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IIPR Quote, Financials, Valuation and Earnings

Last price:
$63.37
Seasonality move :
17.24%
Day range:
$63.50 - $65.75
52-week range:
$62.45 - $138.35
Dividend yield:
11.77%
P/E ratio:
11.55x
P/S ratio:
5.90x
P/B ratio:
0.95x
Volume:
529.1K
Avg. volume:
332.5K
1-year change:
-34.56%
Market cap:
$1.8B
Revenue:
$308.5M
EPS (TTM):
$5.53
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Revenue $116.9M $204.6M $276.4M $309.5M $308.5M
Revenue Growth (YoY) 161.71% 74.99% 35.11% 11.99% -0.32%
 
Cost of Revenues $5M $4.4M $10.5M $24.9M $28.5M
Gross Profit $111.9M $200.1M $265.8M $284.6M $280M
Gross Profit Margin 95.76% 97.83% 96.19% 91.96% 90.77%
 
R&D Expenses -- -- -- -- --
Selling, General & Admin $14.2M $23M $38.5M $42.8M $37.4M
Other Inc / (Exp) -- -$3.7M $3.5M $22K -$3.4M
Operating Expenses $42.2M $64.7M $99.8M $110M $108.3M
Operating Income $69.7M $135.4M $166M $174.6M $171.8M
 
Net Interest Expenses $4M $17.7M $15.1M $9M $6.7M
EBT. Incl. Unusual Items $65.7M $114M $154.4M $165.6M $161.7M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company $65.7M $114M $154.4M $165.6M $161.7M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $65.7M $114M $154.4M $165.6M $161.7M
 
Basic EPS (Cont. Ops) $3.28 $4.69 $5.57 $5.82 $5.58
Diluted EPS (Cont. Ops) $3.27 $4.55 $5.52 $5.77 $5.52
Weighted Average Basic Share $19.4M $23.9M $27.3M $28M $28.2M
Weighted Average Diluted Share $19.6M $26.3M $27.7M $28.3M $28.5M
 
EBITDA $100.2M $172.1M $232.6M $248.9M $248.7M
EBIT $72.2M $130.4M $171.3M $181.7M $177.9M
 
Revenue (Reported) $116.9M $204.6M $276.4M $309.5M $308.5M
Operating Income (Reported) $69.7M $135.4M $166M $174.6M $171.8M
Operating Income (Adjusted) $72.2M $130.4M $171.3M $181.7M $177.9M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Revenue $37.1M $58.9M $70.5M $79.2M $76.7M
Revenue Growth (YoY) 109.9% 58.91% 19.54% 12.34% -3.05%
 
Cost of Revenues $1M $1.8M $3.3M $7.2M $7.6M
Gross Profit $36.1M $57.1M $67.2M $72M $69.1M
Gross Profit Margin 97.25% 96.9% 95.33% 90.91% 90.09%
 
R&D Expenses -- -- -- -- --
Selling, General & Admin $4.5M $6.5M $10.2M $10.9M $8.9M
Other Inc / (Exp) -- -- $3.6M -- --
Operating Expenses $13.2M $18.7M $26.5M $28M $27.1M
Operating Income $22.9M $38.5M $40.6M $44M $42M
 
Net Interest Expenses $1.5M $6.1M $2.7M $2.3M $2M
EBT. Incl. Unusual Items $21.3M $28.6M $41.5M $41.6M $40M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company $21.3M $28.6M $41.5M $41.6M $40M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $21.3M $28.6M $41.5M $41.6M $40M
 
Basic EPS (Cont. Ops) $0.91 $1.18 $1.47 $1.46 $1.38
Diluted EPS (Cont. Ops) $0.91 $1.14 $1.46 $1.45 $1.36
Weighted Average Basic Share $22.8M $23.9M $27.9M $28M $28.3M
Weighted Average Diluted Share $22.9M $26.3M $28.2M $28.3M $28.5M
 
