Innovative Industrial Properties Inc Stock

$134.75

0.83% yesterday

NYSE, Sep 18, 10:10 pm CET

ISIN

US45781V1017

Symbol

IIPR

Reports

Quarter | Annual

Index

NYSE Composite

Sector

Finances

Industry

Real estate

Overview Dividends Analysts Charts News Strategies

Innovative Industrial Properties Inc Stock price

$134.80

+39.40 41.30% 5Y

NYSE, Closing price Wed, Sep 18 2024

+1.16 0.87%

ISIN

US45781V1017

Symbol

IIPR

Reports

Quarter | Annual

Index

NYSE Composite

Sector

Finances

Industry

Real estate

Key metrics

Market capitalization	$3.82b
Enterprise Value	$3.97b
P/E (TTM) P/E ratio	23.64
EV/FCF (TTM) EV/FCF	21.00
EV/Sales (TTM) EV/Sales	12.72
P/S ratio (TTM) P/S ratio	12.23
P/B ratio (TTM) P/B ratio	1.98
Dividend yield	5.40%
Last dividend (FY23)	$7.22
Revenue growth (TTM) Revenue growth	6.25%
Revenue (TTM) Revenue	$312.23m
EBIT (operating result TTM) EBIT	$175.64m
Free Cash Flow (TTM) Free Cash Flow	$189.06m
Cash position	$160.95m
EPS (TTM) EPS	$5.70
P/S forward	12.17
EV/Sales forward	12.66
Short interest	9.64%

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Innovative Industrial Properties Inc Stock Analysis

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6 Analysts have issued a Innovative Industrial Properties Inc forecast:

2x Buy

33%

4x Hold

67%

More details on Analyst Estimates Including Price Targets

6 Analysts have issued a Innovative Industrial Properties Inc forecast:

Buy

33%

Hold

67%

Analyst Estimates with Stock Price Targets

Financial data from Innovative Industrial Properties Inc

Income Statement P&L | Balance Sheet | Cash Flow

Quarter TTM Annually

Jun '24		+/- %
Revenue	80 80	4% 4% 100%
- Direct Costs	24 24	8% 8% 31%
Gross Profit	55 55	3% 3% 70%
- Selling and Administrative Expenses	-	-
- Research and Development Expense	- -	- -
EBITDA	63 63	5% 5% 79%
- Depreciation and Amortization	17 17	5% 5% 22%
EBIT (Operating Income) EBIT	46 46	5% 5% 57%
Net Profit	41 41	1% 1% 52%

In millions USD.

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Innovative Industrial Properties Inc Stock News

Positive

MarijuanaStocks

●

one day ago

Maximizing Returns: The Top Cannabis REITs for Long-Term Investment Strategies

Ancillary cannabis stocks, particularly Cannabis REITs, are gaining attention due to their potential for steady dividends. Cannabis REITs invest in real estate properties leased to cannabis operators. This provides a unique opportunity for investors to earn income. The US cannabis industry is projected to grow at a compound annual growth rate (CAGR) of over 20% through 2030. This growth is driv...

Positive

Seeking Alpha

●

3 days ago

Innovative Industrial Properties: Preferred Shares Offering Attractive 8.5% Dividend Yield

Innovative Industrial Properties is a REIT focused on leasing properties to the cannabis industry, with preferred shares offering an 8.5% dividend yield. The company improved operating cash flow to $136 million and free cash flow to $122 million, ensuring dividend sustainability. With over $200 million in liquidity, the capital improvement allowance is manageable, but call risk on preferred sha...

Positive

Seeking Alpha

●

5 days ago

If I Could Only Hold 5 REITs Over The Next Decade

I often hold my REITs for just 1-2 years. But there are some exceptions that we expect to hold for the long run. Here 5 REITs that I will hold for the next decade.

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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