Innovative Industrial Properties Debt-to-Equity Ratio Growth & History (IIPR)
Innovative Industrial Properties's debt-to-equity ratio was 0.21 for fiscal 2025.
View full Innovative Industrial Properties company overviewInnovative Industrial Properties annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.21 | 0.21 | +39315.30% |
| 2024 | 2024-12-31 | 0.00 | −0.00 | −28.67% |
| 2023 | 2023-12-31 | 0.00 | −0.00 | −20.64% |
| 2022 | 2022-12-31 | 0.00 | 0.00 | +34.95% |
| 2021 | 2022-01-14 | 0.00 | 0.00 | +2.23% |
| 2020 | 2020-12-31 | 0.00 | −0.25 | −99.72% |
| 2019 | 2019-12-31 | 0.25 | 0.25 | — |
| 2018 | 2018-12-31 | 0.00 | — | — |
Innovative Industrial Properties quarterly debt-to-equity ratio
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.33 | 0.33 | +75977.28% |
| Q1 2026 | 2026-03-31 | 0.19 | 0.19 | +39740.91% |
| Q4 2025 | 2025-12-31 | 0.21 | 0.21 | +39315.30% |
| Q3 2025 | 2025-09-30 | 0.00 | −0.00 | −37.63% |
| Q2 2025 | 2025-06-30 | 0.00 | −0.00 | −33.66% |
| Q1 2025 | 2025-03-31 | 0.00 | — | — |
| Q4 2024 | 2024-12-31 | 0.00 | −0.00 | −28.67% |
| Q3 2024 | 2024-09-30 | 0.00 | −0.00 | −26.70% |
| Q2 2024 | 2024-06-30 | 0.00 | −0.00 | −24.32% |
| Q4 2023 | 2023-12-31 | 0.00 | −0.00 | −20.64% |
| Q3 2023 | 2023-09-30 | 0.00 | −0.00 | −18.77% |
| Q2 2023 | 2023-06-30 | 0.00 | — | — |
| Q1 2023 | 2023-03-31 | 0.00 | −0.00 | −29.56% |
| Q4 2022 | 2022-12-31 | 0.00 | — | — |
| Q3 2022 | 2022-09-30 | 0.00 | 0.00 | +71.14% |
| Q1 2022 | 2022-03-31 | 0.00 | 0.00 | +96.24% |
| Q4 2021 | 2022-01-14 | 0.00 | 0.00 | +2.23% |
| As of Dec 31, 2021 | 2021-12-31 | 0.00 | 0.00 | +2.23% |
| Q3 2021 | 2021-09-30 | 0.00 | −0.11 | −99.46% |
| Q2 2021 | 2021-06-30 | 0.00 | −0.14 | −99.56% |
| Q1 2021 | 2021-03-31 | 0.00 | −0.16 | −99.59% |
| Q4 2020 | 2020-12-31 | 0.00 | −0.25 | −99.72% |
| Q3 2020 | 2020-09-30 | 0.11 | −0.19 | −63.76% |
| Q2 2020 | 2020-06-30 | 0.14 | −0.36 | −71.91% |
| Q1 2020 | 2020-03-31 | 0.16 | −0.34 | −68.01% |
| Q4 2019 | 2019-12-31 | 0.25 | 0.25 | — |
| Q3 2019 | 2019-09-30 | 0.30 | — | — |
| Q2 2019 | 2019-06-30 | 0.50 | — | — |
| Q1 2019 | 2019-03-31 | 0.50 | — | — |
| Q4 2018 | 2018-12-31 | 0.00 | — | — |
Innovative Industrial Properties debt-to-equity ratio trends
Over the last five fiscal years, Innovative Industrial Properties's debt-to-equity ratio increased from 0.00 to 0.21, a change of 0.21. The latest reported quarter, Q2 2026, shows 0.33.
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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