Innovative Industrial Properties (IIPR) Income before Taxes (2017 - 2026)
Innovative Industrial Properties' EBT came in at $31.9 million for Q3 2026, up 8.8% from $29.31 million a year earlier but down 27.3% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) Income before Taxes (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Innovative Industrial Properties reported EBT of $140.4 million, up 11.0% year-over-year; for FY2025, it was $118.25 million, down 26.9% from FY2024.
- EBT carries a five-year compound annual growth rate of 12.5% (FY2020 to FY2025).
- Going back by year, EBT was $161.66 million in FY2024 (-2.4%), $165.57 million in FY2023 (+7.2%), $154.51 million in FY2022 (+31.3%) and $117.68 million in FY2021 (+79.0%).
- The five-year range for quarterly EBT is $26.02 million (Q2 2025) to $43.85 million (Q2 2026).
- Year-over-year, EBT has increased for three consecutive quarters, with an average decline of 3.5% over the last eight quarters.
- The fastest year-over-year change in EBT over five years came in Q2 2026 (growth of 68.5%), and the weakest in Q2 2025 (a decline of 38.0%).
- Business Quant data shows IIPR's EBT at $43.85 million (Q2 2026), $32.81 million (Q1 2026) and $31.84 million (Q4 2025) in the three quarters before Q3 2026.
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 | 31.90 Mn |
| Jun 30, 2026 | 43.85 Mn |
| Mar 31, 2026 | 32.81 Mn |
| Dec 31, 2025 | 31.84 Mn |
| Sep 30, 2025 | 29.31 Mn |
| Jun 30, 2025 | 26.02 Mn |
| Mar 31, 2025 | 31.08 Mn |
| Dec 31, 2024 | 40.03 Mn |
| Sep 30, 2024 | 40.22 Mn |
| Jun 30, 2024 | 41.99 Mn |
| Mar 31, 2024 | 39.43 Mn |
| Dec 31, 2023 | 41.63 Mn |
| Sep 30, 2023 | 41.59 Mn |
| Jun 30, 2023 | 41.27 Mn |
| Mar 31, 2023 | 41.07 Mn |
| Dec 31, 2022 | 41.51 Mn |
| Sep 30, 2022 | 37.62 Mn |
| Jun 30, 2022 | 40.22 Mn |
| Mar 31, 2022 | 35.17 Mn |
| Dec 31, 2021 | 32.32 Mn |
API Access
Innovative Industrial Properties Income before Taxes 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=income-before-taxes&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "income-before-taxes", "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=income-before-taxes&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();