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Real Estate - REIT - Industrial - NYSE - US
$ 102.23
-1.2 %
$ 2.9 B
Market Cap
18.22
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one IIPR stock under the base case scenario is HIDDEN Compared to the current market price of 102 USD, Innovative Industrial Properties, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart IIPR

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FINANCIALS
310 M REVENUE
11.99%
175 M OPERATING INCOME
2.93%
166 M NET INCOME
7.26%
256 M OPERATING CASH FLOW
9.15%
-6.79 M INVESTING CASH FLOW
98.29%
-196 M FINANCING CASH FLOW
-119.12%
76.5 M REVENUE
-4.09%
42 M OPERATING INCOME
-8.38%
41.3 M NET INCOME
-0.23%
65.1 M OPERATING CASH FLOW
1.65%
6.4 M INVESTING CASH FLOW
114.41%
-45.2 M FINANCING CASH FLOW
13.51%
Balance Sheet Decomposition Innovative Industrial Properties, Inc.
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Current Assets 140 M
Cash & Short-Term Investments 140 M
Receivables 0
Other Current Assets 0
Non-Current Assets 9.6 M
Long-Term Investments 21.9 M
PP&E 1.36 M
Other Non-Current Assets -13.7 M
Current Liabilities 68.2 M
Accounts Payable 21 M
Short-Term Debt 0
Other Current Liabilities 47.2 M
Non-Current Liabilities 370 M
Long-Term Debt 299 M
Other Non-Current Liabilities 71 M
EFFICIENCY
Earnings Waterfall Innovative Industrial Properties, Inc.
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Revenue 310 M
Cost Of Revenue 24.9 M
Gross Profit 285 M
Operating Expenses 110 M
Operating Income 175 M
Other Expenses 9 M
Net Income 166 M
RATIOS
91.96% GROSS MARGIN
91.96%
56.41% OPERATING MARGIN
56.41%
53.50% NET MARGIN
53.50%
8.48% ROE
8.48%
6.93% ROA
6.93%
7.76% ROIC
7.76%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Innovative Industrial Properties, Inc.
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Net Income 166 M
Depreciation & Amortization 67.2 M
Capital Expenditures 0
Stock-Based Compensation 19.6 M
Change in Working Capital 4.92 M
Others -744 K
Free Cash Flow 256 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Innovative Industrial Properties, Inc.
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Wall Street analysts predict an average 1-year price target for IIPR of $122 , with forecasts ranging from a low of $110 to a high of $140 .
IIPR Lowest Price Target Wall Street Target
110 USD 7.60%
IIPR Average Price Target Wall Street Target
122 USD 19.34%
IIPR Highest Price Target Wall Street Target
140 USD 36.95%
4. DIVIDEND ANALYSIS
1.41% DIVIDEND YIELD
1.9 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Innovative Industrial Properties, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
202 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 year ago
Nov 15, 2023
Sell 202 K USD
Stecher David
Director
- 2500
80.755 USD
2 years ago
Aug 12, 2022
Bought 97.8 K USD
Gold Alan D
director: EXECUTIVE CHAIRMAN
+ 1000
97.7925 USD
2 years ago
Aug 10, 2022
Bought 94.2 K USD
Gold Alan D
director: EXECUTIVE CHAIRMAN
+ 1000
94.2199 USD
2 years ago
Mar 15, 2022
Sell 66.2 K USD
Kreitzer Gary A
director:
- 2196
30.1295 USD
2 years ago
Mar 10, 2022
Sell 34.3 K USD
Kreitzer Gary A
director:
- 1104
31.0531 USD
3 years ago
Nov 15, 2021
Sell 23.9 K USD
Gold Alan D
EXECUTIVE CHAIRMAN
- 694
34.4252 USD
3 years ago
Nov 16, 2021
Sell 3.15 K USD
Gold Alan D
EXECUTIVE CHAIRMAN
- 92
34.1943 USD
3 years ago
Nov 17, 2021
Sell 101 K USD
Gold Alan D
EXECUTIVE CHAIRMAN
- 2987
33.9469 USD
3 years ago
Nov 10, 2021
Sell 23.6 K USD
Gold Alan D
EXECUTIVE CHAIRMAN
- 673
35.0983 USD
3 years ago
Nov 11, 2021
Sell 26.4 K USD
Gold Alan D
EXECUTIVE CHAIRMAN
- 750
35.156 USD
3 years ago
Nov 12, 2021
Sell 27.8 K USD
Gold Alan D
EXECUTIVE CHAIRMAN
- 804
34.6299 USD
3 years ago
Sep 15, 2021
Sell 83.9 K USD
Shoemaker Scott
Director
- 360
233 USD
3 years ago
Sep 13, 2021
Sell 101 K USD
Kreitzer Gary A
Director
- 2775
36.2377 USD
3 years ago
Sep 14, 2021
Sell 65.1 K USD
Kreitzer Gary A
Director
- 1903
34.2321 USD
3 years ago
Sep 15, 2021
Sell 44.7 K USD
Kreitzer Gary A
Director
- 1322
33.8462 USD
3 years ago
Sep 01, 2021
Sell 985 K USD
Smithers Paul E.
