Innovative Industrial Properties (IIPR) Net Margin (2017 - 2026)
Innovative Industrial Properties (IIPR) recorded Net Margin of 44.22% in Q3 2026, up 0.49 percentage points from 43.73% a year earlier but down 20.01 percentage points from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) Net Margin (2017 - 2026) Analysis & Trends
On a TTM basis, Innovative Industrial Properties' Net Margin came in at 49.35% as of Sep 30, 2026, up 4.72 percentage points year-over-year; for FY2025, it came in at 43.03%, down 8.79 percentage points from FY2024.
- Annual Net Margin has declined for three straight years, with a five-year change of -12.04 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 51.81% in FY2024 (-1.25 pp), 53.06% in FY2023 (-2.31 pp), 55.38% in FY2022 (+0.31 pp) and 55.07% in FY2021 (-0.01 pp).
- Quarterly Net Margin has ranged from 39.98% in Q2 2025 to 64.23% in Q2 2026 over the past five years.
- On a year-over-year basis, Net Margin has increased for three consecutive quarters, with an average year-over-year change of -1.22 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 24.24 percentage points in Q2 2026, against a drop of 12.22 percentage points in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 64.23% (Q2 2026), 43.71% (Q1 2026) and 46.06% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 177.74 Bn | 163.76 Bn | 1.47 Bn | 10.67% |
| 2 | Prologis | 120.05 Bn | 114.00 Bn | - | 34.17% |
| 3 | Simon Property | 74.18 Bn | 70.24 Bn | - | 26.98% |
| 4 | Public Storage | 62.09 Bn | 60.82 Bn | - | 22.86% |
| 5 | Realty Income | 55.76 Bn | 54.03 Bn | - | 24.91% |
| 6 | Ventas | 45.60 Bn | 44.27 Bn | - | 3.57% |
| 7 | Extra Space Storage | 33.58 Bn | 32.49 Bn | 650.96 Mn | 27.84% |
| 8 | Vici Properties | 27.29 Bn | 25.64 Bn | 1.06 Bn | 32.15% |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - | - |
| 10 | Innovative Industrial Properties | 1.50 Bn | 1.01 Bn | - | 44.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 44.22% |
| Jun 30, 2026 | 64.23% |
| 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% |
API Access
Innovative Industrial Properties Net Margin 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-margin&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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-margin&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();