IIPRPA.PFD (Innovative Industrial Properties) Effective Interest Rate on Debt %: 6.78% (As of Mar. 2026)


IIPRPA.PFD Innovative Industrial Properties Inc IIPRPA.PFD
77 GF Score
Price $24.65
! 12 Warning Signs
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What is Innovative Industrial Properties Effective Interest Rate on Debt %?

Innovative Industrial Properties IIPRPA.PFD -0.72% 77 Effective Interest Rate on Debt % is 6.78% as of Mar. 2026. GuruFocus rates IIPRPA.PFD with a GF Score™ of 77/100. The stock has 12 warning signs investors should review.

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Innovative Industrial Properties's annualized positive value of Interest Expense for the quarter that ended in Mar. 2026 was $25.72 Mil. Innovative Industrial Properties's average total debt for the quarter that ended in Mar. 2026 was $379.54 Mil. Therefore, Innovative Industrial Properties's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2026 was 6.78%.


Innovative Industrial Properties  (NYSE:IIPRpA.PFD) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Innovative Industrial Properties Effective Interest Rate on Debt % Related Terms


Innovative Industrial Properties Effective Interest Rate on Debt % Historical Data

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The historical data trend for Innovative Industrial Properties's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Innovative Industrial Properties Effective Interest Rate on Debt % Chart

Innovative Industrial Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.08 5.40 5.34 5.43 5.42

Innovative Industrial Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.13 6.14 5.75 5.74 6.78

IIPRPA.PFD vs SMA, ILPT, LXP: Effective Interest Rate on Debt % Comparison

For the REIT - Industrial subindustry, Innovative Industrial Properties's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Innovative Industrial Properties Effective Interest Rate on Debt % vs REITs Industry

For the REITs industry and Real Estate sector, Innovative Industrial Properties's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Innovative Industrial Properties's Effective Interest Rate on Debt % falls into.


IIPRPA.PFD
77GF Score
Innovative Industrial Properties Inc IIPRPA.PFD
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Innovative Industrial Properties Effective Interest Rate on Debt % Calculation

Innovative Industrial Properties's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2024 )+Total Debt  (A: Dec. 2025 ))/ count )
=-1  *  -18.728/( (297.865+393.102)/ 2 )
=-1  *  -18.728/345.4835
=5.42 %

where

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=297.865 + 0
=297.865

Total Debt  (A: Dec. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=290.602 + 102.5
=393.102

Innovative Industrial Properties's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2026 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2025 )+Total Debt  (Q: Mar. 2026 ))/ count )
=-1  *  -25.724/( (393.102+365.981)/ 2 )
=-1  *  -25.724/379.5415
=6.78 %

where

Total Debt  (Q: Dec. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=290.602 + 102.5
=393.102

Total Debt  (Q: Mar. 2026 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=290.981 + 75
=365.981

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2026) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 6.78% mean?
Innovative Industrial Properties (IIPRPA.PFD) has a Effective Interest Rate on Debt % of 6.78% as of Mar. 2026. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Innovative Industrial Properties and its competitors.
Is Innovative Industrial Properties' Effective Interest Rate on Debt % too high?
Innovative Industrial Properties' current Effective Interest Rate on Debt % is 6.78%. Overall, Innovative Industrial Properties has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Innovative Industrial Properties' Effective Interest Rate on Debt % compare to SMA and ILPT?
Innovative Industrial Properties' Effective Interest Rate on Debt % of 6.78% can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a REITs company?
A good Effective Interest Rate on Debt % depends on the REITs industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Innovative Industrial Properties and its competitors. Innovative Industrial Properties's current Effective Interest Rate on Debt % is 6.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovative Industrial Properties stock overvalued right now?
Innovative Industrial Properties (IIPRPA.PFD) has a current Effective Interest Rate on Debt % of 6.78%. The current Effective Interest Rate on Debt % is 6.78%. Innovative Industrial Properties' overall GF Score™ is 77/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Innovative Industrial Properties (IIPRPA.PFD), the current Effective Interest Rate on Debt % is 6.78% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Innovative Industrial Properties Business Description

Industry Real EstateREITs
Other Exchanges IIPR:USA0JBD:UK1IK:Germany
Address 1389 Center Drive, Suite 200, Park City, UT, USA, 84098
Innovative Industrial Properties Inc is a real estate investment trust focused on the acquisition, ownership and management of specialized industrial and commercial properties in the United States. Its properties are prominently leased to state-licensed operators for their regulated cannabis facilities. The company conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by its Operating Partnership, directly or through subsidiaries. Its segments are: Cannabis Portfolio and Life Science Portfolio, with the majority of revenue coming from the Cannabis Portfolio segment, which involves acquiring, developing, and leasing real estate to regulated cannabis operators on long-term triple-net leases.
77GF Score

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