Innovative Industrial Properties (IIPR) FCF Payout Ratio (2017 - 2026)

Innovative Industrial Properties (IIPR) reported FCF Payout Ratio of 1.01 for Q1 2026, down 13.38% on a YoY basis from 1.17 in Q1 2025, and down 35.32% sequentially from 1.57 in Q4 2025.

Innovative Industrial Properties (IIPR) FCF Payout Ratio (2017 - 2026) Analysis & Trends

Innovative Industrial Properties (IIPR) has 10 years of FCF Payout Ratio data on file, last reported at 1.01 in Q1 2026.

  • For the quarter ending Q1 2026, FCF Payout Ratio fell 13.38% year-over-year to 1.01; the trailing twelve-month figure through Mar 2026 stood at 1.19 (up 17.23% YoY), and the FY2025 full-year result was 1.24, up 40.01% from the prior year.
  • FCF Payout Ratio declined to 1.01 in Q1 2026, from 1.57 in the prior quarter.
  • In the past five years, FCF Payout Ratio ranged from a high of 3.8 in Q1 2022 to a low of 3.43 in Q2 2023.
  • A 5-year average of 0.86 and a median of 0.99 in 2025 frame the typical range for FCF Payout Ratio.
  • Across the five-year window, FCF Payout Ratio surged 596.69% in 2022 and tumbled 1168.39% in 2023, its largest moves.
  • Tracing IIPR's FCF Payout Ratio over 5 years: stood at 0.91 in 2022, then dropped by 14.59% to 0.78 in 2023, then soared by 33.47% to 1.04 in 2024, then soared by 50.61% to 1.57 in 2025, then sank by 35.32% to 1.01 in 2026.
  • Business Quant data shows IIPR's FCF Payout Ratio at 1.01 in Q1 2026, 1.57 in Q4 2025, and 0.99 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 Prologis 136.32 Bn 136.32 Bn 2.24 Bn 2.81
2 Public Storage 57.65 Bn 57.52 Bn 1.18 Bn 0.85
3 Extra Space Storage 31.63 Bn 31.63 Bn 617.72 Mn 0.71
4 Eastgroup Properties 11.40 Bn 11.40 Bn 193.10 Mn 0.47
5 CubeSmart 9.73 Bn 9.73 Bn 191.86 Mn 0.87
6 Lineage 9.53 Bn 9.46 Bn 417.00 Mn -2.42
7 Rexford Industrial Realty 8.92 Bn 8.87 Bn - 0.90
8 STAG Industrial 7.84 Bn 7.84 Bn - 0.32
9 Terreno Realty 7.65 Bn 7.65 Bn - 1.06
10 Innovative Industrial Properties 1.73 Bn 1.73 Bn - 1.01

Historic Data

Download Data
DateValue
Mar 31, 2026 1.01
Dec 31, 2025 1.57
Sep 30, 2025 0.99
Jun 30, 2025 1.35
Mar 31, 2025 1.17
Dec 31, 2024 1.04
Sep 30, 2024 0.61
Jun 30, 2024 1.99
Mar 31, 2024 0.73
Dec 31, 2023 0.78
Sep 30, 2023 0.36
Jun 30, 2023 -3.43
Mar 31, 2023 1.71
Dec 31, 2022 0.91
Sep 30, 2022 0.25
Jun 30, 2022 -0.27
Mar 31, 2022 3.80
Dec 31, 2021 -0.18
Sep 30, 2021 1.70
Jun 30, 2021 -1.32