Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

INNOVATIVE INDUSTRIAL PROPERTIES INC
Next earnings Aug 4, 2026 · consensus $1.01 EPS, $68.1M rev
Strong net margin (44.5%); but revenue fell -13.8% YoY.
Sources: SEC EDGAR (CIK 0001677576, latest 10-Q filed 2026-05-05) · EODHD · as of 6/22/2026, 1:50:35 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Middling fundamentals and a rich price (~48% above fair value) leave little margin of safety — a wait-and-see.
INNOVATIVE INDUSTRIAL PROPERTIES INC shows $266M in FY2025 revenue (-13.8% YoY), a 44.5% net margin, and 6.4% ROE.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $205M | $276M | $310M | $309M | $266M |
| Gross profit | — | — | — | — | — |
| Operating income | $135M | $170M | $175M | $168M | $124M |
| Net income | $114M | $154M | $166M | $162M | $118M |
| Diluted EPS | $4.55 | $5.52 | $5.77 | $5.52 | $3.93 |
| Net margin | 55.7% | 55.9% | 53.5% | 52.4% | 44.5% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
1483 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
| 2026-06-09 | Ives Bruce Alan Director | Award | 2.65K | |
| 2026-01-20 | Smithers Paul E. PRESIDENT, CEO AND DIRECTOR | Award | 47.6K | |
| 2026-01-20 | Smith David Jon CFO AND TREASURER | Award | 20.1K | |
| 2026-01-20 | Bui Andy VP, CHIEF ACCOUNTING OFFICER | Award | 6.52K | |
| 2026-01-02 | Shoemaker Scott Director | Exercise | 911.00 |
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.