INNOVATIVE INDUSTRIAL PROPER (IIPR) Stock Fundamental Analysis
NYSE:IIPR - US45781V1017 - REIT
54.53 USD
-0.02 (-0.04%)
IIPR gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 129 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. These ratings could make IIPR a good candidate 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.
Each year in the past 5 years IIPR had a positive operating cash flow.
1.2 Ratios
IIPR has a better Return On Assets (5.72%) than 97.67% of its industry peers.
Looking at the Return On Equity, with a value of 7.01%, IIPR belongs to the top of the industry, outperforming 80.62% of the companies in the same industry.
IIPR has a Return On Invested Capital of 5.49%. This is amongst the best in 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 3.04%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.72% | ||
| ROE | 7.01% | ||
| ROIC | 5.49% |
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
The Profit Margin of IIPR (45.82%) is better than 96.12% of its industry peers.
IIPR's Profit Margin has been stable in the last couple of years.
IIPR's Operating Margin of 52.68% is amongst the best of the industry. IIPR outperforms 93.80% of its industry peers.
IIPR's Operating Margin has been stable in the last couple of years.
IIPR's Gross Margin of 89.88% is amongst the best of the industry. IIPR outperforms 93.02% of its industry peers.
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 | 52.68% | ||
| PM (TTM) | 45.82% | ||
| GM | 89.88% |
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.
Compared to 1 year ago, IIPR has more shares outstanding
The number of shares outstanding for IIPR has been increased compared to 5 years ago.
Compared to 1 year ago, IIPR has an improved debt to assets ratio.
2.2 Solvency
IIPR has an Altman-Z score of 2.34. 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.
IIPR's Altman-Z score of 2.34 is amongst the best of the industry. IIPR outperforms 96.12% of its industry peers.
The Debt to FCF ratio of IIPR is 1.71, which is an excellent value as it means it would take IIPR, only 1.71 years of fcf income to pay off all of its debts.
IIPR's Debt to FCF ratio of 1.71 is amongst the best of the industry. IIPR outperforms 100.00% of its industry peers.
A Debt/Equity ratio of 0.15 indicates that IIPR is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.15, IIPR belongs to the best of the industry, outperforming 99.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.71 | ||
| Altman-Z | 2.34 |
ROIC/WACC0.68
WACC8.11%
2.3 Liquidity
A Current Ratio of 1.00 indicates that IIPR may have some problems paying its short term obligations.
With a Current ratio value of 1.00, IIPR perfoms like the industry average, outperforming 50.39% of the companies in the same industry.
A Quick Ratio of 1.00 indicates that IIPR may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.00, IIPR is in line with its industry, outperforming 51.94% of the companies in the same industry.
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 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
The earnings per share for IIPR have decreased strongly by -14.82% in the last year.
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 decrease in Revenue. In the last year, the revenue decreased by -7.80%.
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)-14.82%
EPS 3Y5.99%
EPS 5Y22.61%
EPS Q2Q%-35.82%
Revenue 1Y (TTM)-7.8%
Revenue growth 3Y14.67%
Revenue growth 5Y47.16%
Sales Q2Q%-21.18%
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 -14.96% 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-27.49%
EPS Next 2Y-14.96%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-12.88%
Revenue Next 2Y-6.91%
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
With a Price/Earnings ratio of 11.43, the valuation of IIPR can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of IIPR indicates a rather cheap valuation: IIPR is cheaper than 93.80% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.90, IIPR is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 13.89, the valuation of IIPR can be described as correct.
97.67% of the companies in the same industry are more expensive than IIPR, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.52, IIPR is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.43 | ||
| Fwd PE | 13.89 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IIPR is valued cheaper than 99.22% of the companies in the same industry.
91.47% 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 | 9.03 | ||
| EV/EBITDA | 7.65 |
4.3 Compensation for Growth
IIPR has an outstanding profitability rating, which may justify a higher PE ratio.
IIPR's earnings are expected to decrease with -14.96% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.51
EPS Next 2Y-14.96%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 13.50%, IIPR is a good candidate for dividend investing.
IIPR's Dividend Yield is rather good when compared to the industry average which is at 6.14. IIPR pays more dividend than 96.12% of the companies in the same industry.
