IIPR Stock Overview
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. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
No risks detected for IIPR from our risk checks.
My Notes
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Strong Liquidity And Cannabis Reforms May Boost Future Growth
Innovative Industrial Properties, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$73.66 |
| 52 Week High | US$138.35 |
| 52 Week Low | US$70.88 |
| Beta | 1.33 |
| 1 Month Change | -30.05% |
| 3 Month Change | -45.40% |
| 1 Year Change | -26.88% |
| 3 Year Change | -70.64% |
| 5 Year Change | -2.23% |
| Change since IPO | 284.65% |
Recent News & Updates
Innovative Industrial Properties: Is U.S. Cannabis Now Uninvestable?
Nov 25Innovative Industrial Properties Falls After Florida Vote And Earnings Miss, But It Now Yields Over 7%
Nov 10Recent updates
Innovative Industrial Properties: Is U.S. Cannabis Now Uninvestable?
Nov 25Innovative Industrial Properties Falls After Florida Vote And Earnings Miss, But It Now Yields Over 7%
Nov 10Innovative Industrial Properties' Quiet Rise As Dividend Leader
Oct 16Innovative Industrial Properties: Great Opportunities Ahead For This Industry Leader
Sep 30Innovative Industrial Properties: Preferred Shares Offering Attractive 8.5% Dividend Yield
Sep 16Innovative Industrial: Why It Is Time To Move To The Sidelines (Rating Downgrade)
Aug 23Innovative Industrial: Staying Neutral As Positives Roughly Balance Risks
Jul 16Innovative Industrial Properties: The Cannabis Rescheduling Catalyst For This 6.7% Yield
Jun 14Innovative Industrial Properties: Fair Price, No Signs Of Recreating Its Past
May 14Innovative Industrial Properties: Attractive Ahead Of Bullish Catalysts
Apr 09Innovative Industrial Properties: 7.2% Dividend With Visible Near-Term Catalyst
Apr 02Innovative Industrial Properties: Will It Have You Rolling In The Green?
Mar 09Innovative Industrial Properties' Q4 Earnings: We Maintain Strong Buy
Feb 27Innovative Industrial Properties: Probably Best Not To Chase
Jan 18Innovative Industrial Properties: A Timely Update For This 7.4% Yield
Dec 18Innovative 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 20Shareholder Returns
| IIPR | US Industrial REITs | US Market | |
|---|---|---|---|
| 7D | -29.7% | -7.1% | -2.4% |
| 1Y | -26.9% | -20.9% | 23.3% |
Return vs Industry: IIPR underperformed the US Industrial REITs industry which returned -20.9% over the past year.
Return vs Market: IIPR underperformed the US Market which returned 23.3% over the past year.
Price Volatility
| IIPR volatility | |
|---|---|
| IIPR Average Weekly Movement | 7.9% |
| Industrial REITs Industry Average Movement | 3.7% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: IIPR has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: IIPR's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2016 | 22 | Paul Smithers | 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$2.70b |
| Earnings (TTM) | US$159.63m |
| Revenue (TTM) | US$310.93m |
13.1x
P/E Ratio6.7x
P/S RatioIs IIPR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IIPR income statement (TTM) | |
|---|---|
| Revenue | US$310.93m |
| Cost of Revenue | US$28.06m |
| Gross Profit | US$282.87m |
| Other Expenses | US$123.24m |
| Earnings | US$159.63m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.63 |
| Gross Margin | 90.98% |
| Net Profit Margin | 51.34% |
| Debt/Equity Ratio | 15.3% |
How did IIPR perform over the long term?
See historical performance and comparisonDividends
10.3%
Current Dividend Yield91%
Payout RatioDoes IIPR pay a reliable dividends?
See IIPR dividend history and benchmarks| Innovative Industrial Properties dividend dates | |
|---|---|
| Ex Dividend Date | Dec 31 2024 |
| Dividend Pay Date | Jan 15 2025 |
| Days until Ex dividend | 10 days |
| Days until Dividend pay date | 25 days |
Does IIPR pay a reliable dividends?
See IIPR dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 04:39 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Innovative Industrial Properties, Inc. is covered by 10 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Aaron Grey | Alliance Global Partners |
| Michael Gorman | BTIG |
| Merrill Ross | Compass Point Research & Trading, LLC |