Innovative Industrial Properties (IIPR) Interest Expense (in Operating Expenses) (2019 - 2026)
Innovative Industrial Properties' Interest Expense (in Operating Expenses) was $11.82 million in Q3 2026, up 161.2% from $4.53 million a year earlier and up 41.6% from the prior quarter.
Innovative Industrial Properties (IIPR) Interest Expense (in Operating Expenses) (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, Innovative Industrial Properties' Interest Expense (in Operating Expenses) was $33.33 million through Sep 30, 2026, up 87.1% year-over-year; for FY2025, it was $20.2 million, up 14.3% from FY2024.
- In earlier years, Interest Expense (in Operating Expenses) was $17.67 million in FY2024.
- The Q3 2026 figure marks the highest quarterly Interest Expense (in Operating Expenses) in data going back to Q1 2019.
- Per Business Quant data, IIPR's Interest Expense (in Operating Expenses) in the three quarters before Q3 2026 was $8.35 million (Q2 2026), $6.43 million (Q1 2026) and $6.73 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Op.) (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 | - | 102.53 Mn |
| 5 | Realty Income | 55.76 Bn | 54.03 Bn | - | 333.56 Mn |
| 6 | Ventas | 45.60 Bn | 44.27 Bn | - | 161.39 Mn |
| 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 | - | 11.82 Mn |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 11.82 Mn |
| Jun 30, 2026 | 8.35 Mn |
| Mar 31, 2026 | 6.43 Mn |
| Dec 31, 2025 | 6.73 Mn |
| Sep 30, 2025 | 4.53 Mn |
| Dec 31, 2024 | 4.54 Mn |
| Sep 30, 2024 | 4.43 Mn |
| Jun 30, 2024 | 4.32 Mn |
| Jun 30, 2023 | 4.47 Mn |
| Dec 31, 2022 | 4.52 Mn |
| Jun 30, 2020 | 1.86 Mn |
| Mar 31, 2020 | 1.85 Mn |
| Dec 31, 2019 | 1.84 Mn |
| Sep 30, 2019 | 1.84 Mn |
| Jun 30, 2019 | 1.83 Mn |
| Mar 31, 2019 | 792,000.00 |
Innovative Industrial Properties Interest Expense (in Operating Expenses) 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-in-operating-expenses&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-in-operating-expenses", "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-in-operating-expenses&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();