Innovative Industrial Properties (IIPR) EBITDA (2017 - 2026)
Innovative Industrial Properties' EBITDA was $50.57 million in Q3 2026, up 4.2% from $48.54 million a year earlier but down 17.7% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) EBITDA (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Innovative Industrial Properties' EBITDA was $215.05 million through Sep 30, 2026, up 2.4% year-over-year; for FY2025, it was $200.19 million, down 16.9% from FY2024.
- EBITDA shows a five-year compound annual growth rate of 14.9% (FY2020 to FY2025).
- In earlier years, EBITDA was $240.82 million in FY2024 (-1.0%), $243.15 million in FY2023 (+4.7%), $232.27 million in FY2022 (+29.0%) and $180 million in FY2021 (+80.4%).
- Quarterly EBITDA has moved between $47.87 million (Q2 2025) and $61.46 million (Q2 2026) over five years.
- Compared with a year earlier, EBITDA was higher in two of the last eight quarters, with an average decline of 4.7%.
- The best year-over-year quarter for EBITDA over five years was Q4 2021 (growth of 60.4%); the worst was Q2 2025 (a decline of 20.5%).
- Per Business Quant data, IIPR's EBITDA in the three quarters before Q3 2026 was $61.46 million (Q2 2026), $52.07 million (Q1 2026) and $50.95 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 177.74 Bn | 163.76 Bn | 1.47 Bn | 1.06 Bn |
| 2 | Prologis | 120.05 Bn | 114.00 Bn | - | 1.78 Bn |
| 3 | Simon Property | 74.18 Bn | 70.24 Bn | - | 1.28 Bn |
| 4 | Public Storage | 62.09 Bn | 60.82 Bn | - | 732.77 Mn |
| 5 | Realty Income | 55.76 Bn | 54.03 Bn | - | 1.47 Bn |
| 6 | Ventas | 45.60 Bn | 44.27 Bn | - | 667.45 Mn |
| 7 | Extra Space Storage | 33.58 Bn | 32.49 Bn | 650.96 Mn | 591.18 Mn |
| 8 | Vici Properties | 27.29 Bn | 25.64 Bn | 1.06 Bn | 568.53 Mn |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - | 451.46 Mn |
| 10 | Innovative Industrial Properties | 1.50 Bn | 1.01 Bn | - | 50.57 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 50.57 Mn |
| Jun 30, 2026 | 61.46 Mn |
| Mar 31, 2026 | 52.07 Mn |
| Dec 31, 2025 | 50.95 Mn |
| Sep 30, 2025 | 48.54 Mn |
| Jun 30, 2025 | 47.87 Mn |
| Mar 31, 2025 | 52.83 Mn |
| Dec 31, 2024 | 60.70 Mn |
| Sep 30, 2024 | 60.32 Mn |
| Jun 30, 2024 | 60.21 Mn |
| Mar 31, 2024 | 59.59 Mn |
| Dec 31, 2023 | 61.41 Mn |
| Sep 30, 2023 | 60.87 Mn |
| Jun 30, 2023 | 60.47 Mn |
| Mar 31, 2023 | 60.41 Mn |
| Dec 31, 2022 | 60.87 Mn |
| Sep 30, 2022 | 57.58 Mn |
| Jun 30, 2022 | 59.70 Mn |
| Mar 31, 2022 | 54.11 Mn |
| Dec 31, 2021 | 51.51 Mn |
API Access
Innovative Industrial Properties EBITDA 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=ebitda&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "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=ebitda&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();