Innovative Industrial Properties (IIPR) Net Margin (2017 - 2026)
Innovative Industrial Properties (IIPR) recorded Net Margin of 64.23% in Q2 2026, up 24.24 percentage points from 39.98% a year earlier and up 20.52 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 49.24% as of Jun 30, 2026, up 2.50 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).
- The Q2 2026 figure is the highest quarterly Net Margin in data going back to Q1 2017.
- On a year-over-year basis, Net Margin rose in two of the last eight quarters, with an average year-over-year change of -1.43 percentage points.
- 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 43.71% (Q1 2026), 46.06% (Q4 2025) and 43.73% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 157.27 Bn | 138.76 Bn | 1.39 Bn | 12.55% |
| 2 | Prologis | 119.02 Bn | 119.02 Bn | - | 43.74% |
| 3 | Simon Property | 64.22 Bn | 64.22 Bn | - | 27.29% |
| 4 | Realty Income | 49.78 Bn | 49.78 Bn | - | 22.22% |
| 5 | Public Storage | 49.58 Bn | 48.57 Bn | - | 36.52% |
| 6 | Ventas | 39.19 Bn | 37.87 Bn | - | 4.08% |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 30.14% |
| 8 | Vici Properties | 24.68 Bn | 22.79 Bn | 1.05 Bn | 49.74% |
| 9 | Vivmark Residential | 22.20 Bn | 22.20 Bn | - | - |
| 10 | Innovative Industrial Properties | 1.46 Bn | 1.46 Bn | - | 64.23% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 55.25% |
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();