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IIPR

IIPR - Innovative Industrial Properties Inc Stock Price, Fair Value and News

96.73USD-1.57 (-1.60%)Market Closed

Market Summary

IIPR
USD96.73-1.57
Market Closed
-1.60%

IIPR Stock Price

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IIPR RSI Chart

IIPR Valuation

Market Cap

2.7B

Price/Earnings (Trailing)

16.48

Price/Sales (Trailing)

8.82

Price/Free Cashflow

10.68

IIPR Price/Sales (Trailing)

IIPR Profitability

Return on Equity

8.48%

Return on Assets

6.93%

Free Cashflow Yield

9.37%

IIPR Fundamentals

IIPR Revenue

Revenue (TTM)

309.5M

Rev. Growth (Yr)

12.34%

Rev. Growth (Qtr)

1.71%

IIPR Earnings

Earnings (TTM)

165.6M

Earnings Growth (Yr)

0.31%

Earnings Growth (Qtr)

0.09%

Breaking Down IIPR Revenue

Last 7 days

-2.6%

Last 30 days

0.7%

Last 90 days

5.5%

Trailing 12 Months

36.1%

How does IIPR drawdown profile look like?

IIPR Financial Health

Debt/Equity

0

Debt/Cashflow

57.67

IIPR Investor Care

Dividend Yield

1.21%

Dividend/Share (TTM)

1.1

Shares Dilution (1Y)

0.72%

Diluted EPS (TTM)

5.77

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023287.9M293.9M300.8M309.5M
2022226.2M247.8M264.8M276.4M
2021138.7M163.2M182.7M204.6M
202059.0M74.7M97.5M116.9M
201918.8M24.1M31.8M44.7M
20187.9M9.9M12.3M14.8M
20170006.4M
20160000

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

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold IIPR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 12, 2024
Dynamic Advisor Solutions LLC
added
27.29
151,033
537,999
0.02%
Apr 12, 2024
HARBOR INVESTMENT ADVISORY, LLC
unchanged
-
81.00
3,106
-%
Apr 12, 2024
ARMSTRONG ADVISORY GROUP, INC
unchanged
-
-
22,383
-%
Apr 12, 2024
AdvisorNet Financial, Inc
added
1,168
30,352
32,873
-%
Apr 12, 2024
BALDWIN BROTHERS LLC/MA
unchanged
-
1,156
44,005
-%
Apr 12, 2024
Riverview Trust Co
new
-
19,466
19,466
0.01%
Apr 11, 2024
SALEM INVESTMENT COUNSELORS INC
unchanged
-
95.00
2,201
-%
Apr 11, 2024
DHJJ Financial Advisors, Ltd.
unchanged
-
253
9,630
-%
Apr 11, 2024
AUA CAPITAL MANAGEMENT, LLC
unchanged
-
5,680
216,192
0.12%
Apr 09, 2024
Rise Advisors, LLC
added
4.55
86.00
2,354
-%

1–10 of 48

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 FiledName of FilerPercent of ClassNo. of SharesForm 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
Apr 01, 2024
DEFA14A
DEFA14A
Apr 01, 2024
DEF 14A
DEF 14A
Mar 04, 2024
8-K
Current Report
Feb 27, 2024
8-K
Current Report
Feb 27, 2024
10-K
Annual Report
Feb 13, 2024
SC 13G/A
Major Ownership Report
Feb 13, 2024
SC 13G/A
Major Ownership Report
Jan 30, 2024
SC 13G/A
Major Ownership Report
Jan 19, 2024
SC 13G/A
Major Ownership Report
Jan 18, 2024
4
Insider Trading

Peers (Alternatives to Innovative Industrial Properties Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
83.1B
11.1B
-11.48% -15.03%
60.81
7.46
4.04% -19.43%
41.5B
7.0B
-12.14% -27.78%
27.65
5.95
-0.07% -10.36%
25.7B
2.8B
-1.30% 8.08%
27.64
9.27
6.73% -18.30%
20.5B
2.9B
-2.72% 1.88%
197.59
7.1
11.46% -80.13%
12.7B
1.6B
-3.53% 8.82%
29.37
7.9
7.80% 39.39%
10.7B
1.3B
-3.51% -2.52%
29.32
8.08
8.04% -24.50%
9.2B
3.3B
-5.70% 17.26%
48.4
2.81
5.31% -77.32%
MID-CAP
8.1B
1.1B
-1.43% 2.71%
34.35
7.19
5.38% -38.52%
3.4B
884.1M
-1.95% 64.15%
-12.56
3.89
2.90% -314.82%
3.2B
899.4M
0.04% 128.70%
-5.7
3.58
-0.45% -623.11%
SMALL-CAP
1.3B
441.2M
-2.21% 17.16%
19.35
2.84
4.38% 15.77%
1.2B
198.2M
6.59% 5.20%
-7.34
5.82
-43.33% -270.70%
1.1B
605.6M
-6.29% 6.24%
13.37
1.77
25.53% 134.62%
627.7M
258.7M
-4.51% -31.00%
-12.9
2.43
0.11% 83.70%
399.8M
277.9M
-9.22% -18.32%
-25.21
1.44
44.33% 96.06%

