Innovative Industrial Properties Inc IIPR

Morningstar Rating

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.

Price vs Fair Value

IIPR is trading at a LOCK|s>vyH premium.
Price
$50.54
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
—

News

Trading Information

Previous Close Price
—
Day Range
—–—
52-Week Range
—–—
Bid/Ask
— / —
Shares Outstanding
27.57M
Market Cap
—
Volume/Avg
— / —

Key Statistics

Price/Earnings (Normalized)
11.04
Price/Sales
5.48
Dividend Yield (Trailing)
15.12%
Dividend Yield (Forward)
15.12%
Dividend Payment Schedule
Jan, Apr, Jul, Oct
Total Yield
18.36%

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)
11.04
Price/Book Value
0.80
Price/Sales
5.48
Price/Cash Flow
6.93
Price/Earnings
IIPR

Financial Strength

Metric
IIPR
Quick Ratio
1.84
Current Ratio
1.86
Interest Coverage
5.46
Quick Ratio
IIPR

Profitability

Metric
IIPR
Return on Assets (Normalized)
6.10%
Return on Equity (Normalized)
8.15%
Return on Invested Capital (Normalized)
6.33%
Return on Assets
IIPR

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1-Day Chart
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Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
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—LOCK|Sr$8B
Americold Realty Trust Inc
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LOCK|!?vQ<h?LOCK|@p#$4B

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