Innovative Industrial Properties (IIPR) Dividend Coverage Ratio (2017 - 2026)
Innovative Industrial Properties' (IIPR) Dividend Coverage Ratio was 0.54 for Q3 2026, up 2.7% from 0.53 a year earlier but down 27.7% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) Dividend Coverage Ratio (2017 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Innovative Industrial Properties' Dividend Coverage Ratio came in at 0.61, up 6.5% year-over-year; for FY2025, it came in at 0.53, down 29.8% from FY2024.
- Dividend Coverage Ratio has declined for four consecutive years.
- By year, Dividend Coverage Ratio came in at 0.75 in FY2024 (-6.9%), 0.81 in FY2023 (-2.6%), 0.83 in FY2022 (-3.3%) and 0.86 in FY2021 (+0.8%).
- Five-year quarterly Dividend Coverage Ratio spans a low of 0.46 in Q2 2025 and a high of 0.90 in Q1 2022.
- Year over year, Dividend Coverage Ratio has now increased in each of the last three quarters, with an average decline of 8.0% over the last eight quarters.
- The high point for year-over-year Dividend Coverage Ratio in five years was Q2 2026 (growth of 61.8%); the low point was Q2 2025 (a decline of 42.4%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 0.75 (Q2 2026), 0.56 (Q1 2026) and 0.57 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 177.74 Bn | 163.76 Bn | 1.47 Bn | - |
| 2 | Prologis | 120.05 Bn | 114.00 Bn | - | - |
| 3 | Simon Property | 74.18 Bn | 70.24 Bn | - | - |
| 4 | Public Storage | 62.09 Bn | 60.82 Bn | - | 9.20 |
| 5 | Realty Income | 55.76 Bn | 54.03 Bn | - | 0.53 |
| 6 | Ventas | 45.60 Bn | 44.27 Bn | - | 0.24 |
| 7 | Extra Space Storage | 33.58 Bn | 32.49 Bn | 650.96 Mn | 0.73 |
| 8 | Vici Properties | 27.29 Bn | 25.64 Bn | 1.06 Bn | 0.68 |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - | 0.43 |
| 10 | Innovative Industrial Properties | 1.50 Bn | 1.01 Bn | - | 0.54 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.54 |
| Jun 30, 2026 | 0.75 |
| Mar 31, 2026 | 0.56 |
| Dec 31, 2025 | 0.57 |
| Sep 30, 2025 | 0.53 |
| Jun 30, 2025 | 0.46 |
| Mar 31, 2025 | 0.56 |
| Dec 31, 2024 | 0.73 |
| Sep 30, 2024 | 0.73 |
| Jun 30, 2024 | 0.80 |
| Mar 31, 2024 | 0.76 |
| Dec 31, 2023 | 0.81 |
| Sep 30, 2023 | 0.81 |
| Jun 30, 2023 | 0.81 |
| Mar 31, 2023 | 0.81 |
| Dec 31, 2022 | 0.82 |
| Sep 30, 2022 | 0.76 |
| Jun 30, 2022 | 0.87 |
| Mar 31, 2022 | 0.90 |
| Dec 31, 2021 | 0.79 |
API Access
Innovative Industrial Properties Dividend Coverage 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=dividend-coverage-ratio&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "dividend-coverage-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=dividend-coverage-ratio&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();