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

Innovative Industrial Properties has disclosed Operating Income across 10 years of filings, most recently posting $32.9 million for Q1 2026.

• Operating Income for Q1 2026 came in at $32.9 million, down 3.11% year-over-year; the trailing twelve-month figure through Mar 2026 was $123.1 million (down 23.22% YoY), and the FY2025 annual result was $124.1 million, down 26.27% from the prior year.
• Operating Income came in at $32.9 million for Q1 2026 at Innovative Industrial Properties, up from $31.8 million in the prior quarter.
• In the past five years, Operating Income ranged from a high of $44.2 million in Q4 2022 to a low of $28.9 million in Q2 2025.
• The 5-year median for Operating Income is $42.0 million (2024), against an average of $39.4 million.
• Across the five-year window, Operating Income surged 44.09% in 2022 and plunged 31.76% in 2025, its largest moves.
• Innovative Industrial Properties' Operating Income stood at $44.2 million in 2022, then decreased by 0.64% to $44.0 million in 2023, then slipped by 4.43% to $42.0 million in 2024, then declined by 24.19% to $31.8 million in 2025, then increased by 3.34% to $32.9 million in 2026.
• The last three Operating Income figures came in at $32.9 million (Q1 2026), $31.8 million (Q4 2025), and $29.4 million (Q3 2025), per Business Quant data.