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

Cost of Revenue

Last Annual Value

30.18M

3-Year CAGR

42%

5-Year CAGR

44%

10-Year CAGR

Adjust for Inflation

Innovative Industrial Properties, Inc. Competitors Analysis of Cost of Revenue

IIPR · NYSE

Company	Cost of Revenue	CAGR 3Y	CAGR 5Y	CAGR 10Y
Innovative Industrial Properties, Inc. NYSE:IIPR	30.18M	6.6%	46.7%	79.5%
KKR Real Estate Finance Trust Inc. NYSE:KREF	53.56M	10.4%	12.6%	23.9%
Ellington Financial Inc. NYSE:EFC	106.17M	N/A	20.2%	17.4%
Apollo Commercial Real Estate Finance, Inc. NYSE:ARI	141.72M	3.7%	17.5%	19.7%
EPR Properties NYSE:EPR	397.49M	90.5%	47.6%	33.2%
UMH Properties, Inc. NYSE:UMH	251.66M	34.9%	23.3%	17.8%
Ladder Capital Corp NYSE:LADR	110.77M	0.3%	-0.1%	4.3%
Forestar Group Inc. NYSE:FOR	1.30B	4.7%	3.4%	22.6%
Plymouth Industrial REIT, Inc. NYSE:PLYM	61.72M	-0.4%	5.3%	26.4%
Veris Residential, Inc. NYSE:VRE	284.81M	0.6%	-4.9%	0.6%
TPG RE Finance Trust, Inc. NYSE:TRTX	68.83M	27.3%	24.4%	-1.3%

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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