EBITDA $31M $45.3M $61M $61.5M $61.4M
EBIT $22.3M $33.1M $44.7M $44.4M $43.1M
 
Revenue (Reported) $37.1M $58.9M $70.5M $79.2M $76.7M
Operating Income (Reported) $22.9M $38.5M $40.6M $44M $42M
Operating Income (Adjusted) $22.3M $33.1M $44.7M $44.4M $43.1M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Revenue $116.9M $204.6M $276.4M $309.5M $308.5M
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues $5M $4.4M $10.5M $24.9M $28.5M
Gross Profit $111.9M $200.1M $265.8M $284.6M $280M
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- --
Selling, General & Admin $14.2M $23M $38.5M $42.8M $37.4M
Other Inc / (Exp) -- -- $3.5M $22K -$3.4M
Operating Expenses $42.2M $64.7M $99.8M $110M $108.3M
Operating Income $69.7M $135.4M $166M $174.6M $171.8M
 
Net Interest Expenses $4M $17.7M $15.1M $9M $6.7M
EBT. Incl. Unusual Items $65.7M $114M $154.4M $165.6M $161.7M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company $65.7M $114M $154.4M $165.6M $161.7M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $65.7M $114M $154.4M $165.6M $161.7M
 
Basic EPS (Cont. Ops) $3.23 $4.70 $5.57 $5.82 $5.58
Diluted EPS (Cont. Ops) $3.22 $4.56 $5.52 $5.77 $5.53
Weighted Average Basic Share
Weighted Average Diluted Share
 
EBITDA $100.2M $172.1M $232.6M $248.9M $248.7M
EBIT $72.2M $130.4M $171.3M $181.7M $177.9M
 
Revenue (Reported) $116.9M $204.6M $276.4M $309.5M $308.5M
Operating Income (Reported) $69.7M $135.4M $166M $174.6M $171.8M
Operating Income (Adjusted) $72.2M $130.4M $171.3M $181.7M $177.9M
Period Ending 2021-12-31 2022-12-31 2023-12-31 2024-12-31 2025-12-31
Revenue $204.6M $276.4M $309.5M $308.5M --
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues $4.4M $10.5M $24.9M $28.5M --
Gross Profit $200.1M $265.8M $284.6M $280M --
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- -- -- --
Selling, General & Admin $23M $38.5M $42.8M $37.4M --
Other Inc / (Exp) -- $3.5M $22K -$3.4M --
Operating Expenses $64.7M $99.8M $110M $108.3M --
Operating Income $135.4M $166M $174.6M $171.8M --
 
Net Interest Expenses $17.7M $15.1M $9M $6.7M --
EBT. Incl. Unusual Items $114M $154.4M $165.6M $161.7M --
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company $114M $154.4M $165.6M $161.7M --
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items $114M $154.4M $165.6M $161.7M --
 
Basic EPS (Cont. Ops) $4.70 $5.57 $5.82 $5.58 --
Diluted EPS (Cont. Ops) $4.56 $5.52 $5.77 $5.53 --
Weighted Average Basic Share $95.6M $109.4M $111.9M $112.9M --
Weighted Average Diluted Share $104.9M $110.7M $113M $114.1M --
 
EBITDA $172.1M $232.6M $248.9M $248.7M --
EBIT $130.4M $171.3M $181.7M $177.9M --
 
Revenue (Reported) $204.6M $276.4M $309.5M $308.5M --
Operating Income (Reported) $135.4M $166M $174.6M $171.8M --
Operating Income (Adjusted) $130.4M $171.3M $181.7M $177.9M --
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Cash and Equivalents $126M $81.1M $87.1M $140.2M $146.2M
Short Term Investments -- -- -- -- --
Accounts Receivable, Net -- -- -- -- --
Inventory -- -- -- -- --
Prepaid Expenses -- -- -- -- --
Other Current Assets -- -- -- -- --
Total Current Assets $126M $99.3M $106.6M $163.7M $169M
 
Property Plant And Equipment $980K $1.1M $1.7M $1.4M $946K
Long-Term Investments $619.3M $324.9M $200.9M $21.9M $5M
Goodwill -- -- -- -- --
Other Intangibles -- $9.1M $9.1M $8.2M $7.4M
Other Long-Term Assets $1.8M $10M $30.2M $30M $26.9M
Total Assets $1.8B $2.1B $2.4B $2.4B $2.4B
 
