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Price (delayed)
$133.61
Market cap
$3.79B
P/E Ratio
23.28
Dividend/share
$7.44
EPS
$5.74
Enterprise value
$3.97B
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 6% YoY
The debt has declined by 5% year-on-year
The stock's price to earnings (P/E) is 39% more than its last 4 quarters average of 16.8 but 25% less than its 5-year quarterly average of 31.0
The gross margin has contracted by 2.9% YoY
Key stats
What are the main financial stats of IIPR
Market
Valuations
Earnings
Shares outstanding
28.33M
Market cap
$3.79B
Enterprise value
$3.97B
Price to earnings (P/E)
23.28
Price to book (P/B)
1.94
Price to sales (P/S)
12.09
EV/EBIT
21.83
EV/EBITDA
15.86
EV/Sales
12.71
Revenue
$312.23M
EBIT
$181.83M
EBITDA
$250.23M
Free cash flow
$185.39M
Per share
Balance sheet
Liquidity
EPS
$5.74
Free cash flow per share
$6.56
Book value per share
$68.74
Revenue per share
$11.05
TBVPS
$84.12
Total assets
$2.38B
Total liabilities
$436.98M
Debt
$304.51M
Equity
$1.95B
Working capital
N/A
Debt to equity
0.16
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
0.73
Margins
Efficiency
Dividend
EBITDA margin
80.1%
Gross margin
91.3%
Net margin
52.7%
Operating margin
56.3%
Return on assets
6.8%
Return on equity
8.4%
Return on invested capital
7.1%
Return on capital employed
N/A
Return on sales
58.2%
Dividend yield
5.57%
DPS
$7.44
Payout ratio
129.6%
IIPR stock price
How has the Innovative Industrial Properties stock price performed over time
Intraday
0.97%
1 week
0.83%
1 month
-1.69%
1 year
83.03%
YTD
32.52%
QTD
-0.74%
Financial performance
How have Innovative Industrial Properties's revenue and profit performed over time
Revenue
$312.23M
Gross profit
$285.15M
Operating income
$175.64M
Net income
$164.65M
Gross margin
91.3%
Net margin
52.7%
Innovative Industrial Properties's revenue has increased by 6% YoY
The net margin has declined by 4.2% year-on-year
The operating income is up by 4.1% year-on-year
The gross margin has contracted by 2.9% YoY
Growth
What is Innovative Industrial Properties's growth rate over time
Valuation
What is Innovative Industrial Properties stock price valuation
P/E
23.28
P/B
1.94
P/S
12.09
EV/EBIT
21.83
EV/EBITDA
15.86
EV/Sales
12.71
The stock's price to earnings (P/E) is 39% more than its last 4 quarters average of 16.8 but 25% less than its 5-year quarterly average of 31.0
IIPR's P/B is 39% above its last 4 quarters average of 1.4 but 3% below its 5-year quarterly average of 2.0
The stock's price to sales (P/S) is 36% more than its last 4 quarters average of 8.9 but 33% less than its 5-year quarterly average of 18.0
Innovative Industrial Properties's revenue has increased by 6% YoY
Efficiency
How efficient is Innovative Industrial Properties business performance
IIPR's return on sales is down by 4.7% year-on-year
IIPR's return on invested capital is up by 4.4% year-on-year
Innovative Industrial Properties's ROA has increased by 3% YoY
The return on equity is up by 2.4% year-on-year
Dividends
What is IIPR's dividend history
DPS
$7.44
Dividend yield
5.57%
Payout ratio
129.6%
Recent dividends
Special dividends are included in TTM DPS and yield
Financial health
How did Innovative Industrial Properties financials performed over time
The debt is 84% smaller than the equity
The debt has declined by 5% year-on-year
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.