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NYSE: IIPR
Innovative Industrial Properties Inc Stock

$93.13-1.47 (-1.55%)
Updated Feb 3, 2023
IIPR Price
$93.13
Fair Value Price
N/A
Market Cap
$2.61B
52 Week Low
$81.00
52 Week High
$211.17
P/E
17.64x
P/B
1.32x
P/S
9.34x
PEG
0.33x
Dividend Yield
7.62%
Revenue
$264.84M
Earnings
$141.51M
Gross Margin
96.6%
Operating Margin
60.98%
Profit Margin
52.9%
Debt to Equity
0.24
Operating Cash Flow
$227M
Beta
1.2
Next Earnings
Feb 21, 2023
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 (32)
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Due Diligence Checks

IIPR ($93.13) is trading below its intrinsic value of $139.85, 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 poor value based on its earnings relative to its share price (17.64x), compared to the US market average (15.09x)
P/E vs Market Valuation
IIPR is poor 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
17.64x
Industry
14.51x
Market
15.09x
IIPR is poor value based... subscribe to Premium to read more.
P/E vs Industry Valuation
IIPR is poor 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
1.32x
Industry
3.26x
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
$70.9M
Net Income
$37.6M
Profit Margin
52.6%
IIPR's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$2.4B
Liabilities
$463.8M
Debt to equity
0.24
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
$56.8M
Investing
$25.2M
Financing
-$49.5M

IIPR vs Industrial REIT Stocks

TickerMarket Cap1d %P/EP/B
IIPR$2.61B-1.55%17.64x1.32x
NSA$3.82B-1.01%45.20x2.25x
PLYM$974.40M-0.18%-28.43x2.00x
GRP.U$4.24B+3.79%N/A1.01x
LAND$675.69M-1.67%-59.00x0.96x

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 $211.17, and its 52-week low was $81.00. It is currently -55.9% from its 52-week high and 14.98% from its 52-week low.

How much is Innovative Industrial Properties stock worth today?

(NYSE: IIPR) Innovative Industrial Properties currently has 27,972,947 outstanding shares. With Innovative Industrial Properties stock trading at $93.13 per share, the total value of Innovative Industrial Properties stock (market capitalization) is $2.61B.

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 6 years would have been 386.32%, for an annualized return of 30.16% (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 $93.13 today (as of Feb 3, 2023).

What is Innovative Industrial Properties's Market Cap?

(NYSE: IIPR) Innovative Industrial Properties's market cap is $2.61B, as of Feb 6, 2023.

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 $93.13 by IIPR's total outstanding shares of 27,972,947.
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