Innovative Industrial Properties (IIPR) Real Estate - Net (2016 - 2026)
Innovative Industrial Properties' Real Estate - Net was $2 billion in Q2 2026, down 7.0% from $2.15 billion a year earlier and down 4.6% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) Real Estate - Net (2016 - 2026) Analysis & Trends
At the end of FY2025, Real Estate - Net at Innovative Industrial Properties came in at $2.11 billion, down 2.6% from FY2024.
- Real Estate - Net shows a five-year compound annual growth rate of 15.7% (FY2020 to FY2025).
- In earlier years, Real Estate - Net was $2.17 billion in FY2024 (+0.1%), $2.17 billion in FY2023 (+4.8%), $2.07 billion in FY2022 (+26.0%) and $1.64 billion in FY2021 (+60.8%).
- The Q2 2026 figure marks the lowest quarterly Real Estate - Net since Q1 2022.
- Compared with a year earlier, Real Estate - Net has declined for six straight quarters, with an average decline of 1.9% over the last eight quarters.
- The best year-over-year quarter for Real Estate - Net over five years was Q4 2021 (growth of 60.8%); the worst was Q2 2026 (a decline of 7.0%).
- Per Business Quant data, IIPR's Real Estate - Net in the three quarters before Q2 2026 was $2.09 billion (Q1 2026), $2.11 billion (Q4 2025) and $2.13 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Welltower | 157.27 Bn | 138.76 Bn | 1.39 Bn |
| 2 | Prologis | 119.02 Bn | 119.02 Bn | - |
| 3 | Simon Property | 64.22 Bn | 64.22 Bn | - |
| 4 | Realty Income | 49.78 Bn | 49.78 Bn | - |
| 5 | Public Storage | 49.58 Bn | 48.57 Bn | - |
| 6 | Ventas | 39.19 Bn | 37.87 Bn | - |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn |
| 8 | Vici Properties | 24.68 Bn | 22.79 Bn | 1.05 Bn |
| 9 | Vivmark Residential | 22.20 Bn | 22.20 Bn | - |
| 10 | Innovative Industrial Properties | 1.46 Bn | 1.46 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.00 Bn |
| Mar 31, 2026 | 2.09 Bn |
| Dec 31, 2025 | 2.11 Bn |
| Sep 30, 2025 | 2.13 Bn |
| Jun 30, 2025 | 2.15 Bn |
| Mar 31, 2025 | 2.16 Bn |
| Dec 31, 2024 | 2.17 Bn |
| Sep 30, 2024 | 2.16 Bn |
| Jun 30, 2024 | 2.17 Bn |
| Mar 31, 2024 | 2.17 Bn |
| Dec 31, 2023 | 2.17 Bn |
| Sep 30, 2023 | 2.16 Bn |
| Jun 30, 2023 | 2.17 Bn |
| Mar 31, 2023 | 2.15 Bn |
| Dec 31, 2022 | 2.07 Bn |
| Sep 30, 2022 | 2.05 Bn |
| Jun 30, 2022 | 2.02 Bn |
| Mar 31, 2022 | 1.80 Bn |
| Dec 31, 2021 | 1.64 Bn |
| Sep 30, 2021 | 1.40 Bn |
API Access
Innovative Industrial Properties Real Estate - Net 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-net&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "real-estate-net", "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-net&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();