Accounts Payable $41.1M $54M $40M $21M $20.8M
Accrued Expenses -- -- -- -- --
Current Portion Of Long-Term Debt -- -- -- -- --
Current Portion Of Capital Lease Obligations -- -- -- -- --
Other Current Liabilities -- -- -- -- --
Total Current Liabilities $105.4M $145.6M $149.5M $132.2M $132.8M
 
Long-Term Debt $136.7M $326.1M $301.5M $300.9M $297.9M
Capital Leases -- -- -- -- --
Total Liabilities $243.1M $472.9M $452.9M $438.1M $442M
 
Common Stock $14M $14M $14M $14M $23.7M
Other Common Equity Adj -- -- -- -- --
Common Equity $1.5B $1.6B $1.9B $1.9B $1.9B
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $1.5B $1.6B $2B $2B $1.9B
 
Total Liabilities and Equity $1.8B $2.1B $2.4B $2.4B $2.4B
Cash and Short Terms $126M $81.1M $87.1M $140.2M $146.2M
Total Debt $136.7M $326.1M $301.5M $300.9M $297.9M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Cash and Equivalents $126M $81.1M $87.1M $140.2M $146.2M
Short Term Investments -- -- -- -- --
Accounts Receivable, Net -- -- -- -- --
Inventory -- -- -- -- --
Prepaid Expenses -- -- -- -- --
Other Current Assets -- -- -- -- --
Total Current Assets $126M $99.3M $106.6M $163.7M $169M
 
Property Plant And Equipment $980K $1.1M $1.7M $1.4M $946K
Long-Term Investments $619.3M $324.9M $200.9M $21.9M $5M
Goodwill -- -- -- -- --
Other Intangibles -- $9.1M $9.1M $8.2M $7.4M
Other Long-Term Assets $1.8M $10M $30.2M $30M $26.9M
Total Assets $1.8B $2.1B $2.4B $2.4B $2.4B
 
Accounts Payable $41.1M $54M $40M $21M $20.8M
Accrued Expenses -- -- -- -- --
Current Portion Of Long-Term Debt -- -- -- -- --
Current Portion Of Capital Lease Obligations -- -- -- -- --
Other Current Liabilities -- -- -- -- --
Total Current Liabilities $105.4M $145.6M $149.5M $132.2M $132.8M
 
Long-Term Debt $136.7M $326.1M $301.5M $300.9M $297.9M
Capital Leases -- -- -- -- --
Total Liabilities $243.1M $472.9M $452.9M $438.1M $442M
 
Common Stock $14M $14M $14M $14M $23.7M
Other Common Equity Adj -- -- -- -- --
Common Equity -- -- -- -- --
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $1.5B $1.6B $2B $2B $1.9B
 
Total Liabilities and Equity $1.8B $2.1B $2.4B $2.4B $2.4B
Cash and Short Terms $126M $81.1M $87.1M $140.2M $146.2M
Total Debt $136.7M $326.1M $301.5M $300.9M $297.9M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Net Income to Stockholders $65.7M $114M $154.4M $165.6M $161.7M
Depreciation & Amoritzation $28M $41.8M $61.3M $67.2M $70.8M
Stock-Based Compensation $3.3M $8.6M $17.5M $19.6M $17.3M
Change in Accounts Receivable -- -- -- -- --
Change in Inventories -- -- -- -- --
Cash From Operations $110.8M $188.7M $234.1M $255.5M $258.4M
 
Capital Expenditures -- -- -- -- --
Cash Acquisitions -- -- -- -- --
Cash From Investing -$1B -$384.1M -$396.2M -$6.8M -$56M
 
Dividends Paid (Ex Special Dividend) -$76.8M -$132.3M -$185.3M -$204.1M -$213.5M
Special Dividend Paid
Long-Term Debt Issued -- $300M -- -- --
Long-Term Debt Repaid -- -- -- -- -$4.4M
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -$2.2M -$11.9M -$2.4M -$1.1M -$1.3M
Cash From Financing $925M $155.8M $164.2M -$195.6M -$197.9M
 
