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IIPR Innovative Industrial Properties, Inc.

New York Stock Exchange · REIT - Industrial · Real Estate

$55.99
-1.54 (-2.68%)

Innovative Industrial Properties, Inc. is an independently managed, Maryland-based corporation primarily focused on acquiring, owning, and overseeing unique real estate assets. These properties are subsequently leased to experienced, state-licensed operators who utilize them for their regulated medical cannabis facilities. For tax purposes, the company adopted the structure of a Real Estate Invest…

Price (90d)

$59.16
$52.90$56.82$60.75$64.67
Apr 30Aug 7

Signal Score (90d)

100
100
Aug 8Aug 8

Quote

Day Range
$55.95 – $57.75
52-Week Range
$44.58 – $65.38
Volume
$362.6K
Market Cap
$1.62B
50-Day Avg
$60.85
200-Day Avg
$54.01
Prev Close
$57.53
Open
$57.45

Valuation & Ratios

P/E Ratio
11.90
EPS
$4.09
P/B Ratio
0.72
P/S Ratio
4.99
Debt/Equity
0.21
Current Ratio
0.15
Dividend Yield
+16.6%
Gross Margin
+88.7%

Returns & Efficiency

Return on Equity
+6.2%
Return on Assets
+4.8%
FCF Yield
+13.2%
EV/EBITDA
8.01

Revenue & Net Income (Annual)

Fiscal YearRevenueNet IncomeEPS
2025$265.95M$114.44M$3.98
2024$308.52M$161.66M$5.58
2023$309.51M$165.59M$5.82
2022$276.36M$154.39M$5.57
2021$204.55M$113.99M$4.69

Social Signal Score

50
5d
30d
50
1 mentions
-8.5%
60d
50
1 mentions
-0.7%
90d
50
1 mentions
+9.6%
news: 1

Earnings

Mon, Nov 2(in 3 months)

Consensus estimate $1.08 per share

5of 7 quarters beat consensus

Typical surprise +0.0% (median, so one quarter with a near-zero estimate can't distort it)

  • Mon, Aug 3$1.36 vs $1.02beat
  • Mon, May 4$1.04 vs $1.07miss
  • Mon, Feb 23$1.88 vs $1.05beat
  • Mon, Nov 3$1.71 vs $1.71beat
  • Wed, Aug 6$1.71 vs $1.61beat
  • Wed, May 7$1.94 vs $1.99miss

Estimates and results for IIPR via Financial Modeling Prep. Beating consensus says the company cleared the bar analysts set, not that the business grew.

Valuation

Project earnings forward and see what return today's price implies.

Seeded from IIPR's reported EPS growth of -4.0% a year over 4 years.

EPS in 5 years
$3.33
Implied price
$39.98
Return from $55.99
-6.5% a year

To earn 15.0% a year on these assumptions you'd need to buy at $19.88 -64.5% below today's price.

How sensitive is that answer?

Annual return across nearby assumptions. If the result is only attractive in one corner, that is the finding.

growth \ P/E810121416
-14.0%-22.8%-19.3%-16.3%-13.6%-11.3%
-9.0%-18.3%-14.6%-11.4%-8.6%-6.1%
-4.0%-13.8%-9.9%-6.5%-3.6%-1.0%
1.0%-9.3%-5.2%-1.6%1.4%4.2%
6.0%-4.8%-0.5%3.2%6.5%9.3%

This is arithmetic on assumptions you chose, not a forecast or a recommendation. It ignores dividends, buybacks, share issuance and debt, and it assumes a company still earning money in 5 years. Change any input and the answer changes a lot — that sensitivity is the honest result, not a flaw in the model.

Mentions (1)

  • Newsseekingalpha.com·7d ago·Neutral

    1 REIT To Sell And 1 Better REIT To Buy Not all REITs are equally attractive. Capital recycling is key to maximizing returns. I present an example of a REIT to sell and one to buy.

    View source ↗