Innovative Industrial Properties (IIPR) Price to Earnings (2018 - 2026)
Innovative Industrial Properties' (IIPR) Price to Earnings came in at 11.15 for Q3 2026, down 8.5% from 12.19 a year earlier and down 15.3% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) Price to Earnings (2018 - 2026) Analysis & Trends
For FY2025, Innovative Industrial Properties' Price to Earnings stood at 11.60, down 1.8% from FY2024.
- Annual Price to Earnings has declined for four consecutive years.
- In prior years, Innovative Industrial Properties' Price to Earnings was 11.81 in FY2024 (-31.6%), 17.27 in FY2023 (-6.8%), 18.53 in FY2022 (-69.0%) and 59.78 in FY2021 (+8.1%).
- The Q3 2026 figure stands as the lowest quarterly Price to Earnings since Q1 2025.
- On a year-over-year basis, Price to Earnings increased in two of the last eight quarters, with an average decline of 17.1%.
- The strongest year-over-year quarter for Price to Earnings in the past five years was Q3 2024, with growth of 82.4%; the weakest was Q1 2023, with a decline of 69.6%.
- According to Business Quant data, Price to Earnings for the three prior quarters was 13.16 (Q2 2026), 12.43 (Q1 2026) and 11.60 (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 | 11.15 |
| Jun 30, 2026 | 13.16 |
| Mar 31, 2026 | 12.43 |
| Dec 31, 2025 | 11.60 |
| Sep 30, 2025 | 12.19 |
| Jun 30, 2025 | 11.50 |
| Mar 31, 2025 | 10.16 |
| Dec 31, 2024 | 11.81 |
| Sep 30, 2024 | 23.58 |
| Jun 30, 2024 | 18.95 |
| Mar 31, 2024 | 18.04 |
| Dec 31, 2023 | 17.27 |
| Sep 30, 2023 | 12.93 |
| Jun 30, 2023 | 12.78 |
| Mar 31, 2023 | 13.39 |
| Dec 31, 2022 | 18.53 |
| Sep 30, 2022 | 17.66 |
| Jun 30, 2022 | 23.17 |
| Mar 31, 2022 | 44.04 |
| Dec 31, 2021 | 59.78 |
API Access
Innovative Industrial Properties Price to Earnings 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=price-to-earnings&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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=price-to-earnings&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();