INNOVATIVE INDUSTRIAL PROPER (IIPR) Fundamental Analysis & Valuation

NYSE:IIPR • US45781V1017

Current stock price

52.66 USD
-0.46 (-0.87%)
At close:
52.66 USD
0 (0%)
After Hours:

This IIPR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. IIPR Profitability Analysis

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.
  • In the past 5 years IIPR always reported a positive cash flow from operatings.
IIPR Yearly Net Income VS EBIT VS OCF VS FCFIIPR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M

1.2 Ratios

  • The Return On Assets of IIPR (4.70%) is better than 91.87% of its industry peers.
  • The Return On Equity of IIPR (6.03%) is better than 68.29% of its industry peers.
  • With an excellent Return On Invested Capital value of 4.56%, IIPR belongs to the best of the industry, outperforming 87.80% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for IIPR is above the industry average of 3.11%.
Industry RankSector Rank
ROA 4.7%
ROE 6.03%
ROIC 4.56%
ROA(3y)6.04%
ROA(5y)5.96%
ROE(3y)7.5%
ROE(5y)7.44%
ROIC(3y)5.59%
ROIC(5y)5.61%
IIPR Yearly ROA, ROE, ROICIIPR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5

1.3 Margins

  • IIPR has a Profit Margin of 41.90%. This is amongst the best in the industry. IIPR outperforms 92.68% of its industry peers.
  • In the last couple of years the Profit Margin of IIPR has declined.
  • IIPR's Operating Margin of 48.87% is amongst the best of the industry. IIPR outperforms 91.06% of its industry peers.
  • IIPR's Operating Margin has declined in the last couple of years.
  • IIPR has a better Gross Margin (88.65%) than 88.62% of its industry peers.
  • In the last couple of years the Gross Margin of IIPR has declined.
Industry RankSector Rank
OM 48.87%
PM (TTM) 41.9%
GM 88.65%
OM growth 3Y-6.64%
OM growth 5Y-3.9%
PM growth 3Y-8.7%
PM growth 5Y-5.18%
GM growth 3Y-2.67%
GM growth 5Y-1.52%
IIPR Yearly Profit, Operating, Gross MarginsIIPR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -500 -1K

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4

2. IIPR Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), IIPR is destroying value.
  • Compared to 1 year ago, IIPR has less shares outstanding
  • IIPR has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for IIPR is higher compared to a year ago.
IIPR Yearly Shares OutstandingIIPR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M 25M
IIPR Yearly Total Debt VS Total AssetsIIPR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • IIPR has an Altman-Z score of 1.79. This is a bad value and indicates that IIPR is not financially healthy and even has some risk of bankruptcy.
  • IIPR's Altman-Z score of 1.79 is amongst the best of the industry. IIPR outperforms 91.87% of its industry peers.
  • IIPR has a debt to FCF ratio of 2.36. This is a good value and a sign of high solvency as IIPR would need 2.36 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.36, IIPR belongs to the top of the industry, outperforming 98.37% of the companies in the same industry.
  • A Debt/Equity ratio of 0.21 indicates that IIPR is not too dependend on debt financing.
  • IIPR's Debt to Equity ratio of 0.21 is amongst the best of the industry. IIPR outperforms 98.37% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF 2.36
Altman-Z 1.79
ROIC/WACC0.57
WACC7.99%
IIPR Yearly LT Debt VS Equity VS FCFIIPR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 0.40 indicates that IIPR may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.40, IIPR is doing worse than 82.93% of the companies in the same industry.
  • IIPR has a Quick Ratio of 0.40. 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 Quick ratio of 0.40. This is in the lower half of the industry: IIPR underperforms 79.67% of its industry peers.
Industry RankSector Rank
Current Ratio 0.4
Quick Ratio 0.4
IIPR Yearly Current Assets VS Current LiabilitesIIPR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. IIPR Growth Analysis

