Innovative Industrial Properties (IIPR) EBIT Margin (2017 - 2026)
Innovative Industrial Properties (IIPR) recorded EBIT Margin of 45.26% in Q3 2026, down 0.21 percentage points from 45.47% a year earlier and down 20.20 percentage points from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) EBIT Margin (2017 - 2026) Analysis & Trends
On a TTM basis, Innovative Industrial Properties' EBIT Margin came in at 51.38% as of Sep 30, 2026, up 2.73 percentage points year-over-year; for FY2025, it was 46.67%, down 7.90 percentage points from FY2024.
- Annual EBIT Margin has declined for four straight years, with a five-year change of -12.99 percentage points (FY2020 to FY2025).
- Across earlier years, EBIT Margin came in at 54.57% in FY2024 (-1.84 pp), 56.41% in FY2023 (-4.97 pp), 61.38% in FY2022 (-4.80 pp) and 66.18% in FY2021 (+6.52 pp).
- The Q3 2026 figure is the lowest quarterly EBIT Margin since Q4 2018.
- On a year-over-year basis, EBIT Margin rose in two of the last eight quarters, with an average year-over-year change of -1.62 percentage points.
- Peak year-over-year performance for EBIT Margin in the last five years was a gain of 19.51 percentage points in Q2 2026, against a drop of 9.35 percentage points in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 65.46% (Q2 2026), 47.70% (Q1 2026) and 47.78% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 177.74 Bn | 163.76 Bn | 1.47 Bn | 9.10% |
| 2 | Prologis | 120.05 Bn | 114.00 Bn | - | 43.76% |
| 3 | Simon Property | 74.18 Bn | 70.24 Bn | - | 46.02% |
| 4 | Public Storage | 62.09 Bn | 60.82 Bn | - | 23.20% |
| 5 | Realty Income | 55.76 Bn | 54.03 Bn | - | 48.67% |
| 6 | Ventas | 45.60 Bn | 44.27 Bn | - | 11.68% |
| 7 | Extra Space Storage | 33.58 Bn | 32.49 Bn | 650.96 Mn | 44.04% |
| 8 | Vici Properties | 27.29 Bn | 25.64 Bn | 1.06 Bn | 52.20% |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - | - |
| 10 | Innovative Industrial Properties | 1.50 Bn | 1.01 Bn | - | 45.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 45.26% |
| Jun 30, 2026 | 65.46% |
| Mar 31, 2026 | 47.70% |
| Dec 31, 2025 | 47.78% |
| Sep 30, 2025 | 45.47% |
| Jun 30, 2025 | 45.95% |
| Mar 31, 2025 | 47.36% |
| Dec 31, 2024 | 54.74% |
| Sep 30, 2024 | 54.83% |
| Jun 30, 2024 | 53.07% |
| Mar 31, 2024 | 55.71% |
| Dec 31, 2023 | 55.53% |
| Sep 30, 2023 | 56.34% |
| Jun 30, 2023 | 56.80% |
| Mar 31, 2023 | 57.00% |
| Dec 31, 2022 | 62.79% |
| Sep 30, 2022 | 58.34% |
| Jun 30, 2022 | 62.61% |
| Mar 31, 2022 | 61.82% |
| Dec 31, 2021 | 65.25% |
API Access
Innovative Industrial Properties EBIT Margin 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=ebit-margin&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "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=ebit-margin&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();