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Companies/Innovative Industrial Properties, Inc.
Company profile

Innovative Industrial Properties, Inc.

NYSE: IIPR · Real Estate · REIT - Industrial
PublicHQ Park City, UT · SummitCIK 0001677576Reports USD
#104 of 255 Real Estate companies by revenuebottom-quartile growth
EA Score
54D
FH 76DQ 36GM 30SS 40
v0.1 · 65/100 weight · provisional
↑ balance-sheet leverage, return on assets · ↓ revenue growth (YoY), workforce scale
Methodology →
Revenue TTM
$263.2M
Rev growth YoY (TTM)
-13.6%
Net income (FY)
$118.2M
Employees
21
Market cap
$1.8B
OverviewFinancialsSegmentsFilingsESGPeople & Places

Financials — latest annual

SEC EDGAR · USD-normalized
ConceptUSDNativeFY
Revenue$266.0M$266.0M2025
Net income$118.2M$118.2M2025
Operating income$124.1M$124.1M2025
Total assets$2.4B$2.4B2025
Liabilities$522.9M$522.9M2025
Equity$1.8B$1.8B2025

Revenue trend

FY2020 – FY2025 · USD
$24.3M
FY20
$34.3M
FY20
$116.9M
FY20
$204.6M
FY21
$276.4M
FY22
$309.5M
FY23
$308.5M
FY24
$266.0M
FY25

Revenue by segment

No segmentation disclosed for this filer. n/a

The read

Innovative Industrial Properties, Inc. booked $266.0M in FY2025 revenue, contracting 14% year over year — slower than 82% of Real Estate companies we track, at a 44.5% net margin.

Peers · Real Estate
Xenia Hotels & Resorts, Inc.53DNETSTREIT Corp.53DGlobal Net Lease, Inc.45DDynex Capital, Inc.——
Neighbors
Summit →
Vendome Acquisition Corporation I——NRP Stone Inc.$260.9k42D
Key facts
CEOPaul E. Smithers
SectorReal Estate
IndustryREIT - Industrial
HeadquartersPark City, UT
ExchangeNYSE: IIPR
Employees21
IPO date2016-12-01
Latest filings
8-K2026-06-158-K2026-06-118-K2026-06-098-K2026-05-228-K2026-05-208-K2026-05-198-K2026-05-0610-Q2026-05-05
Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.
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