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Real Estate - REIT - Industrial - NYSE - US
$ 52.12
-2.45 %
$ 1.48 B
Market Cap
9.44
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one IIPR stock under the worst case scenario is HIDDEN Compared to the current market price of 52.1 USD, Innovative Industrial Properties, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one IIPR stock under the base case scenario is HIDDEN Compared to the current market price of 52.1 USD, Innovative Industrial Properties, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one IIPR stock under the best case scenario is HIDDEN Compared to the current market price of 52.1 USD, Innovative Industrial Properties, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart IIPR

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$130.0$130.0$120.0$120.0$110.0$110.0$100.0$100.0$90.0$90.0$80.0$80.0$70.0$70.0$60.0$60.0$50.0$50.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
309 M REVENUE
-0.32%
168 M OPERATING INCOME
-3.58%
162 M NET INCOME
-2.37%
258 M OPERATING CASH FLOW
1.14%
-56 M INVESTING CASH FLOW
-724.93%
-198 M FINANCING CASH FLOW
-1.16%
76.7 M REVENUE
0.28%
42 M OPERATING INCOME
0.12%
40 M NET INCOME
-3.16%
57.8 M OPERATING CASH FLOW
-10.89%
-3.56 M INVESTING CASH FLOW
-55.69%
-55.1 M FINANCING CASH FLOW
-22.56%
Balance Sheet Innovative Industrial Properties, Inc.
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Current Assets 169 M
Cash & Short-Term Investments 146 M
Receivables 22.8 M
Other Current Assets 0
Non-Current Assets 2.21 B
Long-Term Investments 5 M
PP&E 946 K
Other Non-Current Assets 2.2 B
6.15 %92.64 %Total Assets$2.4b
Current Liabilities 133 M
Accounts Payable 20.8 M
Short-Term Debt 0
Other Current Liabilities 112 M
Non-Current Liabilities 309 M
Long-Term Debt 298 M
Other Non-Current Liabilities 11.3 M
4.70 %25.34 %67.39 %Total Liabilities$442.0m
EFFICIENCY
Earnings Waterfall Innovative Industrial Properties, Inc.
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Revenue 309 M
Cost Of Revenue 28.5 M
Gross Profit 280 M
Operating Expenses 112 M
Operating Income 168 M
Other Expenses 6.68 M
Net Income 162 M
350m350m300m300m250m250m200m200m150m150m100m100m50m50m00309m(28m)280m(112m)168m(7m)162mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
90.77% GROSS MARGIN
90.77%
54.57% OPERATING MARGIN
54.57%
51.81% NET MARGIN
51.81%
8.26% ROE
8.26%
6.72% ROA
6.72%
7.50% ROIC
7.50%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Innovative Industrial Properties, Inc.
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300m300m200m200m100m100m00(100m)(100m)(200m)(200m)(300m)(300m)(400m)(400m)(500m)(500m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 162 M
Depreciation & Amortization 70.8 M
Capital Expenditures 0
Stock-Based Compensation 17.3 M
Change in Working Capital 3.95 M
Others 2.66 M
Free Cash Flow 258 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 $101 , with forecasts ranging from a low of $60 to a high of $140 .
IIPR Lowest Price Target Wall Street Target
60 USD 15.12%
IIPR Average Price Target Wall Street Target
101 USD 94.42%
IIPR Highest Price Target Wall Street Target
140 USD 168.61%
Price
Max Price Target
Min Price Target
Average Price Target
14014013013012012011011010010090908080707060605050May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
2.91% DIVIDEND YIELD
1.9 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
8.008.007.007.006.006.005.005.004.004.003.003.002.002.001.001.000.000.000.250.4511.321.751.81.821.90.250.61.061.41.751.81.90.350.781.171.51.81.81.90.250.800.351.4013.381.244.791.56.151.87.151.827.241.97.600.00201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 8
6. Ownership
Insider Ownership Innovative Industrial Properties, Inc.
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Sold
0-3 MONTHS
536 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
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
7. News
6 Dividend Growth Stocks I'm Buying As Tariffs Crush The Economy President Trump's tariffs are not negotiating tactics, but a protectionist move aimed at reversing globalization and boosting U.S. manufacturing, causing market selloffs. The tariffs will harm U.S. consumers and businesses, raising prices and potentially leading to a recession, with an average household impact of $3,800 annually. Big Tech stocks have been hit the hardest by the tariff threat, with the Nasdaq down nearly 16% and the Magnificent 7 down over 20%. seekingalpha.com - 2 weeks ago
Innovative Industrial Properties (IIPR) Increases Despite Market Slip: Here's What You Need to Know In the most recent trading session, Innovative Industrial Properties (IIPR) closed at $53.43, indicating a +1.93% shift from the previous trading day. zacks.com - 2 weeks ago
