Innovative Industrial Properties, Inc.

IIPRNYSEReal Estate● Active

$59.19

+$0.63(+1.08%)

Market Cap$1.7B

P/E Ratio—

52W High$61.395

52W Low$44.58

Avg Volume308K

Open$59.00

Beta1.45

Net Income Financials Revenue

Innovative Industrial Properties, Inc. (IIPR) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

IIPR · net income · updated Jun 8, 2026

Core profitability metrics

IIPR · net income · margin · TTM · CAGR

Net income was $114.4M for FY2025 (fiscal year ending 2025-12-31), down 29.2% year-over-year. Net profit margin was 43.0%. Based on available data, Innovative Industrial Properties, Inc. has been profitable since at least 2015.

FY2025 Net Income$114.4M▼ -29.2% YoY

Trailing 12M (TTM)$120.0Mtrailing 4 quarters sum

Net Profit Margin43.0%$114.4M ÷ $266.0M

YoY Change-29.2%—

5-Year CAGR+11.7%FY2020 → FY2025

FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net Income (bars) · Net Profit Margin % (line)

Net IncomeNet LossNet Margin %★ First Profit: 2015

▸ FMP /income-statement · Annual · IIPR net income history · IIPR profit margin

Annual net income data

IIPR · net income history · annual / quarterly

Fiscal YearNet IncomeYoY ChangeNet MarginRevenue

FY2025$114.4M▼ 29.2%43.0%$266.0M

FY2024$161.7M▼ 2.4%52.4%$308.5M

FY2023$165.6M▲ +7.3%53.5%$309.5M

FY2022$154.4M▲ +35.4%55.9%$276.4M

FY2021$114.0M▲ +73.4%55.7%$204.6M

Net income vs peers (Real Estate)

IIPR vs peers · net income

#CompanyNet IncomeYoYNet MarginRelative

Innovative Industrial Properties, Inc.YOU

IIPR

$114.4M-29.2%43.0%

Simon Property Group, Inc.

American Tower Corporation

Real Estate · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

Innovative Industrial Properties, Inc. (IIPR) reported net income of $114.4M for FY2025 (fiscal year ending 2025-12-31), down 29.2% year-over-year. The net profit margin was 43.0% — meaning the company kept $0.43 of every dollar of revenue as profit.

Based on available data, Innovative Industrial Properties, Inc. has been profitable since at least 2015. Net income reached a peak of $165.6M in FY2023. Data available for 11 fiscal years.

Innovative Industrial Properties, Inc.'s net profit margin was 43.0% for FY2025, based on the latest annual results.

Investors sometimes search for "Innovative Industrial Properties, Inc. net worth" — the company's market capitalization is a separate figure from IIPR net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.

Revenue Financial statements Earnings Forecast Price history Market cap Free cash flow

Frequently asked questions

IIPR net income · 5 questions

Innovative Industrial Properties, Inc. is profitable. The company reported net income of $114.4M for FY2025, a net profit margin of 43.0%. Net income was down 29.2% year-over-year. Based on available data, Innovative Industrial Properties, Inc. has been profitable since at least 2015.

is IIPR profitabledoes IIPR make a profitIIPR profitabilityIIPR profitable company

▸ Source: FMP /income-statement · GAAP · Innovative Industrial Properties, Inc. · Innovative Industrial Properties, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026