Filing Flows › Innovative Industrial Properties (IIPR) › Q3 2026 › vs Q3 2025
Innovative Industrial Properties (IIPR) Q3 2026 vs Q3 2025 (year over year)
Innovative Industrial Properties's revenue rose $235K (+0.4%) from $64.7M in Q3 2025 to $64.9M in Q3 2026. Operating margin 45.3% against 45.5% (-0.2 pts).
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 draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 45.3% | 45.5% | -0.2 pts |
| Net margin | 49.1% | 45.3% | +3.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $64.9M | $64.7M | $235K | +0.4% |
| Other income, net | $2.5M | −$109K | $2.6M | — |
| Operating profit | $29.4M | $29.4M | −$30K | -0.1% |
| Costs & expenses | $35.5M | $35.3M | $265K | +0.8% |
| Pre-tax earnings | $31.9M | $29.3M | $2.6M | +9% |
| General & admin | $8.5M | $8.7M | −$223K | -3% |
| Other operating costs | $27.1M | $26.6M | $488K | +2% |
| Net earnings | $31.9M | $29.3M | $2.6M | +9% |
| Depreciation & amortization | $19.6M | $18.6M | $933K | +5% |
| Share-based compensation | $3.3M | $2.7M | $627K | +23% |
| Working capital & other | $5.3M | $5.0M | $288K | +6% |
| Operating cash flow | $49.5M | $45.6M | $3.9M | +8% |
Questions
How much did Innovative Industrial Properties's revenue grow year over year in Q3 2026?
Innovative Industrial Properties's revenue rose $235K (+0.4%) from $64.7M in Q3 2025 to $64.9M in Q3 2026. Operating margin 45.3% against 45.5% (-0.2 pts).