Innovative Industrial Properties (IIPR) Payout Ratio (2018 - 2026)
Innovative Industrial Properties' (IIPR) Payout Ratio stood at 1.65 in Q3 2026, down 6.1% from 1.76 a year earlier and down 0.6% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) Payout Ratio (2018 - 2026) Analysis & Trends
For FY2025, Innovative Industrial Properties' Payout Ratio came in at 1.89, up 42.5% from FY2024.
- Annual Payout Ratio has increased for four straight years.
- Across earlier years, Payout Ratio came in at 1.33 in FY2024 (+7.4%), 1.23 in FY2023 (+2.7%), 1.20 in FY2022 (+3.4%) and 1.16 in FY2021 (-0.8%).
- The Q3 2026 figure is the lowest quarterly Payout Ratio since Q2 2025.
- On a year-over-year basis, Payout Ratio rose in seven of the last eight quarters, with growth averaging 19.8%.
- Peak year-over-year performance for Payout Ratio in the last five years was growth of 42.5% in Q4 2025, against a decline of 6.1% in Q3 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 1.66 (Q2 2026), 1.89 (Q1 2026) and 1.89 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Welltower | 177.74 Bn | 163.76 Bn | 1.47 Bn |
| 2 | Prologis | 120.05 Bn | 114.00 Bn | - |
| 3 | Simon Property | 74.18 Bn | 70.24 Bn | - |
| 4 | Public Storage | 62.09 Bn | 60.82 Bn | - |
| 5 | Realty Income | 55.76 Bn | 54.03 Bn | - |
| 6 | Ventas | 45.60 Bn | 44.27 Bn | - |
| 7 | Extra Space Storage | 33.58 Bn | 32.49 Bn | 650.96 Mn |
| 8 | Vici Properties | 27.29 Bn | 25.64 Bn | 1.06 Bn |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - |
| 10 | Innovative Industrial Properties | 1.50 Bn | 1.01 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.65 |
| Jun 30, 2026 | 1.66 |
| Mar 31, 2026 | 1.89 |
| Dec 31, 2025 | 1.89 |
| Sep 30, 2025 | 1.76 |
| Jun 30, 2025 | 1.61 |
| Mar 31, 2025 | 1.42 |
| Dec 31, 2024 | 1.33 |
| Sep 30, 2024 | 1.29 |
| Jun 30, 2024 | 1.25 |
| Mar 31, 2024 | 1.25 |
| Dec 31, 2023 | 1.23 |
| Sep 30, 2023 | 1.23 |
| Jun 30, 2023 | 1.25 |
| Mar 31, 2023 | 1.23 |
| Dec 31, 2022 | 1.20 |
| Sep 30, 2022 | 1.21 |
| Jun 30, 2022 | 1.16 |
| Mar 31, 2022 | 1.15 |
| Dec 31, 2021 | 1.16 |
API Access
Innovative Industrial Properties Payout Ratio 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=payout-ratio&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payout-ratio", "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=payout-ratio&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();