Innovative Industrial Properties, Inc. Operating Income History
IIPR / Real Estate|10 years of SEC 10-K data (FY2016-FY2025)
$124M in FY2025 with a 5-year CAGR of +12.2%.
Declined from $175M to $124M over the past 2 years.
At $124M, Innovative Industrial Properties, Inc.'s operating income ranks #45 of 70 in the Real Estate sector. Declined from $175M to $124M over the past 2 years.
Based on SEC 10-K filings.
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
- 3-Year CAGR
- -9.9%
- 5-Year CAGR
- +12.2%
- 10-Year CAGR
- -
Operating Income Trend
#45 of 70 in Real EstateTop 64% of 70This company $124.1M Sector average $592.0M
▼
-79.0% below sector average
Key Insights
- 5-year CAGR of +12.2%, indicating consistent growth.
- In FY2025, operating income decreased 26.3% year-over-year.
- Ranks #45 out of 70 companies in the Real Estate sector.
- Peak operating income was recorded in FY2023.
Annual Data
| Year | Operating Income | YoY Growth |
|---|---|---|
| FY2025 | $124.1M | -26.3% |
| FY2024 | $168.3M | -3.6% |
| FY2023 | $174.6M | +2.9% |
| FY2022 | $169.6M | +25.3% |
| FY2021 | $135.4M | +94.1% |
| FY2020 | $69.7M | +179.7% |
| FY2019 | $24.9M | +367.1% |
| FY2018 | $5.3M | +2493.7% |
| FY2017 | -$223.0K | +95.0% |
| FY2016 | -$4.4M | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026