Innovative Industrial Properties (IIPR) Shares Outstanding (Diluted) (2017 - 2026)
Innovative Industrial Properties (IIPR) reported Shares Outstanding (Diluted) of 29.99 million for Q2 2026, up 5.9% from 28.32 million a year earlier and up 5.4% from the prior quarter.
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Analysis
Innovative Industrial Properties (IIPR) Shares Outstanding (Diluted) (2017 - 2026) Analysis & Trends
For FY2025, Innovative Industrial Properties posted Shares Outstanding (Diluted) of 28.38 million, down 0.5% from FY2024.
- Shares Outstanding (Diluted) has a five-year compound annual growth rate of 7.7% (FY2020 to FY2025).
- By year, Shares Outstanding (Diluted) came in at 28.53 million in FY2024 (+1.0%), 28.26 million in FY2023 (+2.1%), 27.66 million in FY2022 (+5.3%) and 26.26 million in FY2021 (+34.3%).
- The Q2 2026 figure ranks as the highest quarterly Shares Outstanding (Diluted) in data going back to Q1 2017.
- Year over year, Shares Outstanding (Diluted) gained in four of the last eight quarters, with growth averaging 0.7%.
- The high point for year-over-year Shares Outstanding (Diluted) in five years was Q4 2021 (growth of 34.3%); the low point was Q3 2025 (a decline of 1.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 28.47 million (Q1 2026), 28.38 million (Q4 2025) and 28.3 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 157.27 Bn | 138.76 Bn | 1.39 Bn | 737.96 Mn |
| 2 | Prologis | 119.02 Bn | 119.02 Bn | - | 957.88 Mn |
| 3 | Simon Property | 64.22 Bn | 64.22 Bn | - | 324.96 Mn |
| 4 | Realty Income | 49.78 Bn | 49.78 Bn | - | 934.66 Mn |
| 5 | Public Storage | 49.58 Bn | 48.57 Bn | - | 176.51 Mn |
| 6 | Ventas | 39.19 Bn | 37.87 Bn | - | 497.72 Mn |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 220.36 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 | - | 383.88 Mn |
| 10 | Innovative Industrial Properties | 1.46 Bn | 1.46 Bn | - | 29.99 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.99 Mn |
| Mar 31, 2026 | 28.47 Mn |
| Dec 31, 2025 | 28.38 Mn |
| Sep 30, 2025 | 28.30 Mn |
| Jun 30, 2025 | 28.32 Mn |
| Mar 31, 2025 | 28.59 Mn |
| Dec 31, 2024 | 28.53 Mn |
| Sep 30, 2024 | 28.58 Mn |
| Jun 30, 2024 | 28.57 Mn |
| Mar 31, 2024 | 28.46 Mn |
| Dec 31, 2023 | 28.26 Mn |
| Sep 30, 2023 | 28.27 Mn |
| Jun 30, 2023 | 28.26 Mn |
| Mar 31, 2023 | 28.22 Mn |
| Dec 31, 2022 | 27.66 Mn |
| Sep 30, 2022 | 28.16 Mn |
| Jun 30, 2022 | 28.04 Mn |
| Mar 31, 2022 | 26.34 Mn |
| Dec 31, 2021 | 26.26 Mn |
| Sep 30, 2021 | 26.26 Mn |
API Access
Innovative Industrial Properties Shares Outstanding (Diluted) 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-diluted&ticker=IIPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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-diluted&ticker=IIPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();