Innovative Industrial Properties, Inc. IIPR NYSE

Innovative Industrial Properties, Inc. (IIPR) generated $49.91M in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $0.00, free cash flow was $49.91M.

Free cash flow margin was 74.9% of revenue. Cash conversion ratio was 1.57x, indicating earnings are backed by cash.

The company returned $53.78M in dividends to shareholders during the quarter.

Criteria supported by this page:

• HEALTH (50/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (55/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
• INCOME (100/100) — Cash conversion ratio was 1.57x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 57/100 with 3/7 criteria passed.