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IIPR| 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 state-licensed operators for regulated medical-use cannabis facilities. The company generates revenue by leasing these specialized properties to experienced operators, allowing them to conduct their cannabis operations. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, aligning its business model with the ownership and management of real estate assets leased to cannabis operators.
