SuperworthInnovative Industrial Properties profit margin IIPR
Gross, operating and net profit as a share of revenue over the last twelve months, from 2017.
- Net margin, 12 months
- 52.3%
- Operating margin, 12 months
- 51.4%
- Net margin on a year earlier
- +4.6 pts
- Peer median
- 10.9%
Over the twelve months to Jun 30, 2026, Innovative Industrial Properties kept 52.3% of its revenue as net profit, with an operating margin of 51.4%.
Five years earlier its net margin was 58.7%.
The median for 10 real Estate services stocks of a similar size is 10.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin |
|---|---|---|
| FY2025 | 44.5% | 46.7% |
| FY2024 | 52.4% | 54.6% |
| FY2023 | 53.5% | 56.4% |
| FY2022 | 55.9% | 61.4% |
| FY2021 | 55.7% | 66.2% |
| FY2020 | 56.2% | 59.7% |
| FY2019 | 52.6% | 55.8% |
| FY2018 | 47.2% | 36.1% |
| FY2017 | −1.1% | −3.5% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 52.3% | +4.6 pts | 51.4% | |
| Q1 FY26 | 45.6% | −4.7 pts | 46.8% | |
| Q4 FY25 | 44.5% | −7.9 pts | 46.7% | |
| Q3 FY25 | 45.8% | −6.7 pts | 48.6% | |
| Q2 FY25 | 47.7% | −5.0 pts | 51.0% | |
| Q1 FY25 | 50.3% | −2.8 pts | 52.6% | |
| Q4 FY24 | 52.4% | −1.1 pts | 54.6% | |
| Q3 FY24 | 52.5% | −2.5 pts | 54.8% | |
| Q2 FY24 | 52.7% | −2.2 pts | 55.1% | |
| Q1 FY24 | 53.1% | −2.7 pts | 56.1% | |
| Q4 FY23 | 53.5% | −2.4 pts | 56.4% | |
| Q3 FY23 | 55.0% | +1.6 pts | 58.1% |
Against its peers
Companies in Real Estate - Services nearest Innovative Industrial Properties' size, closest first, today.
| Company | Profit margin |
|---|---|
| IIPRInnovative Industrial Properties | 52.3% |
| FORForestar | 9.9% |
| GTYGetty Realty | 42.4% |
| NMRKNewmark | 4.1% |
| MMIMarcus & Millichap | 1.8% |
| UEUrban Edge Properties | 13.7% |
| CWKCushman & Wakefield | 0.6% |
| CURBCurbline Properties | 11.1% |
| GOODGladstone Commercial | 14.5% |
| MRPMillrose Properties | 62.6% |
| TRCTejon Ranch | 10.6% |
| Peer median | 10.9% |
Where Innovative Industrial Properties ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Innovative Industrial Properties
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.