IIPR Innovative Industrial Properties Inc

Price (delayed)

$232.74

Market cap

$5.57B

P/E Ratio

57.04

Dividend/share

$5.13

EPS

$4.08

Enterprise value

$5.84B

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

IIPR's net income has soared by 130% YoY and by 20% from the previous quarter

Innovative Industrial Properties's revenue has soared by 118% YoY and by 18% from the previous quarter

The stock's price to earnings (P/E) is 19% more than its last 4 quarters average of 48.0

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

23.93M

Market cap

$5.57B

Enterprise value

$5.84B

Valuations

Price to earnings (P/E)

57.04

Price to book (P/B)

3.68

Price to sales (P/S)

34.08

EV/EBIT

55.6

EV/EBITDA

41.7

EV/Sales

35.81

Earnings

Revenue

$163.17M

EBIT

$105.11M

EBITDA

$140.16M

Free cash flow

-$325.16M

Per share

EPS

$4.08

Free cash flow per share

-$13.61

Book value per share

$63.33

Revenue per share

$6.83

TBVPS

$87.52

Balance sheet

Total assets

$2.09B

Total liabilities

$575.68M

Debt

$431.19M

Equity

$1.52B

Working capital

N/A

Liquidity

Debt to equity

0.28

Current ratio

N/A

Quick ratio

N/A

Net debt/EBITDA

1.96

Margins

EBITDA margin

85.9%

Gross margin

96.8%

Net margin

58.7%

Operating margin

63.7%

Efficiency

Return on assets

5.3%

Return on equity

6.5%

Return on invested capital

5.7%

Return on capital employed

N/A

Return on sales

64.4%

Dividend

Dividend yield

2.2%

DPS

$5.13

Payout ratio

125.7%

IIPR stock price

How has the Innovative Industrial Properties stock price performed over time

Intraday

-1.16%

1 week

-0.96%

1 month

1.88%

1 year

84.45%

YTD

27.09%

QTD

21.84%

Financial performance

How have Innovative Industrial Properties's revenue and profit performed over time

Revenue

$163.17M

Gross profit

$157.98M

Operating income

$103.9M

Net income

$95.81M

Gross margin

96.8%

Net margin

58.7%

The operating income has surged by 137% year-on-year and by 22% since the previous quarter

IIPR's net income has soared by 130% YoY and by 20% from the previous quarter

Innovative Industrial Properties's revenue has soared by 118% YoY and by 18% from the previous quarter

The gross profit has soared by 117% year-on-year and by 18% since 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

57.04

P/B

3.68

P/S

34.08

EV/EBIT

55.6

EV/EBITDA

41.7

EV/Sales

35.81

IIPR's EPS is up by 43% year-on-year and by 13% since the previous quarter

The stock's price to earnings (P/E) is 19% more than its last 4 quarters average of 48.0

IIPR's P/B is 84% above its 5-year quarterly average of 2.0 and 36% above its last 4 quarters average of 2.7

Innovative Industrial Properties's equity has surged by 56% YoY

Innovative Industrial Properties's revenue has soared by 118% YoY and by 18% from the previous quarter

The stock's price to sales (P/S) is 30% more than its 5-year quarterly average of 26.2 and 17% more than its last 4 quarters average of 29.2

Efficiency

How efficient is Innovative Industrial Properties business performance

Innovative Industrial Properties's ROA has increased by 20% YoY and by 6% from the previous quarter

The return on equity is up by 14% year-on-year and by 10% since the previous quarter

IIPR's return on invested capital is up by 10% year-on-year and by 3.6% since the previous quarter

IIPR's return on sales is up by 2.4% since the previous quarter

Dividends

What is IIPR's dividend history

DPS

$5.13

Dividend yield

2.2%

Payout ratio

125.7%

Recent dividends

Financial health

How did Innovative Industrial Properties financials performed over time

Innovative Industrial Properties's total liabilities has soared by 175% YoY and by 105% from the previous quarter

Innovative Industrial Properties's total assets has surged by 77% YoY and by 16% QoQ

The debt is 72% smaller than the equity

The company's debt to equity has surged by 100% YoY

Innovative Industrial Properties's equity has surged by 56% YoY

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