Innovative Industrial Properties (IIPR) Asset Utilization Ratio (2017 - 2026)
Innovative Industrial Properties' (IIPR) Asset Utilization Ratio was 0.10 for Q3 2026, down 15.2% from 0.12 a year earlier and down 4.8% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) Asset Utilization Ratio (2017 - 2026) Analysis & Trends
For FY2025, Asset Utilization Ratio at Innovative Industrial Properties was 0.11, down 13.4% from FY2024.
- By year, Asset Utilization Ratio came in at 0.13 in FY2024 (+0.4%), 0.13 in FY2023 (+4.9%), 0.12 in FY2022 (+15.7%) and 0.11 in FY2021 (+14.2%).
- The Q3 2026 figure ranks as the lowest quarterly Asset Utilization Ratio since Q4 2021.
- Year over year, Asset Utilization Ratio has now declined in each of the last eight quarters, with an average decline of 8.8% over the last eight quarters.
- The high point for year-over-year Asset Utilization Ratio in five years was Q1 2022 (growth of 38.7%); the low point was Q3 2026 (a decline of 15.2%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 0.11 (Q2 2026), 0.11 (Q1 2026) and 0.11 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 177.74 Bn | 163.76 Bn | 1.47 Bn | 0.19 |
| 2 | Prologis | 120.05 Bn | 114.00 Bn | - | 0.09 |
| 3 | Simon Property | 74.18 Bn | 70.24 Bn | - | 0.17 |
| 4 | Public Storage | 62.09 Bn | 60.82 Bn | - | 0.20 |
| 5 | Realty Income | 55.76 Bn | 54.03 Bn | - | 0.08 |
| 6 | Ventas | 45.60 Bn | 44.27 Bn | - | 0.23 |
| 7 | Extra Space Storage | 33.58 Bn | 32.49 Bn | 650.96 Mn | 0.12 |
| 8 | Vici Properties | 27.29 Bn | 25.64 Bn | 1.06 Bn | 0.09 |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - | - |
| 10 | Innovative Industrial Properties | 1.50 Bn | 1.01 Bn | - | 0.10 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.10 |
| Jun 30, 2026 | 0.11 |
| Mar 31, 2026 | 0.11 |
| Dec 31, 2025 | 0.11 |
| Sep 30, 2025 | 0.12 |
| Jun 30, 2025 | 0.12 |
| Mar 31, 2025 | 0.13 |
| Dec 31, 2024 | 0.13 |
| Sep 30, 2024 | 0.13 |
| Jun 30, 2024 | 0.13 |
| Mar 31, 2024 | 0.13 |
| Dec 31, 2023 | 0.13 |
| Sep 30, 2023 | 0.13 |
| Jun 30, 2023 | 0.12 |
| Mar 31, 2023 | 0.12 |
| Dec 31, 2022 | 0.11 |
| Sep 30, 2022 | 0.11 |
| Jun 30, 2022 | 0.11 |
| Mar 31, 2022 | 0.11 |
| Dec 31, 2021 | 0.10 |
API Access
Innovative Industrial Properties Asset Utilization Ratio 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=asset-utilization-ratio&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "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=asset-utilization-ratio&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();