Innovative Industrial Properties, Inc. (IIPR)

Solvency & Capital Structure

Total Debt

$366M

Net Debt

$276.9M

Innovative Industrial Properties, Inc. currently has $366M in total debt. Net debt is $276.9M after cash offsets.

Financial Fundamentals

IIPR • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-03-31	0.37	0.09	0.28	2.39	15.3%
2025-12-31	0.39	0.05	0.35	2.37	16.6%
2025-09-30	0.34	0.04	0.30	2.34	14.6%
2025-06-30	0.29	0.10	0.19	2.31	12.6%
2025-03-31	0.29	0.13	0.16	2.35	12.3%
2024-12-31	0.30	0.15	0.15	2.38	12.5%
2024-09-30	0.30	0.15	0.15	2.40	12.4%
2024-06-30	0.30	0.12	0.18	2.38	12.5%
2024-03-31	0.30	0.15	0.14	2.40	12.4%
2023-12-31	0.30	0.14	0.16	2.39	12.6%
2023-09-30	0.30	0.12	0.18	2.39	12.6%
2023-06-30	0.30	0.09	0.21	2.40	12.5%
2023-03-31	0.30	0.04	0.26	2.41	12.4%
2022-12-31	0.30	0.09	0.21	2.41	12.5%
2022-09-30	0.30	0.08	0.22	2.43	12.4%
2022-06-30	0.30	0.05	0.26	2.43	12.4%
2022-03-31	0.30	0.04	0.26	2.11	14.4%
2021-12-31	0.33	0.08	0.24	2.08	15.6%
2021-09-30	0.43	0.13	0.30	2.10	20.5%
2021-06-30	0.43	0.16	0.27	2.09	20.6%
2021-03-31	0.14	0.12	0.02	1.80	7.7%
2020-12-31	0.14	0.13	0.01	1.77	7.8%
2020-09-30	0.14	0.61	-0.47Net Cash	1.50	9.2%
2020-06-30	0.14	0.37	-0.24Net Cash	1.18	11.6%
2020-03-31	0.14	0.38	-0.24Net Cash	1.08	12.6%
2019-12-31	0.14	0.08	0.05	0.75	18.2%
2019-09-30	0.13	0.31	-0.17Net Cash	0.62	21.5%
2019-06-30	0.13	0.19	-0.05Net Cash	0.43	31.0%
2019-03-31	0.13	0.26	-0.12Net Cash	0.42	31.7%
2018-12-31	0.00	0.01	-0.01Net Cash	0.28	0.0%
2018-09-30	0.00	0.06	-0.06Net Cash	0.17	0.0%
2018-06-30	0.00	0.08	-0.08Net Cash	0.16	0.0%
2018-03-31	0.00	0.09	-0.09Net Cash	0.16	0.0%
2017-12-31	0.00	0.01	-0.01Net Cash	0.08	0.0%
2017-09-30	0.00	0.02	-0.02Net Cash	0.07	0.0%
2017-06-30	0.00	0.03	-0.03Net Cash	0.06	0.0%
2017-03-31	0.00	0.03	-0.03Net Cash	0.06	0.0%
2016-12-31	0.00	0.03	-0.03Net Cash	0.06	0.0%
2016-09-30	0.00	0.00	-0.00Net Cash	0.00	0.0%