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IIPR

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

106.30USD-0.26 (-0.24%)Market Closed

Market Summary

IIPR
USD106.30-0.26
Market Closed
-0.24%

IIPR Stock Price

View Fullscreen

IIPR RSI Chart

IIPR Valuation

Market Cap

3.0B

Price/Earnings (Trailing)

18.42

Price/Sales (Trailing)

9.77

Price/Free Cashflow

11.5

IIPR Price/Sales (Trailing)

IIPR Profitability

Return on Equity

8.38%

Return on Assets

6.83%

Free Cashflow Yield

8.7%

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

-2.7%

Last 30 days

1.2%

Last 90 days

10.0%

Trailing 12 Months

47.3%

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

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024308.9M000
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
May 15, 2024
stecher david
acquired
-
-
2,832
-
May 15, 2024
kreitzer gary a
acquired
-
-
1,770
-
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
-

1–10 of 50

Which funds bought or sold IIPR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
new
-
724
724
-%
Jun 04, 2024
DekaBank Deutsche Girozentrale
unchanged
-
9,000
675,000
-%
May 29, 2024
Clean Yield Group
unchanged
-
526
17,731
0.01%
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
25,000
940,000
0.01%
May 24, 2024
Cetera Investment Advisers
added
248
1,087,830
1,510,360
-%
May 20, 2024
Virtu Financial LLC
sold off
-100
-578,000
-
-%
May 17, 2024
Plato Investment Management Ltd
new
-
80,451
80,451
0.01%
May 17, 2024
Kozak & Associates, Inc.
added
3.45
645
3,383
-%
May 17, 2024
Aspect Partners, LLC
added
100
1,063
2,071
-%
May 17, 2024
MONTCHANIN ASSET MANAGEMENT, LLC
new
-
780,000
780,000
0.76%

1–10 of 41

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
May 24, 2024
8-K
Current Report
May 24, 2024
424B5
Prospectus Filed
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

Peers (Alternatives to Innovative Industrial Properties Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
90.5B
11.2B
4.77% 2.30%
45.86
8.07
3.63% 50.79%
43.3B
6.8B
-0.37% -12.60%
31.06
6.32
-2.39% -16.60%
28.3B
2.8B
0.90% 5.12%
29.58
10.07
5.72% -6.46%
20.2B
3.0B
-4.13% -5.19%
103.09
6.85
10.44% -73.79%
12.9B
-
-1.81% 1.94%
30.6
7.96
8.93% 11.87%
11.2B
1.4B
1.35% 0.33%
29.7
8.18
10.48% -2.04%
MID-CAP
9.4B
3.3B
-4.45% 9.16%
48.99
2.85
4.82% -75.15%
8.4B
1.2B
-1.57% 6.43%
35.09
7.27
5.48% -38.69%
3.6B
913.7M
4.85% 112.77%
-7.04
3.94
1.13% -307.54%
3.2B
878.0M
-4.51% 31.88%
-9.34
3.64
2.35% -290.39%
SMALL-CAP
1.3B
444.1M
-4.58% 8.04%
18.84
2.91
3.54% 8.91%
1.2B
198.2M
-0.74% -4.62%
-7.35
6.02
-43.33% -308.08%
1.1B
650.2M
-0.65% -6.88%
35.7
1.68
27.93% 140.31%
543.7M
285.4M
-2.93% -40.99%
-4.27
1.91
11.05% 83.70%
442.8M
277.2M
-1.95% -19.02%
-54.01
1.6
25.89% 94.64%

Innovative Industrial Properties Inc News

Latest updates
Yahoo Movies Canada10 Jun 202410:05 pm
Income Investors14 May 202407:00 am
The Dales Report09 May 202407:00 am

