Innovative Industrial Properties, Inc.

IIPRNYSEReal Estate● Active

$60.85

+$2.29(+3.91%)

Market Cap$1.8B

P/E Ratio—

52W High$61.395

52W Low$44.58

Avg Volume308K

Open$59.00

Beta1.45

Cash on Hand Financials Revenue

Innovative Industrial Properties, Inc. (IIPR) Cash on Hand — Cash & Short-Term Investments

Cash & cash equivalents plus short-term investments from the balance sheet, YoY change, and net cash vs debt context.

IIPR · cash on hand · updated Dec 31, 2025

Core cash position

as of Dec 31, 2025

Cash & Short-Term Investments (CCE + ST Investments)

$47.6M▼ -67.5% vs prior year

FY · as of Dec 31, 2025 · Reported in USD

Cash & Cash Equiv. (CCE)

$47.6M

cashAndCashEquivalents

Short-Term Investments

shortTermInvestments

YoY Change vs Prior Year

-67.5%

vs prior fiscal year

Latest Quarter

$89.1M

Q1 2026

Data Scope & Methodology

Cash on Hand = Cash & Cash Equivalents (CCE) + Short-Term Investments, as reported on the balance sheet (10-K/10-Q). Also referred to as cash reserves or cash position. Not free cash flow.

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · Reported in USD

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · USDUpdated: December 31, 2025

Net cash vs debt

Cash vs Debt · Balance Sheet Health

Cash & ST Investments$47.6MCash on Hand

Total Debt$393.7MTotal Debt

Net Cash / Net Debt−$346.1MNet Debt Position

Cash vs Debt Ratio

Cash 11%Innovative Industrial Properties, Inc. cash as % of market cap: 2.72%% · MCap $2BDebt 89%

Innovative Industrial Properties, Inc. carries a net debt position of $346.1M. Total debt ($393.7M) exceeds cash on hand ($47.6M). Innovative Industrial Properties, Inc. cash vs debt ratio: 11% cash / 89% debt.

Net Cash = Cash & ST Investments − Total Debt$47.6M − $393.7M = −$346.1M

Cash on hand history

annual cash on hand trend · Cash & Short-Term Investments

YoY Increase

YoY Decrease

Latest Year

IIPR annual cash on hand history · Cash & Short-Term Investments · Source: FMP /balance-sheet-statement

Annual cash on hand by year

IIPR cash & short-term investments history

DatePeriodCash & ST InvestmentsYoY Change

Dec 31, 2025LatestFY$47.6M-67.5%

Dec 31, 2024FY$146.2M+4.3%

Dec 31, 2023FY$140.2M+61.0%

Dec 31, 2022FY$87.1M+7.4%

Dec 31, 2021FY$81.1M-35.6%

IIPR cash on hand annual historical data · Cash & Short-Term Investments per balance sheet (10-K/10-Q) · Reported in USD · Source: FMP /balance-sheet-statement

Real Estate Sector Cash Reserves Comparison

IIPR vs peers · cash on hand

#CompanyCash & ST Inv.Market CapCash/MCapRelative

American Tower Corporation

Innovative Industrial Properties, Inc.YOU

IIPR

$47.6M$2B2.7%

Real Estate sector cash reserves · Source: FMP /balance-sheet-statement + /profile · Sorted by Cash desccompanies with most cash on hand →

About cash on hand & methodology

Innovative Industrial Properties, Inc. (IIPR) cash on hand as of December 31, 2025 is $47.6M, comprising $47.6M in cash and cash equivalents (CCE) plus $0 in short-term investments — reported as Innovative Industrial Properties, Inc. cash and short-term investments on the balance sheet (10-K filing). Also referred to as Innovative Industrial Properties, Inc. cash reserves or cash position.

Innovative Industrial Properties, Inc. annual cash on hand history shows decreased -67.5% in 2025: decreased -67.5% in 2025. Innovative Industrial Properties, Inc. cash reserves in 2025 reflect the company's capital allocation strategy.

Innovative Industrial Properties, Inc. carries total debt of $393.7M against cash of $47.6M, resulting in a net debt position of -$346.1M. For the full balance sheet, see the Financials → Balance Sheet tab.

Figures tie to SEC 10-K/10-Q balance sheet disclosures and FMP /balance-sheet-statement where noted.

Financial statements Free cash flow Net income Revenue Market cap P/E ratio Earnings Price history

Frequently asked questions

IIPR cash on hand · 5 questions

As of December 31, 2025, Innovative Industrial Properties, Inc. (IIPR) has $47,597,000 in cash on hand — defined as cash and short-term investments on the balance sheet. This includes $47,597,000 in cash and cash equivalents (CCE) plus $0 in short-term investments. Latest quarter (March 31, 2026): $89,117,000. Data sourced from the annual 10-K filing via FMP.

IIPR cash on handIIPR cash reservesIIPR cash 2025how much cash does IIPR have

▸ Source: FMP /balance-sheet-statement · US GAAP · Innovative Industrial Properties, Inc. · Innovative Industrial Properties, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: December 31, 2025