# Innovative (IIPR) — Earnings

IIPR · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/iipr/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| 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 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1677576/000167757626000004/iipr-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/5e1606c4-51c7-d32e-5531-d66f63a50644.html) |

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

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 3, 2026 | $1.03 | $1.36 | 32.68% | $67.1M | $63.3M |
| Q1 2026 | May 4, 2026 | $1.07 | $1.02 | -4.97% | $65.7M | $69.0M |
| Q4 2025 | Feb 23, 2026 | $1.05 | $1.06 | 1.27% | $65.8M | $66.7M |
| Q3 2025 | Nov 4, 2025 | $0.90 | $0.97 | 7.38% | $63.7M | $64.7M |
| Q2 2025 | Aug 7, 2025 | $0.91 | $0.86 | -5.84% | $64.4M | $62.9M |
| Q1 2025 | May 7, 2025 | $1.15 | $1.03 | -10.04% | $71.7M | $71.7M |
| Q4 2024 | Feb 20, 2025 | $1.36 | $1.36 | 0.00% | $76.3M | $76.7M |
| Q3 2024 | Nov 7, 2024 | $1.45 | $1.37 | -5.30% | $77.3M | $76.5M |
| Q2 2024 | Aug 6, 2024 | $1.46 | $1.44 | -1.37% | $77.2M | $79.8M |
| Q1 2024 | May 9, 2024 | $1.43 | $1.36 | -5.06% | $78.3M | $75.5M |
| Q4 2023 | Feb 27, 2024 | $1.41 | $1.45 | 3.02% | $76.6M | $79.2M |
| Q3 2023 | Nov 2, 2023 | $1.42 | $1.45 | 2.29% | $76.4M | $77.8M |
| Q2 2023 | Aug 3, 2023 | $1.34 | $1.44 | 7.20% | $73.7M | $76.5M |
| Q1 2023 | May 9, 2023 | $1.31 | $1.43 | 9.37% | $70.6M | $76.1M |
| Q4 2022 | Feb 28, 2023 | $1.24 | $1.46 | 17.74% | $68.3M | $70.5M |
| Q3 2022 | Nov 3, 2022 | $1.30 | $1.32 | 1.23% | $68.2M | $70.9M |
| Q2 2022 | Aug 4, 2022 | $1.36 | $1.42 | 4.11% | $68.5M | $70.5M |
| Q1 2022 | May 5, 2022 | $1.36 | $1.32 | -2.80% | $62.7M | $64.5M |
| Q4 2021 | Feb 24, 2022 | $1.25 | $1.14 | -8.43% | $57.5M | $58.9M |
| Q3 2021 | Nov 4, 2021 | $1.16 | $1.20 | 3.27% | $52.3M | $53.9M |

## 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.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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