3.1 Past

  • The earnings per share for IIPR have decreased strongly by -25.05% in the last year.
  • The Earnings Per Share has been growing slightly by 4.80% on average over the past years.
  • The Revenue for IIPR has decreased by -13.80% in the past year. This is quite bad
  • The Revenue has been growing by 17.87% on average over the past years. This is quite good.
EPS 1Y (TTM)-25.05%
EPS 3Y-9.66%
EPS 5Y4.8%
EPS Q2Q%-22.06%
Revenue 1Y (TTM)-13.8%
Revenue growth 3Y-1.28%
Revenue growth 5Y17.87%
Sales Q2Q%-13.14%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • IIPR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.04% yearly.
EPS Next Y9.14%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.44%
Revenue Next 2Y0.04%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • 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.
IIPR Yearly Revenue VS EstimatesIIPR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M
IIPR Yearly EPS VS EstimatesIIPR Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 2 4

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7

4. IIPR Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 12.94, which indicates a correct valuation of IIPR.
  • Based on the Price/Earnings ratio, IIPR is valued cheaply inside the industry as 91.87% of the companies are valued more expensively.
  • IIPR is valuated rather cheaply when we compare the Price/Earnings ratio to 25.70, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 11.85, the valuation of IIPR can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, IIPR is valued cheaply inside the industry as 97.56% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 23.84. IIPR is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 12.94
Fwd PE 11.85
IIPR Price Earnings VS Forward Price EarningsIIPR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, IIPR is valued cheaper than 88.62% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, IIPR is valued cheaply inside the industry as 92.68% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 8.88
EV/EBITDA 9.02
IIPR Per share dataIIPR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of IIPR may justify a higher PE ratio.
PEG (NY)1.42
PEG (5Y)2.7
EPS Next 2YN/A
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. IIPR Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 14.31%, IIPR is a good candidate for dividend investing.
  • IIPR's Dividend Yield is rather good when compared to the industry average which is at 7.59. IIPR pays more dividend than 97.56% of the companies in the same industry.
  • IIPR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 14.31%

5.2 History

  • The dividend of IIPR is nicely growing with an annual growth rate of 13.11%!
  • IIPR has been paying a dividend for over 5 years, so it has already some track record.
  • IIPR has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)13.11%
Div Incr Years7
Div Non Decr Years7
IIPR Yearly Dividends per shareIIPR Yearly Dividends per shareYearly Dividends per share 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6

5.3 Sustainability

  • IIPR pays out 196.97% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of IIPR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP196.97%
EPS Next 2YN/A
EPS Next 3YN/A
IIPR Yearly Income VS Free CF VS DividendIIPR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M
IIPR Dividend Payout.IIPR Dividend Payout, showing the Payout Ratio.IIPR Dividend Payout.PayoutRetained Earnings

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IIPR Fundamentals: All Metrics, Ratios and Statistics

INNOVATIVE INDUSTRIAL PROPER

NYSE:IIPR (3/13/2026, 8:04:00 PM)

After market: 52.66 0 (0%)

