Company data
Innovative Industrial Properties, Inc. employees and revenue per employee
IIPR · REIT - Industrial · $1.50B market cap
Innovative Industrial Properties, Inc. had 23 employees at the end of fiscal Dec 2025, up 4.5% from a year earlier. Revenue for the year was $266M, down 13.8% from a year earlier, or $11.6M per employee. Revenue fell while headcount grew.
Employees
23
+4.5% YoY
Revenue
$266M
-13.8% YoY
Revenue / employee
$11.6M
Peer median $1.99M
Rank in industry
1 of 16
REIT - Industrial
Headcount against revenue
Both lines start at 100 in the first year we hold, so you can see which one grew faster.
Hover a year for the numbers.
| Year ending | Employees | Revenue | Per employee | Staff YoY | Revenue YoY |
|---|---|---|---|---|---|
| Dec 2025 | 23 | $266M | $11.6M | +4.5% | -13.8% |
| Dec 2024 | 22 | $309M | $14.0M | +4.8% | -0.3% |
| Dec 2023 | 21 | $310M | $14.7M | +10.5% | +12.0% |
| Dec 2022 | 19 | $276M | $14.5M | +5.6% | +35.1% |
| Dec 2021 | 18 | $205M | $11.4M | +20.0% | +75.0% |
| Dec 2020 | 15 | $117M | $7.79M | +15.4% | +161.7% |
| Dec 2019 | 13 | $44.7M | $3.44M | +116.7% | +202.1% |
| Dec 2018 | 6 | $14.8M | $2.46M | +0.0% | +130.3% |
| Dec 2017 | 6 | $6.4M | $1.07M | +20.0% | +1900.0% |
| Dec 2016 | 5 | $321,000 | $64K | — | — |
Open roles: we have not matched a verified job board for this company yet.
Innovative Industrial Properties, Inc. against similar companies
The closest industry peers by revenue, from REIT - Industrial.
| Company | Employees | Revenue | Revenue / employee | Shape |
|---|---|---|---|---|
| IIPR Innovative Industrial Properties, Inc. | 23 | $266M | $11.6M | Hiring into decline |
| TRNO Terreno Realty Corporation | 47 | $476M | $10.1M | Leaner |
| STAG STAG Industrial, Inc. | 93 | $845M | $9.09M | Efficient growth |
| EGP EastGroup Properties, Inc. | 103 | $721M | $7.00M | Efficient growth |
| LXP LXP Industrial Trust | 58 | $350M | $6.04M | Contracting |
| FR First Industrial Realty Trust, Inc. | 151 | $727M | $4.82M | Efficient growth |
| NSA National Storage Affiliates Trust | 1,458 | $753M | $516K | Contracting |
| ILPT Industrial Logistics Properties Trust | 900 | $449M | $499K | Leaner |
| SMA Smartstop Self Storage REIT Inc | 1,000 | $281M | $281K | Hiring ahead |
Questions about Innovative Industrial Properties, Inc.
- How many employees does Innovative Industrial Properties, Inc. have?
- Innovative Industrial Properties, Inc. reported 23 employees for the fiscal year ending Dec 2025, in the annual report it filed on February 24, 2026. That is up 4.5% from a year earlier.
- What is Innovative Industrial Properties, Inc.'s revenue per employee?
- Innovative Industrial Properties, Inc. brought in $266M of revenue in fiscal Dec 2025, which is $11.6M per employee. That ranks 1 of 16 companies we track in REIT - Industrial, where the median is $1.99M.
- Where do these numbers come from?
- Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.
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Source: employee counts and revenue as stated in Innovative Industrial Properties, Inc.'s annual reports (Form 10-K), latest filed February 24, 2026. This is data, not a recommendation to buy or sell IIPR.