Company / SG&A Expense
Innovative Industrial Properties, Inc. SG&A Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$33.7M
FY2025
5-year range
$9.8M / $42.8M
FY2021-FY2025
Trend
-9.9%
vs FY2024
Sector context
#103 of 131
Real Estate
What the data says
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.
$34M in FY2025 with a 5-year CAGR of +39.5%.
Improved from $43M to $34M over the past 2 years.
Real Estate sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- +33.5%
- 5-Year CAGR
- +39.5%
- 10-Year CAGR
- -
Sector benchmark
Top 21% in Real EstateTop 21% of 131This company $33.7M Sector average $159.5M
▼
-78.8% below sector average
Key checks
Key Insights
- 5-year CAGR of +39.5%, indicating consistent growth.
- In FY2025, sg&a expense decreased 9.9% year-over-year.
- Ranks #103 out of 131 companies in the Real Estate sector.
- Peak sg&a expense was recorded in FY2023.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $33.7M | -9.9% |
| FY2024 | $37.4M | -12.6% |
| FY2023 | $42.8M | +202.0% |
| FY2022 | $14.2M | +44.4% |
| FY2021 | $9.8M | +54.0% |
| FY2020 | $6.4M | +16.0% |
| FY2019 | $5.5M | +0.0% |
| FY2018 | $5.5M | +0.0% |
| FY2017 | $5.5M | +563.9% |
| FY2016 | $828.0K | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026