President, CEO and Director
- 3954
249 USD
3 years ago
Aug 10, 2021
Sell 343 K USD
HASTINGS CATHERINE
CFO and Treasurer
- 1500
228.97 USD
3 years ago
Aug 09, 2021
Sell 432 K USD
Bui Andy
VP, Chief Accounting Officer
- 1895
228 USD
3 years ago
Jun 15, 2021
Sell 39.5 K USD
Gold Alan D
Executive Chairman
- 1161
34.0112 USD
3 years ago
Jun 16, 2021
Sell 37.5 K USD
Gold Alan D
Executive Chairman
- 1108
33.8108 USD
3 years ago
Jun 10, 2021
Sell 95.7 K USD
Shoemaker Scott
Director
- 500
191.4031 USD
3 years ago
Jun 10, 2021
Sell 95.3 K USD
Shoemaker Scott
Director
- 500
190.5698 USD
3 years ago
Jun 10, 2021
Sell 3.55 K USD
Gold Alan D
Executive Chairman
- 100
35.5 USD
3 years ago
Jun 11, 2021
Sell 21.4 K USD
Gold Alan D
Executive Chairman
- 610
35.1 USD
3 years ago
Jun 08, 2021
Sell 20.3 K USD
Gold Alan D
Executive Chairman
- 566
35.8035 USD
3 years ago
Jun 09, 2021
Sell 87.7 K USD
Gold Alan D
Executive Chairman
- 2455
35.706 USD
3 years ago
Mar 17, 2021
Sell 390 K USD
Smithers Paul E.
President, CEO and Director
- 2000
195 USD
3 years ago
Mar 15, 2021
Sell 390 K USD
Smithers Paul E.
President, CEO and Director
- 2000
195 USD
3 years ago
Mar 16, 2021
Sell 399 K USD
Smithers Paul E.
President, CEO and Director
- 2000
199.5 USD
3 years ago
Mar 12, 2021
Sell 740 K USD
Gold Alan D
Executive Chairman
- 4000
185 USD
3 years ago
Mar 11, 2021
Sell 216 K USD
HASTINGS CATHERINE
CFO and Treasurer
- 1200
180.0101 USD
3 years ago
Mar 05, 2021
Sell 212 K USD
Gold Alan D
Executive Chairman
- 7124
29.739 USD
3 years ago
Mar 04, 2021
Sell 1.11 M USD
Gold Alan D
Executive Chairman
- 6000
185.4674 USD
3 years ago
Mar 03, 2021
Sell 61.1 K USD
Gold Alan D
Executive Chairman
- 1829
33.4168 USD
3 years ago
Mar 04, 2021
Sell 112 K USD
Gold Alan D
Executive Chairman
- 3570
31.4427 USD
3 years ago
Mar 01, 2021
Sell 872 K USD
Wolfe Brian J.
VP, Gen. Counsel and Secretary
- 4306
202.5171 USD
4 years ago
Sep 04, 2020
Bought 59.1 K USD
Curran Mary A
Director
+ 500
118.26 USD
4 years ago
Sep 02, 2020
Sell 1.88 M USD
Gold Alan D
Executive Chairman
- 15000
125.5334 USD
4 years ago
Sep 01, 2020
Sell 625 K USD
Gold Alan D
Executive Chairman
- 5000
125.0792 USD
4 years ago
Aug 31, 2020
Sell 30.7 K USD
Gold Alan D
Executive Chairman
- 1000
30.6675 USD
4 years ago
Sep 01, 2020
Sell 151 K USD
Gold Alan D
Executive Chairman
- 5000
30.14 USD
4 years ago
Sep 01, 2020
Sell 313 K USD
Shoemaker Scott
Director
- 2500
125.3563 USD
4 years ago
Aug 31, 2020
Sell 610 K USD
Wolfe Brian J.
