Innovative Industrial Properties Inc.

IIPR | NYSE

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$52.04

-$1.42 (-2.66%)

At close: Oct 30, 2026, 4:00 PM ET

$52.36

+$0.32 (+0.61%)

Pre-market: Nov 2, 2026, 4:09 AM ET

Overview Rating Statistics Financials Earnings Analysts Ownership Dividends Profile

Market Data

Market Cap $1.43B

Enterprise Value $1.84B

Beta 1.40

Average Volume 357K

Shares Outstanding (Diluted) 29.99M

Shares Change YoY 5.91%

Institutional Ownership 75.67%

Exchange NYSE

ISIN US45781V1017

Price Performance

Price Change 1M -1.2%

Price Change 3M -11.5%

Price Change 6M -4.5%

Price Change YTD 9.9%

Price Change 1Y 3.8%

Price Change 3Y -27.6%

Price Change 5Y -80.2%

1M CAGR (ann.) -3.1%

1Y CAGR (ann.) 21.0%

5Y CAGR (ann.) -20.2%

All-Time CAGR 17.8%

Valuation

PE Ratio 11.77

Forward PE 11.52

PEG Ratio -3.18

Forward PEG 1.51

PS Ratio 5.44

Forward PS 5.60

PB Ratio 0.77

P/FCF Ratio 7.30

P/Adj. FCF Ratio 7.73

P/OCF Ratio 7.53

EV/Sales 6.98

EV/EBIT 11.23

EV/EBITDA 7.71

EV/FCF 9.36

Earnings Yield 8.5%

FCF Yield 13.7%

Adj. FCF Yield 12.9%

Financial Health

Net Debt $404.3M

Total Debt $609.03M

Cash & Short-Term Investments $204.73M

Total Assets $2.58B

Current Ratio 1.36

Quick Ratio 1.36

Debt / Equity Ratio 0.33

Debt / EBITDA 2.55

Debt / FCF 3.10

OCF / Debt 0.32

Interest Coverage 5.21

Altman Z-Score 1.34

Piotroski F-Score 4

Margins & Profitability

Gross Profit Margin 60.2%

Operating Profit Margin 52.3%

EBITDA Margin 90.4%

Net Profit Margin 52.3%

FCF Margin 74.5%

Adj. FCF Margin 70.4%

SBC / Revenue 4.1%

SBC Impact (per share) -5.5%

Returns

Return on Assets 5.3%

Return on Equity 7.4%

Return on Invested Capital 5.5%

Return on Capital Employed 5.7%

Return on Tangible Assets 5.3%

Historical Growth (CAGR)

Revenue CAGR 3Y -3.5%

Revenue CAGR 5Y 10.1%

Revenue CAGR 10Y 95.6%

EPS CAGR 3Y -7.9%

EPS CAGR 5Y 2.1%

EPS CAGR 10Y 21.8%

FCF CAGR 3Y 8.0%

FCF CAGR 5Y 23.2%

FCF CAGR 10Y 2275.7%

Analyst Forecasts

Analyst Rating Hold

Analyst Count 2

EPS Growth Next 3Y N/A

Revenue Growth Next 3Y N/A

Earnings Date Nov 2, 2026

EPS Estimate (next Q) $0.90

EPS Growth Est (next Q) -10.9%

Revenue Est (next Q) $61.03M

Revenue Growth Est (next Q) -5.7%

Fair Value Estimates

Graham Number $80.46

Graham Upside 54.6%

Lynch Fair Value $22.10

Lynch Upside -57.5%

Price Target $56.25

Price Target Upside 8.1%

Cash Flow

Operating Cash Flow $196.45M

Free Cash Flow $196.45M

Adj. Free Cash Flow $185.65M

FCF Per Share $6.91

OCF Per Share $6.91

OCF/S Ratio 74.5%

Income Statement

Revenue $263.65M

Gross Profit $165.9M

Operating Income $137.92M

EBITDA $238.4M

Net Income $137.81M

EPS (Diluted) $4.42

Revenue / Employee $10.99M

Profit / Employee $5.74M

Employees 24

Dividends

Annual Dividend $7.60

Dividend Yield 14.60%

Payout Ratio 171.9%

FCF Payout Ratio 112.7%

Adj. FCF Payout Ratio 119.3%

Dividend Growth (YoY) 0.0%

Pay Frequency Quarterly

Ex-Dividend Date Sep 30, 2026