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Pretax income is the income that a company earns before paying income taxes. Innovative Industrial Properties's pretax income for the
three
months ended in Mar. 2026 was $32.8 Mil.
Its pretax income for the trailing twelve months (TTM) ended in Mar. 2026 was $120.0 Mil.
Innovative Industrial Properties's pretax margin was 47.55%.
During the past 10 years, Innovative Industrial Properties's highest Pretax Margin was 56.23%. The lowest was -1368.22%. And the median was 52.48%.
Innovative Industrial Properties (NYSE:IIPR) Pre-Tax Income Explanation
Innovative Industrial Properties's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as
During the past 10 years, Innovative Industrial Properties's highest Pretax Margin was 56.23%. The lowest was -1368.22%. And the median was 52.48%.
* 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 Pre-Tax Income Related Terms
Innovative Industrial Properties Pre-Tax Income Historical Data
* 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 Pre-Tax Income Chart
For the REIT - Industrial subindustry, Innovative Industrial Properties's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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 Pre-Tax Income vs REITs Industry
For the REITs industry and Real Estate sector, Innovative Industrial Properties's Pre-Tax Income distribution charts can be found below:
* The bar in red indicates where Innovative Industrial Properties's Pre-Tax Income falls into.
Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $120.0 Mil.
* 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 (IIPR) has a Pre-Tax Income of $120.0 Mil as of Mar. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Innovative Industrial Properties and its competitors.
Is Innovative Industrial Properties' Pre-Tax Income too high?
Innovative Industrial Properties' current Pre-Tax Income is $120.0 Mil. Overall, Innovative Industrial Properties has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Innovative Industrial Properties' Pre-Tax Income compare to SMA and ILPT?
Innovative Industrial Properties' Pre-Tax Income of $120.0 Mil 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 Pre-Tax Income for a REITs company?
A good Pre-Tax Income depends on the REITs industry context. However, Pre-Tax Income 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 Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Innovative Industrial Properties and its competitors. Innovative Industrial Properties's current Pre-Tax Income is $120.0 Mil. 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?
Based on GuruFocus' analysis, Innovative Industrial Properties (IIPR) is currently considered Fairly Valued. The stock's GF Value™ is $64.87, compared to a current price of $64.35 — trading 0.8% below its estimated fair value. The current Pre-Tax Income is $120.0 Mil. 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 Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Innovative Industrial Properties (IIPR), the current Pre-Tax Income is $120.0 Mil 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.
Is Innovative Industrial Properties (IIPR) Overvalued in 2026?
Based on GuruFocus' analysis, Innovative Industrial Properties stock appears to be undervalued.
The current stock price of $64.35 is trading 0.8% below its estimated GF Value™ of $64.87.
GuruFocus considers Innovative Industrial Properties to be Fairly Valued.
Key valuation signals for IIPR:
Pre-Tax Income: $120.0 Mil
GF Value™: $64.87 vs. price of $64.35 (0.8% below fair value)
No single metric tells the full story. See the IIPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Innovative Industrial Properties Business Description
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
Get the complete analysis for IIPR
Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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