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

Interest Expense

Last Annual Value

20.20M

3-Year CAGR

5-Year CAGR

22%

10-Year CAGR

Adjust for Inflation

Innovative Industrial Properties, Inc. Competitors Analysis of Interest Expense

IIPR · NYSE

Company	Interest Expense	CAGR 3Y	CAGR 5Y	CAGR 10Y
Innovative Industrial Properties, Inc. NYSE:IIPR	20.20M	7.9%	2.2%	N/A
KKR Real Estate Finance Trust Inc. NYSE:KREF	322.96M	-11.0%	23.1%	45.8%
Ellington Financial Inc. NYSE:EFC	304.53M	5.1%	47.2%	34.0%
Apollo Commercial Real Estate Finance, Inc. NYSE:ARI	460.09M	-0.4%	23.1%	21.9%
EPR Properties NYSE:EPR	133.08M	2.9%	-1.1%	N/A
UMH Properties, Inc. NYSE:UMH	29.68M	-3.0%	9.2%	6.8%
Ladder Capital Corp NYSE:LADR	174.92M	-10.6%	-0.9%	3.8%
Forestar Group Inc. NYSE:FOR	0.00	N/A	N/A	N/A
Plymouth Industrial REIT, Inc. NYSE:PLYM	37.15M	1.0%	13.2%	-0.9%
Veris Residential, Inc. NYSE:VRE	88.58M	-14.0%	13.3%	-0.7%
TPG RE Finance Trust, Inc. NYSE:TRTX	188.96M	-11.8%	17.3%	11.9%

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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