IIPR Innovative Industrial Properties Inc

  1. Stocks
  2. Real Estate
  3. NYSE: IIPR

Price (delayed)

$119.33

Market cap

$3.34B

P/E Ratio

23.96

Dividend/share

$6.15

EPS

$4.98

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
The gross profit has soared by 65% year-on-year and by 10% since the previous quarter
The stock's price to earnings (P/E) is 65% less than its 5-year quarterly average of 65.3 and 53% less than its last 4 quarters average of 49.0
The debt has soared by 120% year-on-year but it has declined by 7% since the previous quarter
Sector: Real Estate
Industry: REIT - Industrial
Website: http://www.innovativeindustrialproperties.com
Peers: NREF

Key stats

What are the main financial stats of IIPR
Market
Shares outstanding
27.97M
Market cap
$3.34B
Enterprise value
$3.6B
Valuations
Price to earnings (P/E)
23.96
Price to book (P/B)
1.86
Price to sales (P/S)
13.52
EV/EBIT
24.96
EV/EBITDA
18.84
EV/Sales
15.9
Earnings
Revenue
$226.17M
EBIT
$144.09M
EBITDA
$190.9M
Free cash flow
-$540.77M
Per share
EPS
$4.98
Free cash flow per share
-$21.11
Book value per share
$64.26
Revenue per share
$8.83
TBVPS
$81.92
Balance sheet
Total assets
$2.11B
Total liabilities
$461.45M
Debt
$303.54M
Equity
$1.65B
Working capital
N/A
Liquidity
Debt to equity
0.18
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
1.35
Margins
EBITDA margin
84.4%
Gross margin
97.5%
Net margin
54.4%
Operating margin
65.2%
Efficiency
Return on assets
5.8%
Return on equity
7.7%
Return on invested capital
6.1%
Return on capital employed
N/A
Return on sales
63.7%
Dividend
Dividend yield
5.15%
DPS
$6.15
Payout ratio
123.5%

IIPR stock price

How has the Innovative Industrial Properties stock price performed over time
Intraday
4.94%
1 week
10.14%
1 month
-3.86%
1 year
-38.17%
YTD
-54.61%
QTD
-41.9%

Financial performance

How have Innovative Industrial Properties's revenue and profit performed over time
Revenue
$226.17M
Gross profit
$220.52M
Operating income
$147.57M
Net income
$123.11M
Gross margin
97.5%
Net margin
54.4%
The operating income has surged by 73% year-on-year and by 9% since the previous quarter
The gross profit has soared by 65% year-on-year and by 10% since the previous quarter
Innovative Industrial Properties's revenue has soared by 63% YoY and by 11% from the previous quarter
IIPR's net income has soared by 54% YoY and by 8% from the previous quarter

Growth

What is Innovative Industrial Properties's growth rate over time

Valuation

What is Innovative Industrial Properties stock price valuation
P/E
23.96
P/B
1.86
P/S
13.52
EV/EBIT
24.96
EV/EBITDA
18.84
EV/Sales
15.9
The stock's price to earnings (P/E) is 65% less than its 5-year quarterly average of 65.3 and 53% less than its last 4 quarters average of 49.0
IIPR's EPS is up by 38% year-on-year and by 6% since the previous quarter
IIPR's P/B is 48% below its last 4 quarters average of 3.4 and 23% below its 5-year quarterly average of 2.3
Innovative Industrial Properties's equity has increased by 9% YoY and by 2.2% QoQ
Innovative Industrial Properties's revenue has soared by 63% YoY and by 11% from the previous quarter
The stock's price to sales (P/S) is 54% less than its last 4 quarters average of 28.0 and 52% less than its 5-year quarterly average of 27.0

Efficiency

How efficient is Innovative Industrial Properties business performance
The return on equity is up by 31% year-on-year and by 5% since the previous quarter
Innovative Industrial Properties's ROA has increased by 16% YoY and by 3.6% from the previous quarter
IIPR's return on invested capital is up by 11% year-on-year and by 3.4% since the previous quarter

Dividends

What is IIPR's dividend history
Dividend details
DPS
$6.15
Dividend yield
5.15%
Payout ratio
123.5%
Recent dividends

Financial health

How did Innovative Industrial Properties financials performed over time
Innovative Industrial Properties's total liabilities has soared by 65% YoY but it has decreased by 2.4% from the previous quarter
Innovative Industrial Properties's total assets has increased by 17% YoY
The debt is 82% smaller than the equity
The debt has soared by 120% year-on-year but it has declined by 7% since the previous quarter
The company's debt to equity has surged by 100% YoY but it fell by 10% QoQ

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