Innovative Industrial Properties (IIPR) Accumulated Depreciation (2016 - 2026)
Innovative Industrial Properties (IIPR) reported Accumulated Depreciation of $387.23 million for Q3 2026, up 19.2% from $324.86 million a year earlier and up 4.8% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) Accumulated Depreciation (2016 - 2026) Analysis & Trends
At the end of FY2025, Innovative Industrial Properties posted Accumulated Depreciation of $343.06 million, up 26.5% from FY2024.
- Accumulated Depreciation has increased for eight consecutive years, with a five-year compound annual growth rate of 53.5% (FY2020 to FY2025).
- By year, Accumulated Depreciation came in at $271.19 million in FY2024 (+33.8%), $202.69 million in FY2023 (+46.4%), $138.41 million in FY2022 (+68.9%) and $81.94 million in FY2021 (+103.9%).
- The Q3 2026 figure ranks as the highest quarterly Accumulated Depreciation in data going back to Q4 2016.
- Year over year, Accumulated Depreciation has now increased in each of the last 35 quarters, with growth averaging 26.9% over the last eight quarters.
- Across the past five years, year-over-year growth in Accumulated Depreciation ran from 19.2% in Q3 2026 to 103.9% in Q4 2021.
- Per Business Quant data, the three quarters before Q3 2026 came in at $369.45 million (Q2 2026), $361.09 million (Q1 2026) and $343.06 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Welltower | 177.74 Bn | 163.76 Bn | 1.47 Bn |
| 2 | Prologis | 120.05 Bn | 114.00 Bn | - |
| 3 | Simon Property | 74.18 Bn | 70.24 Bn | - |
| 4 | Public Storage | 62.09 Bn | 60.82 Bn | - |
| 5 | Realty Income | 55.76 Bn | 54.03 Bn | - |
| 6 | Ventas | 45.60 Bn | 44.27 Bn | - |
| 7 | Extra Space Storage | 33.58 Bn | 32.49 Bn | 650.96 Mn |
| 8 | Vici Properties | 27.29 Bn | 25.64 Bn | 1.06 Bn |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - |
| 10 | Innovative Industrial Properties | 1.50 Bn | 1.01 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 387.23 Mn |
| Jun 30, 2026 | 369.45 Mn |
| Mar 31, 2026 | 361.09 Mn |
| Dec 31, 2025 | 343.06 Mn |
| Sep 30, 2025 | 324.86 Mn |
| Jun 30, 2025 | 306.59 Mn |
| Mar 31, 2025 | 289.37 Mn |
| Dec 31, 2024 | 271.19 Mn |
| Sep 30, 2024 | 253.17 Mn |
| Jun 30, 2024 | 235.44 Mn |
| Mar 31, 2024 | 219.63 Mn |
| Dec 31, 2023 | 202.69 Mn |
| Sep 30, 2023 | 186.12 Mn |
| Jun 30, 2023 | 169.66 Mn |
| Mar 31, 2023 | 153.17 Mn |
| Dec 31, 2022 | 138.41 Mn |
| Sep 30, 2022 | 124.79 Mn |
| Jun 30, 2022 | 109.10 Mn |
| Mar 31, 2022 | 95.61 Mn |
| Dec 31, 2021 | 81.94 Mn |
API Access
Innovative Industrial Properties Accumulated Depreciation API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-depreciation&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-depreciation", "ticker": "IIPR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-depreciation&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();