Innovative Industrial Properties (IIPR) Construction in Progress (2018 - 2026)
Innovative Industrial Properties (IIPR) recorded Construction in Progress of $34.77 million in Q2 2026, down 39.5% from $57.49 million a year earlier and down 13.7% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) Construction in Progress (2018 - 2026) Analysis & Trends
At the end of FY2025, Innovative Industrial Properties reported Construction in Progress of $40.59 million, down 34.9% from FY2024.
- Annual Construction in Progress has a three-year compound annual growth rate of -9.1% (FY2022 to FY2025).
- Across earlier years, Construction in Progress came in at $62.39 million in FY2024 (-47.0%), $117.77 million in FY2023 (+117.7%) and $54.11 million in FY2022.
- The Q2 2026 figure is the lowest quarterly Construction in Progress since Q3 2021.
- On a year-over-year basis, Construction in Progress has declined for nine consecutive quarters, with an average decline of 36.9% over the last eight quarters.
- Peak year-over-year performance for Construction in Progress in the last five years was growth of 117.7% in Q4 2023, against a decline of 51.2% in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $40.31 million (Q1 2026), $40.59 million (Q4 2025) and $57.71 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Construction in Progress (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 157.27 Bn | 138.76 Bn | 1.39 Bn | 848.35 Mn |
| 2 | Prologis | 119.02 Bn | 119.02 Bn | - | - |
| 3 | Simon Property | 64.22 Bn | 64.22 Bn | - | - |
| 4 | Realty Income | 49.78 Bn | 49.78 Bn | - | - |
| 5 | Public Storage | 49.58 Bn | 48.57 Bn | - | 260.09 Mn |
| 6 | Ventas | 39.19 Bn | 37.87 Bn | - | 253.90 Mn |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 126.22 Mn |
| 8 | Vici Properties | 24.68 Bn | 22.79 Bn | 1.05 Bn | 23.27 Mn |
| 9 | Vivmark Residential | 22.20 Bn | 22.20 Bn | - | 58.31 Mn |
| 10 | Innovative Industrial Properties | 1.46 Bn | 1.46 Bn | - | 34.77 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.77 Mn |
| Mar 31, 2026 | 40.31 Mn |
| Dec 31, 2025 | 40.59 Mn |
| Sep 30, 2025 | 57.71 Mn |
| Jun 30, 2025 | 57.49 Mn |
| Mar 31, 2025 | 60.49 Mn |
| Dec 31, 2024 | 62.39 Mn |
| Sep 30, 2024 | 60.00 Mn |
| Jun 30, 2024 | 97.83 Mn |
| Mar 31, 2024 | 123.91 Mn |
| Dec 31, 2023 | 117.77 Mn |
| Sep 30, 2023 | 107.77 Mn |
| Jun 30, 2023 | 117.41 Mn |
| Mar 31, 2023 | 108.46 Mn |
| Dec 31, 2022 | 54.11 Mn |
| Sep 30, 2022 | 60.55 Mn |
| Jun 30, 2022 | 68.91 Mn |
| Sep 30, 2021 | 4.58 Mn |
| Jun 30, 2021 | 3.84 Mn |
| Mar 31, 2021 | 2.43 Mn |
API Access
Innovative Industrial Properties Construction in Progress 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=construction-in-progress&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "construction-in-progress", "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=construction-in-progress&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();