Innovative Industrial Properties, Inc. (IIPR)

IIPR Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Property, Plant & Equipment	2,164	2,170	2,167	2,068	1,641	1,021
Cash & Equivalents	128.01	146.25	140.25	87.12	81.1	126.01
Investment In Debt and Equity Securities	5.26	5	21.95	200.94	324.89	619.28
Other Intangible Assets	7.17	7.39	8.25	9.11	9.15	-
Loans Receivable Current	39.6	39.6	42	38.12	12.92	-
Restricted Cash	-	-	1.45	1.45	5.32	-
Other Long-Term Assets	9.04	10.09	10.02	10.08	10	1.78
Total Assets	2,353	2,378	2,391	2,415	2,085	1,768
Current Portion of Long-Term Debt	-	-	4.43	-	-	-
Current Portion of Leases	0.4	0.53	-	-	-	-
Long-Term Debt	289.5	297.87	296.45	301.5	326.09	136.69
Long-Term Leases	0.54	0.52	-	-	-	1.06
Accounts Payable	6.42	8.46	9.26	8.45	5.25	3.04
Accrued Expenses	6	2.1	2.15	2.17	2.47	1.6
Other Current Liabilities	55.24	54.82	51.83	50.84	38.85	30.07
Long-Term Unearned Revenue	53.4	57.18	59.36	58.72	52.81	34.15
Other Long-Term Liabilities	18.93	20.52	14.65	31.28	47.44	36.5
Total Liabilities	430.42	441.99	438.12	452.94	472.9	243.11
Preferred Stock, Redeemable	32.82	23.63	14.01	14.01	14.01	14.01
Common Stock	0.03	0.03	0.03	0.03	0.03	0.02
Additional Paid-In Capital	2,125	2,124	2,096	2,065	1,673	1,559
Distributions in Excess of Earnings	-235.79	-211.71	-156.85	-117.39	-75.22	-48.12
Total Common Equity	1,889	1,912	1,939	1,948	1,598	1,511
Shareholders' Equity	1,922	1,936	1,953	1,962	1,612	1,525
Total Liabilities & Equity	2,353	2,378	2,391	2,415	2,085	1,768
Total Debt	290.43	298.91	300.88	301.5	326.09	137.75
Net Cash / Debt	-162.42	-152.67	-160.63	-214.37	-245	-11.74
Net Cash Per Share	-5.69	-5.35	-5.68	-7.75	-9.33	-0.60
Filing Date Shares Outstanding	28.01	28.33	28.21	28	25.62	23.93
Total Common Shares Outstanding	28.38	28.33	28.14	27.97	25.61	23.94
Book Value Per Share	66.58	67.50	68.90	69.63	62.38	63.12
Tangible Book Value	1,882	1,905	1,931	1,939	1,589	1,511
Tangible Book Value Per Share	66.32	67.24	68.61	69.31	62.02	63.12
Land	147.39	146.77	142.52	139.95	122.39	75.66
Buildings	2,244	2,231	2,108	2,011	979.42	644.93
Construction In Progress	60.49	62.39	117.77	54.11	-	-

Updated Feb 21, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q