Innovative Industrial Properties (IIPR) EBITDA Margin (2017 - 2026)
Innovative Industrial Properties' EBITDA Margin was 77.90% in Q3 2026, up 2.86 percentage points from 75.04% a year earlier but down 19.17 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 81.49% through Sep 30, 2026, up 5.44 percentage points year-over-year; for FY2025, it came in at 75.27%, down 2.79 percentage points from FY2024.
- EBITDA Margin has now declined for four consecutive years, with a five-year change of -10.10 percentage points (FY2020 to FY2025).
- In earlier years, EBITDA Margin was 78.06% in FY2024 (-0.50 pp), 78.56% in FY2023 (-5.48 pp), 84.05% in FY2022 (-3.95 pp) and 88.00% in FY2021 (+2.62 pp).
- Quarterly EBITDA Margin has moved between 73.65% (Q1 2025) and 97.07% (Q2 2026) over five years.
- Compared with a year earlier, EBITDA Margin has increased for three straight quarters, with an average year-over-year change of +2.01 percentage points over the last eight quarters.
- The best year-over-year quarter for EBITDA Margin over five years was Q2 2026 (a gain of 20.94 percentage points); the worst was Q4 2023 (a drop of 8.82 percentage points).
- Per Business Quant data, IIPR's EBITDA Margin in the three quarters before Q3 2026 was 97.07% (Q2 2026), 75.47% (Q1 2026) and 76.44% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 177.74 Bn | 163.76 Bn | 1.47 Bn | 28.40% |
| 2 | Prologis | 120.05 Bn | 114.00 Bn | - | 74.40% |
| 3 | Simon Property | 74.18 Bn | 70.24 Bn | - | 71.71% |
| 4 | Public Storage | 62.09 Bn | 60.82 Bn | - | 53.64% |
| 5 | Realty Income | 55.76 Bn | 54.03 Bn | - | 90.88% |
| 6 | Ventas | 45.60 Bn | 44.27 Bn | - | 36.44% |
| 7 | Extra Space Storage | 33.58 Bn | 32.49 Bn | 650.96 Mn | 66.44% |
| 8 | Vici Properties | 27.29 Bn | 25.64 Bn | 1.06 Bn | 53.36% |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - | - |
| 10 | Innovative Industrial Properties | 1.50 Bn | 1.01 Bn | - | 77.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 77.90% |
| Jun 30, 2026 | 97.07% |
| Mar 31, 2026 | 75.47% |
| Dec 31, 2025 | 76.44% |
| Sep 30, 2025 | 75.04% |
| Jun 30, 2025 | 76.12% |
| Mar 31, 2025 | 73.65% |
| Dec 31, 2024 | 79.10% |
| Sep 30, 2024 | 78.82% |
| Jun 30, 2024 | 75.46% |
| Mar 31, 2024 | 78.97% |
| Dec 31, 2023 | 77.57% |
| Sep 30, 2023 | 78.21% |
| Jun 30, 2023 | 79.09% |
| Mar 31, 2023 | 79.42% |
| Dec 31, 2022 | 86.39% |
| Sep 30, 2022 | 81.24% |
| Jun 30, 2022 | 84.67% |
| Mar 31, 2022 | 83.89% |
| Dec 31, 2021 | 87.38% |
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();