Innovative Industrial Properties (IIPR) Real Estate, at Cost (2016 - 2026)
Innovative Industrial Properties' Real Estate, at Cost was $2.37 billion in Q3 2026, down 3.6% from $2.46 billion a year earlier but up 0.1% from the prior quarter.
Powered by 
Analysis
Innovative Industrial Properties (IIPR) Real Estate, at Cost (2016 - 2026) Analysis & Trends
At the end of FY2025, Real Estate, at Cost at Innovative Industrial Properties came in at $2.46 billion, up 0.7% from FY2024.
- Real Estate, at Cost has now increased for nine consecutive years, with a five-year compound annual growth rate of 18.3% (FY2020 to FY2025).
- In earlier years, Real Estate, at Cost was $2.44 billion in FY2024 (+3.0%), $2.37 billion in FY2023 (+7.4%), $2.2 billion in FY2022 (+28.0%) and $1.72 billion in FY2021 (+62.4%).
- Quarterly Real Estate, at Cost has moved between $1.72 billion (Q4 2021) and $2.46 billion (Q4 2025) over five years.
- Compared with a year earlier, Real Estate, at Cost was higher in six of the last eight quarters, with growth averaging 0.4%.
- The best year-over-year quarter for Real Estate, at Cost over five years was Q4 2021 (growth of 62.4%); the worst was Q3 2026 (a decline of 3.6%).
- Per Business Quant data, IIPR's Real Estate, at Cost in the three quarters before Q3 2026 was $2.37 billion (Q2 2026), $2.45 billion (Q1 2026) and $2.46 billion (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 | 2.37 Bn |
| Jun 30, 2026 | 2.37 Bn |
| Mar 31, 2026 | 2.45 Bn |
| Dec 31, 2025 | 2.46 Bn |
| Sep 30, 2025 | 2.46 Bn |
| Jun 30, 2025 | 2.45 Bn |
| Mar 31, 2025 | 2.45 Bn |
| Dec 31, 2024 | 2.44 Bn |
| Sep 30, 2024 | 2.42 Bn |
| Jun 30, 2024 | 2.40 Bn |
| Mar 31, 2024 | 2.39 Bn |
| Dec 31, 2023 | 2.37 Bn |
| Sep 30, 2023 | 2.35 Bn |
| Jun 30, 2023 | 2.34 Bn |
| Mar 31, 2023 | 2.31 Bn |
| Dec 31, 2022 | 2.20 Bn |
| Sep 30, 2022 | 2.18 Bn |
| Jun 30, 2022 | 2.13 Bn |
| Mar 31, 2022 | 1.90 Bn |
| Dec 31, 2021 | 1.72 Bn |
API Access
Innovative Industrial Properties Real Estate, at Cost 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=real-estate-at-cost&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "real-estate-at-cost", "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=real-estate-at-cost&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();