Company / Operating Income
Innovative Industrial Properties, Inc. Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$124.1M
FY2025
5-year range
$24.9M / $174.6M
FY2021-FY2025
Trend
-26.3%
vs FY2024
Sector context
#45 of 71
Real Estate
What the data says
At $124M, Innovative Industrial Properties, Inc.'s operating income ranks #45 of 71 in the Real Estate sector. Declined from $175M to $124M over the past 2 years.
Based on SEC 10-K filings.
$124M in FY2025 with a 5-year CAGR of +87.6%.
Declined from $175M to $124M over the past 2 years.
Real Estate sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- +21.2%
- 5-Year CAGR
- +87.6%
- 10-Year CAGR
- -
Sector benchmark
#45 of 71 in Real EstateTop 63% of 71This company $124.1M Sector average $492.4M
▼
-74.8% below sector average
Key checks
Key Insights
- 5-year CAGR of +87.6%, indicating consistent growth.
- In FY2025, operating income decreased 26.3% year-over-year.
- Ranks #45 out of 71 companies in the Real Estate sector.
- Peak operating income was recorded in FY2023.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $124.1M | -26.3% |
| FY2024 | $168.3M | -3.6% |
| FY2023 | $174.6M | +150.4% |
| FY2022 | $69.7M | +179.7% |
| FY2021 | $24.9M | +367.1% |
| FY2020 | $5.3M | +2493.7% |
| FY2019 | -$223.0K | +0.0% |
| FY2018 | -$223.0K | +0.0% |
| FY2017 | -$223.0K | +95.0% |
| FY2016 | -$4.4M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026