← INNOVATIVE INDUSTRIAL PROPERTIES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $321k |
$6.4m
+1900.00%
|
$14.8m
+130.33%
|
$44.7m
+202.07%
|
$116.9m
+161.71%
|
$204.6m
+74.99%
|
$276.4m
+35.11%
|
$309.5m
+11.99%
|
$308.5m
-0.32%
|
$266.0m
-13.80%
|
|
| Gains (Losses) on Sales of Investment Real Estate | — | — | — | — | — | — | $3.6m | — | ($3.4m) | — | |
| Revenue Not from Contract with Customer, Other | $54k | — | — | — | — | — | $2.0m | $2.2m | $1.6m | $469k | |
| General and Administrative Expense | $770k | $5.5m | $6.4m | $9.8m | $14.2m | $23.0m | $38.5m | $42.8m | $37.4m | $33.7m | |
| Amortization of Intangible Assets | — | — | — | — | — | $33k | — | — | — | — | |
| Operating Lease, Lease Income | $180k | $6.3m | $14.3m | $44.7m | $116.9m | $204.6m | $274.4m | $307.3m | $306.9m | $265.5m | |
| Operating Lease, Expense | — | — | — | $87k | — | — | — | — | $500k | — | |
| Operating Expenses | $4.7m | $6.6m | $9.4m | $19.7m | $47.2m | $69.2m | $110.3m | $134.9m | $136.7m | $141.5m | |
| Operating Income (Loss) | — | ($223k) |
$5.3m
+2493.72%
|
$24.9m
+367.12%
|
$69.7m
+179.68%
|
$135.4m
+94.12%
|
$169.6m
+25.30%
|
$174.6m
+2.93%
|
$168.3m
-3.58%
|
$124.1m
-26.27%
|
|
| Interest Expense, Debt | — | — | — | $6.3m | — | — | — | — | — | — | |
| Investment Income, Interest | — | $151k | — | — | — | — | — | — | $11.0m | — | |
| Gain (loss) on sale of real estate | — | — | — | — | — | — | $3.6m | $0 | ($3.4m) | ($326k) | |
| Gain (loss) on exchange of Exchangeable Senior Notes | — | — | — | — | — | ($3.7m) | ($125k) | $22k | $0 | $0 | |
| Interest Expense (non-operating) | — | $0 | $0 | $6.3m | $7.4m | $18.1m | $18.3m | $17.5m | $17.7m | $20.2m | |
| Interest and Other Income | — | $151k | $1.6m | $4.8m | $3.4m | $397k | $3.2m | $8.4m | $11.0m | $14.3m | |
| Net Income (Loss) Attributable to Parent | ($4.4m) |
($72k)
+98.36%
|
$7.0m
+9801.39%
|
$23.5m
+236.08%
|
$65.7m
+180.00%
|
$114.0m
+73.42%
|
$154.4m
+35.44%
|
$165.6m
+7.26%
|
$161.7m
-2.37%
|
$114.4m
-29.21%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | ($4.4m) |
($395k)
+91.01%
|
$5.6m
+1526.08%
|
$22.1m
+292.74%
|
$64.4m
+191.00%
|
$112.6m
+74.96%
|
$153.0m
+35.86%
|
$164.2m
+7.32%
|
$159.9m
-2.67%
|
$114.4m
-28.41%
|
|
| Preferred Stock Dividends, Income Statement Impact | — | $0 | $1 | $1 | $1 | $1 | $1 | $1 | $2 | — | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | — | — | — | — | $509k | $557k | $834k | $1.5m | $2.3m | — | |
| Preferred stock dividends | — | $0 | $1 | ($1) | ($1) | ($1) | ($1) | ($1) | ($2) | ($4) | |
| Earnings Per Share, Basic | — | ($0.13) | $0.76 | $2.06 | $3.28 | $4.69 | $5.57 | $5.82 | $5.58 | $3.98 | |
| Earnings Per Share, Diluted | ($4.56) | ($0.13) | $0.75 | $2.03 | $3.27 | $4.55 | $5.52 | $5.77 | $5.52 | $3.93 | |
| Common Stock, Dividends, Per Share, Declared | — | $0.55 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| Weighted Average Number of Shares Outstanding, Basic | — | 3.4m | 7.1m | 10.5m | 19.4m | 23.9m | 27.3m | 28.0m | 28.2m | 28.0m | |
| Basic (in shares) | — | $3.4m | $7.1m | $10.5m | $19.4m | $23.9m | $27.3m | $28.0m | $28.2m | $28.0m | |
| Diluted (in shares) | — | $3.4m | $7.3m | $10.7m | $19.6m | $26.3m | $27.7m | $28.3m | $28.5m | $28.4m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | 3.4m | 7.3m | 10.7m | 19.6m | 26.3m | 27.7m | 28.3m | 28.5m | 28.4m | |
| Additional Financial Items | |||||||||||
| Other General Expense | — | $0 | — | — | — | — | — | — | — | — | |
| Rental (including tenant reimbursements) | $180k | $6.3m | $14.3m | $44.7m | $116.9m | $204.6m | $274.4m | $307.3m | $306.9m | $265.5m | |
| Property expenses | $87k | $118k | $445k | $1.3m | $5.0m | $4.4m | $10.5m | $24.9m | $28.5m | $30.2m | |
| Depreciation and amortization expense | — | $915k | $2.6m | $8.6m | $28.0m | $41.8m | $61.3m | $67.2m | $70.8m | $74.1m | |
| Impairment loss on real estate | — | — | — | — | — | — | — | $0 | $0 | $3.5m | |
| Total expenses | $4.7m | $6.6m | $9.4m | $19.7m | $47.2m | $69.2m | $110.3m | $134.9m | $136.7m | $141.5m |