Innovative Industrial Properties, Inc. (IIPR)
NYSE: IIPR · Real-Time Price · USD
57.53
-0.19 (-0.33%)
At close: Aug 13, 2026, 4:00 PM EDT
59.25
+1.72 (2.99%)
After-hours: Aug 13, 2026, 7:56 PM EDT

IIPR Statistics

Total Valuation

IIPR has a market cap or net worth of $1.59 billion. The enterprise value is $1.99 billion.

Market Cap1.59B
Enterprise Value 1.99B

Important Dates

The last earnings date was Monday, August 3, 2026, after market close.

Earnings Date Aug 3, 2026
Ex-Dividend Date Jun 30, 2026

Share Statistics

IIPR has 27.57 million shares outstanding. The number of shares has increased by 0.97% in one year.

Current Share Class 27.57M
Shares Outstanding 27.57M
Shares Change (YoY) +0.97%
Shares Change (QoQ) +5.36%
Owned by Insiders (%) 2.10%
Owned by Institutions (%) 75.73%
Float 26.99M

Valuation Ratios

The trailing PE ratio is 13.00 and the forward PE ratio is 13.83.

Price/FFO Ratio 8.52
Price/AFFO Ratio 7.80
PE Ratio 13.00
Forward PE 13.83
PS Ratio 6.01
Forward PS 6.01
PB Ratio 0.92
P/TBV Ratio 0.92
P/FCF Ratio 8.52
P/OCF Ratio 8.07
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 9.47, with an EV/FCF ratio of 10.70.

EV / Earnings 15.77
EV / Sales 7.55
EV / EBITDA 9.47
EV / EBIT 14.67
EV / FCF 10.70

Financial Position

The company has a current ratio of 4.58, with a Debt / Equity ratio of 0.33.

Current Ratio 4.58
Quick Ratio 3.17
Debt / Equity 0.33
Debt / EBITDA 2.90
Debt / FCF 3.27
Interest Coverage 5.21

Financial Efficiency

Return on equity (ROE) is 7.39% and return on invested capital (ROIC) is 3.46%.

Return on Equity (ROE) 7.39%
Return on Assets (ROA) 3.28%
Return on Invested Capital (ROIC) 3.46%
Return on Capital Employed (ROCE) 5.39%
Weighted Average Cost of Capital (WACC) 9.57%
Revenue Per Employee $10.99M
Profits Per Employee $5.26M
Employee Count24
Asset Turnover 0.11
Inventory Turnover n/a

Taxes

Income Tax n/a
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +9.71% in the last 52 weeks. The beta is 1.40, so IIPR's price volatility has been higher than the market average.

Beta (5Y) 1.40
52-Week Price Change +9.71%
50-Day Moving Average 60.88
200-Day Moving Average 54.00
Relative Strength Index (RSI) 37.50
Average Volume (20 Days) 314,543

Short Selling Information

The latest short interest is 3.89 million, so 14.11% of the outstanding shares have been sold short.

Short Interest 3.89M
Short Previous Month 3.74M
Short % of Shares Out 14.11%
Short % of Float 14.41%
Short Ratio (days to cover) 10.40

Income Statement

In the last 12 months, IIPR had revenue of $263.65 million and earned $126.20 million in profits. Earnings per share was $4.43.

Revenue263.65M
Gross Profit 232.95M
Operating Income 128.05M
Pretax Income 137.81M
Net Income 126.20M
EBITDA 210.18M
EBIT 135.62M
Earnings Per Share (EPS) $4.43
Full Income Statement

Balance Sheet

The company has $204.73 million in cash and $609.03 million in debt, with a net cash position of -$404.30 million or -$14.66 per share.

Cash & Cash Equivalents 204.73M
Total Debt 609.03M
Net Cash -404.30M
Net Cash Per Share -$14.66
Equity (Book Value) 1.85B
Book Value Per Share 62.48
Working Capital 231.57M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $196.45 million and capital expenditures -$10.48 million, giving a free cash flow of $185.97 million.

Operating Cash Flow 196.45M
Capital Expenditures -10.48M
Depreciation & Amortization 74.56M
Net Borrowing n/a
Free Cash Flow 185.97M
FCF Per Share $6.75
Full Cash Flow Statement

Margins

Gross margin is 88.35%, with operating and profit margins of 48.57% and 52.27%.

Gross Margin 88.35%
Operating Margin 48.57%
Pretax Margin 52.27%
Profit Margin 52.27%
EBITDA Margin 79.72%
EBIT Margin 51.44%
FCF Margin 70.54%

Dividends & Yields

This stock pays an annual dividend of $7.60, which amounts to a dividend yield of 13.21%.

Dividend Per Share $7.60
Dividend Yield 13.21%
Dividend Growth (YoY) n/a
Years of Dividend Growth 8
Payout Ratio 171.75%
Buyback Yield -0.97%
Shareholder Yield 12.21%
Earnings Yield 7.96%
FCF Yield 11.73%
Dividend Details

Analyst Forecast

The average price target for IIPR is $63.25, which is 9.94% higher than the current price. The consensus rating is "Hold".

Price Target $63.25
Price Target Difference 9.94%
Analyst Consensus Hold
Analyst Count 6
Revenue Growth Forecast (3Y) 4.01%
EPS Growth Forecast (3Y) n/a
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

Altman Z-Score n/a
Piotroski F-Score 5