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Innovative Industrial Properties, Inc. IIPR Interest coverage

Interest coverage at other companies

Chicago Atlantic Real Estate Finance logo
Chicago Atlantic Real Estate FinanceREFI
5.1×-1.3×
LTC Properties logo
LTC PropertiesLTC
2.2×-0.1×
Omega Healthcare Investors logo
Omega Healthcare InvestorsOHI
4.2×+1.0×
LXP Industrial Trust logo
LXP Industrial TrustLXP
2.8×+0.8×
Global Net Lease logo
Global Net LeaseGNL
0.9×+0.5×
InvenTrust Properties logo
InvenTrust PropertiesIVT
1.9×+1.5×

Other financials

Income statement

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Revenue$69.0M-3.8%
Operating income$32.9M-3.1%
Net income$32.8M+5.6%
EPS (diluted)$1.02-1.0%

Balance sheet

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Cash & equivalents$89.1M-30.4%
Total debt$570.0K-99.8%
Total equity$1.9B-1.4%
Total assets$2.4B+1.8%

Cash flow

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Operating cash flow$56.0M+3.3%

Valuation

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Market cap$1.76B-7.9%
P/E14.7×+2.2×
P/S6.7×+0.4×

Profitability

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Operating margin46.8%-5.8pp
Net margin45.6%-4.7pp

Returns & leverage

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Return on equity6.3%-1.6pp
Debt / equity0×-0.1×

Where this comes from

Calculated from Innovative Industrial Properties, Inc.’s reported figures.

ebit/interest expense=5.6×

Based on trailing twelve months.

The official record: Innovative Industrial Properties, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Innovative Industrial Properties, Inc.'s interest coverage?
Innovative Industrial Properties, Inc. (IIPR) reported interest coverage of 5.6× in Q1 2026.
How has Innovative Industrial Properties, Inc.'s interest coverage changed year-over-year?
Innovative Industrial Properties, Inc.'s interest coverage decreased by 38.3% year-over-year, from 9× to 5.6×.
What is the long-term trend for Innovative Industrial Properties, Inc.'s interest coverage?
Over 5 years (2020 to 2025), Innovative Industrial Properties, Inc.'s interest coverage has grown at a -8.1% compound annual growth rate (CAGR), from 9.4× to 6.1×.
What does interest coverage mean?
Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.