Innovative Industrial Properties, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $266.0M | $308.5M | $309.5M | $276.4M | $204.6M | $116.9M | $44.7M | $14.8M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $33.7M | $37.4M | $42.8M | $38.5M | $23.0M | $14.2M | $9.8M | $6.4M |
| Operating Income | $124.1M | $168.3M | $174.6M | $169.6M | $135.4M | $69.7M | $24.9M | $5.3M |
| Operating Margin | 46.7% | 54.6% | 56.4% | 61.4% | 66.2% | 59.7% | 55.8% | 36.1% |
| Interest Expense | — | — | $17.5M | $18.3M | $18.1M | $7.4M | $6.3M | $0 |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $118.2M | $161.7M | $165.6M | $154.4M | $114.0M | $65.7M | $23.5M | $7.0M |
| Net Margin | 44.5% | 52.4% | 53.5% | 55.9% | 55.7% | 56.2% | 52.6% | 47.2% |
| EPS (Basic) | $3.98 | $5.58 | $5.82 | $5.57 | $4.69 | $3.28 | $2.06 | $0.76 |
| EPS (Diluted) | $3.93 | $5.52 | $5.77 | $5.52 | $4.55 | $3.27 | $2.03 | $0.75 |
| Shares Outstanding (Basic) | 28.0M | 28.2M | 28.0M | 27.3M | 23.9M | 19.4M | 10.5M | 7.1M |
| Shares Outstanding (Diluted) | 28.4M | 28.5M | 28.3M | 27.7M | 26.3M | 19.6M | 10.7M | 7.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |