Innovative Industrial Properties Inc Stock

The financial health of Innovative Industrial, symbolized as IIPR, appears stable and prosperous on the surface. A thorough investigation into the company's balance sheets, cash flow statements, income statements, financial ratios, and valuation reveals some intriguing points.

Innovative Industrial's financials display several appealing aspects that align with the signs of a well-performing company. An ever-increasing total assets year over year (from $1.76 billion in 2020 to $2.41 billion in 2022) is amongst the company's most notable strengths, denoting a positive growth pattern.

Moreover, the rise in net working capital from -$46.3 million in 2021 to -$42.95 million in 2022 is a promising sign. Although still negative, the trend is promising as it demonstrates the company's increased ability to pay off its short-term liabilities with short-term assets.