VP, Gen. Counsel and Secretary
- 4896
124.6601 USD
4 years ago
Mar 17, 2020
Bought 117 K USD
Kreitzer Gary A
Director
+ 2000
58.5975 USD
4 years ago
Mar 13, 2020
Bought 52.6 K USD
Curran Mary A
Director
+ 750
70.16 USD
4 years ago
Dec 17, 2019
Bought 115 K USD
Gold Alan D
Executive Chairman
+ 1600
72.1627 USD
4 years ago
Dec 17, 2019
Sell 117 K USD
Gold Alan D
Executive Chairman
- 4000
29.1959 USD
4 years ago
Dec 16, 2019
Bought 27.5 K USD
Gold Alan D
Executive Chairman
+ 370
74.21 USD
4 years ago
Dec 13, 2019
Sell 990 USD
Gold Alan D
Executive Chairman
- 33
30 USD
4 years ago
Dec 16, 2019
Sell 28.9 K USD
Gold Alan D
Executive Chairman
- 967
29.8568 USD
4 years ago
Dec 12, 2019
Bought 119 K USD
Gold Alan D
Executive Chairman
+ 1625
73.0658 USD
4 years ago
Dec 12, 2019
Sell 119 K USD
Gold Alan D
Executive Chairman
- 4000
29.8 USD
4 years ago
Dec 11, 2019
Bought 69.8 K USD
Gold Alan D
Executive Chairman
+ 950
73.48 USD
4 years ago
Dec 11, 2019
Sell 66 K USD
Gold Alan D
Executive Chairman
- 2200
30.02 USD
4 years ago
Dec 10, 2019
Bought 188 K USD
Gold Alan D
Executive Chairman
+ 2500
75.0168 USD
4 years ago
Dec 10, 2019
Sell 185 K USD
Gold Alan D
Executive Chairman
- 6000
30.8133 USD
4 years ago
Dec 05, 2019
Bought 27.2 K USD
Gold Alan D
Executive Chairman
+ 380
71.54 USD
4 years ago
Dec 05, 2019
Sell 27.6 K USD
Gold Alan D
Executive Chairman
- 900
30.63 USD
4 years ago
Nov 25, 2019
Bought 27.5 K USD
Gold Alan D
Executive Chairman
+ 350
78.4893 USD
4 years ago
Nov 25, 2019
Sell 28 K USD
Gold Alan D
Executive Chairman
- 900
31.1539 USD
5 years ago
Sep 04, 2019
Bought 25.3 K USD
Gold Alan D
Executive Chairman
+ 300
84.2333 USD
5 years ago
Aug 30, 2019
Bought 26.6 K USD
Gold Alan D
Executive Chairman
+ 300
88.64 USD
5 years ago
Aug 13, 2019
Bought 9.57 K USD
Stecher David
Director
+ 90
106.31 USD
5 years ago
Aug 13, 2019
Bought 7.42 K USD
Stecher David
Director
+ 70
106.05 USD
5 years ago
May 17, 2019
Sell 181 K USD
Smithers Paul E.
President, CEO and Director
- 2000
90.5 USD
5 years ago
May 17, 2019
Sell 283 K USD
Wolfe Brian J.
VP, Gen. Counsel and Secretary
- 3181
89.01 USD
6 years ago
Oct 04, 2018
Bought 1.35 M USD
Gold Alan D
Executive Chairman
+ 33750
40 USD
6 years ago
Oct 04, 2018
Bought 100 K USD
Kreitzer Gary A
Director
+ 2500
40 USD
6 years ago
Sep 19, 2018
Sell 9.9 M USD
HG Vora Capital Management, LLC
10 percent owner
- 225000
44.01 USD
6 years ago
Sep 20, 2018
Sell 11 M USD
HG Vora Capital Management, LLC
10 percent owner
- 246400
44.52 USD
6 years ago
Sep 20, 2018
Sell 163 K USD
HG Vora Capital Management, LLC
10 percent owner
- 3600
45.41 USD
6 years ago
Jun 15, 2018
Bought 7.26 K USD
Gold Alan D
Executive Chairman
+ 200
36.29 USD
6 years ago
Jun 13, 2018
Bought 3.72 K USD
Gold Alan D
Executive Chairman
+ 100
37.18 USD
6 years ago
Jun 06, 2018
Bought 3.64 K USD
Gold Alan D
Executive Chairman
+ 100
36.36 USD
6 years ago
Jun 06, 2018
Bought 2.72 K USD
Gold Alan D
Executive Chairman
+ 100
27.22 USD
6 years ago
Jun 06, 2018
Sell 225 K USD
Wolfe Brian J.
