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

Net Income

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 Net Income

IIPR · NYSE

Company	Net Income	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	-47.05M	N/A	N/A	N/A
Ellington Financial Inc. NYSE:EFC	146.87M	20.4%	1.9%	N/A
Apollo Commercial Real Estate Finance, Inc. NYSE:ARI	126.72M	29.7%	-10.7%	-2.2%
EPR Properties NYSE:EPR	274.94M	16.7%	22.8%	2.0%
UMH Properties, Inc. NYSE:UMH	26.50M	49.0%	-12.3%	8.7%
Ladder Capital Corp NYSE:LADR	64.18M	-14.1%	2.6%	-0.4%
Forestar Group Inc. NYSE:FOR	167.90M	0.2%	8.8%	11.1%
Plymouth Industrial REIT, Inc. NYSE:PLYM	139.34M	116.9%	N/A	N/A
Veris Residential, Inc. NYSE:VRE	75.24M	N/A	N/A	-4.3%
TPG RE Finance Trust, Inc. NYSE:TRTX	60.32M	N/A	-15.3%	-1.5%

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 $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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