NYSE: IIPRInnovative Industrial Properties Inc Stock
$93.88+0.26 (+0.28%)
Updated Apr 18, 2024
IIPR Price
$93.88
Fair Value Price
N/A
Market Cap
$2.65B
52 Week Low
$63.36
52 Week High
$105.81
P/E
16.13x
P/B
1.36x
P/S
9.11x
PEG
0.44x
Dividend Yield
7.71%
Revenue
$309.51M
Earnings
$165.59M
Gross Margin
92%
Operating Margin
59.14%
Profit Margin
53.1%
Debt to Equity
0.22
Operating Cash Flow
$256M
Beta
1.32
Next Earnings
May 6, 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 (33)
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Due Diligence Checks
IIPR ($93.88) is trading below its intrinsic value of $106.57, 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 (16.13x), compared to the US market average (41.33x)
P/E vs Market Valuation
IIPR is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
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IIPR News
Valuation
IIPR price to earnings (PE)
For valuing profitable companies with steady earnings
Company
16.13x
Industry
28.36x
Market
41.33x
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
1.36x
Industry
2.05x
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
$79.2M
Net Income
$41.6M
Profit Margin
52.2%
IIPR's Earnings (EBIT) of $183.06M... 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
$438.1M
Debt to equity
0.22
IIPR's debt has increased relative... 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
$66.1M
Investing
-$789.0k
Financing
-$42.1M
IIPR's operating cash flow ($255.54M)... subscribe to Premium to read more.
Debt Coverage Financials
IIPR vs Industrial REIT Stocks
Innovative Industrial Properties Stock FAQ
Company
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.