IIPR Stock Price, Innovative Industrial Properties Quote, Chart

Market Summary

USD113.93+0.23

Delayed

0.20%

IIPR Stock Price

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IIPR RSI Chart

IIPR Valuation

Market Cap

3.2B

Price/Earnings (Trailing)

19.69

Price/Sales (Trailing)

10.45

Price/Free Cashflow

12.3

IIPR Price/Sales (Trailing)

IIPR Profitability

Return on Equity

8.38%

Return on Assets

6.83%

Free Cashflow Yield

8.13%

IIPR Fundamentals

IIPR Revenue

Revenue (TTM)

308.9M

Rev. Growth (Yr)

-0.81%

Rev. Growth (Qtr)

-4.68%

IIPR Earnings

Earnings (TTM)

163.9M

Earnings Growth (Yr)

-4.05%

Earnings Growth (Qtr)

-5.3%

Breaking Down IIPR Revenue

Last 7 days

9.1%

Last 30 days

21.7%

Last 90 days

23.8%

Trailing 12 Months

61.3%

How does IIPR drawdown profile look like?

IIPR Financial Health

Debt/Equity

0

Debt/Cashflow

59.24

IIPR Investor Care

Dividend Yield

1.38%

Dividend/Share (TTM)

1.45

Shares Dilution (1Y)

1.05%

Diluted EPS (TTM)

5.7

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	308.9M	0	0	0
2023	287.9M	293.9M	300.8M	309.5M
2022	226.2M	247.8M	264.8M	276.4M
2021	138.7M	163.2M	182.7M	204.6M
2020	59.0M	74.7M	97.5M	116.9M
2019	18.8M	24.1M	31.8M	44.7M
2018	7.9M	9.9M	12.3M	14.8M
2017	0	0	0	6.4M
2016	0	0	0	0

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Tracking the Latest Insider Buys and Sells of Innovative Industrial Properties Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Jan 17, 2024	bui andy	acquired	-	-	2,181	vp, chief accounting officer
Jan 17, 2024	smithers paul e.	acquired	-	-	27,231	president, ceo and director
Jan 01, 2024	bui andy	sold (taxes)	-52,123	100	-517	vp, chief accounting officer
Jan 01, 2024	wolfe brian j.	sold (taxes)	-89,225	100	-885	vp, gen. counsel and secretary
Jan 01, 2024	smithers paul e.	sold (taxes)	-362,750	100	-3,598	president, ceo and director
Nov 15, 2023	stecher david	sold	-201,888	80.755	-2,500	-
Jun 07, 2023	kreitzer gary a	acquired	-	-	2,808	-
Jun 07, 2023	stecher david	acquired	-	-	2,247	-
Apr 12, 2023	curran mary a	acquired	4,212	187	22.416	-
Jan 18, 2023	bui andy	acquired	-	-	1,806	vp, chief accounting officer

Which funds bought or sold IIPR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	B. Riley Wealth Advisors, Inc.	reduced	-47.53	-359,171	238,226	0.01%
May 16, 2024	Jaffetilchin Investment Partners, LLC	reduced	-14.49	-31,605	227,939	0.02%
May 16, 2024	Pineridge Advisors LLC	sold off	-100	-3,327	-	-%
May 16, 2024	HANCOCK WHITNEY CORP	added	2.43	26,714	541,204	0.02%
May 16, 2024	Beacon Capital Management, LLC	unchanged	-	278	1,035	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.24	-80,035	2,902,020	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-39.94	-761,359	1,225,600	-%
May 16, 2024	Tidal Investments LLC	added	1,465	23,005,400	24,531,600	0.41%
May 16, 2024	Ancora Advisors LLC	unchanged	-	346	13,150	-%
May 16, 2024	Creekmur Asset Management LLC	reduced	-70.82	-366,146	156,638	0.05%

Are Funds Buying or Selling IIPR?

Are funds buying IIPR calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own IIPR

No. of Funds

Unveiling Innovative Industrial Properties Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	zimmer partners, lp	3.4%	950,628	SC 13G/A
Feb 13, 2024	vanguard group inc	15.63%	4,382,796	SC 13G/A
Jan 30, 2024	state street corp	6.40%	1,793,318	SC 13G/A
Jan 19, 2024	blackrock inc.	18.2%	5,091,290	SC 13G/A
Feb 09, 2023	zimmer partners, lp	8.7%	2,444,683	SC 13G
Feb 09, 2023	vanguard group inc	16.02%	4,480,896	SC 13G/A
Feb 03, 2023	state street corp	5.60%	1,566,053	SC 13G/A
Jan 26, 2023	blackrock inc.	17.6%	4,929,725	SC 13G/A
Jan 20, 2023	blackrock inc.	17.6%	4,929,725	SC 13G/A
Feb 11, 2022	state street corp	5.34%	1,278,642	SC 13G