IIPR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.5% |
5.2 History
The dividend of IIPR is nicely growing with an annual growth rate of 28.79%!
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 166.38% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of IIPR has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP166.38%
EPS Next 2Y-14.96%
EPS Next 3YN/A
NYSE:IIPR (9/3/2025, 2:32:36 PM)
54.53
-0.02 (-0.04%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners73.9%
Inst Owner Change-2.3%
Ins Owners1.54%
Ins Owner Change-0.31%
Market Cap1.53B
Analysts47.27
Price Target59.42 (8.97%)
Short Float %6.89%
Short Ratio5.85
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.5% |
Yearly Dividend7.56
Dividend Growth(5Y)28.79%
DP166.38%
Div Incr Years7
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-12.31%
Min EPS beat(2)-22.17%
Max EPS beat(2)-2.46%
EPS beat(4)0
Avg EPS beat(4)-8.44%
Min EPS beat(4)-22.17%
Max EPS beat(4)-1.96%
EPS beat(8)3
Avg EPS beat(8)-4.82%
EPS beat(12)6
Avg EPS beat(12)-1.64%
EPS beat(16)8
Avg EPS beat(16)-1.95%
Revenue beat(2)0
Avg Revenue beat(2)-2.48%
Min Revenue beat(2)-3.46%
Max Revenue beat(2)-1.51%
Revenue beat(4)0
Avg Revenue beat(4)-2.4%
Min Revenue beat(4)-3.46%
Max Revenue beat(4)-1.51%
Revenue beat(8)2
Avg Revenue beat(8)-1.73%
Revenue beat(12)6
Avg Revenue beat(12)-0.51%
Revenue beat(16)9
Avg Revenue beat(16)-0.34%
PT rev (1m)-14.02%
PT rev (3m)-13.06%
EPS NQ rev (1m)-15.18%
EPS NQ rev (3m)-31.07%
EPS NY rev (1m)-14.03%
EPS NY rev (3m)-9.71%
Revenue NQ rev (1m)-2.2%
Revenue NQ rev (3m)-12.52%
Revenue NY rev (1m)-2%
Revenue NY rev (3m)-1.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.43 | ||
| Fwd PE | 13.89 | ||
| P/S | 5.31 | ||
| P/FCF | 9.03 | ||
| P/OCF | 6.78 | ||
| P/B | 0.81 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 7.65 |
EPS(TTM)4.77
EY8.75%
EPS(NY)3.93
Fwd EY7.2%
FCF(TTM)6.04
FCFY11.08%
OCF(TTM)8.04
OCFY14.75%
SpS10.27
BVpS67.11
TBVpS66.84
PEG (NY)N/A
PEG (5Y)0.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.72% | ||
| ROE | 7.01% | ||
| ROCE | 6.95% | ||
| ROIC | 5.49% | ||
| ROICexc | 5.75% | ||
| ROICexgc | 5.84% | ||
| OM | 52.68% | ||
| PM (TTM) | 45.82% | ||
| GM | 89.88% | ||
| FCFM | 58.78% |
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-Score4
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.71 | ||
| Debt/EBITDA | 1.29 | ||
| Cap/Depr | 76.83% | ||
| Cap/Sales | 19.5% | ||
| Interest Coverage | 9.38 | ||
| Cash Conversion | 100.29% | ||
| Profit Quality | 128.29% | ||
| Current Ratio | 1 | ||
| Quick Ratio | 1 | ||
| Altman-Z | 2.34 |
F-Score4
WACC8.11%
ROIC/WACC0.68
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)-14.82%
EPS 3Y5.99%
EPS 5Y22.61%
EPS Q2Q%-35.82%
EPS Next Y-27.49%
EPS Next 2Y-14.96%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-7.8%
Revenue growth 3Y14.67%
Revenue growth 5Y47.16%
Sales Q2Q%-21.18%
Revenue Next Year-12.88%
Revenue Next 2Y-6.91%
Revenue Next 3Y-4.86%
Revenue Next 5YN/A
EBIT growth 1Y-13.81%
EBIT growth 3Y8.42%
EBIT growth 5Y47.29%
EBIT Next Year19.97%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y1652.53%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-5.51%
OCF growth 3Y11.05%
OCF growth 5Y41.91%