Innovative Industrial Properties, Inc. Common stock (IIPR)

Price$58.56

Value ScoreB

Growth ScoreC

Momentum ScoreB

Favorite Metrics

Price vs S&P 500 (26W)10.50%

Price vs S&P 500 (4W)2.23%

VGM Score60.96

Market Capitalization$1.69B

P/E Ratio (Annual)14.25x

Indicated Dividend Yield (Annual)13.01%

All Metrics

P/CF (Annual)8.50x

Book Value / Share (Quarterly)$66.91

P/TBV (Annual)0.76x

Indicated Dividend (Annual)$7.60

Revenue Growth (3Y)-1.28%

Cash Flow / Share (Quarterly)$6.45

Payout Ratio (TTM)183.04%

Price vs S&P 500 (YTD)15.49%

Gross Margin (TTM)88.46%

Net Profit Margin (TTM)45.58%

EPS (TTM)$4.23

10-Day Avg Trading Volume0.22M

EPS Excl Extra (TTM)$4.23

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)$3.15

P/E Basic Excl Extra (TTM)14.04x

Revenue Growth QoQ (YoY)-3.80%

EPS Growth (5Y)4.45%

P/E Normalized (Annual)14.25x

ROA (Last FY)4.99%

Revenue Growth TTM (YoY)-13.63%

EBITD / Share (TTM)$6.96

ROE (5Y Avg)7.63%

Operating Margin (TTM)46.75%

Cash Flow / Share (Annual)$5.96

P/B Ratio0.89x

P/B Ratio (Quarterly)0.74x

Net Income / Employee (Annual)$5,141,200

EV / Revenue (TTM)7.45x

Net Interest Coverage (TTM)21.13x

ROA (TTM)5.10%

EPS Growth QoQ (YoY)6.02%

EV / EBITDA (TTM)9.94x

EPS Incl Extra (Annual)$4.17

Current Ratio (Annual)0.40x

Quick Ratio (Quarterly)0.73x

3-Month Avg Trading Volume0.31M

52-Week Price Return6.90%

EV / Free Cash Flow (Annual)11.75x

P/E Incl Extra (TTM)14.04x

Revenue / Employee (TTM)$11,444,700

Tangible BV / Share (Quarterly)$66.67

P/S Ratio (Annual)6.34x

Asset Turnover (Annual)0.11x

52-Week High$61.40

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 Return18.42%

Quick Ratio (Annual)0.40x

13-Week Price Return6.36%

Total Debt / Equity (Annual)0.21x

Current Ratio (Quarterly)0.73x

Enterprise Value$1.96B

Revenue / Share Growth (5Y)9.46%

Asset Turnover (TTM)0.11x

Book Value / Share Growth (5Y)0.66%

Revenue / Employee (Annual)$11,563,300

Pretax Margin (Annual)44.46%

Cash / Share (Annual)$1.70

3-Month Return Std Dev41.97%

Gross Margin (5Y Avg)93.07%

Net Income / Employee (TTM)$5,216,500

EBITDA CAGR (5Y)15.20%

EBITDA Interim CAGR (5Y)7.11%

ROE (Last FY)6.40%

Net Interest Coverage (Annual)39.85x

EPS Basic Excl Extra (Annual)$4.17

P/FCF (TTM)9.23x

EV / Free Cash Flow (TTM)10.74x

Total Debt / Equity (Quarterly)0.19x

EPS Incl Extra (TTM)$4.23

ROI (TTM)5.41%

Dividend Growth Rate (5Y)13.11%

P/S Ratio (TTM)6.40x

Pretax Margin (5Y Avg)52.39%

Revenue / Share (Annual)$9.37

Tangible BV / Share (Annual)$65.69

Forward P/E13.06x

Price vs S&P 500 (52W)-17.47%

P/E Ratio (TTM)14.04x

EPS Growth TTM (YoY)-21.18%

Year-to-Date Return23.65%

5-Day Price Return2.16%

EPS Normalized (Annual)$4.17

ROA (5Y Avg)6.12%

Net Profit Margin (Annual)44.46%

Month-to-Date Return0.98%

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)8.43x

ROI (5Y Avg)6.51%

P/E Excl Extra (TTM)14.04x

LT Debt / Equity (Quarterly)0.19x

EPS Basic Excl Extra (TTM)$4.23

P/TBV (Quarterly)0.75x

Payout Ratio (Annual)185.64%

P/B Ratio (Annual)0.76x

Dividend / Share (TTM)$7.75

Pretax Margin (TTM)45.58%

Book Value / Share (Annual)$65.95

Price vs S&P 500 (13W)-1.90%

Net Margin Growth (5Y)-4.58%

Dividend Yield (TTM)13.03%

Beta1.43x

P/FCF (Annual)10.10x

Revenue / Share (TTM)$9.25

ROE (TTM)6.41%

52-Week Low$44.58

vGradeB

gGradeC

mGradeB

vgmGradeB

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Earnings Surprise History

Q1 261.02est. 1.09

Analyst Recommendations

Feb 2026

Mar 2026

Apr 2026

May 2026

2.36

2.55

Industry Peers — Real Estate(36)

Symbol	Value Score	Growth Score	Momentum Score	Price
IIPRInnovative Industrial Properties, Inc. Common stock	B	C	B	$58.56
VTMXCorporacion Inmobiliaria Vesta, S.A.B de C.V., American Depositary Shares, each representing ten (10) Common Shares	D	B	C	$33.82
CBRECBRE GROUP, INC.	C	C	C	$130.93
AHRTAH Realty Trust, Inc.	D	C	B	$6.72
FSVFirstService Corporation Common Shares	C	C	C	$140.68
TRNOTerreno Realty Corporation	D	B	B	$64.33
CWKCushman & Wakefield Ltd.	B	C	B	$13.37
CURBCurbline Properties Corp.	D	B	A	$29.27
UEUBRAN EDGE PROPERTIES	D	C	A	$22.89
GTYGetty Realty Corp.	D	C	B	$32.98
EFCEllington Financial Inc. Common Stock	C	B	B	$13.55

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.