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

Income Before Tax

Last Annual Value

114.44M

3-Year CAGR

-9%

5-Year CAGR

12%

10-Year CAGR

37%

Adjust for Inflation

Innovative Industrial Properties, Inc. Competitors Analysis of Income Before Tax

IIPR · NYSE

Company	Income Before Tax	CAGR 3Y	CAGR 5Y	CAGR 10Y
Innovative Industrial Properties, Inc. NYSE:IIPR	114.44M	-11.6%	0.1%	N/A
KKR Real Estate Finance Trust Inc. NYSE:KREF	-50.65M	N/A	N/A	N/A
Ellington Financial Inc. NYSE:EFC	154.56M	20.5%	1.5%	N/A
Apollo Commercial Real Estate Finance, Inc. NYSE:ARI	127.05M	29.5%	-10.7%	-2.1%
EPR Properties NYSE:EPR	277.43M	16.7%	22.6%	2.1%
UMH Properties, Inc. NYSE:UMH	26.27M	49.6%	-12.5%	8.6%
Ladder Capital Corp NYSE:LADR	67.19M	-13.8%	3.0%	-5.6%
Forestar Group Inc. NYSE:FOR	219.30M	-0.3%	8.4%	9.0%
Plymouth Industrial REIT, Inc. NYSE:PLYM	144.85M	118.9%	N/A	N/A
Veris Residential, Inc. NYSE:VRE	75.06M	N/A	N/A	-5.4%
TPG RE Finance Trust, Inc. NYSE:TRTX	60.70M	N/A	-15.3%	-1.4%

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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