Innovative Industrial Properties Inc
NYSE:IIPR
Income Statement
Earnings Waterfall
Innovative Industrial Properties Inc
Revenue
|
308.5m
USD
|
Cost of Revenue
|
-28.5m
USD
|
Gross Profit
|
280m
USD
|
Operating Expenses
|
-107.5m
USD
|
Operating Income
|
172.6m
USD
|
Other Expenses
|
-15m
USD
|
Net Income
|
157.6m
USD
|
Income Statement
Innovative Industrial Properties Inc
Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||
Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
3
|
4
|
6
|
7
|
7
|
7
|
7
|
7
|
9
|
14
|
18
|
21
|
22
|
20
|
18
|
18
|
18
|
18
|
17
|
17
|
17
|
17
|
18
|
|
Revenue |
3
N/A
|
4
+54%
|
6
+43%
|
8
+23%
|
10
+26%
|
12
+24%
|
15
+21%
|
19
+27%
|
24
+28%
|
32
+32%
|
45
+41%
|
59
+32%
|
75
+27%
|
97
+30%
|
117
+20%
|
139
+19%
|
163
+18%
|
183
+12%
|
205
+12%
|
226
+11%
|
248
+10%
|
265
+7%
|
276
+4%
|
288
+4%
|
294
+2%
|
301
+2%
|
310
+3%
|
309
0%
|
312
+1%
|
311
0%
|
309
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||
Cost of Revenue |
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(4)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(6)
|
(8)
|
(9)
|
(11)
|
(14)
|
(17)
|
(21)
|
(25)
|
(26)
|
(27)
|
(28)
|
(28)
|
|
Gross Profit |
0
N/A
|
3
N/A
|
6
+126%
|
6
+2%
|
10
+51%
|
12
+23%
|
14
+20%
|
18
+28%
|
23
+28%
|
31
+32%
|
43
+41%
|
57
+32%
|
73
+27%
|
93
+28%
|
112
+20%
|
134
+19%
|
158
+18%
|
179
+13%
|
200
+12%
|
221
+10%
|
240
+9%
|
256
+6%
|
266
+4%
|
274
+3%
|
276
+1%
|
280
+1%
|
285
+2%
|
283
-1%
|
285
+1%
|
283
-1%
|
280
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||
Operating Expenses |
(8)
|
(9)
|
(6)
|
(7)
|
(7)
|
(8)
|
(9)
|
(10)
|
(12)
|
(15)
|
(18)
|
(24)
|
(29)
|
(36)
|
(42)
|
(48)
|
(54)
|
(59)
|
(65)
|
(73)
|
(81)
|
(92)
|
(100)
|
(104)
|
(108)
|
(109)
|
(110)
|
(110)
|
(109)
|
(109)
|
(107)
|
|
Selling, General & Administrative |
(4)
|
(5)
|
(6)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(8)
|
(9)
|
(10)
|
(11)
|
(12)
|
(13)
|
(14)
|
(16)
|
(19)
|
(21)
|
(23)
|
(26)
|
(29)
|
(35)
|
(39)
|
(40)
|
(42)
|
(42)
|
(43)
|
(42)
|
(41)
|
(39)
|
(37)
|
|
Depreciation & Amortization |
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(6)
|
(9)
|
(12)
|
(17)
|
(23)
|
(28)
|
(32)
|
(35)
|
(38)
|
(42)
|
(47)
|
(52)
|
(57)
|
(61)
|
(64)
|
(66)
|
(66)
|
(67)
|
(68)
|
(68)
|
(70)
|
(71)
|
|
Other Operating Expenses |
(4)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(5)
N/A
|
(5)
+9%
|
(0)
+98%
|
1
N/A
|
3
+153%
|
4
+45%
|
5
+29%
|
8
+52%
|
11
+35%
|
16
+48%
|
25
+54%
|
34
+36%
|
44
+30%
|
57
+31%
|
70
+21%
|
85
+22%
|
104
+22%
|
120
+15%
|
135
+13%
|
148
+9%
|
159
+8%
|
164
+3%
|
166
+1%
|
170
+2%
|
169
0%
|
171
+1%
|
175
+2%
|
173
-1%
|
176
+1%
|
174
-1%
|
173
-1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
1
|
1
|
2
|
2
|
1
|
0
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(5)
|
(8)
|
(13)
|
(18)
|
(21)
|
(21)
|
(19)
|
(15)
|
(13)
|
(11)
|
(9)
|
(9)
|
(9)
|
(8)
|
(7)
|
(7)
|
|
Non-Reccuring Items |
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(4)
|
(4)
|
(4)
|
4
|
4
|
4
|
4
|
0
|
(0)
|
(4)
|
(4)
|
(4)
|
|
Pre-Tax Income |
(5)
N/A
|
(5)
+10%
|
(0)
+98%
|
1
N/A
|
3
+133%
|
5
+44%
|
7
+42%
|
10
+38%
|
12
+19%
|
16
+41%
|
24
+45%
|
32
+35%
|
42
+31%
|
54
+31%
|
66
+21%
|
80
+21%
|
96
+20%
|
107
+11%
|
114
+7%
|
123
+8%
|
134
+9%
|
142
+6%
|
154
+9%
|
160
+4%
|
161
+1%
|
165
+2%
|
166
+0%
|
164
-1%
|
165
+0%
|
163
-1%
|
162
-1%
|
|
Net Income | ||||||||||||||||||||||||||||||||
Income from Continuing Operations |
(5)
|
(5)
|
(0)
|
1
|
3
|
5
|
7
|
10
|
12
|
16
|
24
|
32
|
42
|
54
|
66
|
80
|
96
|
107
|
114
|
123
|
134
|
142
|
154
|
160
|
161
|
165
|
166
|
164
|
165
|
163
|
162
|
|
Net Income (Common) |
(5)
N/A
|
(5)
+10%
|
(1)
+90%
|
1
N/A
|
2
+227%
|
3
+48%
|
6
+60%
|
8
+48%
|
10
+22%
|
15
+47%
|
22
+49%
|
30
+38%
|
40
+33%
|
52
+32%
|
64
+22%
|
78
+22%
|
94
+21%
|
105
+12%
|
112
+7%
|
121
+8%
|
132
+9%
|
139
+6%
|
152
+9%
|
158
+4%
|
159
+1%
|
163
+2%
|
163
0%
|
161
-1%
|
161
+0%
|
160
-1%
|
158
-1%
|
|
EPS (Diluted) |
-1.61
N/A
|
-1.44
+11%
|
-0.13
+91%
|
0.13
N/A
|
0.34
+162%
|
0.5
+47%
|
0.75
+50%
|
0.82
+9%
|
1.01
+23%
|
1.31
+30%
|
2.03
+55%
|
1.88
-7%
|
2.25
+20%
|
2.41
+7%
|
3.27
+36%
|
2.97
-9%
|
3.58
+21%
|
3.99
+11%
|
4.26
+7%
|
4.59
+8%
|
4.7
+2%
|
4.95
+5%
|
5.49
+11%
|
5.6
+2%
|
5.62
+0%
|
5.75
+2%
|
5.77
+0%
|
5.65
-2%
|
5.64
0%
|
5.58
-1%
|
5.53
-1%
|