Innovative Industrial Properties Inc News

Latest updates
Defense World38 hours ago

Innovative Industrial Properties Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue1.7%79.0078.0076.0076.0070.0071.0071.0065.0059.0054.0049.0043.0037.0034.0024.0021.0018.0012.009.007.005.00
Operating Expenses3.6%35.0034.0033.0033.0030.0030.0026.0025.0020.0018.0016.0015.0014.0014.0010.009.007.005.005.003.003.00
  S&GA Expenses-0.7%11.0011.0011.0010.0010.0011.009.009.006.005.006.006.004.003.003.003.003.002.003.002.002.00
Interest Expenses-4.3%4.004.004.005.005.005.005.005.006.006.004.002.002.002.002.002.002.002.002.001.00-
Net Income0.1%42.0042.0041.0041.0042.0038.0040.0035.0029.0030.0029.0026.0021.0019.0013.0012.0010.007.003.004.003.00
Net Income Margin-2.7%0.54*0.55*0.55*0.56*0.56*0.53*0.54*0.54*0.56*0.58*0.59*0.58*---------
Free Cashflow4.8%66.0063.0062.0065.0055.0057.0062.0060.0048.0052.0047.0043.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets0.1%2,3912,3892,3962,4132,4152,4312,4262,1082,0852,1022,0911,7981,7681,5001,1791,080746623431420281
    Cash Equivalents19.8%14011793.0038.0087.0079.0046.0045.0086.0012715612212616162.0013111710957.0059.0013.00
Liabilities-0.6%43844144345545346445046147359157628024323020922119817316515217.00
  Long Term Debt0.2%4.004.004.004.006.006.006.009.0032.00138138137137136136135135134134133-
Shareholder's Equity0.2%1,9531,9491,9531,9581,9621,9671,9761,6471,6121,5111,5151,5181,5251,270970859548450266268264
  Retained Earnings----------------------
  Additional Paid-In Capital0.7%2,0962,0812,0762,0712,0652,0612,0571,7181,6731,5621,5601,5581,5591,295988870554453266266261
Shares Outstanding0.4%28.0028.0028.0028.0028.0027.0027.0026.0024.0024.0024.0024.00---------
Float---2,000---3,000---4,500---2,200---1,100--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations4.8%66,08163,08261,76464,61655,35556,79462,09759,88447,78851,56746,78442,60834,23633,46823,54019,57019,84810,46910,0144,6036,142
  Share Based Compensation0%4,9344,9344,8844,8294,3124,3794,4374,3792,1922,1912,1322,101842841822825654655623563386
Cashflow From Investing-106.3%-78912,43044,247-62,6765,53525,234-345,876-81,094-50,619-46,321-274,121-13,032-305,831-220,236-192,752-308,296-103,204-138,190-6,948-92,288-157,307
Cashflow From Financing17.6%-42,077-51,080-51,063-51,408-50,841-49,467284,717-20,185-38,048-34,262261,518-33,449236,527286,20099,561302,70391,401179,538-4,836133,859111,196
  Dividend Payments0%50,74250,74250,72550,50250,50349,10145,83038,50935,98333,584-29,72725,98819,77017,06812,6388,8665,8854,4123,4212,375

IIPR Income Statement

2023-12-31
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:   
Rental (including tenant reimbursements)$ 307,349$ 274,377$ 204,551
Other2,1571,982 
Total revenues309,506276,359204,551
Expenses:   
Property expenses24,89310,5204,443
General and administrative expense42,83238,52022,961
Depreciation and amortization expense67,19461,30341,776
Total expenses134,919110,34369,180
Gain on sale of real estate 3,601 
Income from operations174,587169,617135,371
Interest and other income8,4463,195397
Interest expense(17,467)(18,301)(18,086)
Gain (loss) on exchange of Exchangeable Senior Notes22(125)(3,692)
Net income165,588154,386113,990
Preferred stock dividends(1,352)(1,352)(1,352)
Net income attributable to common stockholders$ 164,236$ 153,034$ 112,638
Net income attributable to common stockholders per share (Note 8):   
Basic (in dollars per share)$ 5.82$ 5.57$ 4.69
Diluted (in dollars per share)$ 5.77$ 5.52$ 4.55
Weighted-average shares outstanding:   
Basic (in shares)27,977,80727,345,04723,903,017
Diluted (in shares)28,255,79727,663,16926,261,155

IIPR Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Real estate, at cost:  
Land$ 142,524$ 139,953
Buildings and improvements2,108,2182,010,628
Construction in progress117,77354,106
Total real estate, at cost2,368,5152,204,687
Less accumulated depreciation(202,692)(138,405)
Net real estate held for investment2,165,8232,066,282
Construction loan receivable22,00018,021
Cash and cash equivalents140,24987,122
Restricted cash1,4501,450
Investments21,948200,935
Right of use office lease asset1,3551,739
In-place lease intangible assets, net8,2459,105
Other assets, net30,02030,182
Total assets2,391,0902,414,836
Liabilities:  
Exchangeable Senior Notes, net4,4316,380
Notes due 2026, net296,449295,115
Building improvements and construction funding payable9,59129,376
Accounts payable and accrued expenses11,40610,615
Dividends payable51,82750,840
Rent received in advance and tenant security deposits59,35858,716
Other liabilities5,0561,901
Total liabilities438,118452,943
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 December 31, 2023 and December 31, 202214,00914,009
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 28,140,891 and 27,972,830 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively2828
Additional paid-in capital2,095,7892,065,248
Dividends in excess of earnings(156,854)(117,392)
Total stockholders' equity1,952,9721,961,893
Total liabilities and stockholders' equity$ 2,391,090$ 2,414,836
IIPR
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
 WEBSITEinnovativeindustrialproperties.com
 INDUSTRYREIT Mortgage
 EMPLOYEES22

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 Apr 12 2024, market cap of Innovative Industrial Properties Inc is 2.77 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 Apr 12 2024, IIPR's PE ratio (Price to Earnings) is 16.74 and Price to Sales (PS) ratio is 8.96. 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.