Innovative Industrial Properties, Inc. (IIPR)

NYSE: IIPR · Real-Time Price · USD

56.80

-0.03 (-0.05%)

Sep 3, 2026, 4:00 PM EDT - Market closed

IIPR Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 3, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	1,566	1,327	1,888	2,827	2,835	6,291
Market Cap Growth	2.45%	-29.71%	-33.21%	-0.29%	-54.94%	54.92%
Enterprise Value	1,970	1,674	2,063	3,026	3,075	6,610
Last Close Price	56.80	44.22	54.19	75.84	69.72	170.12

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 3, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Price/FFO Ratio	9.19	6.52	6.72	9.25	9.13	27.57
Price/AFFO Ratio	8.49	6.11	6.04	8.35	8.25	25.54
PE Ratio	12.84	11.91	11.98	17.37	18.63	56.13
PS Ratio	5.94	4.99	6.12	9.13	10.26	30.76
PB Ratio	0.91	0.72	0.98	1.45	1.45	3.90
P/OCF Ratio	7.97	6.70	7.31	11.06	12.11	33.33

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 3, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
EV/Sales Ratio	7.47	6.30	6.69	9.78	11.13	32.32
EV/EBITDA Ratio	9.73	8.21	8.48	12.39	13.35	37.32
EV/EBIT Ratio	15.39	12.88	11.96	17.09	18.19	48.83

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 3, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Debt / Equity Ratio	0.33	0.21	0.15	0.15	0.15	0.20
Debt / EBITDA Ratio	3.01	1.92	1.22	1.23	1.31	1.84
Net Debt / Equity Ratio	0.22	0.19	0.08	0.08	0.11	0.15
Net Debt / EBITDA Ratio	2.00	1.70	0.62	0.66	0.93	1.38
Asset Turnover	0.11	0.11	0.13	0.13	0.12	0.11
Quick Ratio	3.17	0.17	2.49	2.07	1.42	1.74
Current Ratio	4.58	0.23	2.84	2.72	2.06	2.13
Return on Equity (ROE)	7.38%	6.25%	8.31%	8.46%	8.64%	7.27%
Return on Assets (ROA)	3.28%	3.42%	4.52%	4.61%	4.70%	4.39%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 3, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Earnings Yield	8.06%	8.91%	8.56%	5.86%	5.45%	1.81%
Dividend Yield	13.38%	17.19%	13.88%	9.52%	10.18%	3.36%
Payout Ratio	171.75%	185.64%	132.09%	123.23%	120.02%	116.07%
Buyback Yield / Dilution	-0.97%	0.54%	-0.97%	-2.14%	-5.34%	-34.28%
Total Shareholder Return	12.41%	17.73%	12.90%	7.38%	4.84%	-30.91%

SEC Filings: 10-K · 10-Q