INNOVATIVE INDUSTRIAL PROPER (IIPR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:IIPR - US45781V1017 - REIT
49.59 USD
+0.63 (+1.29%)
IIPR gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 127 industry peers in the Diversified REITs industry. While IIPR has a great profitability rating, there are some minor concerns on its financial health. IIPR has a bad growth rate and is valued cheaply. This makes IIPR very considerable for value investing!
1. Profitability
1.1 Basic Checks
IIPR had positive earnings in the past year.
In the past year IIPR had a positive cash flow from operations.
Each year in the past 5 years IIPR has been profitable.
Each year in the past 5 years IIPR had a positive operating cash flow.
1.2 Ratios
The Return On Assets of IIPR (5.15%) is better than 95.28% of its industry peers.
IIPR has a Return On Equity of 6.46%. This is in the better half of the industry: IIPR outperforms 74.02% of its industry peers.
IIPR has a better Return On Invested Capital (4.98%) than 93.70% of its industry peers.
IIPR had an Average Return On Invested Capital over the past 3 years of 6.00%. This is above the industry average of 3.06%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.15% | ||
| ROE | 6.46% | ||
| ROIC | 4.98% |
ROA(3y)6.58%
ROA(5y)5.75%
ROE(3y)8.08%
ROE(5y)7.08%
ROIC(3y)6%
ROIC(5y)5.36%
1.3 Margins
IIPR has a Profit Margin of 43.61%. This is amongst the best in the industry. IIPR outperforms 93.70% of its industry peers.
IIPR's Profit Margin has been stable in the last couple of years.
IIPR's Operating Margin of 50.54% is amongst the best of the industry. IIPR outperforms 91.34% of its industry peers.
In the last couple of years the Operating Margin of IIPR has remained more or less at the same level.
With an excellent Gross Margin value of 89.20%, IIPR belongs to the best of the industry, outperforming 92.13% of the companies in the same industry.
In the last couple of years the Gross Margin of IIPR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 50.54% | ||
| PM (TTM) | 43.61% | ||
| GM | 89.2% |
OM growth 3Y-5.45%
OM growth 5Y0.08%
PM growth 3Y-2.31%
PM growth 5Y1.02%
GM growth 3Y-2.46%
GM growth 5Y-1.34%
2. Health
2.1 Basic Checks
IIPR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
IIPR has more shares outstanding than it did 1 year ago.
IIPR has more shares outstanding than it did 5 years ago.
The debt/assets ratio for IIPR has been reduced compared to a year ago.
2.2 Solvency
IIPR has an Altman-Z score of 1.83. This is not the best score and indicates that IIPR is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of IIPR (1.83) is better than 93.70% of its industry peers.
The Debt to FCF ratio of IIPR is 2.21, which is a good value as it means it would take IIPR, 2.21 years of fcf income to pay off all of its debts.
IIPR has a Debt to FCF ratio of 2.21. This is amongst the best in the industry. IIPR outperforms 99.21% of its industry peers.
A Debt/Equity ratio of 0.18 indicates that IIPR is not too dependend on debt financing.
IIPR's Debt to Equity ratio of 0.18 is amongst the best of the industry. IIPR outperforms 99.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 2.21 | ||
| Altman-Z | 1.83 |
ROIC/WACC0.62
WACC8%
2.3 Liquidity
IIPR has a Current Ratio of 0.29. This is a bad value and indicates that IIPR is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.29, IIPR is not doing good in the industry: 87.40% of the companies in the same industry are doing better.
IIPR has a Quick Ratio of 0.29. This is a bad value and indicates that IIPR is not financially healthy enough and could expect problems in meeting its short term obligations.
IIPR has a worse Quick ratio (0.29) than 86.61% of its industry peers.
The current and quick ratio evaluation for IIPR is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.29 |
3. Growth
3.1 Past
IIPR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -20.83%.
Measured over the past years, IIPR shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.61% on average per year.
IIPR shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -11.22%.
