Innovative Industrial Properties (IIPR) Net Margin (2017 - 2026)
Innovative Industrial Properties (IIPR) posted Net Margin of 43.71% for Q1 2026, down 5.12% sequentially from 46.06% in Q4 2025, and up 146.0% YoY from 17.77% in Q1 2025.
Innovative Industrial Properties (IIPR) Net Margin (2017 - 2026) Analysis & Trends
Innovative Industrial Properties has reported Net Margin for 10 years, with the latest figure at 43.71% in Q1 2026.
- Quarterly Net Margin rose 146.0% year-over-year to 43.71% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 43.42% (down 614.0% YoY) and the FY2025 annual result came in at 43.03%, down 879.0% from the prior year.
- Net Margin eased to 43.71% in Q1 2026 per IIPR's latest filing, from 46.06% in the prior quarter.
- Over five years, Net Margin peaked at 58.43% in Q4 2022 and troughed at 39.98% in Q2 2025.
- A 5-year average of 50.39% and a median of 52.17% in 2023 frame the typical range for Net Margin.
- The sharpest annual moves came in 2022 and 2025: Net Margin jumped 1043 bps in 2022, then slumped 1222 bps in 2025.
- Over 5 years, Net Margin stood at 58.43% in 2022, then dropped by 11 bps to 52.17% in 2023, then declined by 1 bps to 51.42% in 2024, then declined by 10 bps to 46.06% in 2025, then decreased by 5 bps to 43.71% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 43.71%, 46.06%, and 43.73% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 131.18 Bn | 131.18 Bn | 2.41 Bn | 43.74% |
| 2 | Public Storage | 56.71 Bn | 56.45 Bn | 1.20 Bn | 36.52% |
| 3 | Extra Space Storage | 31.13 Bn | 31.13 Bn | 642.43 Mn | 29.68% |
| 4 | Eastgroup Properties | 10.82 Bn | 10.82 Bn | 193.10 Mn | 39.06% |
| 5 | Lineage | 9.47 Bn | 9.41 Bn | 425.00 Mn | -2.35% |
| 6 | CubeSmart | 9.34 Bn | 9.34 Bn | 190.47 Mn | -0.18% |
| 7 | Rexford Industrial Realty | 8.31 Bn | 8.31 Bn | - | -206.47% |
| 8 | Terreno Realty | 7.29 Bn | 7.29 Bn | - | 45.96% |
| 9 | STAG Industrial | 6.97 Bn | 6.97 Bn | - | 23.57% |
| 10 | Innovative Industrial Properties | 1.61 Bn | 1.61 Bn | - | 64.23% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 59.51% |
| Mar 31, 2026 | 43.71% |
| Dec 31, 2025 | 46.06% |
| Sep 30, 2025 | 43.73% |
| Jun 30, 2025 | 39.98% |
| Mar 31, 2025 | 42.24% |
| Dec 31, 2024 | 51.42% |
| Sep 30, 2024 | 51.81% |
| Jun 30, 2024 | 52.20% |
| Mar 31, 2024 | 51.81% |
| Dec 31, 2023 | 52.17% |
| Sep 30, 2023 | 53.01% |
| Jun 30, 2023 | 53.53% |
| Mar 31, 2023 | 53.58% |
| Dec 31, 2022 | 58.43% |
| Sep 30, 2022 | 52.59% |
| Jun 30, 2022 | 56.55% |
| Mar 31, 2022 | 53.81% |
| Dec 31, 2021 | 48.00% |
| Sep 30, 2021 | 55.25% |