Innovative Industrial Properties (IIPR) Free Cash Flow (2017 - 2026)
Innovative Industrial Properties (IIPR) posted Free Cash Flow of $47.01 million for Q3 2026, up 14.2% from $41.16 million a year earlier and up 6.2% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) Free Cash Flow (2017 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Free Cash Flow at Innovative Industrial Properties was $191.81 million, up 24.4% year-over-year; for FY2025, it was $166.9 million, down 5.5% from FY2024.
- In prior years, Innovative Industrial Properties' Free Cash Flow was $176.7 million in FY2024 (+150.5%), $70.55 million in FY2023, -$289.84 million in FY2022 and -$473.38 million in FY2021.
- Quarterly Free Cash Flow has run from a low of -$229.3 million in Q4 2021 to a high of $56.22 million in Q3 2024 over five years.
- On a year-over-year basis, Free Cash Flow has increased in each of the last four quarters, with growth averaging 6.5% over the last eight quarters.
- The strongest year-over-year quarter for Free Cash Flow in the past five years was Q3 2023, with growth of 301.9%; the weakest was Q1 2025, with a decline of 32.2%.
- According to Business Quant data, Free Cash Flow for the three prior quarters was $44.28 million (Q2 2026), $53.08 million (Q1 2026) and $47.45 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 177.74 Bn | 163.76 Bn | 1.47 Bn | -2.92 Bn |
| 2 | Prologis | 120.05 Bn | 114.00 Bn | - | 207.06 Mn |
| 3 | Simon Property | 74.18 Bn | 70.24 Bn | - | 958.67 Mn |
| 4 | Public Storage | 62.09 Bn | 60.82 Bn | - | 845.17 Mn |
| 5 | Realty Income | 55.76 Bn | 54.03 Bn | - | -1.14 Bn |
| 6 | Ventas | 45.60 Bn | 44.27 Bn | - | -816.27 Mn |
| 7 | Extra Space Storage | 33.58 Bn | 32.49 Bn | 650.96 Mn | 378.47 Mn |
| 8 | Vici Properties | 27.29 Bn | 25.64 Bn | 1.06 Bn | 647.58 Mn |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - | 185.11 Mn |
| 10 | Innovative Industrial Properties | 1.50 Bn | 1.01 Bn | - | 47.01 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 47.01 Mn |
| Jun 30, 2026 | 44.28 Mn |
| Mar 31, 2026 | 53.08 Mn |
| Dec 31, 2025 | 47.45 Mn |
| Sep 30, 2025 | 41.16 Mn |
| Jun 30, 2025 | 40.94 Mn |
| Mar 31, 2025 | 37.34 Mn |
| Dec 31, 2024 | 34.72 Mn |
| Sep 30, 2024 | 56.22 Mn |
| Jun 30, 2024 | 30.70 Mn |
| Mar 31, 2024 | 55.06 Mn |
| Dec 31, 2023 | 45.50 Mn |
| Sep 30, 2023 | 45.04 Mn |
| Jun 30, 2023 | 16.33 Mn |
| Mar 31, 2023 | -36.32 Mn |
| Dec 31, 2022 | -2.05 Mn |
| Sep 30, 2022 | 11.21 Mn |
| Jun 30, 2022 | -181.66 Mn |
| Mar 31, 2022 | -117.33 Mn |
| Dec 31, 2021 | -229.30 Mn |
API Access
Innovative Industrial Properties Free Cash Flow 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=free-cash-flow&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();