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 Liabilities

Last Annual Value

129.18M

3-Year CAGR

308%

5-Year CAGR

42%

10-Year CAGR

50%

Adjust for Inflation

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

IIPR · NYSE

Company	Other Non-Current Liabilities	CAGR 3Y	CAGR 5Y	CAGR 10Y
Innovative Industrial Properties, Inc. NYSE:IIPR	129.18M	194.5%	156.3%	N/A
KKR Real Estate Finance Trust Inc. NYSE:KREF	545.90M	87.0%	63.5%	N/A
Ellington Financial Inc. NYSE:EFC	518.17M	N/A	N/A	N/A
Apollo Commercial Real Estate Finance, Inc. NYSE:ARI	126.86M	-1.6%	2.5%	N/A
EPR Properties NYSE:EPR	121.16M	N/A	9.0%	N/A
UMH Properties, Inc. NYSE:UMH	10.84M	4.3%	6.5%	9.6%
Ladder Capital Corp NYSE:LADR	52.52M	-19.1%	5.6%	N/A
Forestar Group Inc. NYSE:FOR	22.10M	81.4%	76.2%	-8.9%
Plymouth Industrial REIT, Inc. NYSE:PLYM	51.45M	49.4%	25.8%	69.4%
Veris Residential, Inc. NYSE:VRE	65.36M	63.4%	N/A	N/A
TPG RE Finance Trust, Inc. NYSE:TRTX	47.26M	N/A	102.9%	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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