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Innovative Industrial Properties (IIPR-PA) Operating Expenses (2017 - 2025)

Innovative Industrial Properties (IIPR-PA) has disclosed Operating Expenses for 9 consecutive years, with $34.5 million as the latest value for Q4 2025.

  • Quarterly Operating Expenses fell 0.72% to $34.5 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $141.5 million through Dec 2025, up 3.5% year-over-year, with the annual reading at $141.5 million for FY2025, 3.5% up from the prior year.
  • Operating Expenses hit $34.5 million in Q4 2025 for Innovative Industrial Properties, down from $35.3 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 $15.2 million in Q1 2021.
  • Historically, Operating Expenses has averaged $29.6 million across 5 years, with a median of $33.2 million in 2023.
  • Biggest five-year swings in Operating Expenses: soared 71.79% in 2021 and later dropped 1.32% in 2024.
  • Year by year, Operating Expenses stood at $20.5 million in 2021, then skyrocketed by 45.61% to $29.8 million in 2022, then rose by 18.03% to $35.2 million in 2023, then dropped by 1.32% to $34.7 million in 2024, then dropped by 0.72% to $34.5 million in 2025.
  • Business Quant data shows Operating Expenses for IIPR-PA at $34.5 million in Q4 2025, $35.3 million in Q3 2025, and $34.0 million in Q2 2025.