INNOVATIVE INDUSTRIAL PROPER (IIPR) Stock Fundamental Analysis
NYSE:IIPR - New York Stock Exchange, Inc. - US45781V1017 - REIT - Currency: USD
Taking everything into account, IIPR scores 7 out of 10 in our fundamental rating. IIPR was compared to 129 industry peers in the Diversified REITs industry. IIPR has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. IIPR has a bad growth rate and is valued cheaply. These ratings would make IIPR suitable 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.
In the past 5 years IIPR has always been profitable.
IIPR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
IIPR has a better Return On Assets (6.63%) than 97.67% of its industry peers.
IIPR's Return On Equity of 8.14% is amongst the best of the industry. IIPR outperforms 82.95% of its industry peers.
IIPR's Return On Invested Capital of 6.08% is amongst the best of the industry. IIPR outperforms 95.35% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for IIPR is above the industry average of 3.17%.
The last Return On Invested Capital (6.08%) for IIPR is above the 3 year average (6.00%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.63% | ||
| ROE | 8.14% | ||
| ROIC | 6.08% |
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
With an excellent Profit Margin value of 51.08%, IIPR belongs to the best of the industry, outperforming 97.67% of the companies in the same industry.
In the last couple of years the Profit Margin of IIPR has remained more or less at the same level.
Looking at the Operating Margin, with a value of 55.94%, IIPR belongs to the top of the industry, outperforming 94.57% of the companies in the same industry.
IIPR's Operating Margin has been stable in the last couple of years.
IIPR's Gross Margin of 90.77% is amongst the best of the industry. IIPR outperforms 93.02% of its industry peers.
IIPR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 55.94% | ||
| PM (TTM) | 51.08% | ||
| GM | 90.77% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so IIPR is destroying value.
IIPR has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, IIPR has more shares outstanding
The debt/assets ratio for IIPR has been reduced compared to a year ago.
2.2 Solvency
IIPR has an Altman-Z score of 2.33. 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 (2.33) is better than 96.12% of its industry peers.
IIPR has a debt to FCF ratio of 1.69. This is a very positive value and a sign of high solvency as it would only need 1.69 years to pay back of all of its debts.
IIPR has a better Debt to FCF ratio (1.69) than 100.00% of its industry peers.
IIPR has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
IIPR has a better Debt to Equity ratio (0.15) than 98.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.69 | ||
| Altman-Z | 2.33 |
ROIC/WACC0.74
WACC8.2%
2.3 Liquidity
IIPR has a Current Ratio of 1.09. This is a normal value and indicates that IIPR is financially healthy and should not expect problems in meeting its short term obligations.
IIPR has a Current ratio (1.09) which is comparable to the rest of the industry.
IIPR has a Quick Ratio of 1.09. This is a normal value and indicates that IIPR is financially healthy and should not expect problems in meeting its short term obligations.
IIPR has a Quick ratio (1.09) which is in line with 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 | 1.09 | ||
| Quick Ratio | 1.09 |
3. Growth
3.1 Past
The earnings per share for IIPR have decreased by -5.89% in the last year.
IIPR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.61% yearly.
IIPR shows a decrease in Revenue. In the last year, the revenue decreased by -0.32%.
Measured over the past years, IIPR shows a very strong growth in Revenue. The Revenue has been growing by 47.16% on average per year.
EPS 1Y (TTM)-5.89%
EPS 3Y5.99%
EPS 5Y22.61%
EPS Q2Q%-6.21%
Revenue 1Y (TTM)-0.32%
Revenue growth 3Y14.67%
Revenue growth 5Y47.16%
Sales Q2Q%-3.05%
3.2 Future
The Earnings Per Share is expected to decrease by -8.96% on average over the next years.
Based on estimates for the next years, IIPR will show a decrease in Revenue. The Revenue will decrease by -4.46% on average per year.
EPS Next Y-19.7%
EPS Next 2Y-8.96%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-10.7%
Revenue Next 2Y-4.46%
Revenue Next 3YN/A
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 9.81 indicates a reasonable 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 92.25% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of IIPR to the average of the S&P500 Index (28.10), we can say IIPR is valued rather cheaply.
With a Price/Forward Earnings ratio of 12.22, IIPR is valued correctly.
Based on the Price/Forward Earnings ratio, IIPR is valued cheaper than 96.90% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of IIPR to the average of the S&P500 Index (20.74), we can say IIPR is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.81 | ||
| Fwd PE | 12.22 |
4.2 Price Multiples
IIPR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. IIPR is cheaper than 98.45% of the companies in the same industry.
89.92% 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 | 8.45 | ||
| EV/EBITDA | 6.92 |
4.3 Compensation for Growth
IIPR has an outstanding profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as IIPR's earnings are expected to decrease with -8.96% in the coming years.
