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

Gross Profit

Last Annual Value

235.78M

3-Year CAGR

-4%

5-Year CAGR

16%

10-Year CAGR

45%

Adjust for Inflation

Innovative Industrial Properties, Inc. Competitors Analysis of Gross Profit

IIPR · NYSE

Company	Gross Profit	CAGR 3Y	CAGR 5Y	CAGR 10Y
Innovative Industrial Properties, Inc. NYSE:IIPR	235.78M	-6.1%	3.3%	99.7%
KKR Real Estate Finance Trust Inc. NYSE:KREF	404.40M	-13.3%	9.6%	30.2%
Ellington Financial Inc. NYSE:EFC	568.37M	30.4%	26.6%	N/A
Apollo Commercial Real Estate Finance, Inc. NYSE:ARI	568.76M	-4.3%	9.7%	13.7%
EPR Properties NYSE:EPR	320.87M	-18.9%	-6.8%	-3.8%
UMH Properties, Inc. NYSE:UMH	10.10M	-56.0%	-36.5%	-14.8%
Ladder Capital Corp NYSE:LADR	281.54M	-12.1%	2.7%	3.7%
Forestar Group Inc. NYSE:FOR	363.50M	6.1%	9.7%	29.0%
Plymouth Industrial REIT, Inc. NYSE:PLYM	136.64M	-0.2%	8.0%	25.8%
Veris Residential, Inc. NYSE:VRE	3.62M	N/A	N/A	-36.6%
TPG RE Finance Trust, Inc. NYSE:TRTX	263.75M	-9.6%	3.9%	38.5%

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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