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IIPR Innovative Industrial Properties Inc

Price (delayed)

$106.68

Market cap

$3.02B

P/E Ratio

18.85

Dividend/share

$7.44

EPS

$5.66

Enterprise value

$3.18B

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis ...

Highlights
The stock's price to earnings (P/E) is 39% less than its 5-year quarterly average of 30.7 and 3.3% less than its last 4 quarters average of 19.5
Innovative Industrial Properties's revenue has increased by 3.4% YoY
IIPR's EPS is down by 2.9% year-on-year
The gross margin has contracted by 2.2% YoY

Key stats

What are the main financial stats of IIPR
Market
Shares outstanding
28.33M
Market cap
$3.02B
Enterprise value
$3.18B
Valuations
Price to book (P/B)
1.55
Price to sales (P/S)
9.69
EV/EBIT
17.62
EV/EBITDA
12.72
EV/Sales
10.23
Earnings
Revenue
$310.93M
EBIT
$180.55M
EBITDA
$250.22M
Free cash flow
$196.57M
Per share
EPS
$5.66
Free cash flow per share
$6.96
Book value per share
$68.7
Revenue per share
$11
TBVPS
$84.51
Balance sheet
Total assets
$2.4B
Total liabilities
$448.79M
Debt
$306.71M
Equity
$1.95B
Working capital
N/A
Liquidity
Debt to equity
0.16
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
0.64
Margins
EBITDA margin
80.5%
Gross margin
91%
Net margin
52.5%
Operating margin
55.9%
Efficiency
Return on assets
6.8%
Return on equity
8.3%
Return on invested capital
7.1%
Return on capital employed
N/A
Return on sales
58.1%
Dividend
Dividend yield
6.97%
DPS
$7.44
Payout ratio
131.4%

IIPR stock price

How has the Innovative Industrial Properties stock price performed over time
Intraday
-0.72%
1 week
-2.15%
1 month
-13.27%
1 year
25.24%
YTD
5.81%
QTD
-20.74%

Financial performance

How have Innovative Industrial Properties's revenue and profit performed over time
Revenue
$310.93M
Gross profit
$282.87M
Operating income
$173.74M
Net income
$163.27M
Gross margin
91%
Net margin
52.5%
The net margin has declined by 4.5% year-on-year
Innovative Industrial Properties's revenue has increased by 3.4% YoY
The gross margin has contracted by 2.2% YoY

Growth

What is Innovative Industrial Properties's growth rate over time

Valuation

What is Innovative Industrial Properties stock price valuation
P/E
18.85
P/B
1.55
P/S
9.69
EV/EBIT
17.62
EV/EBITDA
12.72
EV/Sales
10.23
The stock's price to earnings (P/E) is 39% less than its 5-year quarterly average of 30.7 and 3.3% less than its last 4 quarters average of 19.5
IIPR's EPS is down by 2.9% year-on-year
IIPR's P/B is 23% below its 5-year quarterly average of 2.0 and 3.1% below its last 4 quarters average of 1.6
The stock's price to sales (P/S) is 45% less than its 5-year quarterly average of 17.7 and 5% less than its last 4 quarters average of 10.2
Innovative Industrial Properties's revenue has increased by 3.4% YoY

Efficiency

How efficient is Innovative Industrial Properties business performance
IIPR's return on sales is down by 4.6% year-on-year

Dividends

What is IIPR's dividend history
DPS
$7.44
Dividend yield
6.97%
Payout ratio
131.4%
Recent dividends

Special dividends are included in TTM DPS and yield

Financial health

How did Innovative Industrial Properties financials performed over time
Innovative Industrial Properties's total liabilities has increased by 2.7% from the previous quarter
The debt is 84% smaller than the equity
The debt has declined by 2.1% year-on-year

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified. Data from and Sharadar.