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Innovative Industrial Properties vs AH Realty Trust: IIPR and AHRT compared
Innovative Industrial Properties is the larger company: $64.9M of revenue in its latest quarter (Q3 2026) against $52.3M for AH Realty Trust (Q3 2026). Innovative Industrial Properties is growing faster (+0.4% against -28% a year earlier). Innovative Industrial Properties is more profitable, with an operating margin of 45.3% against 22.4%.
Where the money goes: IIPR and AHRT
Innovative Industrial Properties (IIPR) · Q3 2026
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.
AH Realty Trust (AHRT) · Q3 2026
AH Realty Trust, Q3 2026: revenue $52.3M (-28% year over year), operating margin 22.4%, net loss $3.6M, operating cash flow $19.3M. The chart follows the revenue to costs, profit and cash.
| Innovative Industrial Properties (IIPR) | AH Realty Trust (AHRT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $64.9M | $52.3M |
| Revenue growth, Y/Y | +0.4% | -28% |
| Operating margin | 45.3% | 22.4% |
| Net earnings | $31.9M | −$3.6M |
| Net margin | 49.1% | -6.9% |
| Operating cash flow | $49.5M | $19.3M |
Questions
Which is bigger, Innovative Industrial Properties or AH Realty Trust?
Innovative Industrial Properties is the larger company: $64.9M of revenue in its latest quarter (Q3 2026) against $52.3M for AH Realty Trust (Q3 2026).
Is Innovative Industrial Properties or AH Realty Trust growing faster?
Innovative Industrial Properties is growing faster (+0.4% against -28% a year earlier).
Which is more profitable, Innovative Industrial Properties or AH Realty Trust?
Innovative Industrial Properties is more profitable, with an operating margin of 45.3% against 22.4%.
More: Innovative Industrial Properties earnings · how Innovative Industrial Properties makes money · AH Realty Trust earnings · how AH Realty Trust makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.