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NYSE: IIPR
Innovative Industrial Properties Inc Stock

$121.70+3.07 (+2.59%)
Updated Jul 16, 2024
IIPR Price
$121.70
Fair Value Price
N/A
Market Cap
$3.45B
52 Week Low
$69.08
52 Week High
$121.82
P/E
21.2x
P/B
1.76x
P/S
9.43x
PEG
0.55x
Dividend Yield
6.03%
Revenue
$308.89M
Earnings
$163.92M
Gross Margin
91.6%
Operating Margin
58.68%
Profit Margin
52.6%
Debt to Equity
0.23
Operating Cash Flow
$262M
Beta
1.3
Next Earnings
Jul 31, 2024
Ex-Dividend
N/A
Next Dividend
N/A

IIPR Overview

Innovative Industrial Properties (REIT) leases to cannabis facilities to state-licensed operators. The company owns 103 properties (7.7 million rentable square feet, including approximately 2.5 million rentable square feet under development/redevelopment) in Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington. Innovative Industrial Propertie was founded in 2016 and is headquartered in Park City, UT.

Zen Score

Industry Average (31)
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Due Diligence Checks

IIPR ($121.70) is trading above its intrinsic value of $109.61, according to an updated version of Benjamin Graham's Formula from Chapter 11 of "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
IIPR is good value based on its earnings relative to its share price (21.2x), compared to the US market average (31.71x)
P/E vs Market Valuation
IIPR is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
There are 35 more IIPR due diligence checks available for Premium users.

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IIPR News

Valuation

IIPR price to earnings (PE)

For valuing profitable companies with steady earnings
Company
21.2x
Industry
33.98x
Market
31.71x
IIPR is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
IIPR is good value based... subscribe to Premium to read more.
P/E vs Market Valuation

IIPR price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
1.76x
Industry
2.4x
IIPR is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

IIPR price to earnings growth (PEG)

For valuing profitable companies with growth potential
IIPR is good value based... subscribe to Premium to read more.
PEG Value Valuation

IIPR's financial health

Profit margin

Revenue
$75.5M
Net Income
$39.4M
Profit Margin
51.8%
IIPR's Earnings (EBIT) of $181.26M... subscribe to Premium to read more.
Interest Coverage Financials
IIPR's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$2.4B
Liabilities
$444.1M
Debt to equity
0.23
IIPR's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
IIPR's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$71.6M
Investing
-$14.4M
Financing
-$45.4M
IIPR's operating cash flow ($262.49M)... subscribe to Premium to read more.
Debt Coverage Financials

IIPR vs Industrial REIT Stocks

TickerMarket Cap1d %P/EP/B
IIPR$3.45B+2.59%21.20x1.76x
NSA$3.41B+3.11%22.97x2.67x
GRP.U$3.39B+3.07%N/A0.86x
LXP$2.98B+1.91%253.50x1.36x
PLYM$1.08B+2.24%53.89x2.22x

Innovative Industrial Properties Stock FAQ

What is Innovative Industrial Properties's quote symbol?

(NYSE: IIPR) Innovative Industrial Properties trades on the NYSE under the ticker symbol IIPR. Innovative Industrial Properties stock quotes can also be displayed as NYSE: IIPR.

If you're new to stock investing, here's how to buy Innovative Industrial Properties stock.

What is the 52 week high and low for Innovative Industrial Properties (NYSE: IIPR)?

(NYSE: IIPR) Innovative Industrial Properties's 52-week high was $121.82, and its 52-week low was $69.08. It is currently -0.1% from its 52-week high and 76.17% from its 52-week low.

How much is Innovative Industrial Properties stock worth today?

(NYSE: IIPR) Innovative Industrial Properties currently has 28,328,647 outstanding shares. With Innovative Industrial Properties stock trading at $121.70 per share, the total value of Innovative Industrial Properties stock (market capitalization) is $3.45B.

Innovative Industrial Properties stock was originally listed at a price of $19.15 in Dec 1, 2016. If you had invested in Innovative Industrial Properties stock at $19.15, your return over the last 7 years would have been 535.51%, for an annualized return of 30.24% (not including any dividends or dividend reinvestments).

How much is Innovative Industrial Properties's stock price per share?

(NYSE: IIPR) Innovative Industrial Properties stock price per share is $121.70 today (as of Jul 16, 2024).

What is Innovative Industrial Properties's Market Cap?

(NYSE: IIPR) Innovative Industrial Properties's market cap is $3.45B, as of Jul 17, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Innovative Industrial Properties's market cap is calculated by multiplying IIPR's current stock price of $121.70 by IIPR's total outstanding shares of 28,328,647.
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