Innovative Industrial Properties (IIPR) Income from Continuing Operations (2017 - 2026)
Innovative Industrial Properties' Income from Continuing Operations 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.
Innovative Industrial Properties (IIPR) Income from Continuing Operations (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Innovative Industrial Properties reported Income from Continuing Operations of $140.4 million, up 11.0% year-over-year; for FY2025, it came in at $118.25 million, down 26.9% from FY2024.
- Income from Continuing Operations carries a five-year compound annual growth rate of 12.5% (FY2020 to FY2025).
- Going back by year, Income from Continuing Operations 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 Income from Continuing Operations is $26.02 million (Q2 2025) to $43.85 million (Q2 2026).
- Year-over-year, Income from Continuing Operations 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 Income from Continuing Operations 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 Income from Continuing Operations 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 Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Income (Continuing) (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 177.74 Bn | 163.76 Bn | 1.47 Bn | 414.82 Mn |
| 2 | Prologis | 120.05 Bn | 114.00 Bn | - | 879.90 Mn |
| 3 | Simon Property | 74.18 Bn | 70.24 Bn | - | 532.13 Mn |
| 4 | Public Storage | 62.09 Bn | 60.82 Bn | - | 378.35 Mn |
| 5 | Realty Income | 55.76 Bn | 54.03 Bn | - | 432.14 Mn |
| 6 | Ventas | 45.60 Bn | 44.27 Bn | - | 71.93 Mn |
| 7 | Extra Space Storage | 33.58 Bn | 32.49 Bn | 650.96 Mn | 256.32 Mn |
| 8 | Vici Properties | 27.29 Bn | 25.64 Bn | 1.06 Bn | 346.85 Mn |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - | 120.06 Mn |
| 10 | Innovative Industrial Properties | 1.50 Bn | 1.01 Bn | - | 31.90 Mn |
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 |
Innovative Industrial Properties Income from Continuing Operations 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-from-continuing-operations&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "income-from-continuing-operations", "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-from-continuing-operations&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();