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/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-4.7%75.0079.0078.0076.0076.0070.0071.0071.0065.0059.0054.0049.0043.0037.0034.0024.0021.0018.0012.009.007.00
Operating Expenses-5.1%33.0035.0034.0033.0033.0030.0030.0026.0025.0020.0018.0016.0015.0014.0014.0010.009.007.005.005.003.00
  S&GA Expenses-12.3%10.0011.0011.0011.0010.0010.0011.009.009.006.005.006.006.004.003.003.003.003.002.003.002.00
Interest Expenses5.9%4.004.004.004.005.005.005.005.005.006.006.004.002.002.002.002.002.002.002.002.001.00
Net Income-5.3%39.0042.0042.0041.0041.0042.0038.0040.0035.0029.0030.0029.0026.0021.0019.0013.0012.0010.007.003.004.00
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 Cashflow8.3%72.0066.0063.0062.0065.0055.0057.0062.0060.0048.0052.00----------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets0.4%2,4002,3912,3892,3962,4132,4152,4312,4262,1082,0852,1022,0911,7981,7681,5001,1791,080746623431420
    Cash Equivalents9.4%15414011793.0039.0089.0079.0046.0045.0086.0012715612212616162.0013111710957.0059.00
Liabilities1.4%444438441443455453464450461473591576280243230209221198173165152
  Long Term Debt-100.0%-4.004.004.004.006.006.006.009.0032.00138138137137136136135135134134133
Shareholder's Equity0.1%1,9551,9531,9491,9531,9581,9621,9671,9761,6471,6121,5111,5151,5181,5251,270970859548450266268
  Additional Paid-In Capital0.7%2,1112,0962,0812,0762,0712,0652,0612,0571,7181,6731,5621,5601,5581,5591,295988870554453266266
Shares Outstanding0.7%28.0028.0028.0028.0028.0028.0028.0028.0026.0024.0024.0024.00---------
Float----2,000---3,000---4,500---2,200---1,100-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations8.3%71,56666,08163,08261,76464,61655,35556,79462,09759,88447,78851,56746,78442,60834,23633,46823,54019,57019,84810,46910,0144,603
  Share Based Compensation-12.5%4,3154,9344,9344,8844,8294,3124,3794,4374,3792,1922,1912,1322,101842841822825654655623563
Cashflow From Investing-1724.5%-14,395-78912,43044,247-62,6765,53525,234-345,876-81,094-50,619-46,321-274,121-13,032-305,831-220,236-192,752-308,296-103,204-138,190-6,948-92,288
Cashflow From Financing-7.8%-45,368-42,077-51,080-51,063-51,408-50,841-49,467284,717-20,185-38,048-34,262261,518-33,449236,527286,20099,561302,70391,401179,538-4,836133,859
  Dividend Payments1.5%51,48950,74250,74250,72550,50250,50349,10145,83038,50935,98333,58431,66029,72725,98819,77017,06812,6388,8665,8854,4123,421
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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
Other540538
Total revenues75,45476,067
Expenses:  
Property expenses6,7095,623
General and administrative expense9,56210,373
Depreciation and amortization expense17,15016,714
Total expenses33,42132,710
Income from operations42,03343,357
Interest income1,7842,233
Interest expense(4,389)(4,520)
Gain (loss) on exchange of Exchangeable Senior Notes 22
Net income39,42841,092
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)28,145,01727,949,747
Diluted (in shares)28,461,98628,223,698

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 improvements2,119,5662,108,218
Construction in progress123,910117,773
Total real estate, at cost2,386,0002,368,515
Less accumulated depreciation(219,627)(202,692)
Net real estate held for investment2,166,3732,165,823
Construction loan receivable22,00022,000
Cash and cash equivalents153,502140,249
Restricted cash 1,450
Investments20,02621,948
Right of use office lease asset1,2551,355
In-place lease intangible assets, net8,0308,245
Other assets, net28,32730,020
Total assets2,399,5132,391,090
Liabilities:  
Exchangeable Senior Notes, net 4,431
Notes due 2026, net296,795296,449
Building improvements and construction funding payable10,4489,591
Accounts payable and accrued expenses12,16011,406
Dividends payable52,29551,827
Rent received in advance and tenant security deposits60,15159,358
Other liabilities12,2375,056
Total liabilities444,086438,118
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, 202314,00914,009
Common stock, par value $0.001 per share, 50,000,000 shares authorized: 28,328,647 and 28,140,891 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively2828
Additional paid-in capital2,111,1112,095,789
Dividends in excess of earnings(169,721)(156,854)
Total stockholders' equity1,955,4271,952,972
Total liabilities and stockholders' equity$ 2,399,513$ 2,391,090
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 Wed Jun 12 2024, market cap of Innovative Industrial Properties Inc is 3.02 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 Wed Jun 12 2024, IIPR's PE ratio (Price to Earnings) is 18.42 and Price to Sales (PS) ratio is 9.77. 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.