IIPR Innovative Industrial Properties Inc

Price (delayed)

$121.7

Market cap

$3.45B

P/E Ratio

21.2

Dividend/share

$7.34

EPS

$5.74

Enterprise value

$3.6B

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
Innovative Industrial Properties's revenue has increased by 7% YoY
The debt has declined by 7% year-on-year
The stock's price to earnings (P/E) is 39% more than its last 4 quarters average of 15.3 but 37% less than its 5-year quarterly average of 33.4
The gross margin has contracted by 3.7% YoY

Key stats

What are the main financial stats of IIPR
Market
Shares outstanding
28.33M
Market cap
$3.45B
Enterprise value
$3.6B
Valuations
Price to book (P/B)
1.76
Price to sales (P/S)
11.09
EV/EBIT
19.87
EV/EBITDA
14.47
EV/Sales
11.66
Earnings
Revenue
$308.89M
EBIT
$181.26M
EBITDA
$248.89M
Free cash flow
$161.93M
Per share
EPS
$5.74
Free cash flow per share
$5.75
Book value per share
$69.33
Revenue per share
$10.98
TBVPS
$84.97
Balance sheet
Total assets
$2.4B
Total liabilities
$444.09M
Debt
$307.24M
Equity
$1.96B
Working capital
N/A
Liquidity
Debt to equity
0.16
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
0.62
Margins
EBITDA margin
80.6%
Gross margin
91.6%
Net margin
53.1%
Operating margin
56.1%
Efficiency
Return on assets
6.8%
Return on equity
8.3%
Return on invested capital
7%
Return on capital employed
N/A
Return on sales
58.7%
Dividend
Dividend yield
6.03%
DPS
$7.34
Payout ratio
127.9%

IIPR stock price

How has the Innovative Industrial Properties stock price performed over time
Intraday
2.59%
1 week
12.71%
1 month
14.14%
1 year
60.66%
YTD
20.71%
QTD
11.43%

Financial performance

How have Innovative Industrial Properties's revenue and profit performed over time
Revenue
$308.89M
Gross profit
$282.91M
Operating income
$173.26M
Net income
$163.92M
Gross margin
91.6%
Net margin
53.1%
Innovative Industrial Properties's revenue has increased by 7% YoY
Innovative Industrial Properties's operating margin has decreased by 4.8% YoY
The net margin has declined by 4.7% year-on-year
The gross margin has contracted by 3.7% YoY

Growth

What is Innovative Industrial Properties's growth rate over time

Valuation

What is Innovative Industrial Properties stock price valuation
P/E
21.2
P/B
1.76
P/S
11.09
EV/EBIT
19.87
EV/EBITDA
14.47
EV/Sales
11.66
The stock's price to earnings (P/E) is 39% more than its last 4 quarters average of 15.3 but 37% less than its 5-year quarterly average of 33.4
IIPR's P/B is 35% above its last 4 quarters average of 1.3 but 12% below its 5-year quarterly average of 2.0
The stock's price to sales (P/S) is 42% less than its 5-year quarterly average of 19.1 but 37% more than its last 4 quarters average of 8.1
Innovative Industrial Properties's revenue has increased by 7% YoY

Efficiency

How efficient is Innovative Industrial Properties business performance
IIPR's return on sales is down by 5% year-on-year
IIPR's return on invested capital is up by 4.5% year-on-year
Innovative Industrial Properties's ROA has increased by 3% YoY
The return on equity is up by 2.5% year-on-year

Dividends

What is IIPR's dividend history
DPS
$7.34
Dividend yield
6.03%
Payout ratio
127.9%
Recent dividends

Financial health

How did Innovative Industrial Properties financials performed over time
Innovative Industrial Properties's total liabilities has decreased by 2.4% YoY
The debt is 84% smaller than the equity
The debt has declined by 7% year-on-year
The company's debt to equity fell by 6% YoY

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