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Side-by-side financial comparison of CHIMERA INVESTMENT CORP (CIM) and INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR). Click either name above to swap in a different company.

INNOVATIVE INDUSTRIAL PROPERTIES INC is the larger business by last-quarter revenue ($66.7M vs $66.2M, roughly 1.0× CHIMERA INVESTMENT CORP). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 42.8%, a 5.0% gap on every dollar of revenue. On growth, CHIMERA INVESTMENT CORP posted the faster year-over-year revenue change (0.5% vs -13.1%). Over the past eight quarters, CHIMERA INVESTMENT CORP's revenue compounded faster (0.8% CAGR vs -6.0%).

Chimera Investment Corp is a US-based real estate investment trust (REIT) primarily investing in residential mortgage-backed securities, residential and commercial mortgage loans, and other real estate-related financial assets. It delivers sustainable risk-adjusted returns for shareholders via regular dividend distributions from its investment portfolio.

Oxford Properties is a Canadian multinational corporation, with operations in real estate investment, development and property management. Its portfolio includes office, retail, industrial, multi-residential, life sciences and hotel assets. Established privately in 1960 and later wholly owned by the Ontario Municipal Employees Retirement System (OMERS) since 2003, the company is headquartered in Toronto with regional head offices in New York City, London, Australia, Singapore and Luxembourg. ...

CIM vs IIPR — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.0× larger
IIPR
$66.7M
$66.2M
CIM
Growing faster (revenue YoY)
CIM
CIM
+13.7% gap
CIM
0.5%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
5.0% more per $
IIPR
47.8%
42.8%
CIM
Faster 2-yr revenue CAGR
CIM
CIM
Annualised
CIM
0.8%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CIM
CIM
IIPR
IIPR
Revenue
$66.2M
$66.7M
Net Profit
$28.3M
$31.8M
Gross Margin
Operating Margin
42.6%
47.8%
Net Margin
42.8%
47.8%
Revenue YoY
0.5%
-13.1%
Net Profit YoY
119.3%
-20.4%
EPS (diluted)
$0.05
$1.07

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CIM
CIM
IIPR
IIPR
Q4 25
$66.2M
$66.7M
Q3 25
$65.0M
$64.7M
Q2 25
$66.0M
$62.9M
Q1 25
$69.2M
$71.7M
Q4 24
$65.8M
$76.7M
Q3 24
$66.5M
$76.5M
Q2 24
$67.3M
$79.8M
Q1 24
$65.1M
$75.5M
Net Profit
CIM
CIM
IIPR
IIPR
Q4 25
$28.3M
$31.8M
Q3 25
$-580.0K
$29.3M
Q2 25
$35.5M
$26.0M
Q1 25
$167.3M
$31.1M
Q4 24
$-146.5M
$40.0M
Q3 24
$136.5M
$40.2M
Q2 24
$56.7M
$42.0M
Q1 24
$129.5M
$39.4M
Operating Margin
CIM
CIM
IIPR
IIPR
Q4 25
42.6%
47.8%
Q3 25
-0.5%
45.5%
Q2 25
54.3%
45.9%
Q1 25
47.4%
Q4 24
-222.6%
54.7%
Q3 24
54.8%
Q2 24
84.2%
53.1%
Q1 24
55.7%
Net Margin
CIM
CIM
IIPR
IIPR
Q4 25
42.8%
47.8%
Q3 25
-0.9%
45.3%
Q2 25
53.7%
41.4%
Q1 25
241.7%
43.3%
Q4 24
-222.6%
52.2%
Q3 24
205.4%
52.6%
Q2 24
84.2%
52.6%
Q1 24
198.8%
52.3%
EPS (diluted)
CIM
CIM
IIPR
IIPR
Q4 25
$0.05
$1.07
Q3 25
$-0.27
$0.97
Q2 25
$0.17
$0.86
Q1 25
$1.77
$1.03
Q4 24
$-2.06
$1.35
Q3 24
$1.39
$1.37
Q2 24
$0.41
$1.44
Q1 24
$1.36
$1.36

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CIM
CIM
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$278.6M
$47.6M
Total DebtLower is stronger
$251.5M
$393.7M
Stockholders' EquityBook value
$2.6B
$1.8B
Total Assets
$15.8B
$2.4B
Debt / EquityLower = less leverage
0.10×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CIM
CIM
IIPR
IIPR
Q4 25
$278.6M
$47.6M
Q3 25
$491.5M
$41.9M
Q2 25
$250.2M
$104.9M
Q1 25
$253.3M
$133.3M
Q4 24
$84.0M
$151.2M
Q3 24
$97.3M
$172.4M
Q2 24
$162.3M
$160.9M
Q1 24
$169.0M
$173.5M
Total Debt
CIM
CIM
IIPR
IIPR
Q4 25
$251.5M
$393.7M
Q3 25
$251.0M
Q2 25
$135.2M
Q1 25
$134.9M
Q4 24
$134.6M
Q3 24
$134.4M
Q2 24
$62.4M
Q1 24
Stockholders' Equity
CIM
CIM
IIPR
IIPR
Q4 25
$2.6B
$1.8B
Q3 25
$2.6B
$1.9B
Q2 25
$2.6B
$1.9B
Q1 25
$2.6B
$1.9B
Q4 24
$2.5B
$1.9B
Q3 24
$2.7B
$1.9B
Q2 24
$2.6B
$1.9B
Q1 24
$2.6B
$2.0B
Total Assets
CIM
CIM
IIPR
IIPR
Q4 25
$15.8B
$2.4B
Q3 25
$15.1B
$2.3B
Q2 25
$14.9B
$2.3B
Q1 25
$13.2B
$2.4B
Q4 24
$13.1B
$2.4B
Q3 24
$13.7B
$2.4B
Q2 24
$13.1B
$2.4B
Q1 24
$12.5B
$2.4B
Debt / Equity
CIM
CIM
IIPR
IIPR
Q4 25
0.10×
0.21×
Q3 25
0.10×
Q2 25
0.05×
Q1 25
0.05×
Q4 24
0.05×
Q3 24
0.05×
Q2 24
0.02×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CIM
CIM
IIPR
IIPR
Operating Cash FlowLast quarter
$-248.9M
$198.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-8.78×
6.22×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CIM
CIM
IIPR
IIPR
Q4 25
$-248.9M
$198.2M
Q3 25
$-137.5M
$45.6M
Q2 25
$-7.4M
$48.4M
Q1 25
$48.8M
$54.2M
Q4 24
$205.7M
$258.4M
Q3 24
$41.4M
$64.9M
Q2 24
$69.0M
$64.2M
Q1 24
$57.3M
$71.6M
Cash Conversion
CIM
CIM
IIPR
IIPR
Q4 25
-8.78×
6.22×
Q3 25
1.56×
Q2 25
-0.21×
1.86×
Q1 25
0.29×
1.75×
Q4 24
6.46×
Q3 24
0.30×
1.61×
Q2 24
1.22×
1.53×
Q1 24
0.44×
1.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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