Innovative Industrial PropertiesIIPRPA.PFD -0.72%77 Pretax Margin % is 47.55% as of Mar. 2026, which is 9% below its 10-year median of 52.48. GuruFocus rates IIPRPA.PFD with a GF Score™ of 77/100. The stock has 12 warning signs investors should review. Among 927 REITs companies, Innovative Industrial Properties ranks worse than 51.56% on this metric.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Innovative Industrial Properties Pretax Margin % Related Terms
Innovative Industrial Properties Pretax Margin % 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.
IIPRPA.PFD vs SMA, ILPT, LXP: Pretax Margin % Comparison
For the REIT - Industrial subindustry, Innovative Industrial Properties's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Innovative Industrial Properties's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Innovative Industrial Properties's Pretax Margin % falls into.
* 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 (IIPRPA.PFD) has a Pretax Margin % of 47.55% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Innovative Industrial Properties and its competitors. This is near median its historical median of 52.48. According to the industry distribution chart, Innovative Industrial Properties ranks #478 out of 927 companies in the REITs industry, placing it in the top 51.6%.
Is Innovative Industrial Properties' Pretax Margin % too high?
Innovative Industrial Properties' current Pretax Margin % of 47.55% is near median its 10-year median of 52.48. The REITs industry median Pretax Margin % is 46.70. Innovative Industrial Properties' value of 47.55% is 1.8% above this industry median. Based on the distribution chart, Innovative Industrial Properties ranks #478 out of 927 companies in the REITs industry, which is below the industry midpoint. 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' Pretax Margin % compare to SMA and ILPT?
According to the REITs industry distribution chart, Innovative Industrial Properties ranks #478 out of 927 companies for Pretax Margin %. This places Innovative Industrial Properties in the lower half of its industry. The industry median Pretax Margin % is 46.70. Innovative Industrial Properties' value of 47.55% is 1.8% above this benchmark. While the company's 10-year median is 52.48 vs. the industry median of 46.70, Innovative Industrial Properties has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 46.70, based on 927 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Innovative Industrial Properties's current Pretax Margin % of 47.55% is 1.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Innovative Industrial Properties and its competitors. For the REITs industry, the median Pretax Margin % is 46.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovative Industrial Properties's current Pretax Margin % is 47.55%, which is near median its own 10-year median of 52.48. 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 Pretax Margin % of 47.55%. The current Pretax Margin % is 47.55%, which is near median its 10-year median of 52.48 and 1.8% above the REITs industry median of 46.70. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Innovative Industrial Properties (IIPRPA.PFD), the current Pretax Margin % is 47.55% 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
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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