INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) Form 10-Q — Nov 3, 2026
Innovative Industrial Properties reported Q3 2026 total revenues of $64.9 million, essentially flat year over year, with net income of $31.9 million and basic EPS of $1.01 versus $0.99 a year ago.
Key figures
- Eps
- 1.01
- Revenue
- 64920000
- Net Income
- 31895000
- Total Debt
- 711561000
- Revenue Yoy
- +0.4% Q3 YoY (total revenues $64.92M vs $64.69M); nine-month revenues declined to $197.2M from $199.3M
- Total Assets
- 2650715000
- Cash Position
- 142352000
- Shares Outstanding
- 27571349
- Tenants
- 37
- Properties
- 108
- Tilt arrears
- 8600000
- Q3 impairment
- 567000
- Diluted eps q3
- 0.99
- Buyback 9m 2026
- $89.0M for 1,468,542 shares
- Atm common 9m 2026
- $44.0M net proceeds for 859,497 shares
- Iqhq total exposure
- approx. $445M funded plus $134M unfunded mezzanine commitment
- Nine month basic eps
- 3.45
- Nine month net income
- 108556000
- Exchangeable notes coupon
- 6.00% due June 15, 2029
- May 2026 ny property sale
- $88.5M price, $16.7M gain
- Series a preferred 9m 2026
- $81.2M net proceeds for 3,646,557 shares
- Exchangeable notes principal
- 402500000
- Operating portfolio occupancy
- 90.0% leased
- Weighted avg lease term years
- 10.8
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