Beginning Cash (CF) $117.3M $126M $86.4M $88.6M $141.7M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $8.7M -$39.6M $2.2M $53.1M $4.5M
Ending Cash (CF) $126M $86.4M $88.6M $141.7M $146.2M
 
Levered Free Cash Flow $110.8M $188.7M $234.1M $255.5M $258.4M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Net Income to Stockholders $21.3M $28.6M $41.5M $41.6M $40M
Depreciation & Amoritzation $8.7M $12.2M $16.3M $17.1M $18.2M
Stock-Based Compensation $842K $2.2M $4.3M $4.9M $4.3M
Change in Accounts Receivable -- -- -- -- --
Change in Inventories -- -- -- -- --
Cash From Operations $34.2M $47.8M $55.4M $66.1M $57.8M
 
Capital Expenditures -- -- -- -- --
Cash Acquisitions -- -- -- -- --
Cash From Investing -$305.8M -$50.6M $5.5M -$789K -$3.6M
 
Dividends Paid (Ex Special Dividend) -$26.3M -$36.3M -$50.8M -$51.1M -$54.8M
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -$1.7M -- -$561K -$306K
Cash From Financing $236.5M -$38M -$50.8M -$42.1M -$55.1M
 
Beginning Cash (CF) $161.1M $127.3M $78.5M $118.5M $147.1M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$35.1M -$40.9M $10M $23.2M -$883K
Ending Cash (CF) $126M $86.4M $88.6M $141.7M $146.2M
 
Levered Free Cash Flow $34.2M $47.8M $55.4M $66.1M $57.8M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Net Income to Stockholders $65.7M $114M $154.4M $165.6M $161.7M
Depreciation & Amoritzation $28M $41.8M $61.3M $67.2M $70.8M
Stock-Based Compensation $3.3M $8.6M $17.5M $19.6M $17.3M
Change in Accounts Receivable -- -- -- -- --
Change in Inventories -- -- -- -- --
Cash From Operations $110.8M $188.7M $234.1M $255.5M $258.4M
 
Capital Expenditures -- -- -- -- --
Cash Acquisitions -- -- -- -- --
Cash From Investing -$1B -$384.1M -$396.2M -$6.8M -$56M
 
Dividends Paid (Ex Special Dividend) -$76.8M -$132.3M -$185.3M -$204.1M -$213.5M
Special Dividend Paid
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- -$4.4M
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -$2.2M -$11.9M -$2.4M -$1.1M -$1.3M
Cash From Financing $925M $155.8M $164.2M -$195.6M -$197.9M
 
Beginning Cash (CF) -- -- -- -- --
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $8.7M -$39.6M $2.2M $53.1M $4.5M
Ending Cash (CF) -- -- -- -- --
 
Levered Free Cash Flow $110.8M $188.7M $234.1M $255.5M $258.4M
Period Ending 2021-12-31 2022-12-31 2023-12-31 2024-12-31 2025-12-31
Net Income to Stockholders $114M $154.4M $165.6M $161.7M --
Depreciation & Amoritzation $41.8M $61.3M $67.2M $70.8M --
Stock-Based Compensation $8.6M $17.5M $19.6M $17.3M --
Change in Accounts Receivable -- -- -- -- --
Change in Inventories -- -- -- -- --
Cash From Operations $188.7M $234.1M $255.5M $258.4M --
 
Capital Expenditures -- -- -- -- --
Cash Acquisitions -- -- -- -- --
Cash From Investing -$384.1M -$396.2M -$6.8M -$56M --
 
Dividends Paid (Ex Special Dividend) -$132.3M -$185.3M -$204.1M -$213.5M --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued $300M -- -- -- --
Long-Term Debt Repaid -- -- -- -$4.4M --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -$11.9M -$2.4M -$1.1M -$1.3M --
Cash From Financing $155.8M $164.2M -$195.6M -$197.9M --
 
Beginning Cash (CF) $531.8M $255.9M $340.2M $563.2M --
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$39.6M $2.2M $53.1M $4.5M --
Ending Cash (CF) $492.2M $258.1M $393.3M $567.7M --
 
Levered Free Cash Flow $188.7M $234.1M $255.5M $258.4M --

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