IIPRPA.PFD (Innovative Industrial Properties) Revenue: $263.23 Mil (TTM 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 Revenue?

Innovative Industrial Properties IIPRPA.PFD -0.72% 77 Revenue is $263.23 Mil as of Mar. 2026. GuruFocus rates IIPRPA.PFD with a GF Score™ of 77/100. The stock has 12 warning signs investors should review.

Innovative Industrial Properties's revenue for the three months ended in Mar. 2026 was $69.00 Mil. Its revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $263.23 Mil. Innovative Industrial Properties's Revenue per Share for the three months ended in Mar. 2026 was $0.00. Its Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $0.00.

Warning Sign:

Innovative Industrial Properties Inc revenue per share has been in decline over the past 3 years.

During the past 12 months, the average Revenue per Share Growth Rate of Innovative Industrial Properties was -13.00% per year. During the past 3 years, the average Revenue per Share Growth Rate was -2.10% per year. During the past 5 years, the average Revenue per Share Growth Rate was 10.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get other companies' revenue growth rate using Revenue per Share data.

During the past 10 years, Innovative Industrial Properties's highest 3-Year average Revenue per Share Growth Rate was 132.40% per year. The lowest was -2.10% per year. And the median was 33.70% per year.


Innovative Industrial Properties  (NYSE:IIPRpA.PFD) Revenue Explanation

In ranking the predictability, companies with more consistent revenue and earnings growth are ranked high with predictability.

Peter Lynch categorized companies according to their revenue growth:


Slow Grower: Inflation < 10-Year Revenue Growth Rate < 10%:
Stalwart: 10% < 10-Year Revenue Growth Rate < 20%:
Fast Grower: 10-Year Revenue Growth Rate > 20%:

His favorite companies are stalwart, those growing between 10-20% a year.

Companies in cyclical industries may see their revenue fluctuate wildly in good years and bad years.


Be Aware

Revenue can be manipulated by changing the way how revenue is booked. Companies may book sales before the payment is received, or before the revenue is fully earned. These will be added to balance sheet items such as account payable or account receivables.


Innovative Industrial Properties Revenue Related Terms


Innovative Industrial Properties Revenue Historical Data

* Premium members only.

The historical data trend for Innovative Industrial Properties's Revenue 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 Revenue Chart

Innovative Industrial Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 204.55 276.36 309.51 308.52 265.96

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
Revenue 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 71.72 62.89 64.69 66.66 69.00

IIPRPA.PFD vs SMA, ILPT, LXP: Revenue Comparison

For the REIT - Industrial subindustry, Innovative Industrial Properties's Revenue, along with its competitors' market caps and Revenue 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 Revenue vs REITs Industry

For the REITs industry and Real Estate sector, Innovative Industrial Properties's Revenue distribution charts can be found below:

* The bar in red indicates where Innovative Industrial Properties's Revenue falls into.


IIPRPA.PFD
77GF Score
Innovative Industrial Properties Inc IIPRPA.PFD
Revenue is just one metric. See GF Score™, valuation, warning signs, and more.
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Innovative Industrial Properties Revenue Calculation

Also referred as sales, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Revenue is often referred to as the "top line" due to its position on the income statement at the very top.

Revenue 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 $263.23 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.

Frequently Asked Questions Learn more about Revenue →
What does a Revenue of $263.23 Mil mean?
Innovative Industrial Properties (IIPRPA.PFD) has a Revenue of $263.23 Mil as of Mar. 2026. Revenue is the total amount a company generates as sales through its operations. View historical data on Innovative Industrial Properties and its competitors.
Is Innovative Industrial Properties' Revenue too high?
Innovative Industrial Properties' current Revenue is $263.23 Mil. 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' Revenue compare to SMA and ILPT?
Innovative Industrial Properties' Revenue of $263.23 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 Revenue for a REITs company?
A good Revenue depends on the REITs industry context. However, Revenue 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 Revenue mean?
A high Revenue can signal that a stock is expensive relative to its fundamentals. Revenue is the total amount a company generates as sales through its operations. View historical data on Innovative Industrial Properties and its competitors. Innovative Industrial Properties's current Revenue is $263.23 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?
Innovative Industrial Properties (IIPRPA.PFD) has a current Revenue of $263.23 Mil. The current Revenue is $263.23 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 Revenue calculated?
Revenue is calculated from a company's financial statements. For Innovative Industrial Properties (IIPRPA.PFD), the current Revenue is $263.23 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.

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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Revenue is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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