The Revenue has been growing by 47.16% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-20.83%
EPS 3Y5.99%
EPS 5Y22.61%
EPS Q2Q%-29.2%
Revenue 1Y (TTM)-11.22%
Revenue growth 3Y14.67%
Revenue growth 5Y47.16%
Sales Q2Q%-15.47%
3.2 Future
Based on estimates for the next years, IIPR will show a very negative growth in Earnings Per Share. The EPS will decrease by -12.19% on average per year.
Based on estimates for the next years, IIPR will show a decrease in Revenue. The Revenue will decrease by -4.86% on average per year.
EPS Next Y-26.74%
EPS Next 2Y-12.19%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-13.97%
Revenue Next 2Y-6.47%
Revenue Next 3Y-4.86%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 11.35, which indicates a very decent valuation of IIPR.
Compared to the rest of the industry, the Price/Earnings ratio of IIPR indicates a rather cheap valuation: IIPR is cheaper than 89.76% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.92. IIPR is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 11.84, the valuation of IIPR can be described as very reasonable.
IIPR's Price/Forward Earnings ratio is rather cheap when compared to the industry. IIPR is cheaper than 97.64% of the companies in the same industry.
IIPR's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.35 | ||
| Fwd PE | 11.84 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IIPR is valued cheaply inside the industry as 97.64% of the companies are valued more expensively.
92.13% of the companies in the same industry are more expensive than IIPR, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.01 | ||
| EV/EBITDA | 7.86 |
4.3 Compensation for Growth
The excellent profitability rating of IIPR may justify a higher PE ratio.
IIPR's earnings are expected to decrease with -12.19% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.5
EPS Next 2Y-12.19%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 16.05%, IIPR is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.83, IIPR pays a better dividend. On top of this IIPR pays more dividend than 98.43% of the companies listed in the same industry.
IIPR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 16.05% |
5.2 History
On average, the dividend of IIPR grows each year by 28.79%, which is quite nice.
IIPR has been paying a dividend for over 5 years, so it has already some track record.
As IIPR did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)28.79%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
IIPR pays out 182.38% of its income as dividend. This is not a sustainable payout ratio.
IIPR's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP182.38%
EPS Next 2Y-12.19%
EPS Next 3YN/A
NYSE:IIPR (1/8/2026, 10:58:50 AM)
49.59
+0.63 (+1.29%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners69.92%
Inst Owner Change0%
Ins Owners1.54%
Ins Owner Change0.14%
Market Cap1.39B
Revenue(TTM)276.04M
Net Income(TTM)120.38M
Analysts47.27
Price Target58.4 (17.77%)
Short Float %8.63%
Short Ratio6.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 16.05% |
Yearly Dividend7.56
Dividend Growth(5Y)28.79%
DP182.38%
Div Incr Years7
Div Non Decr Years7
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-7.36%
Min EPS beat(2)-22.17%
Max EPS beat(2)7.46%
EPS beat(4)1
Avg EPS beat(4)-4.78%
Min EPS beat(4)-22.17%
Max EPS beat(4)7.46%
EPS beat(8)3
Avg EPS beat(8)-3.92%
EPS beat(12)7
Avg EPS beat(12)-0.96%
