Innovative Industrial Properties (IIPR) FCF Margin (2017 - 2026)
Innovative Industrial Properties (IIPR) recorded FCF Margin of 69.93% in Q2 2026, up 4.83 percentage points from 65.10% a year earlier but down 7.01 percentage points from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) FCF Margin (2017 - 2026) Analysis & Trends
On a TTM basis, Innovative Industrial Properties' FCF Margin came in at 70.54% as of Jun 30, 2026, up 7.06 percentage points year-over-year; for FY2025, it came in at 65.71%, up 2.39 percentage points from FY2024.
- Annual FCF Margin has increased for five straight years, with a five-year change of +218.58 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 63.32% in FY2024 (+29.25 pp), 34.07% in FY2023 (+84.64 pp), -50.57% in FY2022 (+40.26 pp) and -90.83% in FY2021 (+62.04 pp).
- Quarterly FCF Margin has ranged from -141.70% in Q2 2022 to 76.93% in Q1 2026 over the past five years.
- On a year-over-year basis, FCF Margin has increased for three consecutive quarters, with an average year-over-year change of +4.82 percentage points over the last eight quarters.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 163.07 percentage points in Q2 2023, against a drop of 57.58 percentage points in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 76.93% (Q1 2026), 71.19% (Q4 2025) and 63.63% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 157.27 Bn | 138.76 Bn | 1.39 Bn | 19.31% |
| 2 | Prologis | 119.02 Bn | 119.02 Bn | - | 22.56% |
| 3 | Simon Property | 64.22 Bn | 64.22 Bn | - | 35.57% |
| 4 | Realty Income | 49.78 Bn | 49.78 Bn | - | 70.29% |
| 5 | Public Storage | 49.58 Bn | 48.57 Bn | - | 65.90% |
| 6 | Ventas | 39.19 Bn | 37.87 Bn | - | 26.29% |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 63.45% |
| 8 | Vici Properties | 24.68 Bn | 22.79 Bn | 1.05 Bn | 66.74% |
| 9 | Vivmark Residential | 22.20 Bn | 22.20 Bn | - | - |
| 10 | Innovative Industrial Properties | 1.46 Bn | 1.46 Bn | - | 69.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 69.93% |
| Mar 31, 2026 | 76.93% |
| Dec 31, 2025 | 71.19% |
| Sep 30, 2025 | 63.63% |
| Jun 30, 2025 | 65.10% |
| Mar 31, 2025 | 63.02% |
| Dec 31, 2024 | 52.60% |
| Sep 30, 2024 | 73.46% |
| Jun 30, 2024 | 54.79% |
| Mar 31, 2024 | 72.97% |
| Dec 31, 2023 | 57.48% |
| Sep 30, 2023 | 57.87% |
| Jun 30, 2023 | 21.36% |
| Mar 31, 2023 | -1.85% |
| Dec 31, 2022 | -2.92% |
| Sep 30, 2022 | 44.77% |
| Jun 30, 2022 | -141.70% |
| Mar 31, 2022 | -107.76% |
| Dec 31, 2021 | -123.12% |
| Sep 30, 2021 | -93.89% |
API Access
Innovative Industrial Properties FCF 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=fcf-margin&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();