Innovative Industrial Properties (IIPR) Interest Coverage Ratio (2019 - 2026)
Innovative Industrial Properties' Interest Coverage Ratio came in at 4.97 for Q2 2026, down 23.6% from 6.50 a year earlier and down 3.0% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) Interest Coverage Ratio (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Innovative Industrial Properties reported Interest Coverage Ratio of 5.21, down 36.5% year-over-year; for FY2025, it was 6.15, down 35.5% from FY2024.
- Going back by year, Interest Coverage Ratio was 9.53 in FY2024 (-4.7%), 10.00 in FY2023 (+7.8%), 9.27 in FY2022 (+23.8%) and 7.48 in FY2021 (-20.2%).
- The five-year range for quarterly Interest Coverage Ratio is 4.73 (Q4 2025) to 10.60 (Q4 2023).
- Year-over-year, Interest Coverage Ratio has declined for eight consecutive quarters, with an average decline of 26.3% over the last eight quarters.
- The fastest year-over-year change in Interest Coverage Ratio over five years came in Q3 2022 (growth of 59.3%), and the weakest in Q4 2021 (a decline of 49.5%).
- Business Quant data shows IIPR's Interest Coverage Ratio at 5.12 (Q1 2026), 4.73 (Q4 2025) and 6.50 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 157.27 Bn | 138.76 Bn | 1.39 Bn | - |
| 2 | Prologis | 119.02 Bn | 119.02 Bn | - | 4.53 |
| 3 | Simon Property | 64.22 Bn | 64.22 Bn | - | 2.76 |
| 4 | Realty Income | 49.78 Bn | 49.78 Bn | - | 2.27 |
| 5 | Public Storage | 49.58 Bn | 48.57 Bn | - | 5.50 |
| 6 | Ventas | 39.19 Bn | 37.87 Bn | - | 1.34 |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | - |
| 8 | Vici Properties | 24.68 Bn | 22.79 Bn | 1.05 Bn | 3.50 |
| 9 | Vivmark Residential | 22.20 Bn | 22.20 Bn | - | 2.46 |
| 10 | Innovative Industrial Properties | 1.46 Bn | 1.46 Bn | - | 4.97 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.97 |
| 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 | 9.26 |
| 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 |
API Access
Innovative Industrial Properties Interest Coverage Ratio 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=interest-coverage-ratio&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "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=interest-coverage-ratio&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();