Innovative Industrial Properties (IIPR-PA) Operating Expenses (2017 - 2026)

Innovative Industrial Properties has disclosed Operating Expenses across 10 years of filings, most recently posting $36.5 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $36.5 million, down 3.31% year-over-year; the trailing twelve-month figure through Mar 2026 was $140.3 million (down 0.57% YoY), and the FY2025 annual result was $141.5 million, up 3.5% from the prior year.
• Operating Expenses came in at $36.5 million for Q1 2026 at Innovative Industrial Properties, up from $34.5 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $37.8 million in Q1 2025 to a low of $24.6 million in Q1 2022.
• The 5-year median for Operating Expenses is $34.0 million (2025), against an average of $32.9 million.
• Across the five-year window, Operating Expenses soared 68.12% in 2022 and slipped 3.31% in 2026, its largest moves.
• Innovative Industrial Properties' Operating Expenses stood at $29.8 million in 2022, then gained by 18.03% to $35.2 million in 2023, then decreased by 1.32% to $34.7 million in 2024, then declined by 0.72% to $34.5 million in 2025, then gained by 5.87% to $36.5 million in 2026.
• The last three Operating Expenses figures came in at $36.5 million (Q1 2026), $34.5 million (Q4 2025), and $35.3 million (Q3 2025), per Business Quant data.