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Innovative Industrial Properties (IIPR)
NYSE:IIPR
US Market
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Innovative Industrial Properties (IIPR) Operating Expense Breakdown

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Operating Expense Breakdown

Details core costs like property management and maintenance, offering insight into operational efficiency and cost management strategies.
Non‑cash depreciation has steadily risen with the expanding portfolio, meaning future AFFO depends on new assets delivering higher cash yields to offset growing D&A. Property costs are drifting up with active re‑tenanting and leasing. Notably, G&A fell through 2024–25 but spikes in Q1 2026—consistent with the quarter’s heavy capital‑raising, settlements and transaction/legal activity—so distinguish one‑time financing/settlement costs from any structural overhead increase that could erode net yield as borrowing costs rise.
Date
General and Administrative
Depreciation and Amortization
Property
Jun 30, 2026
$7.72M$18.80M$7.20M
Mar 31, 2026
$10.35M$18.58M$7.58M
Dec 31, 2025
$7.97M$18.54M$7.98M
Sep 30, 2025
$8.68M$18.64M$7.95M
Jun 30, 2025
$8.63M$18.50M$6.87M
Mar 31, 2025
$8.46M$18.39M$7.38M
Dec 31, 2024
$8.89M$18.24M$7.61M
Sep 30, 2024
$9.33M$17.94M$7.29M
Jun 30, 2024
$9.66M$17.47M$6.86M
Mar 31, 2024
$9.56M$17.15M$6.71M