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

Depreciation and Amortization

Last Annual Value

74.07M

3-Year CAGR

5-Year CAGR

21%

10-Year CAGR

Adjust for Inflation

Innovative Industrial Properties, Inc. Competitors Analysis of Depreciation and Amortization

IIPR · NYSE

Company	Depreciation and Amortization	CAGR 3Y	CAGR 5Y	CAGR 10Y
Innovative Industrial Properties, Inc. NYSE:IIPR	74.07M	3.3%	12.1%	120.7%
KKR Real Estate Finance Trust Inc. NYSE:KREF	2.60M	N/A	N/A	N/A
Ellington Financial Inc. NYSE:EFC	0.00	N/A	N/A	N/A
Apollo Commercial Real Estate Finance, Inc. NYSE:ARI	-15.88M	N/A	N/A	N/A
EPR Properties NYSE:EPR	169.16M	0.3%	0.7%	4.6%
UMH Properties, Inc. NYSE:UMH	66.56M	6.1%	8.1%	11.1%
Ladder Capital Corp NYSE:LADR	30.70M	3.0%	-3.1%	-2.4%
Forestar Group Inc. NYSE:FOR	3.50M	5.3%	5.3%	-24.1%
Plymouth Industrial REIT, Inc. NYSE:PLYM	84.53M	-2.3%	4.3%	22.3%
Veris Residential, Inc. NYSE:VRE	92.56M	2.4%	-3.2%	-6.8%
TPG RE Finance Trust, Inc. NYSE:TRTX	12.63M	53.4%	N/A	84.3%

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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