Innovative Industrial Properties (IIPR) Depreciation and Depletion (2017 - 2025)
Innovative Industrial Properties (IIPR) reported Depreciation and Depletion of $18.3 million for Q4 2025, up 1.7% from $18 million a year earlier and up 0.5% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) Depreciation and Depletion (2017 - 2025) Analysis & Trends
For FY2025, Innovative Industrial Properties posted Depreciation and Depletion of $73 million, up 4.4% from FY2024.
- Depreciation and Depletion has increased for six consecutive years, with a five-year compound annual growth rate of 21.1% (FY2020 to FY2025).
- By year, Depreciation and Depletion came in at $69.9 million in FY2024 (+5.4%), $66.3 million in FY2023 (+9.6%), $60.5 million in FY2022 (+45.1%) and $41.7 million in FY2021 (+48.9%).
- Year over year, Depreciation and Depletion has now increased in each of the last 16 quarters, with growth averaging 5.0% over the last eight quarters.
- Over the past five years, the year-over-year growth in Depreciation and Depletion ranged from 1.7% (Q4 2025) to 55.7% (Q1 2022).
- Per Business Quant data, the three quarters before Q4 2025 came in at $18.2 million (Q3 2025), $18.3 million (Q2 2025) and $18.2 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 157.27 Bn | 138.76 Bn | 1.39 Bn | - |
| 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 | - | 271.79 Mn |
| 6 | Ventas | 39.19 Bn | 37.87 Bn | - | - |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | - |
| 8 | Vici Properties | 24.68 Bn | 22.79 Bn | 1.05 Bn | 998,000.00 |
| 9 | Vivmark Residential | 22.20 Bn | 22.20 Bn | - | 246.38 Mn |
| 10 | Innovative Industrial Properties | 1.46 Bn | 1.46 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 18.30 Mn |
| Sep 30, 2025 | 18.20 Mn |
| Jun 30, 2025 | 18.30 Mn |
| Mar 31, 2025 | 18.20 Mn |
| Dec 31, 2024 | 18.00 Mn |
| Sep 30, 2024 | 17.70 Mn |
| Jun 30, 2024 | 17.30 Mn |
| Mar 31, 2024 | 16.90 Mn |
| Dec 31, 2023 | 16.80 Mn |
| Sep 30, 2023 | 16.50 Mn |
| Jun 30, 2023 | 16.50 Mn |
| Mar 31, 2023 | 16.50 Mn |
| Dec 31, 2022 | 16.10 Mn |
| Sep 30, 2022 | 15.70 Mn |
| Jun 30, 2022 | 15.00 Mn |
| Mar 31, 2022 | 13.70 Mn |
| Dec 31, 2021 | 12.10 Mn |
| Sep 30, 2021 | 10.90 Mn |
| Jun 30, 2021 | 9.80 Mn |
| Mar 31, 2021 | 8.80 Mn |
API Access
Innovative Industrial Properties Depreciation and Depletion 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=depreciation-and-depletion&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-depletion", "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=depreciation-and-depletion&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();