Innovative (IIPR) earnings history
Most recent quarter
- Fiscal period
- Q2 2026
- Period end
- Jun 30, 2026
- EPS actual
- $1.36
- EPS estimate
- $1.03
- EPS surprise
- +32.68%
- Revenue surprise
- −5.63%
- Revenue
- $63.3M
- Revenue estimate
- $67.1M
- Reported
- Aug 3, 2026
Innovative Industrial Properties reported Q2 2026 results on August 3, 2026. EPS of $1.36 beat the $1.03 estimate by 32.68%, the largest beat in the table. Revenue was $63.3 million, 5.63% below the $67.1 million consensus. Compared with Q2 2025, EPS rose about 58% from $0.86, while revenue was nearly flat, up 0.6% from $62.9 million.
Earnings were steady for several years, then fell. Annual EPS was $5.52 in 2022, $5.77 in 2023 and $5.53 in 2024, before dropping about 29% to $3.92 in 2025. Yearly revenue peaked at $309.6 million in 2023 and fell about 14% from 2024 to $266.0 million in 2025. The first half of 2026 adds up to $2.38 per share, about 26% above the same period of 2025. Q2 2026 matched the $1.36 of Q4 2024 but stayed below the $1.43 to $1.45 quarters of 2023. The company beat the EPS estimate in 11 of the last 20 quarters.
Q3 results came between November 2 and November 7 in each of the past five years, which points to early November 2026 for the next report. It will show whether EPS holds near the Q2 level or returns toward the $0.97 of Q3 2025.
Earnings history
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Aug 3, 2026 | $1.03 | $1.36 | +32.68% | $63.3M | SEC |
| Q1 2026 | May 4, 2026 | $1.07 | $1.02 | −4.97% | $69.0M | SEC |
| Q4 2025 | Feb 23, 2026 | $1.05 | $1.06 | +1.27% | $66.7M | SEC |
| Q3 2025 | Nov 4, 2025 | $0.90 | $0.97 | +7.38% | $64.7M | SEC |
| Q2 2025 | Aug 7, 2025 | $0.91 | $0.86 | −5.84% | $62.9M | SEC |
| Q1 2025 | May 7, 2025 | $1.15 | $1.03 | −10.04% | $71.7M | SEC |
| Q4 2024 | Feb 20, 2025 | $1.36 | $1.36 | +0.00% | $76.7M | SEC |
| Q3 2024 | Nov 7, 2024 | $1.45 | $1.37 | −5.30% | $76.5M | SEC |
| Q2 2024 | Aug 6, 2024 | $1.46 | $1.44 | −1.37% | $79.8M | SEC |
| Q1 2024 | May 9, 2024 | $1.43 | $1.36 | −5.06% | $75.5M | SEC |
| Q4 2023 | Feb 27, 2024 | $1.41 | $1.45 | +3.02% | $79.2M | SEC |
| Q3 2023 | Nov 2, 2023 | $1.42 | $1.45 | +2.29% | $77.8M | SEC |
| Q2 2023 | Aug 3, 2023 | $1.34 | $1.44 | +7.20% | $76.5M | SEC |
| Q1 2023 | May 9, 2023 | $1.31 | $1.43 | +9.37% | $76.1M | SEC |
| Q4 2022 | Feb 28, 2023 | $1.24 | $1.46 | +17.74% | $70.5M | SEC |
| Q3 2022 | Nov 3, 2022 | $1.30 | $1.32 | +1.23% | $70.9M | — |
| Q2 2022 | Aug 4, 2022 | $1.36 | $1.42 | +4.11% | $70.5M | — |
| Q1 2022 | May 5, 2022 | $1.36 | $1.32 | −2.80% | $64.5M | — |
| Q4 2021 | Feb 24, 2022 | $1.25 | $1.14 | −8.43% | $58.9M | — |
| Q3 2021 | Nov 4, 2021 | $1.16 | $1.20 | +3.27% | $53.9M | — |
Quarterly revenue
Frequently asked questions
When did Innovative (IIPR) last report earnings?
Innovative last reported on Aug 3, 2026, covering fiscal Q2 2026.
Did IIPR beat earnings estimates?
Yes. Innovative reported EPS of $1.36 for Q2 2026 against a $1.03 estimate — a 32.68% beat.
How much revenue did IIPR report last quarter?
Innovative reported $63.3M in revenue for Q2 2026, against a consensus estimate of $67.1M.
Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.
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