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.
| All figures in thousands of USD | 2024 2024-01-01 - 2024-12-31 | 2023 2023-01-01 - 2023-12-31 | 2022 2022-01-01 - 2022-12-31 |
|---|---|---|---|
| Revenues | — | — | — |
| Rental (including tenant reimbursements) | 306.94a | 307.35a | 274.38a |
| Other | 1.58a | 2.16a | 1.98a |
| Total revenues | 308.52a | 309.51a | 276.36a |
| Expenses | — | — | — |
| Property expenses | -28.47a | -24.89a | -10.52a |
| General and administrative expense | -37.44a | -42.83a | -38.52a |
| Depreciation and amortization expense | -70.81a | -67.19a | -61.3a |
| Total expenses | -136.72a | -134.92a | -110.34a |
| Gain (loss) on sale of real estate | -3.45a | 0a | 3.6a |
| Income from operations | 168.35a | 174.59a | 169.62a |
| Interest income | 10.99a | 8.45a | 3.2a |
| Interest expense | -17.67a | -17.47a | -18.3a |
| Gain (loss) on exchange of Exchangeable Senior Notes | 0a | 22a | -125a |
| Net income | 161.66a | 165.59a | 154.39a |
| Preferred stock dividends | -1.8a | -1.35a | -1.35a |
| Net income attributable to common stockholders | 159.86a | 164.24a | 153.03a |
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