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Innovative Industrial Properties (IIPR) Operating Expenses (2017 - 2025)

Innovative Industrial Properties' Operating Expenses history spans 9 years, with the latest figure at $34.5 million for Q4 2025.

  • For Q4 2025, Operating Expenses fell 0.72% year-over-year to $34.5 million; the TTM value through Dec 2025 reached $141.5 million, up 3.5%, while the annual FY2025 figure was $141.5 million, 3.5% up from the prior year.
  • Operating Expenses for Q4 2025 was $34.5 million at Innovative Industrial Properties, down from $35.3 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $37.8 million in Q1 2025 and bottomed at $15.2 million in Q1 2021.
  • The 5-year median for Operating Expenses is $33.2 million (2023), against an average of $29.6 million.
  • The largest annual shift saw Operating Expenses surged 71.79% in 2021 before it fell 1.32% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $20.5 million in 2021, then soared by 45.61% to $29.8 million in 2022, then increased by 18.03% to $35.2 million in 2023, then fell by 1.32% to $34.7 million in 2024, then fell by 0.72% to $34.5 million in 2025.
  • Per Business Quant, the three most recent readings for IIPR's Operating Expenses are $34.5 million (Q4 2025), $35.3 million (Q3 2025), and $34.0 million (Q2 2025).