Why Shares of Innovative Industrial Properties Sank This Week The one event that strikes true fear into the heart of real estate investment trust (REIT) investors is the tenant default. fool.com - 2 weeks ago
Cash COWs: 11 High-Yield REITs Now is a good time to invest in REITs due to low inflation, expected rate cuts, and a bullish technical trend. Analyst upgrades on REITs outnumber downgrades, and many quality REITs offer higher-than-usual yields, making them attractive for income investors. Dividend safety is crucial; Seeking Alpha Premium's Quant Ratings help identify REITs with low risk of dividend cuts, ensuring stable income. seekingalpha.com - 2 weeks ago
3 Marijuana Stocks That Could Be Top Market Performers The cannabis sector has, in a cliche way, grown from the ground up. With many hurdles, the legal market worldwide has come a long way. Yet there has been more invested interest is towards in the future of this space. From preserving what once was and integrating up-to-date and more current methods at every step of the process. marijuanastocks.com - 2 weeks ago
Innovative Industrial: Yield Jumps To 14% Innovative Industrial: Yield Jumps To 14% seekingalpha.com - 2 weeks ago
Innovative Industrial: Projecting Worst Case Outcomes And Potential Dividend Cut (Rating Upgrade) Cannabis stocks have been rocked hard, but cannabis REITs look quite attractive here. IIPR's top tenant and three others have defaulted on lease obligations. IIPR has significantly lower leverage than traditional NNN REIT peers. seekingalpha.com - 2 weeks ago
Innovative Industrial Properties Reports Defaults by Tenants SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR), a leading real estate investment trust specializing in the regulated cannabis industry, today announced a significant tenant replacement and renewal initiative aimed at enhancing the performance of its real estate portfolio and driving long-term value for shareholders. This initiative focuses on strengthening tenant credit profiles and optimizing occupancy of the Company's properties to align with evolving ma. businesswire.com - 3 weeks ago
IIPR ALERT: Bragar Eagel & Squire, P.C. is Investigating Innovative Industrial Properties, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm NEW YORK, March 24, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Innovative Industrial Properties, Inc. (NYSE:IIPR) on behalf of long-term stockholders following a class action complaint that was filed against IIPR on January 17, 2025 with a Class Period from February 27, 2024 to December 19, 2024. globenewswire.com - 3 weeks ago
Certainly Uncertain US equity markets posted modest gains this week - snapping a four-week losing streak - as investors parsed commentary and updated forecasts from the Federal Reserve's policy meeting. Ahead of the looming April 2nd unveiling of reciprocal tariffs, investors were relieved by FOMC projections showing that 11-of-19 policy markets still expect at least two rate cuts this year. Disappointing retail sales data indicated that economic uncertainty is beginning to affect real-world consumer behavior. Housing market data was relatively solid, however, sparking an upward revision to the GDPNow forecast. seekingalpha.com - 4 weeks ago
Better Beaten-Down Dividend Stock to Buy: Innovative Industrial Properties or Medical Properties Trust? Real estate investment trusts (REIT) are a favorite target of income-seeking investors, since the law requires them to distribute most of their earnings as dividends to maintain their tax-advantaged status. However, even REITs face issues that put their dividend programs in danger, sometimes leading to decreased payouts. fool.com - 1 month ago
Investors in Innovative Industrial Properties, Inc. Should Contact Levi & Korsinsky Before March 18, 2025 to Discuss Your Rights - IIPR NEW YORK, NY / ACCESS Newswire / March 18, 2025 / If you suffered a loss on your Innovative Industrial Properties, Inc. (NYSE:IIPR) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/innovative-industrial-properties-inc-lawsuit-submission-form?prid=136948&wire=1 or contact Joseph E. Levi, Esq. accessnewswire.com - 1 month ago
8. Profile Summary

Innovative Industrial Properties, Inc. IIPR

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COUNTRY US
INDUSTRY REIT - Industrial
MARKET CAP $ 1.48 B
Dividend Yield 2.91%
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. Paul E. Smithers President, Chief Executive Officer & Director Mr. Andy Bui Vice President & Chief Accounting Officer Ms. Kelly C. Spicher Senior Vice President of Real Estate Counsel Ms. Tracie Hager Senior Vice President of Asset Management Mr. David J. Smith Chief Financial Officer & Treasurer Mr. Alan D. Gold Executive Chairman Ms. Catherine Hastings CPA Chief Operating Officer Mr. Ben Regin Chief Investment Officer