Jun 2026 (Q2 FY26) — Aug 4, 2026
Innovative Industrial Properties, Inc. Q2 FY26 — Strategic Diversification and Balance Sheet Fortification
Read the full callInnovative Industrial Properties (IIPR) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Innovative Industrial Properties earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 63.3 | +0.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 65.5 | +19.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 43.9 | +68.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$53.2 +3.44% · +$1.77
Performance −0.7% 1Y
1Y: $53.58 on 14 Oct 2025 → $53.2. High $64.67 (16 Jul 2026), low $44.58 (20 Nov 2025).
- Previous close
- $51.43
- 52-week range
- $44.58 – $64.67
- One year
- −4.68%
Overview
- Symbol
- IIPR
- Sector
- Real Estate
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Innovative Industrial Properties earnings calls (IIPR)
Financials
What the filings say
Net profit, year on year: +69% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 77 | 77 | 72 | 63 | 65 | 67 | 69 | 63 |
| Operating profit | 42 | 42 | 34 | 29 | 29 | 32 | 33 | 41 |
| Operating margin | 54.8% | 54.7% | 47.4% | 46.0% | 45.5% | 47.8% | 47.7% | 65.5% |
| Interest | 4 | 5 | 5 | 4 | 5 | 7 | 6 | 8 |
| Net profit | 40 | 40 | 31 | 26 | 29 | 32 | 33 | 44 |
| EPS ($ per share) | 1.38 | — | 1.05 | 0.87 | 0.99 | — | 1.04 | 1.39 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 0 | — | — | — | — | — | — | — |
| Total liabilities | 17 | 198 | 243 | 473 | 453 | 438 | 442 | 523 |
| Investments | 120 | 120 | 619 | 325 | 201 | 22 | 5 | 0 |
| Total assets | 281 | 746 | 1,768 | 2,085 | 2,415 | 2,391 | 2,378 | 2,371 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 16 | 45 | 111 | 189 | 234 | 256 | 258 | 198 |
| Cash from investing | -199 | -341 | -1,027 | -384 | -396 | -7 | -56 | -174 |
| Cash from financing | 185 | 400 | 925 | 156 | 164 | -196 | -198 | -123 |
| Net cash flow | -1 | -104 | — | — | — | — | — | — |
Insider filings
20 filings between Nov 19, 2025 and Oct 8, 2026.
Open market
decisions to buy or sellPurchases
$1.28M
6 purchases by 3 insiders
Sales
$34.4K
1 sale by 1 insider
Compensation
not trading decisions- 6
- Award — granted as compensation
- 3
- Option exercise — converted options into shares
- 4
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Gold Alan D | $1.22M | — | Oct 8, 2026 |
| Shoemaker Scott | — | $34.4K | Sep 15, 2026 |
| Ives Bruce Alan | $29.9K | — | Aug 31, 2026 |
| Smith David Jon | $27.5K | — | Nov 20, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 8, 2026 | Gold Alan D EXECUTIVE CHAIRMAN | Purchase | 40,000 | $1.00M |
| Sep 15, 2026 | Shoemaker Scott Director | Sale | 611 | $34.4K |
| Aug 31, 2026 | Ives Bruce Alan Director | Purchase | 528 | $29.9K |
| Jun 19, 2026 | Smith David Jon CFO AND TREASURER | Award | 9,219 | — |
| Jun 19, 2026 | Smithers Paul E. PRESIDENT, CEO AND DIRECTOR | Award | 22,299 | — |
| Jun 9, 2026 | Ives Bruce Alan Director | Award | 2,652 | — |
| Jan 20, 2026 | Smithers Paul E. PRESIDENT, CEO AND DIRECTOR | Award | 47,643 | — |
| Jan 20, 2026 | Smith David Jon CFO AND TREASURER | Award | 20,061 | — |
