Innovative Industrial Properties (IIPR) EBITDA (2017 - 2026)

Innovative Industrial Properties' (IIPR) quarterly EBITDA came in at $32.9 million in Q1 2026, down 36.91% year-on-year from $52.2 million in Q1 2025, and down 34.37% quarter-over-quarter from $50.1 million in Q4 2025.

Innovative Industrial Properties (IIPR) EBITDA (2017 - 2026) Analysis & Trends

Innovative Industrial Properties has disclosed EBITDA across 10 years of filings, most recently posting $32.9 million for Q1 2026.

  • EBITDA for Q1 2026 came in at $32.9 million, down 36.91% year-over-year; the trailing twelve-month figure through Mar 2026 was $177.9 million (down 23.16% YoY), and the FY2025 annual result was $197.1 million, down 17.26% from the prior year.
  • EBITDA came in at $32.9 million for Q1 2026 at Innovative Industrial Properties, down from $50.1 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of $60.8 million in Q4 2023 to a low of $32.9 million in Q1 2026.
  • The 5-year median for EBITDA is $59.1 million (2022), against an average of $55.3 million.
  • Across the five-year window, EBITDA surged 46.88% in 2022 and tumbled 36.91% in 2026, its largest moves.
  • Innovative Industrial Properties' EBITDA stood at $60.3 million in 2022, then increased by 0.69% to $60.8 million in 2023, then slipped by 1.23% to $60.0 million in 2024, then retreated by 16.43% to $50.1 million in 2025, then slumped by 34.37% to $32.9 million in 2026.
  • The last three EBITDA figures came in at $32.9 million (Q1 2026), $50.1 million (Q4 2025), and $47.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Prologis 137.79 Bn 141.12 Bn 2.24 Bn 1.63 Bn
2 Public Storage 57.19 Bn 57.15 Bn 1.18 Bn 743.48 Mn
3 Extra Space Storage 31.69 Bn 32.52 Bn -204.61 Mn 367.55 Mn
4 Eastgroup Properties 10.93 Bn 10.93 Bn 190.03 Mn 96.60 Mn
5 Lineage 10.07 Bn 10.97 Bn 417.00 Mn -71.00 Mn
6 CubeSmart 9.54 Bn 9.57 Bn 191.86 Mn 23.17 Mn
7 Rexford Industrial Realty 7.99 Bn 8.37 Bn - -
8 STAG Industrial 7.40 Bn 7.47 Bn - -
9 Terreno Realty 7.04 Bn 7.04 Bn - -
10 Innovative Industrial Properties 1.70 Bn 1.70 Bn - 32.91 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 32.91 Mn
Dec 31, 2025 50.15 Mn
Sep 30, 2025 47.61 Mn
Jun 30, 2025 47.20 Mn
Mar 31, 2025 52.16 Mn
Dec 31, 2024 60.01 Mn
Sep 30, 2024 59.66 Mn
Jun 30, 2024 59.65 Mn
Mar 31, 2024 58.93 Mn
Dec 31, 2023 60.76 Mn
Sep 30, 2023 60.35 Mn
Jun 30, 2023 59.92 Mn
Mar 31, 2023 59.86 Mn
Dec 31, 2022 60.34 Mn
Sep 30, 2022 57.06 Mn
Jun 30, 2022 59.14 Mn
Mar 31, 2022 53.58 Mn
Dec 31, 2021 50.56 Mn
Sep 30, 2021 47.19 Mn
Jun 30, 2021 42.74 Mn