IIPR Stock Overview
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities.
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
Innovative Industrial Properties, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$83.93 |
| 52 Week High | US$125.38 |
| 52 Week Low | US$63.36 |
| Beta | 1.59 |
| 1 Month Change | 4.14% |
| 3 Month Change | -4.32% |
| 1 Year Change | -29.28% |
| 3 Year Change | -45.11% |
| 5 Year Change | 68.06% |
| Change since IPO | 338.28% |
Recent News & Updates
Innovative Industrial Properties: Buying The Bullish Reversal Pattern Amid Strong Financials
Nov 17Innovative Industrial Properties: 9% Yield And Fed Pivot Form Conditions For Cannabis Rally
Nov 06Innovative Industrial Properties Is The Best Value Opportunity
Oct 11Recent updates
Innovative Industrial Properties: Buying The Bullish Reversal Pattern Amid Strong Financials
Nov 17Innovative Industrial Properties: 9% Yield And Fed Pivot Form Conditions For Cannabis Rally
Nov 06Innovative Industrial Properties Is The Best Value Opportunity
Oct 11Innovative Industrial Properties: A Speculative Buy
Sep 26Innovative Industrial Properties: Is It A Falling Knife Here?
Sep 03Innovative Industrial: Top Cannabis Pick With 9% Dividend Yield
Aug 25Innovative Industrial REIT Prevails Over Bears As Cannabis No Longer A Clear Sell
Aug 07Innovative Industrial: The 10% Yield Gives Plenty Of Comfort
Jul 09Innovative Industrial: 10% Dividend Yield, Deep Value From Cannabis Landlord
Jun 21Innovative Industrial Properties: Cannabis Is Sinking, Should You Avoid The 10% Yield?
Jun 07Innovative Industrial Properties: Our Favorite REIT Trading At A Discount
Feb 23Innovative Industrial Properties updates on properties as of Dec. 31, 2022
Jan 19Innovative Industrial Properties (NYSE:IIPR) Ticks All The Boxes When It Comes To Earnings Growth
Jan 10
Top REIT Pick: Innovative Industrial Properties Yields 7% With Fast Growth
Dec 21Innovative Industrial Properties declares $1.80 dividend
Dec 15Innovative Industrial Properties: Bears Hunted
Nov 09Innovative Industrial Properties Q3 2022 Earnings Preview
Nov 01Innovative Industrial Is A Buy When The Forest Is On Fire
Oct 22Innovative Industrial Properties (NYSE:IIPR) Ticks All The Boxes When It Comes To Earnings Growth
Sep 29Innovative Industrial Properties raises dividend by 2.9% to $1.80
Sep 15Innovative Industrial Properties: High-Growth Cannabis REIT With 7.6% Yield
Aug 31Innovative Industrial: Separating The 'Weed' From The Chaff
Aug 19Innovative Industrial Properties FFO of $1.97 misses by $0.01, revenue of $70.51M beats by $1.44M
Aug 03Innovative Industrial Properties: One Of The Few REITs We're Interested In
Jul 27Cannabis REITs Are The Perfect Setup While We Wait For Federal Legalization (Podcast Transcript)
Jul 20Cannabis REITs Are The Perfect Setup While We Wait For Federal Legalization
Jul 06Innovative Industrial Properties amends lease with Green Thumb Industries for Pennsylvania property
Jun 30Innovative Industrial Properties: Far Too Cheap By Any Valuation Metric
Jun 19Innovative Industrial Properties: Smoking Hot Total Return Prospects Ahead
Jun 07Is Now The Time To Put Innovative Industrial Properties (NYSE:IIPR) On Your Watchlist?
May 24Innovative Industrial Properties: 5.1% Yield With Impressive Dividend Growth
May 18Innovative Industrial Properties: My Oh My, A Super Strong Buy
May 12Cannabis Investors, Fake It Till You Make It (Podcast Transcript)
May 03Why I Just Bought More Innovative Industrial Properties
Apr 16Innovative Industrial Properties: SAFE Banking And Its Cannabis Dividend
Apr 07Innovative Industrial Properties: Poised For CAGR Returns North Of 20% From Here
Mar 08Should You Be Adding Innovative Industrial Properties (NYSE:IIPR) To Your Watchlist Today?
Feb 18Innovative Industrial Properties: Double Your Money In 2 Years
Feb 10Innovative Industrial Properties: Don't Miss This Buying Opportunity
Feb 01Innovative Industrial Properties: The Biggest Cannabis REIT For 2022
Jan 20Innovative Industrial Properties Is A Dipper, And It Just Dipped
Jan 13Innovative Industrial Properties: Hypergrowth Is Finished, But Market-Beating Returns Will Continue
Dec 15If You Like EPS Growth Then Check Out Innovative Industrial Properties (NYSE:IIPR) Before It's Too Late
Nov 05Shareholder Returns
| IIPR | US Industrial REITs | US Market | |
|---|---|---|---|
| 7D | 4.4% | 5.1% | 1.1% |
| 1Y | -29.3% | -0.2% | 11.7% |
Return vs Industry: IIPR underperformed the US Industrial REITs industry which returned -0.2% over the past year.
Return vs Market: IIPR underperformed the US Market which returned 11.7% over the past year.
Price Volatility
| IIPR volatility | |
|---|---|
| IIPR Average Weekly Movement | 5.3% |
| Industrial REITs Industry Average Movement | 3.9% |
| Market Average Movement | 6.1% |
| 10% most volatile stocks in US Market | 15.5% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: IIPR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: IIPR's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2016 | 21 | Paul Smithers | https://www.innovativeindustrialproperties.com |
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
Innovative Industrial Properties, Inc. Fundamentals Summary
| IIPR fundamental statistics | |
|---|---|
| Market Cap | US$2.35b |
| Earnings (TTM) | US$162.79m |
| Revenue (TTM) | US$300.81m |
14.5x
P/E Ratio7.8x
P/S RatioIs IIPR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IIPR income statement (TTM) | |
|---|---|
| Revenue | US$300.81m |
| Cost of Revenue | US$20.99m |
| Gross Profit | US$279.82m |
| Other Expenses | US$117.03m |
| Earnings | US$162.79m |
Last Reported Earnings
Sep 30, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.81 |
| Gross Margin | 93.02% |
| Net Profit Margin | 54.12% |
| Debt/Equity Ratio | 15.4% |
How did IIPR perform over the long term?
See historical performance and comparison