Innovative Industrial Properties (IIPR) FY2021 results: revenue $205 million, up 75.0% on the year
Innovative Industrial Properties Inc. (IIPR) reported revenue of $205 million for fiscal 2021, the year ended 31 December 2021, up 75.0% on the year before. Net income was $114 million, up 73.4%, and diluted earnings per share $4.55. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$205 million
+75.0% on the year
FY2017FY2021
Operating margin
66.2%
59.7% a year earlier
FY2017FY2021
Net income
$114 million
+73.4% on the year
FY2017FY2021
Diluted EPS
$4.55
+39.1% on the year
FY2017FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
189
111
44.9
+70.3%
Cash from investing
-384
-1,027
-341
Cash from financing
156
925
400
-83.2%
Depreciation and amortisation
41.8
28.0
8.6
+49.1%
Share-based compensation
8.6
3.3
2.5
+158.7%
Dividends paid
131
75.5
22.6
+73.5%
Diluted shares, weighted
26m
20m
11m
+34.3%
Shares outstanding at period end
26m
24m
13m
+7.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,612
1,525
548
+5.7%
Debt
326
137
135
+138.6%
Other liabilities
147
106
63.2
+38.0%
Total liabilities and equity
2,085
1,768
746
+17.9%
Investments
325
619
120
-47.5%
Loans
12.9
0.0
n/a
Cash and equivalents
81.1
126
82.2
-35.6%
Other assets
1,666
1,023
544
+62.9%
Total assets
2,085
1,768
746
+17.9%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.