 15, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Revenue	79*	—	80	77	77*	72	63	65	67*	69	63	65
General and administrative	11*	—	10	9	9*	8	9	9	8*	10	8	8
Total operating expenses	35*	—	34	35	35*	38	34	35	34*	37	34	36
Operating income (loss)	44*	—	42	42	42*	34	29	29	32*	33	41	29
Interest income	2*	—	4	3	3*	2	2	—	—	—	—	—
Interest expense	4*	—	4	4	5*	5	4	5	7*	6	8	12
Net income (loss)	42*	—	42	40	40*	31	26	29	32*	33	44	32
Earnings per share, basic USD per share	1.49*	—	1.45	1.38	1.42*	1.05	0.87	0.99	1.14*	1.04	1.39	1.01
Earnings per share, diluted USD per share	1.47*	—	1.44	1.37	1.40*	1.03	0.86	0.97	1.12*	1.02	1.36	0.99
Weighted average shares, basic millions of shares	28*	—	28	28	28*	28	28	28	28*	28	28	27
Weighted average shares, diluted millions of shares	28*	—	29	29	29*	29	28	28	28*	28	30	28

Fiscal quarters (IIPR's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Apr 15, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Cash and cash equivalents	140	—	121	147	146	128	100	37	48	89	205	142
Short-term investments	22	—	40	25	5	5	5	5	0	—	—	—
Right-of-use asset	1	—	1	1	1	1	1	1	1	—	—	—
Total assets	2,391	—	2,384	2,395	2,378	2,353	2,305	2,338	2,371	2,394	2,582	2,651
Total liabilities	438	—	437	449	442	430	425	475	523	499	730	820
Total stockholders' equity	1,953	—	1,947	1,947	1,936	1,922	1,880	1,863	1,848	1,895	1,852	1,830
Total liabilities and equity	2,391	—	2,384	2,395	2,378	2,353	2,305	2,338	2,371	2,394	2,582	2,651
Common shares outstanding (cover page) millions of shares	28	28	28	28	28	28	28	28	28	29	28	28

Fiscal quarters (IIPR's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Apr 15, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Net income (loss)	42*	—	42	40	40*	31	26	29	32*	33	44	32
Stock-based compensation	5*	—	4*	4*	4*	2	3*	3*	3*	3	3*	3*
Depreciation and amortization	17*	—	17	18	18*	18	19	19	19*	19	19	20
Net cash from operating activities	66*	—	64*	65*	58*	54	48*	46*	50*	56	45*	49*
Net cash from investing activities	(1)*	—	(44)*	6*	(4)*	(17)	(6)*	(110)*	(42)*	(0)	(78)*	(141)*
Proceeds from issuing common stock	year only	—	0*	0*	0*	0	0*	0*	0*	9	35*	0*
Share repurchases	year only	—	0*	0*	0*	0	20*	0*	0*	0	89*	0*
Dividends paid	51*	—	52*	54*	54*	54	54*	54*	54*	54	54*	53*
Repayments of long-term debt	year only	—	—	—	0*	9	0*	0*	0*	0	311*	7*
Net cash from financing activities	(42)*	—	(52)*	(45)*	(55)*	(55)	(71)*	1*	3*	(14)	152*	29*

SIC 6500 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6500 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Innovative Industrial Properties	142	65	49*	27.6M	—	Q3 FY26 10-QSep 30, 2026
Getty Realty	8.8	63	31*	67.1M	—	Q3 FY26 10-QSep 30, 2026
Ellington Financial	247	not reported	(19)*	128.9M	12.9 quarters	Q2 FY26 10-QJun 30, 2026
Cushman & Wakefield	501	2,763	54*	234.7M	—	Q2 FY26 10-QJun 30, 2026
Curbline Properties	123	71	42*	121.4M	—	Q3 FY26 10-QSep 30, 2026
Hudson Pacific Properties	81	188	not reported	54.3M	—	Q2 FY26 10-QJun 30, 2026
Urban Edge Properties	63	120	not reported	126.3M	—	Q3 FY26 10-QSep 30, 2026
Kennedy-Wilson Holdings	185	117	(88)	139.3M	2.1 quarters	Q1 FY26 10-QMar 31, 2026
Millrose Properties	34	197	886*	not reported	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.