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10-K

Annual Report

INNOVATIVE INDUSTRIAL PROPERTIES INC IIPR IIPR-PA

0001677576-26-000001

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Filed
Feb 24, 2026 12:00 AM ET
Period of report

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding FY 2025 · Feb 23, 2026 28.14M sh
Shares Diluted FY 2025 · Dec 31, 2025 28.38M sh
Shares Diluted FY 2025 · Dec 31, 2024 28.53M sh
Shares Diluted FY 2025 · Dec 31, 2023 28.26M sh
Stock Repurchased FY 2025 · Dec 31, 2025 $20.11M
Stock Repurchased FY 2025 · Dec 31, 2024 $0
Stock Repurchased FY 2025 · Dec 31, 2023 $0
Dividends Paid FY 2025 · Dec 31, 2025 $216.28M
Dividends Paid FY 2025 · Dec 31, 2024 $211.95M
Dividends Paid FY 2025 · Dec 31, 2023 $202.71M
Operating Cash Flow FY 2025 · Dec 31, 2025 $198.19M
Operating Cash Flow FY 2025 · Dec 31, 2024 $258.45M
Operating Cash Flow FY 2025 · Dec 31, 2023 $255.54M
Long Term Debt FY 2025 · Dec 31, 2025 $393.72M
Short Term Investments FY 2025 · Dec 31, 2025 $0
Short Term Investments FY 2025 · Dec 31, 2024 $5M
Cash And Equivalents FY 2025 · Dec 31, 2025 $47.6M
Cash And Equivalents FY 2025 · Dec 31, 2024 $146.25M
Stockholders Equity FY 2025 · Dec 31, 2025 $1.85B
Stockholders Equity FY 2025 · Dec 31, 2024 $1.94B
Stockholders Equity FY 2025 · Dec 31, 2023 $1.95B
Stockholders Equity FY 2025 · Dec 31, 2022 $1.96B
Total Liabilities FY 2025 · Dec 31, 2025 $522.85M
Total Liabilities FY 2025 · Dec 31, 2024 $441.99M
Total Assets FY 2025 · Dec 31, 2025 $2.37B
Total Assets FY 2025 · Dec 31, 2024 $2.38B
Eps Diluted FY 2025 · Dec 31, 2025 $3.93
Eps Diluted FY 2025 · Dec 31, 2024 $5.52
Eps Diluted FY 2025 · Dec 31, 2023 $5.77
Eps Basic FY 2025 · Dec 31, 2025 $3.98
Eps Basic FY 2025 · Dec 31, 2024 $5.58
Eps Basic FY 2025 · Dec 31, 2023 $5.82
Sga Expense FY 2025 · Dec 31, 2025 $33.74M
Sga Expense FY 2025 · Dec 31, 2024 $37.44M
Sga Expense FY 2025 · Dec 31, 2023 $42.83M
Net Income FY 2025 · Dec 31, 2025 $118.25M
Net Income FY 2025 · Dec 31, 2024 $161.66M
Net Income FY 2025 · Dec 31, 2023 $165.59M
Operating Income FY 2025 · Dec 31, 2025 $124.12M
Operating Income FY 2025 · Dec 31, 2024 $168.35M
Operating Income FY 2025 · Dec 31, 2023 $174.59M
Revenue FY 2025 · Dec 31, 2025 $265.96M
Revenue FY 2025 · Dec 31, 2024 $308.52M
Revenue FY 2025 · Dec 31, 2023 $309.51M