EPS beat(16)8
Avg EPS beat(16)-1.56%
Revenue beat(2)0
Avg Revenue beat(2)-2.61%
Min Revenue beat(2)-3.46%
Max Revenue beat(2)-1.76%
Revenue beat(4)0
Avg Revenue beat(4)-2.08%
Min Revenue beat(4)-3.46%
Max Revenue beat(4)-1.51%
Revenue beat(8)2
Avg Revenue beat(8)-1.9%
Revenue beat(12)5
Avg Revenue beat(12)-0.72%
Revenue beat(16)8
Avg Revenue beat(16)-0.49%
PT rev (1m)0%
PT rev (3m)0.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)10.99%
EPS NY rev (1m)0%
EPS NY rev (3m)5.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.36%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.35 | ||
| Fwd PE | 11.84 | ||
| P/S | 5.03 | ||
| P/FCF | 9.01 | ||
| P/OCF | 6.74 | ||
| P/B | 0.75 | ||
| P/tB | 0.75 | ||
| EV/EBITDA | 7.86 |
EPS(TTM)4.37
EY8.81%
EPS(NY)4.19
Fwd EY8.44%
FCF(TTM)5.5
FCFY11.1%
OCF(TTM)7.36
OCFY14.83%
SpS9.85
BVpS66.5
TBVpS66.24
PEG (NY)N/A
PEG (5Y)0.5
Graham Number80.86
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.15% | ||
| ROE | 6.46% | ||
| ROCE | 6.31% | ||
| ROIC | 4.98% | ||
| ROICexc | 5.07% | ||
| ROICexgc | 5.15% | ||
| OM | 50.54% | ||
| PM (TTM) | 43.61% | ||
| GM | 89.2% | ||
| FCFM | 55.85% |
ROA(3y)6.58%
ROA(5y)5.75%
ROE(3y)8.08%
ROE(5y)7.08%
ROIC(3y)6%
ROIC(5y)5.36%
ROICexc(3y)6.35%
ROICexc(5y)5.68%
ROICexgc(3y)6.4%
ROICexgc(5y)5.72%
ROCE(3y)7.59%
ROCE(5y)6.79%
ROICexgc growth 3Y4.5%
ROICexgc growth 5Y15.06%
ROICexc growth 3Y4.1%
ROICexc growth 5Y14.68%
OM growth 3Y-5.45%
OM growth 5Y0.08%
PM growth 3Y-2.31%
PM growth 5Y1.02%
GM growth 3Y-2.46%
GM growth 5Y-1.34%
F-Score4
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 2.21 | ||
| Debt/EBITDA | 1.6 | ||
| Cap/Depr | 70.37% | ||
| Cap/Sales | 18.81% | ||
| Interest Coverage | 8.58 | ||
| Cash Conversion | 96.63% | ||
| Profit Quality | 128.08% | ||
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.29 | ||
| Altman-Z | 1.83 |
F-Score4
WACC8%
ROIC/WACC0.62
Cap/Depr(3y)415.19%
Cap/Depr(5y)944.48%
Cap/Sales(3y)91.95%
Cap/Sales(5y)210.57%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-20.83%
EPS 3Y5.99%
EPS 5Y22.61%
EPS Q2Q%-29.2%
EPS Next Y-26.74%
EPS Next 2Y-12.19%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-11.22%
Revenue growth 3Y14.67%
Revenue growth 5Y47.16%
Sales Q2Q%-15.47%
Revenue Next Year-13.97%
Revenue Next 2Y-6.47%
Revenue Next 3Y-4.86%
Revenue Next 5YN/A
EBIT growth 1Y-19.95%
EBIT growth 3Y8.42%
EBIT growth 5Y47.29%
EBIT Next Year17.27%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y570.32%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-15.81%
OCF growth 3Y11.05%
OCF growth 5Y41.91%
INNOVATIVE INDUSTRIAL PROPER / IIPR FAQ
What is the ChartMill fundamental rating of INNOVATIVE INDUSTRIAL PROPER (IIPR) stock?
ChartMill assigns a fundamental rating of 6 / 10 to IIPR.
What is the valuation status of INNOVATIVE INDUSTRIAL PROPER (IIPR) stock?
ChartMill assigns a valuation rating of 8 / 10 to INNOVATIVE INDUSTRIAL PROPER (IIPR). This can be considered as Undervalued.
What is the profitability of IIPR stock?
INNOVATIVE INDUSTRIAL PROPER (IIPR) has a profitability rating of 8 / 10.
How financially healthy is INNOVATIVE INDUSTRIAL PROPER?
The financial health rating of INNOVATIVE INDUSTRIAL PROPER (IIPR) is 6 / 10.
What is the expected EPS growth for INNOVATIVE INDUSTRIAL PROPER (IIPR) stock?
The Earnings per Share (EPS) of INNOVATIVE INDUSTRIAL PROPER (IIPR) is expected to decline by -26.74% in the next year.