Innovative Industrial Properties (IIPR) Rental Revenue (2017 - 2026)
Innovative Industrial Properties (IIPR) recorded Rental Revenue of $64.74 million in Q3 2026, up 0.7% from $64.29 million a year earlier and up 2.9% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) Rental Revenue (2017 - 2026) Analysis & Trends
On a TTM basis, Innovative Industrial Properties' Rental Revenue came in at $263.18 million as of Sep 30, 2026, down 4.5% year-over-year; for FY2025, it was $265.49 million, down 13.5% from FY2024.
- Annual Rental Revenue has a five-year compound annual growth rate of 17.8% (FY2020 to FY2025).
- Across earlier years, Rental Revenue came in at $306.94 million in FY2024 (-0.1%), $307.35 million in FY2023 (+12.0%), $274.38 million in FY2022 (+34.1%) and $204.55 million in FY2021 (+75.0%).
- Quarterly Rental Revenue has ranged from $58.94 million in Q4 2021 to $79.25 million in Q2 2024 over the past five years.
- On a year-over-year basis, Rental Revenue rose in 1 of the last eight quarters, with an average decline of 7.4%.
- Peak year-over-year performance for Rental Revenue in the last five years was growth of 58.9% in Q4 2021, against a decline of 20.7% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $62.89 million (Q2 2026), $68.92 million (Q1 2026) and $66.63 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 177.74 Bn | 163.76 Bn | 1.47 Bn | 488.64 Mn |
| 2 | Prologis | 120.05 Bn | 114.00 Bn | - | 2.21 Bn |
| 3 | Simon Property | 74.18 Bn | 70.24 Bn | - | 1.66 Bn |
| 4 | Public Storage | 62.09 Bn | 60.82 Bn | - | - |
| 5 | Realty Income | 55.76 Bn | 54.03 Bn | - | 1.48 Bn |
| 6 | Ventas | 45.60 Bn | 44.27 Bn | - | 362.72 Mn |
| 7 | Extra Space Storage | 33.58 Bn | 32.49 Bn | 650.96 Mn | 760.84 Mn |
| 8 | Vici Properties | 27.29 Bn | 25.64 Bn | 1.06 Bn | - |
| 9 | Vivmark Residential | 24.52 Bn | 24.30 Bn | - | 785.05 Mn |
| 10 | Innovative Industrial Properties | 1.50 Bn | 1.01 Bn | - | 64.74 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 64.74 Mn |
| Jun 30, 2026 | 62.89 Mn |
| Mar 31, 2026 | 68.92 Mn |
| Dec 31, 2025 | 66.63 Mn |
| Sep 30, 2025 | 64.29 Mn |
| Jun 30, 2025 | 62.87 Mn |
| Mar 31, 2025 | 71.70 Mn |
| Dec 31, 2024 | 76.72 Mn |
| Sep 30, 2024 | 76.05 Mn |
| Jun 30, 2024 | 79.25 Mn |
| Mar 31, 2024 | 74.91 Mn |
| Dec 31, 2023 | 78.62 Mn |
| Sep 30, 2023 | 77.29 Mn |
| Jun 30, 2023 | 75.92 Mn |
| Mar 31, 2023 | 75.53 Mn |
| Dec 31, 2022 | 69.92 Mn |
| Sep 30, 2022 | 70.35 Mn |
| Jun 30, 2022 | 70.00 Mn |
| Mar 31, 2022 | 64.11 Mn |
| Dec 31, 2021 | 58.94 Mn |
API Access
Innovative Industrial Properties Rental Revenue 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=rental-revenue&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "rental-revenue", "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=rental-revenue&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();