| Jan 20, 2026 | Bui Andy VP, CHIEF ACCOUNTING OFFICER | Award | 6,522 | — |
| Jan 2, 2026 | Shoemaker Scott Director | Option exercise | 911 | $0 |
| Jan 2, 2026 | Smithers Paul E. PRESIDENT, CEO AND DIRECTOR | Tax withheld | 5,169 | $255.7K |
| Jan 2, 2026 | Smithers Paul E. PRESIDENT, CEO AND DIRECTOR | Option exercise | 10,653 | $0 |
| Jan 1, 2026 | Bui Andy VP, CHIEF ACCOUNTING OFFICER | Tax withheld | 1,204 | $57.0K |
| Jan 1, 2026 | Smith David Jon CFO AND TREASURER | Tax withheld | 1,634 | $77.4K |
| Jan 1, 2026 | Smith David Jon CFO AND TREASURER | Option exercise | 4,555 | $0 |
| Jan 1, 2026 | Smithers Paul E. PRESIDENT, CEO AND DIRECTOR | Tax withheld | 10,983 | $520.2K |
| Nov 24, 2025 | Gold Alan D EXECUTIVE CHAIRMAN | Purchase | 2,600 | $127.6K |
| Nov 20, 2025 | Gold Alan D EXECUTIVE CHAIRMAN | Purchase | 1,000 | $45.7K |
| Nov 20, 2025 | Smith David Jon CFO AND TREASURER | Purchase | 600 | $27.5K |
| Nov 19, 2025 | Gold Alan D EXECUTIVE CHAIRMAN | Purchase | 1,000 | $46.3K |
| Oct 15, 2025 | Kreitzer Gary A Director | Award | 1,839 | $101.7K |
| Jul 15, 2025 | Kreitzer Gary A Director | Award | 1,782 | $98.3K |
| Jun 11, 2025 | Boyle David Gerard Director | Award | 2,796 | — |
| Jun 11, 2025 | Kreitzer Gary A Director | Award | 3,495 | — |
| Apr 15, 2025 | Kreitzer Gary A Director | Award | 1,732 | $91.6K |
| Mar 3, 2025 | Stecher David Director | Sale | 7,599 | $536.1K |
| Feb 24, 2025 | Smithers Paul E. PRESIDENT, CEO AND DIRECTOR | Award | 32,457 | — |
| Feb 24, 2025 | Bui Andy VP, CHIEF ACCOUNTING OFFICER | Award | 4,785 | — |
| Jan 23, 2025 | Kreitzer Gary A Director | Award | 1,307 | $89.1K |
| Jan 1, 2025 | Bui Andy VP, CHIEF ACCOUNTING OFFICER | Tax withheld | 672 | $44.8K |
| Jan 1, 2025 | Wolfe Brian J. VP, GEN. COUNSEL AND SECRETARY | Tax withheld | 571 | $38.1K |
| Jan 1, 2025 | Smithers Paul E. PRESIDENT, CEO AND DIRECTOR | Tax withheld | 6,803 | $453.4K |
| Oct 15, 2024 | Kreitzer Gary A Director | Award | 647 | $87.9K |
| Jul 15, 2024 | Kreitzer Gary A Director | Award | 728 | $86.5K |
| Apr 15, 2024 | Kreitzer Gary A Director | Award | 783 | $76.4K |
| Jan 16, 2024 | Kreitzer Gary A Director | Award | 802 | $74.9K |
| Oct 16, 2023 | Kreitzer Gary A Director | Award | 747 | $58.1K |
| Jul 17, 2023 | Kreitzer Gary A Director | Award | 739 | $56.8K |
| Apr 17, 2023 | Kreitzer Gary A Director | Award | 772 | $55.4K |
| Jan 17, 2023 | Kreitzer Gary A Director | Award | 485 | $54.5K |
| Oct 17, 2022 | Kreitzer Gary A Director | Award | 567 | $53.5K |
| Jul 18, 2022 | Kreitzer Gary A Director | Award | 513 | $51.1K |
| Apr 18, 2022 | Kreitzer Gary A Director | Award | 297 | $50.6K |
| Jan 18, 2022 | Kreitzer Gary A Director | Award | 207 | $43.1K |
| Oct 18, 2021 | Kreitzer Gary A Director | Award | 178 | $42.8K |
| Jul 16, 2021 | Kreitzer Gary A Director | Award | 192 | $39.7K |
| Apr 16, 2021 | Kreitzer Gary A Director | Award | 204 | $37.1K |
| Jan 19, 2021 | Kreitzer Gary A Director | Award | 188 | $34.7K |
| Oct 16, 2020 | Kreitzer Gary A Director | Award | 248 | $32.4K |
| Jul 16, 2020 | Kreitzer Gary A Director | Award | 314 | $29.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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