Short answer
INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) filed its Q1 2026 10-Q quarterly report on May 5, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $69M (down 3.8% year over year) with net income of $33M.
Q1 2026 key financials · XBRL
- Revenue
- $69M
- −3.8% YoY
- Net income
- $33M
- +5.6% YoY
- Operating margin
- 47.7%
- EPS (diluted)
- $1.02
- −1.0% YoY
Source: XBRL data from the INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) Q1 2026 10-Q on SEC EDGAR. USD.
INNOVATIVE INDUSTRIAL PROPERTIES INC Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Rental revenue $68.9M, down $2.8M YoY from $71.7M
- Cannabis segment net income $43.7M vs $43.0M YoY
- Life Science segment net income $5.5M vs $0 YoY, best-performing segment
- Cannabis rental revenue pressured by tenant defaults and industry conditions
- Near-term headwinds: constrained tenant capital, debt maturities, pricing declines, tariffs, and uncertain regulatory effects
Risk Factors
- No risk-factors section provided; submitted text contains Items 2–6 only
- Newly authorized $100.0 million share-repurchase plan expires March 4, 2027
- Repurchases expected funded by existing cash and Series A Preferred Stock ATM proceeds
- 9.0% Series A Preferred Stock creates ongoing preferred-dividend funding requirements
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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