Innovative Industrial Properties Past Earnings Performance
Past criteria checks 2/6
Innovative Industrial Properties has been growing earnings at an average annual rate of 30.3%, while the Industrial REITs industry saw earnings declining at 20.4% annually. Revenues have been growing at an average rate of 31% per year. Innovative Industrial Properties's return on equity is 8.4%, and it has net margins of 51.3%.
Key information
30.3%
Earnings growth rate
19.3%
EPS growth rate
| Industrial REITs Industry Growth | 11.2% |
| Revenue growth rate | 31.0% |
| Return on equity | 8.4% |
| Net Margin | 51.3% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Innovative Industrial Properties makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 311 | 160 | 37 | 0 |
| 30 Jun 24 | 312 | 161 | 39 | 0 |
| 31 Mar 24 | 309 | 161 | 40 | 0 |
| 31 Dec 23 | 310 | 163 | 40 | 0 |
| 30 Sep 23 | 301 | 163 | 39 | 0 |
| 30 Jun 23 | 294 | 159 | 39 | 0 |
| 31 Mar 23 | 288 | 158 | 37 | 0 |
| 31 Dec 22 | 276 | 152 | 36 | 0 |
| 30 Sep 22 | 265 | 139 | 35 | 0 |
| 30 Jun 22 | 248 | 132 | 29 | 0 |
| 31 Mar 22 | 226 | 121 | 26 | 0 |
| 31 Dec 21 | 205 | 112 | 23 | 0 |
| 30 Sep 21 | 183 | 105 | 21 | 0 |
| 30 Jun 21 | 163 | 94 | 19 | 0 |
| 31 Mar 21 | 139 | 78 | 16 | 0 |
| 31 Dec 20 | 117 | 64 | 14 | 0 |
| 30 Sep 20 | 97 | 52 | 13 | 0 |
| 30 Jun 20 | 75 | 40 | 12 | 0 |
| 31 Mar 20 | 59 | 30 | 11 | 0 |
| 31 Dec 19 | 45 | 22 | 10 | 0 |
| 30 Sep 19 | 32 | 15 | 9 | 0 |
| 30 Jun 19 | 24 | 10 | 8 | 0 |
| 31 Mar 19 | 19 | 8 | 7 | 0 |
| 31 Dec 18 | 15 | 5 | 6 | 0 |
| 30 Sep 18 | 12 | 3 | 6 | 0 |
| 30 Jun 18 | 10 | 2 | 5 | 0 |
| 31 Mar 18 | 8 | 1 | 5 | 0 |
| 31 Dec 17 | 6 | 0 | 5 | 0 |
| 30 Sep 17 | 5 | -8 | 6 | 0 |
| 31 Dec 16 | 0 | -8 | 2 | 0 |
| 31 Dec 15 | 6 | 5 | 0 | 0 |
Quality Earnings: 1IK has high quality earnings.
Growing Profit Margin: 1IK's current net profit margins (51.3%) are lower than last year (54.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 1IK's earnings have grown significantly by 30.3% per year over the past 5 years.
Accelerating Growth: 1IK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1IK had negative earnings growth (-1.9%) over the past year, making it difficult to compare to the Industrial REITs industry average (9.1%).
Return on Equity
High ROE: 1IK's Return on Equity (8.4%) is considered low.