Innovative Industrial Properties (Innovative Industrial Properties) Pretax Margin % : 52.60% (As of Dec. 2023)

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What is Innovative Industrial Properties Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Innovative Industrial Properties's Pre-Tax Income for the three months ended in Dec. 2023 was $41.63 Mil. Innovative Industrial Properties's Revenue for the three months ended in Dec. 2023 was $79.16 Mil. Therefore, Innovative Industrial Properties's pretax margin for the quarter that ended in Dec. 2023 was 52.60%.

The historical rank and industry rank for Innovative Industrial Properties's Pretax Margin % or its related term are showing as below:

IIPRpA.PFD' s Pretax Margin % Range Over the Past 10 Years
Min: -1368.22 Med: 53.03 Max: 56.23
Current: 53.5

IIPRpA.PFD's Pretax Margin % is ranked better than
67.09% of 796 companies
in the REITs industry
Industry Median: 33.985 vs IIPRpA.PFD: 53.50

Innovative Industrial Properties Pretax Margin % Historical Data

The historical data trend for Innovative Industrial Properties's Pretax Margin % 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.

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Innovative Industrial Properties Pretax Margin % Chart

Innovative Industrial Properties Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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52.56

56.23

55.73

55.86

53.50

Innovative Industrial Properties Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Pretax Margin %	Get a 7-Day Free Trial															58.91	54.02	53.98	53.44	52.60

Competitive Comparison of Innovative Industrial Properties's Pretax Margin %

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's Pretax Margin % Distribution in the 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.

Innovative Industrial Properties Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Innovative Industrial Properties's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	165.588	/	309.506
	=	53.50 %

Innovative Industrial Properties's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	41.633	/	79.156
	=	52.60 %

Innovative Industrial Properties (NYSE:IIPRpA.PFD) Pretax Margin % Explanation

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

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Innovative Industrial Properties (Innovative Industrial Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Innovative Industrial Properties Inc (NYSE:IIPRpA.PFD) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

IIPR:USA 1IK:Germany

Address

1389 Center Drive, Suite 220, Park City, UT, USA, 84098

Website

https://www.innovativeindustrialproperties.com

Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.