Innovative Industrial Properties (IIPR) Interest Coverage Ratio (2017 - 2026)
Innovative Industrial Properties (IIPR) posted Interest Coverage Ratio of 5.12 for Q1 2026, up 8.08% sequentially from 4.73 in Q4 2025, and down 32.2% YoY from 7.55 in Q1 2025.
Innovative Industrial Properties (IIPR) Interest Coverage Ratio (2017 - 2026) Analysis & Trends
Innovative Industrial Properties has reported Interest Coverage Ratio for 9 years, with the latest figure at 5.12 in Q1 2026.
- Quarterly Interest Coverage Ratio fell 32.2% year-over-year to 5.12 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 5.56 (down 37.51% YoY) and the FY2025 annual result came in at 6.15, down 35.48% from the prior year.
- Interest Coverage Ratio rose to 5.12 in Q1 2026 per IIPR's latest filing, from 4.73 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 10.6 in Q4 2023 and troughed at 4.73 in Q4 2025.
- A 5-year average of 8.54 and a median of 9.48 in 2024 frame the typical range for Interest Coverage Ratio.
- The sharpest annual moves came in 2022 and 2025: Interest Coverage Ratio jumped 59.3% in 2022, then sank 46.36% in 2025.
- Over 5 years, Interest Coverage Ratio stood at 9.79 in 2022, then advanced by 8.3% to 10.6 in 2023, then retreated by 16.76% to 8.83 in 2024, then tumbled by 46.36% to 4.73 in 2025, then increased by 8.08% to 5.12 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 5.12, 4.73, and 6.5 for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 131.96 Bn | 131.96 Bn | 2.41 Bn | 4.53 |
| 2 | Public Storage | 56.63 Bn | 56.37 Bn | 1.20 Bn | 5.50 |
| 3 | Extra Space Storage | 30.94 Bn | 30.94 Bn | 642.43 Mn | - |
| 4 | Eastgroup Properties | 10.77 Bn | 10.77 Bn | 193.10 Mn | 8.74 |
| 5 | Lineage | 9.48 Bn | 9.42 Bn | 425.00 Mn | - |
| 6 | CubeSmart | 9.27 Bn | 9.27 Bn | 190.47 Mn | 0.70 |
| 7 | Rexford Industrial Realty | 8.33 Bn | 8.33 Bn | - | - |
| 8 | Terreno Realty | 7.24 Bn | 7.24 Bn | - | - |
| 9 | STAG Industrial | 7.00 Bn | 7.00 Bn | - | - |
| 10 | Innovative Industrial Properties | 1.62 Bn | 1.62 Bn | - | 4.97 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.66 |
| Mar 31, 2026 | 5.12 |
| Dec 31, 2025 | 4.73 |
| Sep 30, 2025 | 6.50 |
| Jun 30, 2025 | 6.50 |
| Mar 31, 2025 | 7.55 |
| Dec 31, 2024 | 8.83 |
| Sep 30, 2024 | 9.48 |
| Jun 30, 2024 | 9.80 |
| Mar 31, 2024 | 9.58 |
| Dec 31, 2023 | 10.60 |
| Sep 30, 2023 | 10.13 |
| Jun 30, 2023 | 9.71 |
| Mar 31, 2023 | 9.59 |
| Dec 31, 2022 | 9.79 |
| Sep 30, 2022 | 9.16 |
| Jun 30, 2022 | 9.80 |
| Mar 31, 2022 | 8.37 |
| Dec 31, 2021 | 6.19 |
| Sep 30, 2021 | 5.75 |