IIPR Innovative Industrial Properties Inc

Price (delayed)

$97.99

Market cap

$2.76B

P/E Ratio

16.84

Dividend/share

$7.22

EPS

$5.82

Enterprise value

$2.93B

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 12% YoY and by 2.9% from the previous quarter
The gross profit has grown by 7% year-on-year
The stock's price to earnings (P/E) is 58% less than its 5-year quarterly average of 40.3 but 19% more than its last 4 quarters average of 14.1
The gross margin has contracted by 4.4% YoY

Key stats

What are the main financial stats of IIPR
Market
Shares outstanding
28.21M
Market cap
$2.76B
Enterprise value
$2.93B
Valuations
Price to book (P/B)
1.41
Price to sales (P/S)
8.86
EV/EBIT
16.02
EV/EBITDA
11.72
EV/Sales
9.48
Earnings
Revenue
$309.51M
EBIT
$183.06M
EBITDA
$250.25M
Free cash flow
$70.55M
Per share
EPS
$5.82
Free cash flow per share
$2.52
Book value per share
$69.65
Revenue per share
$11.06
TBVPS
$85.17
Balance sheet
Total assets
$2.39B
Total liabilities
$438.12M
Debt
$310.47M
Equity
$1.95B
Working capital
N/A
Liquidity
Debt to equity
0.16
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
0.67
Margins
EBITDA margin
80.9%
Gross margin
92%
Net margin
53.5%
Operating margin
56.4%
Efficiency
Return on assets
6.9%
Return on equity
8.4%
Return on invested capital
7%
Return on capital employed
N/A
Return on sales
59.1%
Dividend
Dividend yield
7.37%
DPS
$7.22
Payout ratio
124.1%

IIPR stock price

How has the Innovative Industrial Properties stock price performed over time
Intraday
0.49%
1 week
7.61%
1 month
1.39%
1 year
10.84%
YTD
-2.81%
QTD
-2.81%

Financial performance

How have Innovative Industrial Properties's revenue and profit performed over time
Revenue
$309.51M
Gross profit
$284.61M
Operating income
$174.59M
Net income
$165.59M
Gross margin
92%
Net margin
53.5%
Innovative Industrial Properties's revenue has increased by 12% YoY and by 2.9% from the previous quarter
The gross profit has grown by 7% year-on-year
IIPR's net income is up by 7% YoY
Innovative Industrial Properties's operating margin has decreased by 6% YoY

Growth

What is Innovative Industrial Properties's growth rate over time

Valuation

What is Innovative Industrial Properties stock price valuation
P/E
16.84
P/B
1.41
P/S
8.86
EV/EBIT
16.02
EV/EBITDA
11.72
EV/Sales
9.48
The stock's price to earnings (P/E) is 58% less than its 5-year quarterly average of 40.3 but 19% more than its last 4 quarters average of 14.1
IIPR's EPS is up by 4.5% year-on-year
IIPR's P/B is 36% below its 5-year quarterly average of 2.2 but 17% above its last 4 quarters average of 1.2
The stock's price to sales (P/S) is 60% less than its 5-year quarterly average of 22.3 but 16% more than its last 4 quarters average of 7.6
Innovative Industrial Properties's revenue has increased by 12% YoY and by 2.9% from the previous quarter

Efficiency

How efficient is Innovative Industrial Properties business performance
Innovative Industrial Properties's ROA has increased by 6% YoY
IIPR's return on sales is down by 5% year-on-year and by 3% since the previous quarter
IIPR's return on invested capital is up by 4.5% year-on-year
The return on equity is up by 3.7% year-on-year

Dividends

What is IIPR's dividend history
DPS
$7.22
Dividend yield
7.37%
Payout ratio
124.1%
Recent dividends

Financial health

How did Innovative Industrial Properties financials performed over time
Innovative Industrial Properties's total liabilities has decreased by 3.3% YoY
The debt is 84% smaller than the equity
The debt has declined by 6% 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.