IIPR - NYSE

Innovative Industrial Properties, Inc.

IIPR·NYSE

$58.40

+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$1.68B

EPS3.9800

P/E Ratio14.67

Earnings Date08/05/2026

iipr

Free Cash Flow

Last Annual Value

174.76M

3-Year CAGR

48%

5-Year CAGR

19%

10-Year CAGR

Adjust for Inflation

Innovative Industrial Properties, Inc. Competitors Analysis of Free Cash Flow

IIPR · NYSE

Company	Free Cash Flow	CAGR 3Y	CAGR 5Y	CAGR 10Y
Innovative Industrial Properties, Inc. NYSE:IIPR	174.76M	-11.9%	-1.5%	N/A
KKR Real Estate Finance Trust Inc. NYSE:KREF	66.70M	-24.3%	-11.8%	10.3%
Ellington Financial Inc. NYSE:EFC	509.04M	N/A	17.8%	22.0%
Apollo Commercial Real Estate Finance, Inc. NYSE:ARI	42.31M	-40.5%	-26.6%	-9.7%
EPR Properties NYSE:EPR	420.95M	-2.0%	16.8%	3.2%
UMH Properties, Inc. NYSE:UMH	81.97M	-11.9%	4.7%	N/A
Ladder Capital Corp NYSE:LADR	87.02M	-21.6%	1.8%	-14.1%
Forestar Group Inc. NYSE:FOR	-199.90M	N/A	N/A	N/A
Plymouth Industrial REIT, Inc. NYSE:PLYM	96.07M	5.5%	24.1%	N/A
Veris Residential, Inc. NYSE:VRE	54.97M	6.7%	N/A	N/A
TPG RE Finance Trust, Inc. NYSE:TRTX	84.22M	4.1%	-8.6%	-0.1%

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 $58.4, this represents a potential HIDDEN relative to our calculated worth for Innovative Industrial Properties, Inc..

HIDDEN

Intrinsic Value

Current Price: $58.4

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