Leases industrial properties to cannabis operators.
Jun 2026Revenue $264M/yrExpenses $128M/yr
Reached break-even Jan 2018
Figures by year
When did Innovative Industrial Properties become profitable?
Its revenue passed its expenses in Jan 2018. In the 12 months to Jun 2026, revenue was $264M and expenses $128M.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | $266M | $142M | $124M |
| Dec 2024 | $309M | $140M | $168M |
| Dec 2023 | $310M | $135M | $175M |
| Dec 2022 | $276M | $107M | $170M |
| Dec 2021 | $205M | $69.2M | $135M |
| Dec 2020 | $117M | $47.2M | $69.7M |
| Dec 2019 | $44.7M | $19.7M | $24.9M |
| Dec 2018 | $14.8M | $9.45M | $5.34M |
| Dec 2017 | $6.42M | $6.64M | −$223K |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.