Innovative Industrial Properties Inc (IIPR) — Financial Flexibility Index

Latest as of September 2025: 0.16x

Innovative Industrial Properties Inc (IIPR) has a Financial Flexibility Index of 0.16x as of September 2025. Free cash flow of $74.42 Million (operating CF $45.59 Million minus capex $28.83 Million) represents 0% of total liabilities ($474.57 Million). Check cash flow reinvestment rate of Innovative Industrial Properties Inc to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.16x
Free Cash Flow / Total Liabilities

Free Cash Flow

$74.42 Million
Operating CF − Capex

Total Liabilities

$474.57 Million
USD

Capital Expenditures

$28.83 Million
USD

Innovative Industrial Properties Inc Financial Flexibility Index (2016–2024)

Historical Financial Flexibility Index trend for Innovative Industrial Properties Inc across 9 annual periods. For the full cash flow conversion analysis, see Innovative Industrial Properties Inc cash conversion from operations.

Annual Financial Flexibility Index for Innovative Industrial Properties Inc (2016–2024)

Year-by-year free cash flow to debt coverage for Innovative Industrial Properties Inc. Explore debt repayment capacity of Innovative Industrial Properties Inc to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (USD) Operating CF Total Liabilities YoY Change
2024 0.77x $340.20 Million $258.45 Million $441.99 Million ▼ -16.9%
2023 0.93x $405.63 Million $255.54 Million $438.12 Million ▼ -44.7%
2022 1.67x $758.10 Million $234.13 Million $452.94 Million ▼ -7.0%
2021 1.80x $850.87 Million $188.75 Million $472.90 Million ▼ -31.7%
2020 2.64x $640.64 Million $110.81 Million $243.11 Million ▲ +34.1%
2019 1.97x $388.85 Million $44.93 Million $197.85 Million ▼ -11.1%
2018 2.21x $37.99 Million $15.69 Million $17.17 Million ▲ +31.2%
2017 1.69x $10.93 Million $5.01 Million $6.48 Million ▼ -84.6%
2016 10.99x $31.73 Million $1.69 Million $2.89 Million
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities