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Innovative Industrial Properties, Inc. Common stock (IIPR)
Price$53.18
Favorite Metrics
Price vs S&P 500 (26W)-5.35%
Price vs S&P 500 (4W)-6.92%
Market Capitalization$1.49B
P/E Ratio (Annual)12.60x
Indicated Dividend Yield (Annual)14.36%
All Metrics
P/CF (Annual)7.52x
Book Value / Share (Quarterly)$65.95
P/TBV (Annual)0.76x
Indicated Dividend (Annual)$7.60
Revenue Growth (3Y)-1.28%
Cash Flow / Share (Quarterly)$5.96
Payout Ratio (TTM)185.64%
Price vs S&P 500 (YTD)7.64%
Gross Margin (TTM)88.65%
Net Profit Margin (TTM)44.46%
EPS (TTM)$4.17
10-Day Avg Trading Volume0.26M
EPS Excl Extra (TTM)$4.17
Revenue Growth (5Y)17.87%
EPS (Annual)$4.17
Dividend / Share (Annual)$7.79
ROI (Annual)5.28%
Gross Margin (Annual)88.65%
Net Profit Margin (5Y Avg)52.39%
Cash / Share (Quarterly)$1.70
P/E Basic Excl Extra (TTM)12.60x
Revenue Growth QoQ (YoY)-13.14%
EPS Growth (5Y)4.45%
P/E Normalized (Annual)12.60x
ROA (Last FY)4.99%
Revenue Growth TTM (YoY)-13.80%
EBITD / Share (TTM)$6.98
ROE (5Y Avg)7.63%
Operating Margin (TTM)46.67%
Cash Flow / Share (Annual)$5.96
P/B Ratio0.81x
P/B Ratio (Quarterly)0.76x
Net Income / Employee (Annual)$5
EV / Revenue (TTM)6.90x
Net Interest Coverage (TTM)21.13x
ROA (TTM)5.05%
EPS Growth QoQ (YoY)-19.95%
EV / EBITDA (TTM)9.26x
EPS Incl Extra (Annual)$4.17
Current Ratio (Annual)0.40x
Quick Ratio (Quarterly)0.40x
3-Month Avg Trading Volume0.36M
52-Week Price Return3.89%
EV / Free Cash Flow (Annual)10.99x
P/E Incl Extra (TTM)12.60x
Revenue / Employee (TTM)$12
Tangible BV / Share (Quarterly)$65.69
P/S Ratio (Annual)5.60x
Asset Turnover (Annual)0.11x
52-Week High$59.83
Operating Margin (5Y Avg)56.67%
EPS Excl Extra (Annual)$4.17
CapEx CAGR (5Y)-43.22%
Tangible BV CAGR (5Y)92.67%
26-Week Price Return3.40%
Quick Ratio (Annual)0.40x
13-Week Price Return4.56%
Total Debt / Equity (Annual)0.21x
Current Ratio (Quarterly)0.40x
Enterprise Value$1,835.018
Revenue / Share Growth (5Y)9.46%
Asset Turnover (TTM)0.11x
Book Value / Share Growth (5Y)0.66%
Revenue / Employee (Annual)$12
Pretax Margin (Annual)44.46%
Cash / Share (Annual)$1.70
3-Month Return Std Dev34.46%
Gross Margin (5Y Avg)93.07%
Net Income / Employee (TTM)$5
EBITDA CAGR (5Y)15.20%
EBITDA Interim CAGR (5Y)9.79%
ROE (Last FY)6.40%
Net Interest Coverage (Annual)21.13x
EPS Basic Excl Extra (Annual)$4.17
P/FCF (TTM)8.92x
EV / Free Cash Flow (TTM)10.99x
Total Debt / Equity (Quarterly)0.21x
EPS Incl Extra (TTM)$4.17
ROI (TTM)5.36%
Dividend Growth Rate (5Y)13.11%
P/S Ratio (TTM)5.60x
Pretax Margin (5Y Avg)52.39%
Revenue / Share (Annual)$9.37
Tangible BV / Share (Annual)$65.69
Forward P/E12.37x
Price vs S&P 500 (52W)-31.21%
P/E Ratio (TTM)12.60x
EPS Growth TTM (YoY)-26.48%
Year-to-Date Return11.78%
5-Day Price Return4.46%
EPS Normalized (Annual)$4.17
ROA (5Y Avg)6.12%
Net Profit Margin (Annual)44.46%
Month-to-Date Return5.54%
Cash Flow / Share (TTM)$8.20
EBITD / Share (Annual)$6.98
EPS Growth (3Y)-9.24%
Operating Margin (Annual)46.67%
LT Debt / Equity (Annual)0.21x
P/CF (TTM)7.52x
ROI (5Y Avg)6.51%
P/E Excl Extra (TTM)12.60x
LT Debt / Equity (Quarterly)0.21x
EPS Basic Excl Extra (TTM)$4.17
P/TBV (Quarterly)0.76x
Payout Ratio (Annual)185.64%
P/B Ratio (Annual)0.76x
Dividend / Share (TTM)$7.79
Pretax Margin (TTM)44.46%
Book Value / Share (Annual)$65.95
Price vs S&P 500 (13W)1.70%
Net Margin Growth (5Y)-4.58%
Dividend Yield (TTM)14.74%
Beta1.46x
P/FCF (Annual)8.92x
Revenue / Share (TTM)$9.40
ROE (TTM)6.29%
52-Week Low$44.58
Analyst Recommendations
Jan 2026
Feb 2026
Mar 2026
Apr 2026
2.36
2.36
2.36
2.55
Industry Peers — Real Estate(28)
| Symbol | Indicated Dividend Yield (Annual) | P/FCF (TTM) | Total Debt / Equity (Quarterly) | Payout Ratio (TTM) | Price |
|---|---|---|---|---|---|
IIPRInnovative Industrial Properties, Inc. Common stock | 14.36% | 8.92x | 0.21x | 185.64% | $53.18 |
VTMXCorporacion Inmobiliaria Vesta, S.A.B de C.V., American Depositary Shares, each representing ten (10) Common Shares | 2.28% | 1074.83x | 0.46x | 28.25% | $36.11 |
CBRECBRE GROUP, INC. | — | 24.57x | 0.88x | — | $152.60 |
REGCORegency Centers Corporation 5.875% Series B Cumulative Redeemable Preferred Stock | 3.73% | 54.43x | 0.69x | 99.57% | $22.17 |
REGCPRegency Centers Corporation 6.25% Series A Cumulative Redeemable Preferred Stock | 3.73% | 54.43x | 0.69x | 99.57% | $23.36 |
AHRTAH Realty Trust, Inc. | 9.26% | 126.77x | 0.58x | — | $6.14 |
FSVFirstService Corporation Common Shares | 0.69% | 22.01x | 0.79x | 33.70% | $149.99 |
TRNOTerreno Realty Corporation | 3.11% | 50.46x | 0.23x | 50.59% | $67.13 |
CWKCushman & Wakefield Ltd. | — | 7.38x | 1.41x | — | $14.85 |
CURBCurbline Properties Corp. | 2.30% | — | 0.22x | 194.29% | $27.64 |
UEUBRAN EDGE PROPERTIES | 3.87% | 49.44x | 1.25x | 102.15% | $21.71 |
About
Innovative Industrial Properties is a REIT specializing in industrial and commercial real estate leased to regulated cannabis operators across the United States. The company generates the majority of its revenue from long-term cannabis facility leases structured as triple-net agreements, while maintaining a secondary Life Science Portfolio. Operating through an UPREIT structure, the company provides stable rental income from state-licensed cannabis operators.