Innovative Industrial Properties (IIPR) Net Margin (2017 - 2026)

Innovative Industrial Properties (IIPR) reported Net Margin of 43.71% for Q1 2026, up 146.0% on a YoY basis from 17.77% in Q1 2025, and down 5.12% sequentially from 46.06% in Q4 2025.

Innovative Industrial Properties (IIPR) Net Margin (2017 - 2026) Analysis & Trends

Innovative Industrial Properties (IIPR) has 10 years of Net Margin data on file, last reported at 43.71% in Q1 2026.

  • For the quarter ending Q1 2026, Net Margin rose 146.0% year-over-year to 43.71%; the trailing twelve-month figure through Mar 2026 stood at 43.42% (down 614.0% YoY), and the FY2025 full-year result was 43.03%, down 879.0% from the prior year.
  • Net Margin eased to 43.71% in Q1 2026, from 46.06% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 58.43% in Q4 2022 to a low of 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.
  • Across the five-year window, Net Margin surged 1043 bps in 2022 and plunged 1222 bps in 2025, its largest moves.
  • Tracing IIPR's Net Margin over 5 years: stood at 58.43% in 2022, then retreated by 11 bps to 52.17% in 2023, then decreased by 1 bps to 51.42% in 2024, then decreased by 10 bps to 46.06% in 2025, then declined by 5 bps to 43.71% in 2026.
  • Business Quant data shows IIPR's Net Margin at 43.71% in Q1 2026, 46.06% in Q4 2025, and 43.73% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Prologis 136.72 Bn 136.72 Bn 2.24 Bn 62.07%
2 Public Storage 56.92 Bn 56.79 Bn 1.18 Bn 39.15%
3 Extra Space Storage 31.35 Bn 31.35 Bn 617.72 Mn 27.62%
4 Eastgroup Properties 11.31 Bn 11.31 Bn 193.10 Mn 39.06%
5 Lineage 9.72 Bn 9.65 Bn 417.00 Mn -3.93%
6 CubeSmart 9.62 Bn 9.62 Bn 191.86 Mn -0.18%
7 Rexford Industrial Realty 8.86 Bn 8.81 Bn - -
8 STAG Industrial 7.76 Bn 7.76 Bn - 27.64%
9 Terreno Realty 7.66 Bn 7.66 Bn - 55.54%
10 Innovative Industrial Properties 1.72 Bn 1.72 Bn - 43.71%

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 59.35%