Innovative Industrial Properties (IIPR) EBITDA Margin (2017 - 2026)
Innovative Industrial Properties' EBITDA Margin was 95.15% in Q2 2026, up 19.79 percentage points from 75.37% a year earlier and up 20.52 percentage points from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) EBITDA Margin (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Innovative Industrial Properties' EBITDA Margin was 79.72% through Jun 30, 2026, up 3.33 percentage points year-over-year; for FY2025, it came in at 74.52%, down 3.00 percentage points from FY2024.
- EBITDA Margin has now declined for four consecutive years, with a five-year change of -9.11 percentage points (FY2020 to FY2025).
- In earlier years, EBITDA Margin was 77.52% in FY2024 (-0.60 pp), 78.12% in FY2023 (-5.44 pp), 83.56% in FY2022 (-3.04 pp) and 86.60% in FY2021 (+2.97 pp).
- The Q2 2026 figure marks the highest quarterly EBITDA Margin in data going back to Q1 2017.
- Compared with a year earlier, EBITDA Margin was higher in five of the last eight quarters, with an average year-over-year change of +1.42 percentage points.
- The best year-over-year quarter for EBITDA Margin over five years was Q2 2026 (a gain of 19.79 percentage points); the worst was Q4 2023 (a drop of 8.79 percentage points).
- Per Business Quant data, IIPR's EBITDA Margin in the three quarters before Q2 2026 was 74.63% (Q1 2026), 75.59% (Q4 2025) and 74.29% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 157.27 Bn | 138.76 Bn | 1.39 Bn | -30.49% |
| 2 | Prologis | 119.02 Bn | 119.02 Bn | - | 80.02% |
| 3 | Simon Property | 64.22 Bn | 64.22 Bn | - | 73.69% |
| 4 | Realty Income | 49.78 Bn | 49.78 Bn | - | 87.42% |
| 5 | Public Storage | 49.58 Bn | 48.57 Bn | - | 61.19% |
| 6 | Ventas | 39.19 Bn | 37.87 Bn | - | 36.41% |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 66.10% |
| 8 | Vici Properties | 24.68 Bn | 22.79 Bn | 1.05 Bn | 69.58% |
| 9 | Vivmark Residential | 22.20 Bn | 22.20 Bn | - | - |
| 10 | Innovative Industrial Properties | 1.46 Bn | 1.46 Bn | - | 95.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 95.15% |
| Mar 31, 2026 | 74.63% |
| Dec 31, 2025 | 75.59% |
| Sep 30, 2025 | 74.29% |
| Jun 30, 2025 | 75.37% |
| Mar 31, 2025 | 73.00% |
| Dec 31, 2024 | 78.51% |
| Sep 30, 2024 | 78.28% |
| Jun 30, 2024 | 74.97% |
| Mar 31, 2024 | 78.44% |
| Dec 31, 2023 | 77.13% |
| Sep 30, 2023 | 77.77% |
| Jun 30, 2023 | 78.64% |
| Mar 31, 2023 | 78.97% |
| Dec 31, 2022 | 85.92% |
| Sep 30, 2022 | 80.78% |
| Jun 30, 2022 | 84.21% |
| Mar 31, 2022 | 83.32% |
| Dec 31, 2021 | 85.96% |
| Sep 30, 2021 | 87.61% |
API Access
Innovative Industrial Properties EBITDA 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=ebitda-margin&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-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=ebitda-margin&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();