Innovative Industrial Properties (IIPR) EBITDA Margin (2017 - 2026)
Innovative Industrial Properties (IIPR) reported EBITDA Margin of 47.7% for Q1 2026, up 34.0% on a YoY basis from 35.59% in Q1 2025, and little changed sequentially from 47.78% in Q4 2025.
Innovative Industrial Properties (IIPR) EBITDA Margin (2017 - 2026) Analysis & Trends
Innovative Industrial Properties (IIPR) has 10 years of EBITDA Margin data on file, last reported at 47.7% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin rose 34.0% year-over-year to 47.7%; the trailing twelve-month figure through Mar 2026 stood at 46.75% (down 583.0% YoY), and the FY2025 full-year result was 46.67%, down 790.0% from the prior year.
- EBITDA Margin steadied at 47.7% in Q1 2026, from 47.78% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 62.79% in Q4 2022 to a low of 45.47% in Q3 2025.
- A 5-year average of 54.34% and a median of 55.53% in 2023 frame the typical range for EBITDA Margin.
- Across the five-year window, EBITDA Margin tumbled 935 bps in 2025 and soared 34 bps in 2026, its largest moves.
- Tracing IIPR's EBITDA Margin over 5 years: stood at 62.79% in 2022, then slipped by 12 bps to 55.53% in 2023, then slipped by 1 bps to 54.74% in 2024, then dropped by 13 bps to 47.78% in 2025, then slipped by 0 bps to 47.7% in 2026.
- Business Quant data shows IIPR's EBITDA Margin at 47.7% in Q1 2026, 47.78% in Q4 2025, and 45.47% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 136.72 Bn | 136.72 Bn | 2.24 Bn | 72.20% |
| 2 | Public Storage | 56.92 Bn | 56.79 Bn | 1.18 Bn | 38.95% |
| 3 | Extra Space Storage | 31.35 Bn | 31.35 Bn | 617.72 Mn | 42.94% |
| 4 | Eastgroup Properties | 11.31 Bn | 11.31 Bn | 193.10 Mn | 40.64% |
| 5 | Lineage | 9.72 Bn | 9.65 Bn | 417.00 Mn | 2.78% |
| 6 | CubeSmart | 9.62 Bn | 9.62 Bn | 191.86 Mn | 8.22% |
| 7 | Rexford Industrial Realty | 8.86 Bn | 8.81 Bn | - | - |
| 8 | STAG Industrial | 7.76 Bn | 7.76 Bn | - | - |
| 9 | Terreno Realty | 7.66 Bn | 7.66 Bn | - | - |
| 10 | Innovative Industrial Properties | 1.72 Bn | 1.72 Bn | - | 47.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 67.39% |
| Jun 30, 2021 | 67.41% |