IIPR - NYSE

Innovative Industrial Properties, Inc.

IIPR·NYSE

$57.27

+2.0%

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.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$1.65B

EPS3.9800

P/E Ratio11.59

Earnings Date08/05/2026

iipr

Net Receivables

Last Annual Value

16.80M

3-Year CAGR

-2%

5-Year CAGR

10-Year CAGR

Adjust for Inflation

Innovative Industrial Properties, Inc. Competitors Analysis of Net Receivables

IIPR · NYSE

Company	Net Receivables	CAGR 3Y	CAGR 5Y	CAGR 10Y
Innovative Industrial Properties, Inc. NYSE:IIPR	16.80M	-8.6%	5.4%	N/A
KKR Real Estate Finance Trust Inc. NYSE:KREF	25.20M	-15.0%	10.6%	23.8%
Ellington Financial Inc. NYSE:EFC	213.13M	-28.6%	-0.2%	-9.2%
Apollo Commercial Real Estate Finance, Inc. NYSE:ARI	70.83M	-0.7%	11.4%	13.9%
EPR Properties NYSE:EPR	877.67M	11.3%	63.2%	24.3%
UMH Properties, Inc. NYSE:UMH	104.59M	8.9%	13.6%	17.8%
Ladder Capital Corp NYSE:LADR	2.17B	-11.3%	175.6%	56.2%
Forestar Group Inc. NYSE:FOR	21.60M	-5.6%	81.4%	0.9%
Plymouth Industrial REIT, Inc. NYSE:PLYM	0.00	N/A	N/A	N/A
Veris Residential, Inc. NYSE:VRE	3.64M	-21.5%	-45.9%	-28.9%
TPG RE Finance Trust, Inc. NYSE:TRTX	29.15M	-33.4%	-64.1%	-5.1%

Innovative Industrial Properties, Inc. Fair Value Envelope

IIPR · NYSE

Our analysis suggests that IIPR has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $57.27, this represents a potential HIDDEN relative to our calculated worth for Innovative Industrial Properties, Inc..

HIDDEN

Intrinsic Value

Current Price: $57.27

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