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.
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if IIPR is a good fit for your portfolio.
News
-
Innovative Industrial Properties to Report 2024 First Quarter Results
-
Innovative Industrial Properties Declares First Quarter 2024 Dividends
-
Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2023 Results
-
Innovative Industrial Properties to Report 2023 Fourth Quarter and Year-End Results
-
Pelorus Capital Group marks debt upgrade milestone for cannabis finance sector
-
Cannabis stocks rally as U.S. lawmakers reintroduce SAFE Banking bill to open up financial system
Trading Information
- Previous Close Price
- $97.88
- Day Range
- $97.70–99.23
- 52-Week Range
- $64.56–105.81
- Bid/Ask
- $97.04 / $98.41
- Market Cap
- $2.77 Bil
- Volume/Avg
- 101,460 / 210,651
Key Statistics
- Price/Earnings (Normalized)
- 16.74
- Price/Sales
- 8.92
- Dividend Yield (Trailing)
- 7.41%
- Dividend Yield (Forward)
- 7.45%
- Total Yield
- 7.41%
Company Profile
Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Stock Style Box
- Small Core
- Total Number of Employees
- 21
Comparables
Valuation
|
Metric
|
IIPR
|
EPRT
|
SRG
|
|---|---|---|---|
Price/Earnings (Normalized) | 16.74 | 22.45 | — |
Price/Book Value | 1.42 | 1.43 | 0.93 |
Price/Sales | 8.92 | 11.05 | 25.19 |
Price/Cash Flow | 11.02 | 15.42 | — |
Price/Earnings
IIPR
EPRT
SRG
Financial Strength
|
Metric
|
IIPR
|
EPRT
|
SRG
|
|---|---|---|---|
Quick Ratio | 1.23 | 5.28 | 2.88 |
Current Ratio | 1.24 | 5.30 | 3.97 |
Interest Coverage | 10.76 | 4.47 | −2.86 |
Quick Ratio
IIPR
EPRT
SRG
Profitability
|
Metric
|
IIPR
|
EPRT
|
SRG
|
|---|---|---|---|
Return on Assets (Normalized) | 7.54% | 4.65% | −5.62% |
Return on Equity (Normalized) | 9.33% | 7.31% | −11.97% |
Return on Invested Capital (Normalized) | 8.29% | 5.94% | −4.15% |
Return on Assets
IIPR
EPRT
SRG
REIT - Industrial Industry Comparables
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
PLD
| Prologis Inc | Vlmrntwn | Bpth | $96.3 Bil | |
PSA
| Public Storage | Pgtlxlnvb | Zcr | $45.3 Bil | |
EXR
| Extra Space Storage Inc | Gfxqvzpbw | Plckq | $28.2 Bil | |
SEGXF
| Segro PLC | — | Wpm | $14.3 Bil | |
REXR
| Rexford Industrial Realty Inc | — | Ccy | $9.4 Bil | |
CUBE
| CubeSmart | Dvxxjjzn | Vcqvp | $9.2 Bil | |
ACDSF
| CapitaLand Ascendas REIT Units | — | Qng | $8.8 Bil | |
EGP
| EastGroup Properties Inc | — | Kfpmgpl | $7.5 Bil | |
COLD
| Americold Realty Trust Inc | Ybstllh | Lzbg | $6.4 Bil | |
STAG
| Stag Industrial Inc | — | Lylwh | $6.3 Bil |