Innovative Industrial Properties (IIPR) EV to EBITDA (2017 - 2026)
Innovative Industrial Properties' (IIPR) EV to EBITDA stood at 6.09 in Q3 2026, down 12.4% from 6.95 a year earlier and down 13.7% from the prior quarter.
Powered by 
Analysis
Innovative Industrial Properties (IIPR) EV to EBITDA (2017 - 2026) Analysis & Trends
On a TTM basis, Innovative Industrial Properties' EV to EBITDA came in at 4.51 as of Sep 30, 2026, down 11.6% year-over-year; for FY2025, it was 6.39, down 11.4% from FY2024.
- Across earlier years, EV to EBITDA came in at 7.21 in FY2024 (-34.4%), 11.00 in FY2023 (+0.3%), 10.96 in FY2022 (-68.8%) and 35.13 in FY2021 (+24.5%).
- The Q3 2026 figure is the lowest quarterly EV to EBITDA since Q1 2025.
- On a year-over-year basis, EV to EBITDA rose in two of the last eight quarters, with an average decline of 23.2%.
- Peak year-over-year performance for EV to EBITDA in the last five years was growth of 86.5% in Q3 2024, against a decline of 68.8% in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.06 (Q2 2026), 6.67 (Q1 2026) and 6.39 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Welltower | 177.74 Bn | 163.76 Bn | 1.47 Bn |
| 2 | Prologis | 120.05 Bn | 114.00 Bn | - |
| 3 | Simon Property | 74.18 Bn | 70.24 Bn | - |
| 4 | Public Storage | 62.09 Bn | 60.82 Bn | - |
| 5 | Realty Income | 55.76 Bn | 54.03 Bn | - |
| 6 | Ventas | 45.60 Bn | 44.27 Bn | - |
| 7 | Extra Space Storage | 33.58 Bn | 32.49 Bn | 650.96 Mn |
| 8 | Vici Properties | 27.29 Bn | 25.64 Bn | 1.06 Bn |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - |
| 10 | Innovative Industrial Properties | 1.50 Bn | 1.01 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.09 |
| Jun 30, 2026 | 7.06 |
| Mar 31, 2026 | 6.67 |
| Dec 31, 2025 | 6.39 |
| Sep 30, 2025 | 6.95 |
| Jun 30, 2025 | 6.50 |
| Mar 31, 2025 | 5.99 |
| Dec 31, 2024 | 7.21 |
| Sep 30, 2024 | 15.08 |
| Jun 30, 2024 | 12.12 |
| Mar 31, 2024 | 11.39 |
| Dec 31, 2023 | 11.00 |
| Sep 30, 2023 | 8.08 |
| Jun 30, 2023 | 7.86 |
| Mar 31, 2023 | 8.08 |
| Dec 31, 2022 | 10.96 |
| Sep 30, 2022 | 9.68 |
| Jun 30, 2022 | 12.74 |
| Mar 31, 2022 | 25.92 |
| Dec 31, 2021 | 35.13 |
API Access
Innovative Industrial Properties EV to EBITDA 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=ev-to-ebitda&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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=ev-to-ebitda&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();