Innovative Industrial Properties (IIPR) Net Income (2017 - 2026)
Innovative Industrial Properties (IIPR) posted Net Income of $31.9 million for Q3 2026, up 8.8% from $29.31 million a year earlier but down 27.3% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) Net Income (2017 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Net Income at Innovative Industrial Properties was $140.4 million, up 11.0% year-over-year; for FY2025, it was $118.25 million, down 26.9% from FY2024.
- Annual Net Income shows a five-year compound annual growth rate of 12.5% (FY2020 to FY2025).
- In prior years, Innovative Industrial Properties' Net Income was $161.66 million in FY2024 (-2.4%), $165.59 million in FY2023 (+7.3%), $154.39 million in FY2022 (+35.4%) and $113.99 million in FY2021 (+73.4%).
- Quarterly Net Income has run from a low of $26.02 million in Q2 2025 to a high of $43.85 million in Q2 2026 over five years.
- On a year-over-year basis, Net Income has increased in each of the last three quarters, with an average decline of 3.5% over the last eight quarters.
- The strongest year-over-year quarter for Net Income in the past five years was Q2 2026, with growth of 68.5%; the weakest was Q2 2025, with a decline of 38.0%.
- According to Business Quant data, Net Income for the three prior quarters was $43.85 million (Q2 2026), $32.81 million (Q1 2026) and $31.84 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 177.74 Bn | 163.76 Bn | 1.47 Bn | 414.82 Mn |
| 2 | Prologis | 120.05 Bn | 114.00 Bn | - | 879.90 Mn |
| 3 | Simon Property | 74.18 Bn | 70.24 Bn | - | 574.13 Mn |
| 4 | Public Storage | 62.09 Bn | 60.82 Bn | - | 378.35 Mn |
| 5 | Realty Income | 55.76 Bn | 54.03 Bn | - | 432.14 Mn |
| 6 | Ventas | 45.60 Bn | 44.27 Bn | - | 67.28 Mn |
| 7 | Extra Space Storage | 33.58 Bn | 32.49 Bn | 650.96 Mn | 259.45 Mn |
| 8 | Vici Properties | 27.29 Bn | 25.64 Bn | 1.06 Bn | 346.85 Mn |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - | 117.74 Mn |
| 10 | Innovative Industrial Properties | 1.50 Bn | 1.01 Bn | - | 31.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 31.90 Mn |
| Jun 30, 2026 | 43.85 Mn |
| Mar 31, 2026 | 32.81 Mn |
| Dec 31, 2025 | 31.84 Mn |
| Sep 30, 2025 | 29.31 Mn |
| Jun 30, 2025 | 26.02 Mn |
| Mar 31, 2025 | 31.08 Mn |
| Dec 31, 2024 | 40.03 Mn |
| Sep 30, 2024 | 40.22 Mn |
| Jun 30, 2024 | 41.99 Mn |
| Mar 31, 2024 | 39.43 Mn |
| Dec 31, 2023 | 41.63 Mn |
| Sep 30, 2023 | 41.59 Mn |
| Jun 30, 2023 | 41.27 Mn |
| Mar 31, 2023 | 41.09 Mn |
| Dec 31, 2022 | 41.51 Mn |
| Sep 30, 2022 | 37.62 Mn |
| Jun 30, 2022 | 40.21 Mn |
| Mar 31, 2022 | 35.05 Mn |
| Dec 31, 2021 | 28.63 Mn |
API Access
Innovative Industrial Properties Net Income 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=net-income&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income", "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=net-income&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();