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Depreciation & Amortization (IS)Depreciation ExpenseExpense - Property ManagementLeasesOther Gross PP&E AdjustmentsPreferred Shares IssuedRevenue - OtherRevenue - RentalShares Repurchased
Ratios

Innovative Industrial Properties (IIPR) Depreciation Expense (2017 - 2025)

Innovative Industrial Properties' Depreciation Expense history spans 6 years, with the latest figure at $18.3 million for Q4 2025.

  • For Q4 2025, Depreciation Expense rose 1.67% year-over-year to $18.3 million; the TTM value through Dec 2025 reached $73.0 million, up 4.43%, while the annual FY2025 figure was $73.0 million, 4.43% up from the prior year.
  • Depreciation Expense for Q4 2025 was $18.3 million at Innovative Industrial Properties, up from $18.2 million in the prior quarter.
  • Across five years, Depreciation Expense topped out at $18.3 million in Q2 2025 and bottomed at $8.8 million in Q1 2021.
  • The 5-year median for Depreciation Expense is $16.5 million (2023), against an average of $15.6 million.
  • The largest annual shift saw Depreciation Expense skyrocketed 55.68% in 2022 before it increased 1.67% in 2025.
  • A 5-year view of Depreciation Expense shows it stood at $12.1 million in 2021, then soared by 33.06% to $16.1 million in 2022, then increased by 4.35% to $16.8 million in 2023, then grew by 7.14% to $18.0 million in 2024, then grew by 1.67% to $18.3 million in 2025.
  • Per Business Quant, the three most recent readings for IIPR's Depreciation Expense are $18.3 million (Q4 2025), $18.2 million (Q3 2025), and $18.3 million (Q2 2025).