Innovative Industrial Properties (IIPR) EBT Margin (2017 - 2026)
Innovative Industrial Properties' EBT Margin came in at 49.13% for Q3 2026, up 3.83 percentage points from 45.30% a year earlier but down 20.13 percentage points from the prior quarter.
Innovative Industrial Properties (IIPR) EBT Margin (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Innovative Industrial Properties reported EBT Margin of 53.20%, up 7.40 percentage points year-over-year; for FY2025, it came in at 44.46%, down 7.94 percentage points from FY2024.
- EBT Margin has declined in each of the last four years, with a five-year change of -11.77 percentage points (FY2020 to FY2025).
- Going back by year, EBT Margin was 52.40% in FY2024 (-1.09 pp), 53.49% in FY2023 (-2.42 pp), 55.91% in FY2022 (-1.62 pp) and 57.53% in FY2021 (+1.30 pp).
- The five-year range for quarterly EBT Margin is 41.38% (Q2 2025) to 69.26% (Q2 2026).
- Year-over-year, EBT Margin has increased for three consecutive quarters, with an average year-over-year change of +0.46 percentage points over the last eight quarters.
- The fastest year-over-year change in EBT Margin over five years came in Q2 2026 (a gain of 27.88 percentage points), and the weakest in Q2 2025 (a drop of 11.25 percentage points).
- Business Quant data shows IIPR's EBT Margin at 69.26% (Q2 2026), 47.55% (Q1 2026) and 47.77% (Q4 2025) in the three quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 177.74 Bn | 163.76 Bn | 1.47 Bn | 9.10% |
| 2 | Prologis | 120.05 Bn | 114.00 Bn | - | 40.96% |
| 3 | Simon Property | 74.18 Bn | 70.24 Bn | - | 30.32% |
| 4 | Public Storage | 62.09 Bn | 60.82 Bn | - | 26.59% |
| 5 | Realty Income | 55.76 Bn | 54.03 Bn | - | 28.10% |
| 6 | Ventas | 45.60 Bn | 44.27 Bn | - | 2.87% |
| 7 | Extra Space Storage | 33.58 Bn | 32.49 Bn | 650.96 Mn | 30.16% |
| 8 | Vici Properties | 27.29 Bn | 25.64 Bn | 1.06 Bn | 32.80% |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - | - |
| 10 | Innovative Industrial Properties | 1.50 Bn | 1.01 Bn | - | 49.13% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 49.13% |
| Jun 30, 2026 | 69.26% |
| Mar 31, 2026 | 47.55% |
| Dec 31, 2025 | 47.77% |
| Sep 30, 2025 | 45.30% |
| Jun 30, 2025 | 41.38% |
| Mar 31, 2025 | 43.33% |
| Dec 31, 2024 | 52.15% |
| Sep 30, 2024 | 52.55% |
| Jun 30, 2024 | 52.63% |
| Mar 31, 2024 | 52.25% |
| Dec 31, 2023 | 52.60% |
| Sep 30, 2023 | 53.44% |
| Jun 30, 2023 | 53.98% |
| Mar 31, 2023 | 53.99% |
| Dec 31, 2022 | 58.91% |
| Sep 30, 2022 | 53.07% |
| Jun 30, 2022 | 57.04% |
| Mar 31, 2022 | 54.52% |
| Dec 31, 2021 | 54.84% |
Innovative Industrial Properties EBT 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=ebt-margin&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();