Innovative Industrial Properties Inc (IIPR) — Cash Flow Reinvestment Rate

Latest as of September 2025: 3.04x

Innovative Industrial Properties Inc (IIPR) has a Cash Flow Reinvestment Rate of 3.04x as of September 2025, reinvesting $138.50 Million (capex $28.83 Million plus investments $-109.66 Million) from operating cash flow of $45.59 Million. Check IIPR cash flow quality index to evaluate the quality of earnings relative to operating cash generation.

Reinvestment Rate

3.04x
(Capex + Investments) / Operating CF

Total Reinvested

$138.50 Million
Capex + Investments

Operating Cash Flow

$45.59 Million
USD

Capital Expenditures

$28.83 Million
USD

Innovative Industrial Properties Inc Cash Flow Reinvestment Rate (2015–2024)

Historical reinvestment intensity for Innovative Industrial Properties Inc across 10 annual periods. Explore IIPR strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.

Annual Cash Flow Reinvestment Rate for Innovative Industrial Properties Inc (2015–2024)

Year-by-year capital reinvestment analysis for Innovative Industrial Properties Inc. For live market cap and broader valuation context, see IIPR market cap.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2024 0.53x $137.75 Million $258.45 Million $81.75 Million ▼ -9.5%
2023 0.59x $150.55 Million $255.54 Million $150.09 Million ▼ -85.0%
2022 3.93x $920.17 Million $234.13 Million $523.97 Million ▼ -27.9%
2021 5.45x $1.03 Billion $188.75 Million $662.13 Million ▼ -61.2%
2020 14.05x $1.56 Billion $110.81 Million $529.83 Million ▼ -7.7%
2019 15.22x $683.90 Million $44.93 Million $343.92 Million ▲ +7.8%
2018 14.12x $221.55 Million $15.69 Million $22.29 Million ▲ +83.2%
2017 7.71x $38.65 Million $5.01 Million $5.91 Million ▼ -78.3%
2016 35.48x $60.06 Million $1.69 Million $30.03 Million ▼ -17.9%
2015 43.21x $125.40 Million $2.90 Million $5.91 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow