Innovative Industrial Properties Inc IIPR
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
News
Innovative Industrial Properties Reports Third Quarter 2026 Results
Innovative Industrial Properties Announces Third Quarter 2026 Earnings Release Date and Conference Call
Innovative Industrial Properties Prices Public Offering of 9.25% Series B Cumulative Redeemable Preferred Stock
Innovative Industrial Properties Announces Launch of Series B Preferred Stock Offering
Innovative Industrial Properties Announces Mezzanine Loan Commitment of $245 Million for Alewife Park
Innovative Industrial Properties Declares Third Quarter 2026 Dividends
Glean:GO Brings Enterprise AI Leaders to San Francisco: NYSE Content Update
Trading Information
- Previous Close Price
- $52.66
- Day Range
- $52.96–53.27
- 52-Week Range
- $44.60–65.36
- Bid/Ask
- $53.15 / $53.45
- Shares Outstanding
- 27.57M
- Market Cap
- $1.46B
- Volume/Avg
- 14,785 / 359,401
Key Statistics
- Price/Earnings (Normalized)
- 11.47
- Price/Sales
- 5.67
- Dividend Yield (Trailing)
- 14.43%
- Dividend Yield (Forward)
- 14.43%
- Dividend Payment Schedule
- Jan, Apr, Jul, Oct
- Total Yield
- 17.53%
Company Profile
Innovative Industrial Properties Inc is a real estate investment trust focused on the acquisition, ownership and management of specialized industrial and commercial properties in the United States. Its properties are prominently leased to state-licensed operators for their regulated cannabis facilities. The company conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by its Operating Partnership, directly or through subsidiaries. Its segments are: Cannabis Portfolio and Life Science Portfolio, with the majority of revenue coming from the Cannabis Portfolio segment, which involves acquiring, developing, and leasing real estate to regulated cannabis operators on long-term triple-net leases.
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Stock Style Box
- Small Value
- Total Number of Employees
- 24
Valuation
Metric | IIPR |
|---|---|
Price/Earnings (Normalized) | 11.47 |
Price/Book Value | 0.85 |
Price/Sales | 5.67 |
Price/Cash Flow | 7.12 |
Price/Earnings
IIPR
Financial Strength
Metric | IIPR |
|---|---|
Quick Ratio | 1.04 |
Current Ratio | 1.05 |
Interest Coverage | 4.21 |
Quick Ratio
IIPR
Profitability
Metric | IIPR |
|---|---|
Return on Assets (Normalized) | 6.05% |
Return on Equity (Normalized) | 8.45% |
Return on Invested Capital (Normalized) | 6.19% |
Return on Assets
IIPR
REIT - Industrial Industry Comparables
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|---|---|---|---|---|---|---|
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| Segro PLC SEGXF | — | LOCK|rLZ | $17B | |||
| EastGroup Properties Inc EGP | — | LOCK|<Rgs | $11B | |||
| CubeSmart CUBE | LOCK|H?ZG#>h | LOCK|<@ | $10B | |||
| CapitaLand Ascendas REIT Units ACDSF | — | LOCK|!^ | $9B | |||
| Rexford Industrial Realty Inc REXR | — | LOCK|y? | $8B | |||
| Lineage Inc REIT LINE | LOCK|LgfR#?& | LOCK|>x> | $8B | |||
| Americold Realty Trust Inc COLD | LOCK|q^$!^^q | LOCK|c@ | $5B |
United States