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

Revenue

Last Annual Value

265.95M

3-Year CAGR

-1%

5-Year CAGR

18%

10-Year CAGR

47%

Adjust for Inflation

Innovative Industrial Properties, Inc. Competitors Analysis of Revenue

IIPR · NYSE

Company	Revenue	CAGR 3Y	CAGR 5Y	CAGR 10Y
Innovative Industrial Properties, Inc. NYSE:IIPR	265.95M	-4.9%	5.4%	95.8%
KKR Real Estate Finance Trust Inc. NYSE:KREF	457.96M	-11.5%	9.9%	29.2%
Ellington Financial Inc. NYSE:EFC	674.54M	38.0%	25.5%	76.1%
Apollo Commercial Real Estate Finance, Inc. NYSE:ARI	710.49M	-2.9%	11.0%	14.6%
EPR Properties NYSE:EPR	718.36M	2.9%	7.0%	3.8%
UMH Properties, Inc. NYSE:UMH	261.75M	5.8%	7.1%	10.2%
Ladder Capital Corp NYSE:LADR	392.30M	-9.3%	1.8%	3.8%
Forestar Group Inc. NYSE:FOR	1.66B	5.0%	4.6%	23.8%
Plymouth Industrial REIT, Inc. NYSE:PLYM	198.35M	-0.2%	7.1%	26.0%
Veris Residential, Inc. NYSE:VRE	288.43M	3.5%	-2.3%	-7.3%
TPG RE Finance Trust, Inc. NYSE:TRTX	332.57M	-5.2%	6.7%	14.1%

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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