52.66

-0.46 (-0.87%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-23
Earnings (Next)05-05
Inst Owners71.59%
Inst Owner Change1%
Ins Owners1.79%
Ins Owner Change13.78%
Market Cap1.48B
Revenue(TTM)265.95M
Net Income(TTM)111.45M
Analysts47.27
Price Target58.4 (10.9%)
Short Float %11.47%
Short Ratio8.26
Dividend
Industry RankSector Rank
Dividend Yield 14.31%
Yearly Dividend7.79
Dividend Growth(5Y)13.11%
DP196.97%
Div Incr Years7
Div Non Decr Years7
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.17%
Min EPS beat(2)2.89%
Max EPS beat(2)7.46%
EPS beat(4)2
Avg EPS beat(4)-3.57%
Min EPS beat(4)-22.17%
Max EPS beat(4)7.46%
EPS beat(8)3
Avg EPS beat(8)-3.68%
EPS beat(12)7
Avg EPS beat(12)-1.66%
EPS beat(16)9
Avg EPS beat(16)-0.74%
Revenue beat(2)0
Avg Revenue beat(2)-1.33%
Min Revenue beat(2)-1.76%
Max Revenue beat(2)-0.91%
Revenue beat(4)0
Avg Revenue beat(4)-1.91%
Min Revenue beat(4)-3.46%
Max Revenue beat(4)-0.91%
Revenue beat(8)1
Avg Revenue beat(8)-2.2%
Revenue beat(12)4
Avg Revenue beat(12)-0.81%
Revenue beat(16)8
Avg Revenue beat(16)-0.54%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)6.5%
EPS NQ rev (3m)6.5%
EPS NY rev (1m)6.09%
EPS NY rev (3m)6.09%
Revenue NQ rev (1m)0.58%
Revenue NQ rev (3m)0.58%
Revenue NY rev (1m)0.73%
Revenue NY rev (3m)0.73%
Valuation
Industry RankSector Rank
PE 12.94
Fwd PE 11.85
P/S 5.57
P/FCF 8.88
P/OCF 7.48
P/B 0.8
P/tB 0.8
EV/EBITDA 9.02
EPS(TTM)4.07
EY7.73%
EPS(NY)4.44
Fwd EY8.44%
FCF(TTM)5.93
FCFY11.26%
OCF(TTM)7.04
OCFY13.37%
SpS9.45
BVpS65.67
TBVpS65.42
PEG (NY)1.42
PEG (5Y)2.7
Graham Number77.55
Profitability
Industry RankSector Rank
ROA 4.7%
ROE 6.03%
ROCE 5.77%
ROIC 4.56%
ROICexc 4.66%
ROICexgc 4.73%
OM 48.87%
PM (TTM) 41.9%
GM 88.65%
FCFM 62.76%
ROA(3y)6.04%
ROA(5y)5.96%
ROE(3y)7.5%
ROE(5y)7.44%
ROIC(3y)5.59%
ROIC(5y)5.61%
ROICexc(3y)5.89%
ROICexc(5y)5.89%
ROICexgc(3y)5.96%
ROICexgc(5y)5.95%
ROCE(3y)7.07%
ROCE(5y)7.11%
ROICexgc growth 3Y-7.87%
ROICexgc growth 5Y5.68%
ROICexc growth 3Y-8.21%
ROICexc growth 5Y5.38%
OM growth 3Y-6.64%
OM growth 5Y-3.9%
PM growth 3Y-8.7%
PM growth 5Y-5.18%
GM growth 3Y-2.67%
GM growth 5Y-1.52%
F-Score3
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF 2.36
Debt/EBITDA 1.93
Cap/Depr 42.24%
Cap/Sales 11.76%
Interest Coverage 7.47
Cash Conversion 97.13%
Profit Quality 149.76%
Current Ratio 0.4
Quick Ratio 0.4
Altman-Z 1.79
F-Score3
WACC7.99%
ROIC/WACC0.57
Cap/Depr(3y)144.34%
Cap/Depr(5y)574.36%
Cap/Sales(3y)32.68%
Cap/Sales(5y)122.24%
Profit Quality(3y)101.74%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-25.05%
EPS 3Y-9.66%
EPS 5Y4.8%
EPS Q2Q%-22.06%
EPS Next Y9.14%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-13.8%
Revenue growth 3Y-1.28%
Revenue growth 5Y17.87%
Sales Q2Q%-13.14%
Revenue Next Year2.44%
Revenue Next 2Y0.04%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-24.68%
EBIT growth 3Y-7.83%
EBIT growth 5Y13.27%
EBIT Next Year62.34%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-5.54%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-23.32%
OCF growth 3Y-5.4%
OCF growth 5Y12.33%

INNOVATIVE INDUSTRIAL PROPER / IIPR Fundamental Analysis FAQ

What is the ChartMill fundamental rating of INNOVATIVE INDUSTRIAL PROPER (IIPR) stock?

ChartMill assigns a fundamental rating of 5 / 10 to IIPR.


What is the valuation status of INNOVATIVE INDUSTRIAL PROPER (IIPR) stock?

ChartMill assigns a valuation rating of 7 / 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 7 / 10.


How financially healthy is INNOVATIVE INDUSTRIAL PROPER?

The financial health rating of INNOVATIVE INDUSTRIAL PROPER (IIPR) is 4 / 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 grow by 9.14% in the next year.