VP, Gen. Counsel and Secretary
- 6013
37.3444 USD
7 years ago
Oct 12, 2017
Bought 2 M USD
Gold Alan D
Executive Chairman
+ 80000
25 USD
7 years ago
Oct 12, 2017
Bought 1 M USD
Kreitzer Gary A
Director
+ 40000
25 USD
7 years ago
Aug 22, 2017
Bought 3.31 K USD
Gold Alan D
Executive Chairman
+ 200
16.57 USD
7 years ago
Aug 18, 2017
Bought 11.7 K USD
Gold Alan D
Executive Chairman
+ 700
16.782 USD
7 years ago
Aug 16, 2017
Bought 5.16 K USD
Gold Alan D
Executive Chairman
+ 300
17.203 USD
7 years ago
Aug 15, 2017
Bought 3.43 K USD
Gold Alan D
Executive Chairman
+ 200
17.155 USD
7 years ago
Jun 14, 2017
Bought 3.46 K USD
Gold Alan D
Executive Chairman
+ 200
17.31 USD
7 years ago
Jun 13, 2017
Bought 8.66 K USD
Gold Alan D
Executive Chairman
+ 500
17.314 USD
7 years ago
Jun 12, 2017
Bought 1.73 K USD
Gold Alan D
Executive Chairman
+ 100
17.26 USD
7 years ago
Jun 01, 2017
Sell 83.2 K USD
Wolfe Brian J.
VP, Gen. Counsel and Secretary
- 4737
17.5574 USD
7 years ago
Dec 06, 2016
Bought 1.64 K USD
Gold Alan D
Executive Chairman
+ 100
16.4 USD
7 years ago
Dec 05, 2016
Bought 62 K USD
Smithers Paul E.
President, CEO and Director
+ 4000
15.4968 USD
7 years ago
Dec 02, 2016
Bought 500 K USD
Kreitzer Gary A
Director
+ 25000
20 USD
7 years ago
Dec 05, 2016
Bought 3.6 K USD
Gold Alan D
Executive Chairman
+ 200
18 USD
7 years ago
Dec 02, 2016
Bought 4 M USD
Gold Alan D
Executive Chairman
+ 200000
20 USD
7 years ago
Dec 02, 2016
Bought 1.94 K USD
Gold Alan D
Executive Chairman
+ 100
19.45 USD
7 years ago
Dec 01, 2016
Bought 5.88 K USD
Gold Alan D
Executive Chairman
+ 300
19.6 USD
7 years ago
Dec 05, 2016
Bought 1.54 K USD
Sistek Robert M.
CFO and EVP, Investments
+ 100
15.4 USD
7 years ago
Dec 01, 2016
Bought 5.8 K USD
Sistek Robert M.
