Innovative Industrial Properties Inc (IIPR-PA) Rent Expense (2017 - 2026)

Innovative Industrial Properties (IIPR-PA) has 10 years of Rent Expense data on file, last reported at $7.6 million in Q1 2026.

• For the quarter ending Q1 2026, Rent Expense rose 2.67% year-over-year to $7.6 million; the trailing twelve-month figure through Mar 2026 stood at $30.4 million (up 4.23% YoY), and the FY2025 full-year result was $30.2 million, up 5.99% from the prior year.
• Rent Expense slipped to $7.6 million in Q1 2026, from $8.0 million in the prior quarter.
• In the past five years, Rent Expense ranged from a high of $8.0 million in Q4 2025 to a low of $2.0 million in Q1 2022.
• A 5-year average of $6.0 million and a median of $6.9 million in 2024 frame the typical range for Rent Expense.
• Across the five-year window, Rent Expense soared 403.53% in 2022 and climbed 0.06% in 2025, its largest moves.
• Tracing IIPR-PA's Rent Expense over 5 years: stood at $3.3 million in 2022, then surged by 118.77% to $7.2 million in 2023, then increased by 5.73% to $7.6 million in 2024, then climbed by 4.93% to $8.0 million in 2025, then dropped by 5.06% to $7.6 million in 2026.
• Business Quant data shows IIPR-PA's Rent Expense at $7.6 million in Q1 2026, $8.0 million in Q4 2025, and $8.0 million in Q3 2025.