INNOVATIVE INDUSTRIAL PROPERTIES INC

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenues:
Income from operations ($223k) $5.3m $24.9m $69.7m $135.4m $169.6m $174.6m $168.3m $124.1m
Rental (including tenant reimbursements) $6.4m $14.8m $44.7m $116.9m $204.6m $274.4m $307.3m $306.9m $265.5m
Other $2.0m $2.2m $1.6m $469k
Impairment loss on real estate $0 $0 $3.5m
Gain (loss) on sale of real estate $3.6m $0 ($3.4m) ($326k)
Interest and other income $151k $1.6m $4.8m $3.4m $397k $3.2m $8.4m $11.0m $14.3m
Gain (loss) on exchange of Exchangeable Senior Notes ($3.7m) ($125k) $22k $0 $0
Preferred stock dividends ($323k) ($1.4m) ($1.4m) ($1.4m) ($1.4m) ($1.4m) ($1.4m) ($1.8m) ($3.8m)
Net income ($72k) $7.0m $23.5m $65.7m $114.0m $154.4m $165.6m $161.7m $118.2m
Net income attributable to common stockholders ($395k) $5.6m $22.1m $64.4m $112.6m $153.0m $164.2m $159.9m $114.4m
Basic (in dollars per share) ($0.02) $0.98 $2.23 $3.38 $4.77 $5.65 $5.92 $5.73 $4.22
Diluted (in dollars per share) ($0.02) $0.96 $2.20 $3.36 $4.34 $5.58 $5.86 $5.67 $4.17
Property expenses $118k $445k $1.3m $5.0m $4.4m $10.5m $24.9m $28.5m $30.2m
General and administrative expense $5.5m $6.4m $9.8m $14.2m $23.0m $38.5m $42.8m $37.4m $33.7m
Depreciation and amortization expense $915k $2.6m $8.6m $28.0m $41.8m $61.3m $67.2m $70.8m $74.1m
Interest expense $0 $0 ($6.3m) ($7.4m) ($18.1m) ($18.3m) ($17.5m) ($17.7m) ($20.2m)
Total expenses $6.6m $9.4m $19.7m $47.2m $69.2m $110.3m $134.9m $136.7m $141.5m