CFO and EVP, Investments
+ 300
19.32 USD
7. News
2 High-Yield REIT Stocks to Buy Hand Over Fist and 1 to Avoid Looking for high yields? You'll want to avoid dividends that are at risk of being cut and stick to dividends that have grown over time. fool.com - 1 day ago
Levi & Korsinsky Announces an Investigation on Behalf of Innovative Industrial Properties, Inc. (IIPR) Shareholders Who May Have Been Affected by Fraud NEW YORK, NY / ACCESSWIRE / November 15, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Innovative Industrial Properties, Inc. ("Innovative Industrial Properties, Inc.") (NYSE:IIPR) concerning possible violations of federal securities laws. IIP reported its financial results for the third quarter of 2024 on November 6, 2024. accesswire.com - 1 day ago
The Schall Law Firm Invites Shareholders To Join An Inquiry Into Innovative Industrial Properties, Inc. For Securities Law Violations LOS ANGELES, CA / ACCESSWIRE / November 15, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR) for violations of the securities laws. According to the Complaint, the Company made false and misleading statements to the market. accesswire.com - 1 day ago
Levi & Korsinsky Investigates Possible Securities Fraud Violations by Innovative Industrial Properties, Inc. (IIPR) NEW YORK, NY / ACCESSWIRE / November 15, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Innovative Industrial Properties, Inc. ("Innovative Industrial Properties, Inc.") (NYSE:IIPR) concerning possible violations of federal securities laws. IIP reported its financial results for the third quarter of 2024 on November 6, 2024. accesswire.com - 2 days ago
Bronstein, Gewirtz & Grossman, LLC Is Investigating Innovative Industrial Properties, Inc. (IIPR) And Encourages Investors to Connect NEW YORK CITY, NY / ACCESSWIRE / November 15, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR). Investors who purchased IIP securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/IIPR. accesswire.com - 2 days ago
Innovative Industrial Properties, Inc. Investigated by Shareholder Rights Advocates - Investors Should Contact Levi & Korsinsky Regarding Potential Securities Law Violations - IIPR NEW YORK, NY / ACCESSWIRE / November 14, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Innovative Industrial Properties, Inc. ("Innovative Industrial Properties, Inc.") (NYSE:IIPR) concerning possible violations of federal securities laws. IIP reported its financial results for the third quarter of 2024 on November 6, 2024. accesswire.com - 2 days ago
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Innovative Industrial Properties, Inc. - IIPR NEW YORK, NY / ACCESSWIRE / November 14, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIP" or the "Company") (NYSE:IIPR). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. accesswire.com - 2 days ago
Shareholders that Lost Money on Innovative Industrial Properties, Inc. (IIPR) Should Contact Levi & Korsinsky About Securities Fraud Investigation - IIPR NEW YORK, NY / ACCESSWIRE / November 14, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Innovative Industrial Properties, Inc. ("Innovative Industrial Properties, Inc.") (NYSE:IIPR) concerning possible violations of federal securities laws. IIP reported its financial results for the third quarter of 2024 on November 6, 2024. accesswire.com - 2 days ago
Innovative Industrial Properties Inc Is Being Investigated For Fraud And Investors With Losses Are Encouraged To Contact The Schall Law Firm LOS ANGELES, CA / ACCESSWIRE / November 14, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR) for violations of the securities laws. According to the Complaint, the Company made false and misleading statements to the market. accesswire.com - 2 days ago
Innovative Industrial Properties, Inc. (IIPR) Shareholders May Have Been Affected by Fraud - Levi & Korsinsky Investigates NEW YORK, NY / ACCESSWIRE / November 14, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Innovative Industrial Properties, Inc. ("Innovative Industrial Properties, Inc.") (NYSE:IIPR) concerning possible violations of federal securities laws. IIP reported its financial results for the third quarter of 2024 on November 6, 2024. accesswire.com - 3 days ago
Cannabis REITs with Strong Dividend Yields for Your Investment Portfolio As the cannabis market experiences a pullback, interest is growing in cannabis-focused REITs, which offer a unique approach to investing in this evolving industry. REITs are known for providing steady dividends, making them attractive for income-seeking investors during market downturns. The US cannabis market is projected to reach $41 billion by 2025, highlighting its long-term potential. This industry growth and ongoing legalization efforts bring attention to cannabis REITs as indirect investments. Recently, legalization headlines have fueled volatility, making risk management and technical analysis essential for investors aiming to time their entries and exits wisely. marijuanastocks.com - 3 days ago
Bronstein, Gewirtz & Grossman, LLC Encourages Innovative Industrial Properties, Inc. (IIPR) Stockholders to Inquire about Securities Investigation NEW YORK CITY, NY / ACCESSWIRE / November 14, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR). Investors who purchased IIP securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/IIPR. accesswire.com - 3 days ago
8. Profile Summary

Innovative Industrial Properties, Inc. IIPR

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COUNTRY US
INDUSTRY REIT - Industrial
MARKET CAP $ 2.9 B
Dividend Yield 1.41%
Description 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.
Contact 1389 Center Drive, Park City, UT, 84098 https://www.innovativeindustrialproperties.com
IPO Date Dec. 1, 2016
Employees 22
Officers Mr. Ben Regin Chief Investment Officer Mr. Andy Bui Vice President & Chief Accounting Officer Mr. Alan D. Gold Executive Chairman Mr. Paul E. Smithers President, Chief Executive Officer & Director Mr. David J. Smith Chief Financial Officer & Treasurer Ms. Catherine Hastings CPA Chief Operating Officer Mr. Griffin Marquardt Director of Construction Management