Recent SEC filings of Innovative Industrial Properties Inc

View All Filings

Date Filed	Form Type	Document
May 15, 2024	8-K	Current Report
May 15, 2024	4	Insider Trading
May 15, 2024	4	Insider Trading
May 15, 2024	4	Insider Trading
May 15, 2024	4	Insider Trading
May 13, 2024	8-K	Current Report
May 09, 2024	8-K	Current Report
May 09, 2024	10-Q	Quarterly Report
May 03, 2024	DEFA14A	DEFA14A
Apr 01, 2024	DEFA14A	DEFA14A

Peers (Alternatives to Innovative Industrial Properties Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	90.9B	11.2B	13.13%	1.87%	46.04	8.11	3.63%	50.79%
CCI	44.7B	6.8B	10.57%	-9.74%	32.06	6.53	-2.39%	-16.60%
AVB	28.3B	2.8B	9.91%	13.04%	29.6	10.08	5.72%	-6.47%
ARE	21.7B	3.0B	6.63%	6.21%	110.61	7.35	10.44%	-73.79%
AMH	13.5B	1.6B	6.12%	9.11%	31.9	8.3	8.93%	11.87%
REG	11.3B	1.4B	6.30%	4.57%	30.12	8.22	10.48%	-2.93%
BXP	9.9B	3.3B	9.08%	28.09%	51.64	3	4.82%	-75.15%
MID-CAP
FRT	8.5B	1.2B	5.40%	14.57%	35.59	7.38	5.48%	-38.69%
SLG	3.4B	892.3M	6.62%	140.10%	-6.71	3.85	-5.33%	-307.54%
MAC	3.4B	878.0M	1.11%	67.10%	-9.8	3.82	2.35%	-290.60%
SMALL-CAP
AAT	1.4B	444.1M	12.17%	21.82%	20.36	3.15	3.54%	8.91%
AIV	1.2B	198.2M	6.70%	-0.84%	-7.55	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	7.51%	2.13%	36.77	1.73	27.93%	140.31%
NYMT	572.0M	285.4M	-8.06%	-36.92%	-4.15	2	11.05%	83.70%
IVR	459.4M	277.2M	15.74%	-12.95%	-56.03	1.66	25.89%	94.64%

Innovative Industrial Properties Inc News

Latest updates

Innovative Industrial Properties Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-4.7%	75.00	79.00	78.00	76.00	76.00	70.00	71.00	71.00	65.00	59.00	54.00	49.00	43.00	37.00	34.00	24.00	21.00	18.00	12.00	9.00	7.00
Operating Expenses	-5.1%	33.00	35.00	34.00	33.00	33.00	30.00	30.00	26.00	25.00	20.00	18.00	16.00	15.00	14.00	14.00	10.00	9.00	7.00	5.00	5.00	3.00
S&GA Expenses	-100.0%	-	11.00	11.00	11.00	10.00	10.00	11.00	9.00	9.00	6.00	5.00	6.00	6.00	4.00	3.00	3.00	3.00	3.00	2.00	3.00	2.00
Interest Expenses	5.9%	4.00	4.00	4.00	4.00	5.00	5.00	5.00	5.00	5.00	6.00	6.00	4.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	1.00
Net Income	-5.3%	39.00	42.00	42.00	41.00	41.00	42.00	38.00	40.00	35.00	29.00	30.00	29.00	26.00	21.00	19.00	13.00	12.00	10.00	7.00	3.00	4.00
Net Income Margin	-0.8%	0.53*	0.54*	0.55*	0.55*	0.56*	0.56*	0.53*	0.54*	0.54*	0.56*	0.58*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	8.3%	72.00	66.00	63.00	62.00	65.00	55.00	57.00	62.00	60.00	48.00	52.00	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.4%	2,400	2,391	2,389	2,396	2,413	2,415	2,431	2,426	2,108	2,085	2,102	2,091	1,798	1,768	1,500	1,179	1,080	746	623	431	420
Cash Equivalents	9.4%	154	140	117	93.00	38.00	87.00	79.00	46.00	45.00	86.00	127	156	122	126	161	62.00	131	117	109	57.00	59.00
Liabilities	1.4%	444	438	441	443	455	453	464	450	461	473	591	576	280	243	230	209	221	198	173	165	152
Long Term Debt	-100.0%	-	4.00	4.00	4.00	4.00	6.00	6.00	6.00	9.00	32.00	138	138	137	137	136	136	135	135	134	134	133
Shareholder's Equity	0.1%	1,955	1,953	1,949	1,953	1,958	1,962	1,967	1,976	1,647	1,612	1,511	1,515	1,518	1,525	1,270	970	859	548	450	266	268
Additional Paid-In Capital	0.7%	2,111	2,096	2,081	2,076	2,071	2,065	2,061	2,057	1,718	1,673	1,562	1,560	1,558	1,559	1,295	988	870	554	453	266	266
Shares Outstanding	0.7%	28.00	28.00	28.00	28.00	28.00	28.00	27.00	27.00	26.00	24.00	24.00	24.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	2,000	-	-	-	3,000	-	-	-	4,500	-	-	-	2,200	-	-	-	1,100	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	8.3%	71,566	66,081	63,082	61,764	64,616	55,355	56,794	62,097	59,884	47,788	51,567	46,784	42,608	34,236	33,468	23,540	19,570	19,848	10,469	10,014	4,603
Share Based Compensation	-12.5%	4,315	4,934	4,934	4,884	4,829	4,312	4,379	4,437	4,379	2,192	2,191	2,132	2,101	842	841	822	825	654	655	623	563
Cashflow From Investing	-1724.5%	-14,395	-789	12,430	44,247	-62,676	5,535	25,234	-345,876	-81,094	-50,619	-46,321	-274,121	-13,032	-305,831	-220,236	-192,752	-308,296	-103,204	-138,190	-6,948	-92,288
Cashflow From Financing	-7.8%	-45,368	-42,077	-51,080	-51,063	-51,408	-50,841	-49,467	284,717	-20,185	-38,048	-34,262	261,518	-33,449	236,527	286,200	99,561	302,703	91,401	179,538	-4,836	133,859
Dividend Payments	-100.0%	-	50,742	50,742	50,725	50,502	50,503	49,101	45,830	38,509	35,983	33,584	31,660	29,727	25,988	19,770	17,068	12,638	8,866	5,885	4,412	3,421

