Filing Flows › Innovative Industrial Properties (IIPR) › Operating margin
Innovative Industrial Properties (IIPR) operating margin by quarter
Innovative Industrial Properties' operating margin was 45.3% in Q3 2026 (third quarter 2026), -20.2 pts from Q2 2026. Over the last 7 quarters it ranged from 45.3% (Q3 2026) to 65.5% (Q2 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 45.3% | -20.2 pts | -0.2 pts |
| Q2 2026 | 65.5% | +17.8 pts | +19.5 pts |
| Q1 2026 | 47.7% | -0.1 pts | +0.3 pts |
| Q4 2025 | 47.8% | +2.3 pts | — |
| Q3 2025 | 45.5% | -0.5 pts | — |
| Q2 2025 | 45.9% | -1.4 pts | — |
| Q1 2025 | 47.4% | — | — |
Q3 2026 at a glance
Innovative Industrial Properties, Q3 2026: revenue $64.9M (+0.4% year over year), operating margin 45.3%, net earnings $31.9M, operating cash flow $49.5M. The chart follows the revenue to costs, profit and cash.
Questions
What is Innovative Industrial Properties' operating margin?
Innovative Industrial Properties' operating margin was 45.3% in Q3 2026 (third quarter 2026), -20.2 pts from Q2 2026.
How has Innovative Industrial Properties' operating margin changed?
Over the last 7 quarters it ranged from 45.3% (Q3 2026) to 65.5% (Q2 2026).
Q3 2026 results → · How Innovative Industrial Properties makes money →