Innovative Industrial Properties (IIPR) Operating Expenses (2017 - 2026)

Innovative Industrial Properties (IIPR) has 10 years of Operating Expenses data on file, last reported at $36.5 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 3.31% year-over-year to $36.5 million; the trailing twelve-month figure through Mar 2026 stood at $140.3 million (down 0.57% YoY), and the FY2025 full-year result was $141.5 million, up 3.5% from the prior year.
• Operating Expenses rose to $36.5 million in Q1 2026, from $34.5 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $37.8 million in Q1 2025 to a low of $24.6 million in Q1 2022.
• A 5-year average of $32.9 million and a median of $34.0 million in 2025 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses soared 68.12% in 2022 and slipped 3.31% in 2026, its largest moves.
• Tracing IIPR's Operating Expenses over 5 years: stood at $29.8 million in 2022, then rose by 18.03% to $35.2 million in 2023, then retreated by 1.32% to $34.7 million in 2024, then dropped by 0.72% to $34.5 million in 2025, then rose by 5.87% to $36.5 million in 2026.
• Business Quant data shows IIPR's Operating Expenses at $36.5 million in Q1 2026, $34.5 million in Q4 2025, and $35.3 million in Q3 2025.