Innovative Industrial Properties (IIPR) EV to FCF (2023 - 2026)
Innovative Industrial Properties' (IIPR) EV to FCF was 6.83 for Q3 2026, down 27.8% from 9.47 a year earlier and down 15.5% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) EV to FCF (2023 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Innovative Industrial Properties' EV to FCF came in at 5.05, down 27.2% year-over-year; for FY2025, it was 7.67, down 22.0% from FY2024.
- By year, EV to FCF came in at 9.83 in FY2024 (-74.1%) and 37.90 in FY2023.
- The Q3 2026 figure ranks as the lowest quarterly EV to FCF in data going back to Q3 2023.
- Year over year, EV to FCF has now declined in each of the last nine quarters, with an average decline of 36.8% over the last eight quarters.
- The year-over-year decline in EV to FCF has ranged between 5.1% (Q2 2026) and 77.2% (Q3 2024) over the last five years.
- Per Business Quant data, the three quarters before Q3 2026 came in at 8.09 (Q2 2026), 7.29 (Q1 2026) and 7.67 (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 | 6.83 |
| Jun 30, 2026 | 8.09 |
| Mar 31, 2026 | 7.29 |
| Dec 31, 2025 | 7.67 |
| Sep 30, 2025 | 9.47 |
| Jun 30, 2025 | 8.52 |
| Mar 31, 2025 | 8.82 |
| Dec 31, 2024 | 9.83 |
| Sep 30, 2024 | 19.42 |
| Jun 30, 2024 | 16.64 |
| Mar 31, 2024 | 17.04 |
| Dec 31, 2023 | 37.90 |
| Sep 30, 2023 | 85.27 |
API Access
Innovative Industrial Properties EV to FCF 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-fcf&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();