About Innovative Industrial Properties, Inc.
https://www.innovativeindustrialproperti...Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities.

CEO
Paul E. Smithers
Compensation Summary
(Year 2022)
ETFs Holding This Stock
Summary
Showing Top 3 of 188
Ratings Snapshot
Rating : A+
Most Recent Analyst Grades

Roth MKM
Buy

Citizens Capital Markets
Market Perform

Wolfe Research
Peer Perform

Piper Sandler
Underweight

Compass Point
Sell
Grade Summary
Showing Top 5 of 5
Price Target
Institutional Ownership

BLACKROCK INC.
Shares:5.01M
Value:$250.96M

BLACKROCK, INC.
Shares:4.65M
Value:$233.2M

VANGUARD GROUP INC
Shares:4.27M
Value:$213.84M
Summary
Showing Top 3 of 395
About Innovative Industrial Properties, Inc.
https://www.innovativeindustrialproperti...Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $64.69M ▲ | $27.32M ▲ | $29.3M ▲ | 45.3% ▲ | $1.01 ▲ | $52.47M ▲ |
| Q2-2025 | $62.89M ▼ | $27.13M ▼ | $26.02M ▼ | 41.38% ▼ | $0.87 ▼ | $48.97M ▼ |
| Q1-2025 | $71.72M ▼ | $30.38M ▲ | $31.08M ▼ | 43.33% ▼ | $1.05 ▼ | $53.97M ▼ |
| Q4-2024 | $76.74M ▲ | $27.13M ▼ | $40.02M ▼ | 52.15% ▼ | $1.38 | $61.38M ▼ |
| Q3-2024 | $76.53M | $27.27M | $40.22M | 52.55% | $1.38 | $62.59M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $36.67M ▼ | $2.34B ▲ | $474.57M ▲ | $1.86B ▼ |
| Q2-2025 | $99.67M ▼ | $2.31B ▼ | $424.65M ▼ | $1.88B ▼ |
| Q1-2025 | $128.01M ▼ | $2.35B ▼ | $430.42M ▼ | $1.92B ▼ |
| Q4-2024 | $146.25M ▼ | $2.38B ▼ | $441.99M ▼ | $1.94B ▼ |
| Q3-2024 | $147.13M | $2.4B | $448.79M | $1.95B |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $29.3M ▲ | $45.59M ▼ | $-109.66M ▼ | $1.08M ▲ | $-62.99M ▼ | $45.59M ▼ |
| Q2-2025 | $26.02M ▼ | $48.45M ▼ | $-5.76M ▲ | $-71.04M ▼ | $-28.34M ▼ | $48.45M ▼ |
| Q1-2025 | $31.08M ▼ | $54.24M ▼ | $-17.16M ▼ | $-55.32M ▲ | $-18.23M ▼ | $54.24M ▲ |
| Q4-2024 | $39.45M ▼ | $58.07M ▼ | $-3.56M ▼ | $-55.38M ▼ | $-883K ▼ | $40.63M ▼ |
| Q3-2024 | $40.22M | $64.87M | $6.4M | $-44.98M | $26.29M | $64.87M |

CEO
Paul E. Smithers
Compensation Summary
(Year 2022)
ETFs Holding This Stock
Summary
Showing Top 3 of 188
Ratings Snapshot
Rating : A+
Most Recent Analyst Grades

Roth MKM
Buy

Citizens Capital Markets
Market Perform

Wolfe Research
Peer Perform

Piper Sandler
Underweight

Compass Point
Sell
Grade Summary
Showing Top 5 of 5
Price Target
Institutional Ownership

BLACKROCK INC.
Shares:5.01M
Value:$250.96M

BLACKROCK, INC.
Shares:4.65M
Value:$233.2M

VANGUARD GROUP INC
Shares:4.27M
Value:$213.84M
Summary
Showing Top 3 of 395




