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-Cash Items

Last Annual Value

8.56M

3-Year CAGR

-66%

5-Year CAGR

31%

10-Year CAGR

14%

Adjust for Inflation

Innovative Industrial Properties, Inc. Competitors Analysis of Other Non-Cash Items

IIPR · NYSE

Company	Other Non-Cash Items	CAGR 3Y	CAGR 5Y	CAGR 10Y
Innovative Industrial Properties, Inc. NYSE:IIPR	8.56M	N/A	6.3%	8.7%
KKR Real Estate Finance Trust Inc. NYSE:KREF	117.25M	-13.2%	N/A	N/A
Ellington Financial Inc. NYSE:EFC	500.90M	N/A	N/A	N/A
Apollo Commercial Real Estate Finance, Inc. NYSE:ARI	-8.76M	N/A	N/A	N/A
EPR Properties NYSE:EPR	-2.11M	N/A	N/A	N/A
UMH Properties, Inc. NYSE:UMH	7.96M	-2.5%	N/A	26.9%
Ladder Capital Corp NYSE:LADR	-10.36M	N/A	N/A	N/A
Forestar Group Inc. NYSE:FOR	3.30M	-47.2%	-29.2%	-6.5%
Plymouth Industrial REIT, Inc. NYSE:PLYM	-143.45M	N/A	N/A	N/A
Veris Residential, Inc. NYSE:VRE	-96.50M	N/A	N/A	N/A
TPG RE Finance Trust, Inc. NYSE:TRTX	8.01M	-64.8%	N/A	-5.7%

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

Related Guides

Blog Categories

Continue your IIPR research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.