IIPR Innovative Industrial Properties Inc

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

Price (delayed)

$75.77

Market cap

$2.12B

P/E Ratio

13.6

Dividend/share

$7.1

EPS

$5.57

Enterprise value

$2.33B

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 stock's price to earnings (P/E) is 77% less than its 5-year quarterly average of 58.3 and 44% less than its last 4 quarters average of 24.3
IIPR's net income is up by 35% YoY and by 9% from 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
28M
Market cap
$2.12B
Enterprise value
$2.33B
Valuations
Price to earnings (P/E)
13.6
Price to book (P/B)
1.08
Price to sales (P/S)
7.5
EV/EBIT
13.52
EV/EBITDA
9.98
EV/Sales
8.45
Earnings
Revenue
$276.36M
EBIT
$172.69M
EBITDA
$233.99M
Free cash flow
-$289.84M
Per share
EPS
$5.57
Free cash flow per share
-$10.6
Book value per share
$70.14
Revenue per share
$10.11
TBVPS
$87.98
Balance sheet
Total assets
$2.41B
Total liabilities
$452.94M
Debt
$301.5M
Equity
$1.96B
Working capital
N/A
Liquidity
Debt to equity
0.15
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
0.91
Margins
EBITDA margin
84.7%
Gross margin
96.2%
Net margin
55.9%
Operating margin
60.1%
Efficiency
Return on assets
6.5%
Return on equity
8.1%
Return on invested capital
6.7%
Return on capital employed
N/A
Return on sales
62.5%
Dividend
Dividend yield
9.37%
DPS
$7.1
Payout ratio
127.5%

IIPR stock price

How has the Innovative Industrial Properties stock price performed over time
Intraday
2.21%
1 week
-5.59%
1 month
-7.76%
1 year
-62.14%
YTD
-25.24%
QTD
-25.24%

Financial performance

How have Innovative Industrial Properties's revenue and profit performed over time
Revenue
$276.36M
Gross profit
$265.84M
Operating income
$166.02M
Net income
$154.39M
Gross margin
96.2%
Net margin
55.9%
IIPR's net income is up by 35% YoY and by 9% from the previous quarter
Innovative Industrial Properties's revenue has increased by 35% YoY and by 4.3% from the previous quarter
The gross profit has grown by 33% year-on-year and by 3.9% since the previous quarter
The operating income is up by 23% year-on-year

Growth

What is Innovative Industrial Properties's growth rate over time

Valuation

What is Innovative Industrial Properties stock price valuation
P/E
13.6
P/B
1.08
P/S
7.5
EV/EBIT
13.52
EV/EBITDA
9.98
EV/Sales
8.45
The stock's price to earnings (P/E) is 77% less than its 5-year quarterly average of 58.3 and 44% less than its last 4 quarters average of 24.3
IIPR's EPS is up by 19% year-on-year and by 5% since the previous quarter
IIPR's P/B is 53% below its 5-year quarterly average of 2.3 and 43% below its last 4 quarters average of 1.9
Innovative Industrial Properties's equity has increased by 22% YoY
The stock's price to sales (P/S) is 70% less than its 5-year quarterly average of 25.4 and 45% less than its last 4 quarters average of 13.7
Innovative Industrial Properties's revenue has increased by 35% YoY and by 4.3% from the previous quarter

Efficiency

How efficient is Innovative Industrial Properties business performance
Innovative Industrial Properties's ROA has increased by 16% YoY and by 4.8% from the previous quarter
IIPR's return on invested capital is up by 14% year-on-year and by 3.1% since the previous quarter
The return on equity is up by 11% year-on-year and by 3.8% since the previous quarter
IIPR's return on sales is down by 3.3% year-on-year but it is up by 2.5% since the previous quarter

Dividends

What is IIPR's dividend history
Dividend details
DPS
$7.1
Dividend yield
9.37%
Payout ratio
127.5%
Recent dividends

Financial health

How did Innovative Industrial Properties financials performed over time
Innovative Industrial Properties's total assets has increased by 16% YoY
Innovative Industrial Properties's total liabilities has decreased by 4.2% YoY and by 2.3% from the previous quarter
The debt is 85% smaller than the equity
The company's debt to equity fell by 25% YoY
Innovative Industrial Properties's equity has increased by 22% YoY

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