Innovative Industrial Properties (IIPR) Interest Expense (2020 - 2025)
Innovative Industrial Properties (IIPR) recorded Interest Expenses of $11.82 million in Q3 2026, up 161.2% from $4.53 million a year earlier and up 41.6% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) Interest Expense (2020 - 2025) Analysis & Trends
On a TTM basis, Innovative Industrial Properties' Interest Expenses came in at $33.33 million as of Sep 30, 2026, up 85.1% year-over-year; for FY2025, it was $20.2 million, up 14.3% from FY2024.
- Annual Interest Expenses has a five-year compound annual growth rate of 22.1% (FY2020 to FY2025).
- Across earlier years, Interest Expenses came in at $17.67 million in FY2024 (+1.2%), $17.47 million in FY2023 (-4.6%), $18.3 million in FY2022 (+1.2%) and $18.09 million in FY2021 (+143.4%).
- The Q3 2026 figure is the highest quarterly Interest Expenses in data going back to Q1 2019.
- On a year-over-year basis, Interest Expenses has increased for nine consecutive quarters, with growth averaging 44.7% over the last eight quarters.
- Peak year-over-year performance for Interest Expenses in the last five years was growth of 232.9% in Q4 2021, against a decline of 28.5% in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $8.35 million (Q2 2026), $6.43 million (Q1 2026) and $6.73 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 177.74 Bn | 163.76 Bn | 1.47 Bn | - |
| 2 | Prologis | 120.05 Bn | 114.00 Bn | - | 286.96 Mn |
| 3 | Simon Property | 74.18 Bn | 70.24 Bn | - | 281.16 Mn |
| 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 | 214.98 Mn |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - | 82.46 Mn |
| 10 | Innovative Industrial Properties | 1.50 Bn | 1.01 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2025 | 4.44 Mn |
| Mar 31, 2025 | 4.50 Mn |
| Mar 31, 2024 | 4.39 Mn |
| Dec 31, 2023 | 4.15 Mn |
| Sep 30, 2023 | 4.33 Mn |
| Mar 31, 2023 | 4.52 Mn |
| Sep 30, 2022 | 4.51 Mn |
| Jun 30, 2022 | 4.50 Mn |
| Mar 31, 2022 | 4.77 Mn |
| Dec 31, 2021 | 6.21 Mn |
| Sep 30, 2021 | 6.31 Mn |
| Jun 30, 2021 | 3.69 Mn |
| Mar 31, 2021 | 1.87 Mn |
| Dec 31, 2020 | 1.87 Mn |
| Sep 30, 2020 | 1.86 Mn |
API Access
Innovative Industrial Properties Interest Expense 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-expense&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense", "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-expense&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();