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

Operating Income

Last Annual Value

124.12M

3-Year CAGR

-10%

5-Year CAGR

12%

10-Year CAGR

38%

Adjust for Inflation

Innovative Industrial Properties, Inc. Competitors Analysis of Operating Income

IIPR · NYSE

Company	Operating Income	CAGR 3Y	CAGR 5Y	CAGR 10Y
Innovative Industrial Properties, Inc. NYSE:IIPR	124.12M	-10.7%	-1.7%	N/A
KKR Real Estate Finance Trust Inc. NYSE:KREF	271.64M	-14.0%	2.0%	21.4%
Ellington Financial Inc. NYSE:EFC	415.29M	67.0%	25.2%	106.2%
Apollo Commercial Real Estate Finance, Inc. NYSE:ARI	464.37M	-0.2%	2.3%	7.7%
EPR Properties NYSE:EPR	376.97M	7.2%	6.2%	4.9%
UMH Properties, Inc. NYSE:UMH	45.55M	8.0%	6.0%	5.4%
Ladder Capital Corp NYSE:LADR	243.37M	-10.4%	0.3%	4.7%
Forestar Group Inc. NYSE:FOR	209.10M	0.4%	5.4%	4.1%
Plymouth Industrial REIT, Inc. NYSE:PLYM	36.14M	7.0%	30.9%	N/A
Veris Residential, Inc. NYSE:VRE	49.38M	50.0%	N/A	-7.2%
TPG RE Finance Trust, Inc. NYSE:TRTX	242.69M	16.9%	3.0%	6.3%

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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