Innovative Industrial Properties Inc

Common Name

Innovative Industrial Properties

Country

United States

Sector

Real Estate

Industry

REIT - Industrial

Employees

Ticker

IIPR

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

innovativeindustrialproperties.com

Description

Innovative Industrial Properties Inc. is a real estate investment trust (REIT) focusing on the acquisition, ownership, and management of specialized industrial properties. Its primary function is to s... Show more

Financial Statements of Innovative Industrial Properties

Below are the financial statements of Innovative Industrial Properties, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023
Real estate, at cost	—	—
Land	146.77^a	142.52^a
Buildings and improvements	2,230.81^a	2,108.22^a
Construction in progress	62.39^a	117.77^a
Total real estate, at cost	2,439.97^a	2,368.52^a
Assets	—	—
Less accumulated depreciation	-271.19^a	-202.69^a
Net real estate held for investment	2,168.78^a	2,165.82^a
Construction loan receivable	22.8^a	22^a
Cash and cash equivalents	146.25^a	140.25^a
Restricted cash	0^a	1.45^a
Investments	5^a	21.95^a
Right of use office lease asset	0.95^a	1.36^a
In-place lease intangible assets, net	7.39^a	8.25^a
Other assets, net	26.89^a	30.02^a
Total assets	2,378.05^a	2,391.09^a
Liabilities	—	—
Exchangeable senior notes, net	0^a	4.43^a
Notes due 2026, net	297.87^a	296.45^a
Building improvements and construction funding payable	10.23^a	9.59^a
Accounts payable and accrued expenses	10.56^a	11.41^a
Dividends payable	54.82^a	51.83^a
Rent received in advance and tenant security deposits	57.18^a	59.36^a
Other liabilities	11.34^a	5.06^a
Total liabilities	441.99^a	438.12^a
Stockholders’ equity	—	—
Preferred stock - 9.00% Series A cumulative redeemable preferred stock	23.63^a	14.01^a
Common stock	0.03^a	0.03^a
Additional paid-in capital	2,124.11^a	2,095.79^a
Dividends in excess of earnings	-211.71^a	-156.85^a
Total stockholders’ equity	1,936.06^a	1,952.97^a
Total liabilities and stockholders’ equity	2,378.05^a	2,391.09^a

Verified Sources Behind Innovative Industrial Properties’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Innovative Industrial Properties’s data sources below and access millions more through our Disclosure Search.

a. Innovative Industrial Properties's 10-K 2024

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Innovative Industrial Properties Inc

Financial Statements of Innovative Industrial Properties

Verified Sources Behind Innovative Industrial Properties’s Financial Fundamentals Data

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