Innovative Industrial Properties (IIPR) Lease Intangible Assets (2021 - 2026)
Innovative Industrial Properties (IIPR) recorded Intangibles of $3.73 million in Q3 2026, down 43.3% from $6.58 million a year earlier and down 32.4% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) Lease Intangible Assets (2021 - 2026) Analysis & Trends
At the end of FY2025, Innovative Industrial Properties reported Intangibles of $6.37 million, down 13.8% from FY2024.
- Annual Intangibles has declined for four straight years, with a four-year compound annual growth rate of -8.7% (FY2021 to FY2025).
- Across earlier years, Intangibles came in at $7.39 million in FY2024 (-10.4%), $8.25 million in FY2023 (-9.4%), $9.11 million in FY2022 (-0.5%) and $9.15 million in FY2021.
- The Q3 2026 figure is the lowest quarterly Intangibles in data going back to Q4 2021.
- On a year-over-year basis, Intangibles has declined for 16 consecutive quarters, with an average decline of 17.2% over the last eight quarters.
- The year-over-year decline in Intangibles has ranged between 0.5% (Q4 2022) and 43.3% (Q3 2026) over the last five years.
- Per Business Quant, the preceding three quarters came in at $5.52 million (Q2 2026), $6.16 million (Q1 2026) and $6.37 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 | - |
| 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 |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - |
| 10 | Innovative Industrial Properties | 1.50 Bn | 1.01 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.73 Mn |
| Jun 30, 2026 | 5.52 Mn |
| Mar 31, 2026 | 6.16 Mn |
| Dec 31, 2025 | 6.37 Mn |
| Sep 30, 2025 | 6.58 Mn |
| Jun 30, 2025 | 6.96 Mn |
| Mar 31, 2025 | 7.17 Mn |
| Dec 31, 2024 | 7.39 Mn |
| Sep 30, 2024 | 7.60 Mn |
| Jun 30, 2024 | 7.82 Mn |
| Mar 31, 2024 | 8.03 Mn |
| Dec 31, 2023 | 8.25 Mn |
| Sep 30, 2023 | 8.46 Mn |
| Jun 30, 2023 | 8.68 Mn |
| Mar 31, 2023 | 8.89 Mn |
| Dec 31, 2022 | 9.11 Mn |
| Sep 30, 2022 | 9.32 Mn |
| Jun 30, 2022 | 9.54 Mn |
| Mar 31, 2022 | 9.22 Mn |
| Dec 31, 2021 | 9.15 Mn |
API Access
Innovative Industrial Properties Lease Intangible Assets 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=lease-intangible-assets&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "lease-intangible-assets", "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=lease-intangible-assets&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();