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IIPR-PA| Name | Value |
|---|---|
| Revenues | 79.8M |
| Cost of Revenue | 24.3M |
| Gross Profit | 55.5M |
| Operating Expense | 27.1M |
| Operating I/L | 45.8M |
| Other Income/Expense | -3.8M |
| Interest Income | 4.0M |
| Pretax | 42.0M |
| Income Tax Expense | 0.6M |
| Net Income/Loss | 42.0M |
Innovative Industrial Properties, Inc. is a Maryland corporation specializing in acquiring, owning, and managing properties leased to licensed operators for medical-use cannabis facilities. The company generates revenue by leasing these specialized properties to experienced, state-licensed operators, providing them with the necessary infrastructure for their regulated cannabis operations. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, aligning its business model with the real estate sector while capitalizing on the growing demand for regulated cannabis facilities.
