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

Other Non-Current Assets

Last Annual Value

-2.29B

3-Year CAGR

-28%

5-Year CAGR

-27%

10-Year CAGR

-54%

Adjust for Inflation

Innovative Industrial Properties, Inc. Competitors Analysis of Other Non-Current Assets

IIPR · NYSE

Company	Other Non-Current Assets	CAGR 3Y	CAGR 5Y	CAGR 10Y
Innovative Industrial Properties, Inc. NYSE:IIPR	-2.29B	N/A	N/A	N/A
KKR Real Estate Finance Trust Inc. NYSE:KREF	5.66B	-8.2%	-2.4%	N/A
Ellington Financial Inc. NYSE:EFC	-18.78B	N/A	N/A	N/A
Apollo Commercial Real Estate Finance, Inc. NYSE:ARI	8.80B	1.3%	2.3%	N/A
EPR Properties NYSE:EPR	-60.92M	N/A	N/A	N/A
UMH Properties, Inc. NYSE:UMH	1.42B	173.7%	8.4%	13.3%
Ladder Capital Corp NYSE:LADR	-2.13B	N/A	N/A	N/A
Forestar Group Inc. NYSE:FOR	2.66B	14.1%	6.9%	24.6%
Plymouth Industrial REIT, Inc. NYSE:PLYM	1.22B	-3.5%	104.8%	90.4%
Veris Residential, Inc. NYSE:VRE	2.61B	765.2%	-6.1%	N/A
TPG RE Finance Trust, Inc. NYSE:TRTX	4.05B	N/A	352.1%	N/A

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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