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

Stock Based Compensation

Last Annual Value

10.13M

3-Year CAGR

-17%

5-Year CAGR

25%

10-Year CAGR

Adjust for Inflation

Innovative Industrial Properties, Inc. Competitors Analysis of Stock Based Compensation

IIPR · NYSE

Company	Stock Based Compensation	CAGR 3Y	CAGR 5Y	CAGR 10Y
Innovative Industrial Properties, Inc. NYSE:IIPR	10.13M	-19.7%	3.3%	67.6%
KKR Real Estate Finance Trust Inc. NYSE:KREF	7.93M	-0.6%	1.3%	N/A
Ellington Financial Inc. NYSE:EFC	0.00	N/A	N/A	N/A
Apollo Commercial Real Estate Finance, Inc. NYSE:ARI	13.63M	-7.9%	-5.0%	11.8%
EPR Properties NYSE:EPR	0.00	N/A	N/A	N/A
UMH Properties, Inc. NYSE:UMH	5.36M	3.1%	9.2%	17.6%
Ladder Capital Corp NYSE:LADR	20.33M	3.0%	5.8%	1.4%
Forestar Group Inc. NYSE:FOR	7.30M	19.3%	22.9%	6.1%
Plymouth Industrial REIT, Inc. NYSE:PLYM	4.20M	12.3%	21.9%	N/A
Veris Residential, Inc. NYSE:VRE	2.17M	N/A	-27.9%	-9.7%
TPG RE Finance Trust, Inc. NYSE:TRTX	9.81M	6.9%	11.2%	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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