Innovative Industrial Properties Inc Stock

$68.11

3.68% day before yesterday

NYSE, Dec 27, 10:10 pm CET

ISIN

US45781V1017

Symbol

IIPR

Reports

Quarter | Annual

Index

NYSE Composite, S&P SmallCap 600

Sector

Finances

Industry

Real estate

Overview Dividends Analysts Charts News Strategies

Innovative Industrial Properties Inc Stock price

$68.11

-7.23 9.60% 5Y

NYSE, Closing price Fri, Dec 27 2024

-2.60 3.68%

ISIN

US45781V1017

Symbol

IIPR

Reports

Quarter | Annual

Index

NYSE Composite, S&P SmallCap 600

Sector

Finances

Industry

Real estate

Key metrics

Market capitalization	$1.93b
Enterprise Value	$2.08b
P/E (TTM) P/E ratio	12.12
EV/FCF (TTM) EV/FCF	10.39
EV/Sales (TTM) EV/Sales	6.69
P/S ratio (TTM) P/S ratio	6.21
P/B ratio (TTM) P/B ratio	1.00
Dividend yield	11.04%
Last dividend (FY24)	$7.52
Revenue growth (TTM) Revenue growth	3.36%
Revenue (TTM) Revenue	$310.93m
EBIT (operating result TTM) EBIT	$173.74m
Free Cash Flow (TTM) Free Cash Flow	$200.23m
Cash position	$172.44m
EPS (TTM) EPS	$5.62
P/S forward	6.30
EV/Sales forward	6.78
Short interest	7.65%

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Innovative Industrial Properties Inc Stock Analysis

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7 Analysts have issued a Innovative Industrial Properties Inc forecast:

5x Hold

71%

More details on Analyst Estimates Including Price Targets

7 Analysts have issued a Innovative Industrial Properties Inc forecast:

Buy

14%

Hold

71%

Sell

14%

Analyst Estimates with Stock Price Targets

Financial data from Innovative Industrial Properties Inc

Income Statement P&L | Balance Sheet | Cash Flow

Quarter TTM Annually

Sep '24		+/- %
Revenue	311 311	3% 3% 100%
- Direct Costs	98 98	12% 12% 31%
Gross Profit	213 213	0% 0% 69%
- Selling and Administrative Expenses	-	-
- Research and Development Expense	- -	- -
EBITDA	243 243	2% 2% 78%
- Depreciation and Amortization	70 70	5% 5% 22%
EBIT (Operating Income) EBIT	174 174	1% 1% 56%
Net Profit	161 161	2% 2% 52%

In millions USD.

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Innovative Industrial Properties Inc Stock News

Positive

Seeking Alpha

●

about 17 hours ago

8 Stocks I'm Buying As I Hone My Buying Strategy For 2025

I visualize my portfolio as a galley ship with rowers (steady compounders) and sails (high-yielding securities) for balanced growth and income. In 2025, my goal is to refocus on rowers to enhance dividend growth, using Schwab US Dividend Equity ETF (SCHD) as a primary vehicle. I've sold high-risk stocks and reinvested in higher-yielding, safer options, but my portfolio is now too weighted towar...

Negative

Seeking Alpha

●

one day ago

Innovative Industrial's Business Model Fails, While Plymouth Shows Resilience

Plymouth Industrial REIT, Inc. is a strong industrial REIT with a durable business model, trading at a discounted AFFO multiple and well below NAV. Innovative Industrial Properties, Inc. faces significant tenant difficulties, with high rent per foot and risky tenant investment strategy leading to potential long-term vacancies or reduced rents. PLYM's tenant defaults are minor and have led to hi...

Positive

Seeking Alpha

●

one day ago

How Fear Is Boosting Innovative Industrial Properties' Upside

IIPR has dropped nearly 50%, creating a compelling opportunity with a 10.8% dividend yield. Defaulting on 16.5% of ABR, but high-growth states like New York offer quick re-leasing potential. Trading at 8x P/AFFO, significantly below historical levels, making IIPR an attractive play for value investors.

More Innovative Industrial Properties Inc News

Company Profile

Innovative Industrial Properties, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. It operates through the following geographical segments: Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New York, North Dakota, Ohio, and Pennsylvania. The firm's property portfolio include PharmaCann; Ascend Wellness Holdings, LLC; Vireo Health, Inc.; and Green Peak Industries, LLC. The company was founded by Alan D. Gold and Paul E. Smithers on June 15, 2016 and is headquartered in San Diego, CA.

Head office	United States
CEO	Paul Smithers
Employees	21
Founded	2016
Website	www.innovativeindustrialproperties.com

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