Innovative Industrial Properties (IIPR) Debt Ratio (2021 - 2026)
Innovative Industrial Properties' (IIPR) Debt Ratio was 0.26 for Q3 2026, up 80.4% from 0.15 a year earlier and up 11.3% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) Debt Ratio (2021 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Innovative Industrial Properties was 0.17, up 32.4% from FY2024.
- Debt Ratio has increased for three consecutive years.
- By year, Debt Ratio came in at 0.13 in FY2024 (+1.0%), 0.12 in FY2023 (+1.4%), 0.12 in FY2022 (-13.3%) and 0.14 in FY2021.
- The Q3 2026 figure ranks as the highest quarterly Debt Ratio in data going back to Q2 2021.
- Year over year, Debt Ratio has now increased in each of the last six quarters, with growth averaging 30.4% over the last eight quarters.
- The high point for year-over-year Debt Ratio in five years was Q2 2026 (growth of 87.6%); the low point was Q2 2022 (a decline of 13.5%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 0.24 (Q2 2026), 0.15 (Q1 2026) and 0.17 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 177.74 Bn | 163.76 Bn | 1.47 Bn | 0.21 |
| 2 | Prologis | 120.05 Bn | 114.00 Bn | - | 0.35 |
| 3 | Simon Property | 74.18 Bn | 70.24 Bn | - | 0.72 |
| 4 | Public Storage | 62.09 Bn | 60.82 Bn | - | 0.41 |
| 5 | Realty Income | 55.76 Bn | 54.03 Bn | - | 0.39 |
| 6 | Ventas | 45.60 Bn | 44.27 Bn | - | 0.41 |
| 7 | Extra Space Storage | 33.58 Bn | 32.49 Bn | 650.96 Mn | 0.46 |
| 8 | Vici Properties | 27.29 Bn | 25.64 Bn | 1.06 Bn | 0.35 |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - | 0.45 |
| 10 | Innovative Industrial Properties | 1.50 Bn | 1.01 Bn | - | 0.26 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.26 |
| Jun 30, 2026 | 0.24 |
| Mar 31, 2026 | 0.15 |
| Dec 31, 2025 | 0.17 |
| Sep 30, 2025 | 0.15 |
| Jun 30, 2025 | 0.13 |
| Mar 31, 2025 | 0.12 |
| Dec 31, 2024 | 0.13 |
| Sep 30, 2024 | 0.12 |
| Jun 30, 2024 | 0.12 |
| Mar 31, 2024 | 0.12 |
| Dec 31, 2023 | 0.12 |
| Sep 30, 2023 | 0.12 |
| Jun 30, 2023 | 0.12 |
| Mar 31, 2023 | 0.12 |
| Dec 31, 2022 | 0.12 |
| Sep 30, 2022 | 0.12 |
| Jun 30, 2022 | 0.12 |
| Mar 31, 2022 | 0.14 |
| Dec 31, 2021 | 0.14 |
API Access
Innovative Industrial Properties Debt 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=debt-ratio&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-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=debt-ratio&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();