Innovative Industrial Properties, Inc. SG&A Expense History
IIPR / Real Estate|10 years of SEC 10-K data (FY2016-FY2025)
$34M in FY2025 with a 5-year CAGR of +18.9%.
Improved from $43M to $34M over the past 2 years.
Innovative Industrial Properties, Inc.'s sg&a expense of $34M is lower than 79% of companies in the Real Estate sector (FY2025). Improved from $43M to $34M over the past 2 years.
Based on SEC 10-K filings.
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
- 3-Year CAGR
- -4.3%
- 5-Year CAGR
- +18.9%
- 10-Year CAGR
- -
SG&A Expense Trend
Top 21% in Real EstateTop 21% of 130This company $33.7M Sector average $159.9M
▼
-78.9% below sector average
Key Insights
- 5-year CAGR of +18.9%, indicating consistent growth.
- In FY2025, sg&a expense decreased 9.9% year-over-year.
- Ranks #103 out of 130 companies in the Real Estate sector.
- Peak sg&a expense was recorded in FY2023.
Annual Data
| Year | SG&A Expense | YoY Growth |
|---|---|---|
| FY2025 | $33.7M | -9.9% |
| FY2024 | $37.4M | -12.6% |
| FY2023 | $42.8M | +11.2% |
| FY2022 | $38.5M | +67.8% |
| FY2021 | $23.0M | +61.9% |
| FY2020 | $14.2M | +44.4% |
| FY2019 | $9.8M | +54.0% |
| FY2018 | $6.4M | +16.0% |
| FY2017 | $5.5M | +563.9% |
| FY2016 | $828.0K | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026