INNOVATIVE INDUSTRIAL PROPERTIES INC
For the period ended Mar 31, 2026. Filed May 5, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 5, 2026
IIPR$55.06-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
(In thousands, except share and per share amounts)
| For the Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenues: | ||
| Rental (including tenant reimbursements) | $68,920 | $71,697 |
| Other | 76 | 25 |
| Total revenues | 68,996 | 71,722 |
| Expenses: | ||
| Property expenses | 7,576 | 7,379 |
| General and administrative expense | 10,349 | 8,461 |
| Depreciation and amortization expense | 18,584 | 18,391 |
| Impairment loss on real estate | — | 3,527 |
| Total expenses | 36,509 | 37,758 |
| Gain (loss) on sale of real estate | 422 | — |
| Income from operations | 32,909 | 33,964 |
| Interest and other income | 6,331 | 1,613 |
| Interest expense | (6,431) | (4,500) |
| Net income | 32,809 | 31,077 |
| Preferred stock dividends | (2,654) | (781) |
| Net income attributable to common stockholders | $30,155 | $30,296 |
| Net income attributable to common stockholders per share (Note 9): | ||
| Basic | $1.04 | $1.05 |
| Diluted | $1.02 | $1.03 |
| Weighted-average shares outstanding: | ||
| Basic | 27,991,910 | 28,275,549 |
| Diluted | 28,467,184 | 28,588,022 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.