Innovative Industrial Properties (IIPR) Shares Outstanding (2016 - 2026)
Innovative Industrial Properties (IIPR) recorded Shares Outstanding of 28.44 million in Q2 2026, up 1.9% from 27.92 million a year earlier and up 1.6% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) Shares Outstanding (2016 - 2026) Analysis & Trends
For FY2025, Innovative Industrial Properties reported Shares Outstanding of 28.01 million, down 0.8% from FY2024.
- Annual Shares Outstanding has a five-year compound annual growth rate of 7.6% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding came in at 28.23 million in FY2024 (+0.9%), 27.98 million in FY2023 (+2.3%), 27.35 million in FY2022 (+14.4%) and 23.9 million in FY2021 (+22.9%).
- The Q2 2026 figure is the highest quarterly Shares Outstanding in data going back to Q4 2016.
- On a year-over-year basis, Shares Outstanding rose in four of the last eight quarters, with an average year-over-year change of 0.0%.
- Peak year-over-year performance for Shares Outstanding in the last five years was growth of 22.9% in Q4 2021, against a decline of 1.2% in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 27.99 million (Q1 2026), 28.01 million (Q4 2025) and 27.91 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 157.27 Bn | 138.76 Bn | 1.39 Bn | 709.73 Mn |
| 2 | Prologis | 119.02 Bn | 119.02 Bn | - | 933.09 Mn |
| 3 | Simon Property | 64.22 Bn | 64.22 Bn | - | 324.96 Mn |
| 4 | Realty Income | 49.78 Bn | 49.78 Bn | - | 932.31 Mn |
| 5 | Public Storage | 49.58 Bn | 48.57 Bn | - | 175.56 Mn |
| 6 | Ventas | 39.19 Bn | 37.87 Bn | - | 489.29 Mn |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 210.96 Mn |
| 8 | Vici Properties | 24.68 Bn | 22.79 Bn | 1.05 Bn | 1.09 Bn |
| 9 | Vivmark Residential | 22.20 Bn | 22.20 Bn | - | 374.18 Mn |
| 10 | Innovative Industrial Properties | 1.46 Bn | 1.46 Bn | - | 28.44 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.44 Mn |
| Mar 31, 2026 | 27.99 Mn |
| Dec 31, 2025 | 28.01 Mn |
| Sep 30, 2025 | 27.91 Mn |
| Jun 30, 2025 | 27.92 Mn |
| Mar 31, 2025 | 28.28 Mn |
| Dec 31, 2024 | 28.23 Mn |
| Sep 30, 2024 | 28.25 Mn |
| Jun 30, 2024 | 28.25 Mn |
| Mar 31, 2024 | 28.15 Mn |
| Dec 31, 2023 | 27.98 Mn |
| Sep 30, 2023 | 27.98 Mn |
| Jun 30, 2023 | 27.98 Mn |
| Mar 31, 2023 | 27.95 Mn |
| Dec 31, 2022 | 27.35 Mn |
| Sep 30, 2022 | 27.94 Mn |
| Jun 30, 2022 | 27.85 Mn |
| Mar 31, 2022 | 25.62 Mn |
| Dec 31, 2021 | 23.90 Mn |
| Sep 30, 2021 | 23.89 Mn |
API Access
Innovative Industrial Properties Shares Outstanding 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=shares-outstanding&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();