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IIPR Income Statement

2024-03-31

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Rental (including tenant reimbursements)	$ 74,914	$ 75,529
Other	540	538
Total revenues	75,454	76,067
Expenses:
Property expenses	6,709	5,623
General and administrative expense	9,562	10,373
Depreciation and amortization expense	17,150	16,714
Total expenses	33,421	32,710
Income from operations	42,033	43,357
Interest income	1,784	2,233
Interest expense	(4,389)	(4,520)
Gain (loss) on exchange of Exchangeable Senior Notes		22
Net income	39,428	41,092
Preferred stock dividends	(338)	(338)
Net income attributable to common stockholders	$ 39,090	$ 40,754
Net income attributable to common stockholders per share (Note 8):
Basic (in dollars per share)	$ 1.37	$ 1.45
Diluted (in dollars per share)	$ 1.36	$ 1.43
Weighted-average shares outstanding:
Basic (in shares)	28,145,017	27,949,747
Diluted (in shares)	28,461,986	28,223,698

IIPR Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Real estate, at cost:
Land	$ 142,524	$ 142,524
Buildings and improvements	2,119,566	2,108,218
Construction in progress	123,910	117,773
Total real estate, at cost	2,386,000	2,368,515
Less accumulated depreciation	(219,627)	(202,692)
Net real estate held for investment	2,166,373	2,165,823
Construction loan receivable	22,000	22,000
Cash and cash equivalents	153,502	140,249
Restricted cash		1,450
Investments	20,026	21,948
Right of use office lease asset	1,255	1,355
In-place lease intangible assets, net	8,030	8,245
Other assets, net	28,327	30,020
Total assets	2,399,513	2,391,090
Liabilities:
Exchangeable Senior Notes, net		4,431
Notes due 2026, net	296,795	296,449
Building improvements and construction funding payable	10,448	9,591
Accounts payable and accrued expenses	12,160	11,406
Dividends payable	52,295	51,827
Rent received in advance and tenant security deposits	60,151	59,358
Other liabilities	12,237	5,056
Total liabilities	444,086	438,118
Commitments and contingencies (Notes 6 and 11)
Stockholders' equity:
Preferred stock, par value $0.001 per share, 50,000,000 shares authorized: 9.00% Series A cumulative redeemable preferred stock, $15,000 liquidation preference ($25.00 per share), 600,000 shares issued and outstanding at March 31, 2024 and December 31, 2023	14,009	14,009
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 28,328,647 and 28,140,891 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	28	28
Additional paid-in capital	2,111,111	2,095,789
Dividends in excess of earnings	(169,721)	(156,854)
Total stockholders' equity	1,955,427	1,952,972
Total liabilities and stockholders' equity	$ 2,399,513	$ 2,391,090

About Innovative Industrial Properties Inc

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.

CEO	Mr. Paul E. Smithers
WEBSITE	innovativeindustrialproperties.com
INDUSTRY	REIT Mortgage
EMPLOYEES	22

Innovative Industrial Properties Inc Frequently Asked Questions

What is the ticker symbol for Innovative Industrial Properties Inc? What does IIPR stand for in stocks?

IIPR is the stock ticker symbol of Innovative Industrial Properties Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Innovative Industrial Properties Inc (IIPR)?

As of Fri May 17 2024, market cap of Innovative Industrial Properties Inc is 3.23 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of IIPR stock?

You can check IIPR's fair value in chart for subscribers.

What is the fair value of IIPR stock?

You can check IIPR's fair value in chart for subscribers. The fair value of Innovative Industrial Properties Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Innovative Industrial Properties Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for IIPR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Innovative Industrial Properties Inc a good stock to buy?

The fair value guage provides a quick view whether IIPR is over valued or under valued. Whether Innovative Industrial Properties Inc is cheap or expensive depends on the assumptions which impact Innovative Industrial Properties Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for IIPR.

What is Innovative Industrial Properties Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, IIPR's PE ratio (Price to Earnings) is 19.69 and Price to Sales (PS) ratio is 10.45. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. IIPR PE ratio will change depending on the future growth rate expectations of investors.