# Innovative Industrial Properties, Inc. (IIPR)

> Real Estate · US · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/IIPR/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ 69.00M | $ 32.81M | $ 53.08M | $ 365.98M | $ 1.89B |
| 2025 | $ 272.31M | $ 121.07M | $ 202.93M | $ 393.70M | $ 1.85B |
| 2024 | $ 324.28M | $ 169.92M | $ 253.59M | $ 297.87M | $ 1.94B |
| 2023 | $ 334.65M | $ 179.04M | $ 276.31M | $ 300.88M | $ 1.95B |
| 2022 | $ 308.72M | $ 172.47M | $ -11.57M | $ 301.50M | $ 1.96B |
| 2021 | $ 243.14M | $ 135.49M | $ 119.23M | $ 326.09M | $ 1.61B |
| 2020 | $ 148.92M | $ 83.74M | $ -42.51M | $ 137.75M | $ 1.52B |
| 2019 | $ 57.65M | $ 28.66M | $ -31.86M | $ 135.86M | $ 548.01M |
| 2018 | $ 19.53M | $ 7.70M | $ 20.73M | $ 0 | $ 264.29M |
| 2017 | $ 8.70M | $ -154.9K | $ -1.20M | $ 0 | $ 73.55M |
| 2016 | $ 883.3K | $ -11.81M | $ 2.33M | $ 0 | $ 60.44M |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 0.19 |
| Liabilities / Eq | 0.26 |
| Current Ratio | 0.24 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 3.98 |
| Gross Debt / FCF | 3.93 |

## Other views

- [Metrics](https://sponda.capital/en/IIPR.md)
- [Charts](https://sponda.capital/en/IIPR/charts.md)
- [Compare](https://sponda.capital/en/IIPR/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-27.