Cannabis Real Estate Headwinds Will Erode Future Returns

Published
04 Sep 24
Updated
14 Aug 25
AnalystConsensusTarget's Fair Value
US$58.25
5.7% undervalued intrinsic discount
14 Aug
US$54.92
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1Y
-55.9%
7D
5.1%

Author's Valuation

US$58.3

5.7% undervalued intrinsic discount

AnalystConsensusTarget Fair Value

Shared on10 Aug 25
Fair value Decreased 11%

Despite improved revenue growth forecasts and a lower forward P/E ratio indicating a potentially more attractive valuation, the consensus analyst price target for Innovative Industrial Properties has been reduced from $65.25 to $60.25. What's in the News Innovative Industrial Properties, Inc.

Shared on08 May 25
Fair value Decreased 1.35%

Shared on30 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on23 Apr 25
Fair value Decreased 2.91%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on17 Apr 25
Fair value Decreased 2.81%

AnalystConsensusTarget has decreased revenue growth from -4.9% to -6.2%.

Shared on09 Apr 25

AnalystConsensusTarget has increased profit margin from 43.3% to 49.5% and decreased future PE multiple from 21.2x to 18.6x.

Shared on02 Apr 25
Fair value Decreased 10%

AnalystConsensusTarget has decreased revenue growth from -1.1% to -4.9% and increased future PE multiple from 18.9x to 21.2x.

Shared on26 Mar 25
Fair value Decreased 1.00%

AnalystConsensusTarget has increased revenue growth from -0.1% to -1.1%.

Shared on19 Mar 25
Fair value Decreased 6.55%

AnalystConsensusTarget has decreased revenue growth from 0.4% to -0.1%.

Shared on11 Mar 25
Fair value Increased 25%

AnalystConsensusTarget has decreased revenue growth from -2.0% to 0.4% and decreased future PE multiple from 24.0x to 18.9x.