Innovative Industrial Properties Inc (IIPR-PA) Operating Margin (2017 - 2026)

Innovative Industrial Properties (IIPR-PA) has 10 years of Operating Margin data on file, last reported at 47.7% in Q1 2026.

• For the quarter ending Q1 2026, Operating Margin rose 34.0% year-over-year to 47.7%; the trailing twelve-month figure through Mar 2026 stood at 46.75% (down 583.0% YoY), and the FY2025 full-year result was 46.67%, down 790.0% from the prior year.
• Operating Margin steadied at 47.7% in Q1 2026, from 47.78% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 62.79% in Q4 2022 to a low of 45.47% in Q3 2025.
• A 5-year average of 54.34% and a median of 55.53% in 2023 frame the typical range for Operating Margin.
• Across the five-year window, Operating Margin tumbled 935 bps in 2025 and soared 34 bps in 2026, its largest moves.
• Tracing IIPR-PA's Operating Margin over 5 years: stood at 62.79% in 2022, then slipped by 12 bps to 55.53% in 2023, then slipped by 1 bps to 54.74% in 2024, then dropped by 13 bps to 47.78% in 2025, then slipped by 0 bps to 47.7% in 2026.
• Business Quant data shows IIPR-PA's Operating Margin at 47.7% in Q1 2026, 47.78% in Q4 2025, and 45.47% in Q3 2025.