Company profile
Innovative Industrial Properties, Inc.
NYSE: IIPR · Real Estate · REIT - Industrial
#133 of 326 Real Estate companies by revenuebottom-quartile growth
EA Score
56CFH 77DQ 43GM 29SS 41
v0.1 · 65/100 weight · provisional
↑ balance-sheet leverage, Altman-Z · ↓ revenue growth (YoY), listing tenure
Methodology →Revenue TTM
$263.7M
Rev growth YoY (TTM)
-8.4%
Net income (FY)
$118.2M
Employees
23
as of 2026-08-09
Market cap
$1.7B
as of 2026-08-09
Financials — latest annual
SEC EDGAR · USD-normalizedConceptUSDNativeFY
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
FY20
FY20
FY20
FY21
FY22
FY23
FY24
FY25
Revenue by segment
No segmentation disclosed for this filer. n/a
The read
What is Innovative Industrial Properties, Inc.’s revenue?
Innovative Industrial Properties, Inc. booked $266.0M in FY2025 revenue, contracting 14% year over year — slower than 83% of Real Estate companies we track, at a 44.5% net margin.
Peers · Real Estate
Genesis Land Development Corp.65BApollo Commercial Real Estate Finance, Inc.46DSafehold Inc.——LTC Properties, Inc.72BMorguard North American Residential Real Estate Investment Trust58CNexPoint Residential Trust, Inc.45DKey facts
CEOPaul E. Smithers
SectorReal Estate
IndustryREIT - Industrial
HeadquartersPark City, UT
ExchangeNYSE: IIPR
Employees23
IPO date2016-12-01
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.