Innovative Industrial Properties (IIPR-PA) Free Cash Flow (2017 - 2026)

Innovative Industrial Properties has disclosed Free Cash Flow across 10 years of filings, most recently posting $56.0 million for Q1 2026.

• Free Cash Flow for Q1 2026 came in at $56.0 million, up 20.8% year-over-year; the trailing twelve-month figure through Mar 2026 was $200.0 million (down 6.81% YoY), and the FY2025 annual result was $190.3 million, down 20.62% from the prior year.
• Free Cash Flow came in at $56.0 million for Q1 2026 at Innovative Industrial Properties, up from $49.9 million in the prior quarter.
• In the past five years, Free Cash Flow ranged from a high of $71.6 million in Q1 2024 to a low of -$19.6 million in Q2 2022.
• The 5-year median for Free Cash Flow is $51.2 million (2024), against an average of $46.5 million.
• Across the five-year window, Free Cash Flow soared 414.4% in 2023 and slumped 35.19% in 2025, its largest moves.
• Innovative Industrial Properties' Free Cash Flow stood at $55.4 million in 2022, then rose by 19.38% to $66.1 million in 2023, then decreased by 21.06% to $52.2 million in 2024, then fell by 4.33% to $49.9 million in 2025, then grew by 12.27% to $56.0 million in 2026.
• The last three Free Cash Flow figures came in at $56.0 million (Q1 2026), $49.9 million (Q4 2025), and $45.6 million (Q3 2025), per Business Quant data.