IIPR - NYSE

Innovative Industrial Properties, Inc.

Innovative Industrial Properties, Inc.

IIPRยทNYSE

$57.91

+1.1%
Real EstateREIT - Industrial

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 medical-use 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.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$1.67B
EPS3.9800
P/E Ratio14.55
Earnings Date08/05/2026
Innovative Industrial Properties, Inc.

Innovative Industrial Properties, Inc. Fair Value Envelope

IIPR ยท NYSE

Our analysis suggests that IIPR has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $57.915, this represents a potential HIDDEN relative to our calculated worth for Innovative Industrial Properties, Inc..

HIDDEN
Intrinsic Value
Current Price: $57.915

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$351.5M
+ Cash & Equivalents$47.6M
Firm Value$399.1M
- Debt$393.7M
Equity Value$5.4M
/ Shares Outstanding28,022,975B
DCF Value$0
OVERVALUED BY 100%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$134.0M
$90.6M
$61.3M
$41.4M
$28.0M
$18.9M
$12.8M
$8.7M
$5.9M
$4.0M
Maintenance CapEx
-$3.2M
-$2.1M
-$1.4M
-$979.7K
-$662.5K
-$447.9K
-$302.9K
-$204.8K
-$138.5K
-$93.6K
Owner Earnings
$130.8M
$88.5M
$59.8M
$40.5M
$27.4M
$18.5M
$12.5M
$8.5M
$5.7M
$3.9M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$121.2M
$75.9M
$47.5M
$29.7M
$18.6M
$11.7M
$7.3M
$4.6M
$2.9M
$1.8M
Terminal Value represents 8.7% of Enterprise Value

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