HPP vs IIPR
Hudson Pacific Properties, Inc. and Innovative Industrial Properties Inc., side by side — 9 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | HPP | IIPR |
|---|---|---|
| Revenue | $831.1M | $266.0M |
| Net income | $-592.3M | $118.2M |
| Gross margin | 48.5% | 98.6% |
| Net margin | −71.3% | 44.5% |
| Return on equity | · | 6.2% |
| Diluted EPS | −$12.81 | $3.93 |
| Dividend / share | $0.00 | · |
| Payout ratio | · | 182.9% |
| Free cash flow | $-23.1M | · |
| Equity | $3.0B | $1.8B |
| Net debt / equity | · | 0.19× |
| Current ratio | · | · |
| Revenue CAGR 5y | 0.6% | 17.9% |
| Profit CAGR 5y | · | 12.5% |
HPP bills 3.1× the revenue of IIPR, and HPP closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
9 years side by side
| Fiscal year | HPP | IIPR |
|---|---|---|
| FY2025 | $831.1M | $266.0M |
| FY2024 | $842.1M | $308.5M |
| FY2023 | $952.3M | $309.5M |
| FY2022 | $1.0B | $276.4M |
| FY2021 | $896.8M | $204.6M |
| FY2020 | $805.0M | $116.9M |
| FY2019 | $818.2M | $44.7M |
| FY2018 | $728.4M | $14.8M |
| FY2017 | $728.1M | $6.4M |
Bottom line
| Fiscal year | HPP | IIPR |
|---|---|---|
| FY2025 | $-592.3M | $118.2M |
| FY2024 | $-381.4M | $161.7M |
| FY2023 | $-170.7M | $165.6M |
| FY2022 | $-16.5M | $154.4M |
| FY2021 | $29.0M | $114.0M |
| FY2020 | $16.4M | $65.7M |
| FY2019 | $55.8M | $23.5M |
| FY2018 | $111.8M | $7.0M |
| FY2017 | $94.6M | $-72,000 |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$565,150,000 | HPP |
| FY2024 | +$533,565,000 | HPP |
| FY2023 | +$642,791,000 | HPP |
| FY2022 | +$749,865,000 | HPP |
| FY2021 | +$692,284,000 | HPP |
| FY2020 | +$688,069,000 | HPP |
| FY2019 | +$773,515,000 | HPP |
| FY2018 | +$713,631,000 | HPP |
| FY2017 | +$721,719,000 | HPP |
HPP has reported the higher revenue in every one of these 9 fiscal years. The gap has narrowed since the earliest year compared.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −115.7 pp | IIPR |
| FY2024 | −97.7 pp | IIPR |
| FY2023 | −71.4 pp | IIPR |
| FY2022 | −57.5 pp | IIPR |
| FY2021 | −52.5 pp | IIPR |
| FY2020 | −54.2 pp | IIPR |
| FY2019 | −45.7 pp | IIPR |
| FY2018 | −31.9 pp | IIPR |
| FY2017 | +14.1 pp | HPP |
The higher net margin has changed hands between HPP and IIPR over this period.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HPP's net margin has been more volatile than IIPR's over the 9 comparable fiscal years — 27.7 percentage points of standard deviation against 17.2.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between HPP and IIPR over these 9 fiscal years — HPP led in 1 and IIPR in 8.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.