undamentalytics Newsletter
Sign in

Innovative Industrial Properties Inc balance sheet

At the end of fiscal 2025, Innovative Industrial Properties Inc had total assets of $2.37bn, total liabilities of $523m and shareholders' equity of $1.85bn. It held $47.6m in cash against $394m of debt: net debt of $346m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents121382126818714014648205
Total assets802817461,7682,0852,4152,3912,3782,3712,582
Long-term debt——135—————394—
Total debt001350294295296298394125
Total liabilities617198243473453438442523730
Shareholders' equity742645481,5251,6121,9621,9531,9361,8481,852
Net debt (negative = net cash)−12−1352−126213208156152346−79
Shares outstanding4m—13m24m26m28m28m28m28m28m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

Compare with peers

Head to head: EPR vs IIPRFPI vs IIPRIIPR vs OUT

More: Other Specialized REITs stocks compared, Real Estate sector, rankings of US companies

Figures from Innovative Industrial Properties Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Innovative Industrial Properties Inc.