Innovative Industrial Properties (IIPR) FY2022 results: revenue $276 million, up 35.1% on the year
Innovative Industrial Properties Inc. (IIPR) reported revenue of $276 million for fiscal 2022, the year ended 31 December 2022, up 35.1% on the year before. Net income was $154 million, up 35.4%, and diluted earnings per share $5.52. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$276 million
+35.1% on the year
FY2017FY2022
Operating margin
61.4%
66.2% a year earlier
FY2017FY2022
Net income
$154 million
+35.4% on the year
FY2017FY2022
Diluted EPS
$5.52
+21.3% on the year
FY2017FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
234
189
111
+24.0%
Cash from investing
-396
-384
-1,027
Cash from financing
164
156
925
+5.4%
Depreciation and amortisation
61.3
41.8
28.0
+46.7%
Share-based compensation
17.5
8.6
3.3
+103.2%
Dividends paid
184
131
75.5
+40.5%
Diluted shares, weighted
28m
26m
20m
+5.3%
Shares outstanding at period end
28m
26m
24m
+9.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,962
1,612
1,525
+21.7%
Debt
301
326
137
-7.5%
Other liabilities
151
147
106
+3.2%
Total liabilities and equity
2,415
2,085
1,768
+15.8%
Investments
201
325
619
-38.2%
Loans
n/a
12.9
0.0
Cash and equivalents
87.1
81.1
126
+7.4%
Other assets
2,127
1,666
1,023
+27.7%
Total assets
2,415
2,085
1,768
+15.8%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.