PEG (NY)N/A
PEG (5Y)0.43
EPS Next 2Y-8.96%
EPS Next 3YN/A
5. Dividend
5.1 Amount
IIPR has a Yearly Dividend Yield of 13.82%, which is a nice return.
The stock price of IIPR dropped by -25.53% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
IIPR's Dividend Yield is rather good when compared to the industry average which is at 6.64. IIPR pays more dividend than 95.35% of the companies in the same industry.
IIPR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.82% |
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 Years6
Div Non Decr Years6
5.3 Sustainability
IIPR pays out 135.49% 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.
DP135.49%
EPS Next 2Y-8.96%
EPS Next 3YN/A
NYSE:IIPR (5/6/2025, 3:06:44 PM)
53.285
-1.45 (-2.64%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners73.25%
Inst Owner Change-0.85%
Ins Owners1.41%
Ins Owner Change5.25%
Market Cap1.49B
Analysts52.31
Price Target68.34 (28.25%)
Short Float %6.19%
Short Ratio4.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.82% |
Yearly Dividend7.56
Dividend Growth(5Y)28.79%
DP135.49%
Div Incr Years6
Div Non Decr Years6
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.56%
Min EPS beat(2)-7.16%
Max EPS beat(2)-1.96%
EPS beat(4)1
Avg EPS beat(4)-3.79%
Min EPS beat(4)-7.16%
Max EPS beat(4)0.86%
EPS beat(8)5
Avg EPS beat(8)-0.71%
EPS beat(12)7
Avg EPS beat(12)0.2%
EPS beat(16)10
Avg EPS beat(16)0.25%
Revenue beat(2)0
Avg Revenue beat(2)-2.31%
Min Revenue beat(2)-3.05%
Max Revenue beat(2)-1.58%
Revenue beat(4)1
Avg Revenue beat(4)-2.49%
Min Revenue beat(4)-6%
Max Revenue beat(4)0.66%
Revenue beat(8)4
Avg Revenue beat(8)-0.26%
Revenue beat(12)8
Avg Revenue beat(12)-0.08%
Revenue beat(16)11
Avg Revenue beat(16)0.31%
PT rev (1m)-16.04%
PT rev (3m)-29.92%
EPS NQ rev (1m)-3.26%
EPS NQ rev (3m)2.24%
EPS NY rev (1m)-14.02%
EPS NY rev (3m)-11.44%
Revenue NQ rev (1m)-1.69%
Revenue NQ rev (3m)0.58%
Revenue NY rev (1m)-5.96%
Revenue NY rev (3m)-4.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.81 | ||
| Fwd PE | 12.22 | ||
| P/S | 4.84 | ||
| P/FCF | 8.45 | ||
| P/OCF | 5.77 | ||
| P/B | 0.77 | ||
| P/tB | 0.77 | ||
| EV/EBITDA | 6.92 |
EPS(TTM)5.43
EY10.19%
EPS(NY)4.36
Fwd EY8.18%
FCF(TTM)6.31
FCFY11.84%
OCF(TTM)9.23
OCFY17.32%
SpS11.01
BVpS69.12
TBVpS68.83
PEG (NY)N/A
PEG (5Y)0.43
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.63% | ||
| ROE | 8.14% | ||
| ROCE | 7.69% | ||
| ROIC | 6.08% | ||
| ROICexc | 6.5% | ||
| ROICexgc | 6.61% | ||
| OM | 55.94% | ||
| PM (TTM) | 51.08% | ||
| GM | 90.77% | ||
| FCFM | 57.27% |
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%
ROICexcg growth 3Y4.5%
ROICexcg 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-Score5
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.69 | ||
| Debt/EBITDA | 1.22 | ||
| Cap/Depr | 115.46% | ||
| Cap/Sales | 26.5% | ||
| Interest Coverage | 10.75 | ||
| Cash Conversion | 106.19% | ||
| Profit Quality | 112.12% | ||
| Current Ratio | 1.09 | ||
| Quick Ratio | 1.09 | ||
| Altman-Z | 2.33 |
F-Score5
WACC8.2%
ROIC/WACC0.74
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)-5.89%
EPS 3Y5.99%
EPS 5Y22.61%
EPS Q2Q%-6.21%
EPS Next Y-19.7%
EPS Next 2Y-8.96%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-0.32%
Revenue growth 3Y14.67%
Revenue growth 5Y47.16%
Sales Q2Q%-3.05%
Revenue Next Year-10.7%
Revenue Next 2Y-4.46%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-1.15%
EBIT growth 3Y8.42%
EBIT growth 5Y47.29%
EBIT Next Year19.3%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y150.46%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1.14%
OCF growth 3Y11.05%
OCF growth 5Y41.91%