Filing Flows › Innovative Industrial Properties (IIPR) › How it makes money
How Innovative Industrial Properties (IIPR) makes money
Innovative Industrial Properties (IIPR) made $64.9M of revenue in the third quarter 2026 (Q3 2026), +0.4% from a year earlier. Of every dollar of revenue, 45¢ was left as operating profit, 49¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $64.9M | 100.0% |
| Operating profit | $29.4M | 45.3% |
| Net earnings | $31.9M | 49.1% |
| Operating cash flow | $49.5M | 76.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $64.9M | +0.4% |
| Q2 2026 | $63.3M | +0.7% |
| Q1 2026 | $69.0M | -4% |
| Q4 2025 | $66.7M | -13% |
| Q3 2025 | $64.7M | -16% |
| Q2 2025 | $62.9M | -21% |
| Q1 2025 | $71.7M | -5% |
From Innovative Industrial Properties' 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Innovative Industrial Properties make money?
Innovative Industrial Properties (IIPR) made $64.9M of revenue in the third quarter 2026 (Q3 2026), +0.4% from a year earlier. Of every dollar of revenue, 45¢ was left as operating profit, 49¢ was left as net earnings.
What is Innovative Industrial Properties' profit margin?
Net earnings were $31.9M, 49.1% of revenue, in the third quarter 2026; the operating margin was 45.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.