IIPR Stock Price, Innovative Industrial Properties Quote, Chart

Market Summary

USD98.630.00

Market Closed

0.00%

IIPR Stock Price

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IIPR RSI Chart

IIPR Valuation

Market Cap

2.8B

Price/Earnings (Trailing)

16.8

Price/Sales (Trailing)

8.99

Price/Free Cashflow

10.89

IIPR Price/Sales (Trailing)

IIPR Profitability

Return on Equity

8.48%

Return on Assets

6.93%

Free Cashflow Yield

9.19%

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

4.3%

Last 30 days

-3.9%

Last 90 days

5.4%

Trailing 12 Months

43.5%

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

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Net sales

Year	Q1	Q2	Q3	Q4
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

Get all data in R, Python etc through our Historical Stock Data APIs

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?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	AMALGAMATED BANK	reduced	-15.11	-136,000	922,000	0.01%
Apr 23, 2024	FIFTH THIRD BANCORP	added	0.31	979	33,443	-%
Apr 23, 2024	Sugarloaf Wealth Management, LLC	unchanged	-	269	10,250	-%
Apr 23, 2024	Louisiana State Employees Retirement System	reduced	-0.71	27,726	1,439,210	0.03%
Apr 23, 2024	RATIONAL ADVISORS LLC	sold off	-100	-240,960	-	-%
Apr 23, 2024	Global Retirement Partners, LLC	added	12.04	12,204	63,570	-%
Apr 23, 2024	Morton Brown Family Wealth, LLC	unchanged	-	133	5,073	-%
Apr 23, 2024	B&I Capital AG	reduced	-11.54	-149,133	1,480,620	0.47%
Apr 23, 2024	WEDGE CAPITAL MANAGEMENT L L P/NC	added	13.13	856,823	6,150,280	0.10%
Apr 23, 2024	TrueWealth Advisors, LLC	added	3.78	171,551	2,778,710	1.07%

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
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)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	81.2B	11.1B	-9.63%	-14.57%	59.43	7.29	4.04%	-19.43%
CCI	41.5B	7.0B	-7.14%	-23.31%	27.61	5.94	-0.07%	-10.36%
AVB	26.8B	2.8B	3.01%	9.02%	28.86	9.68	6.73%	-18.30%
ARE	19.9B	3.0B	-4.73%	-3.60%	103.23	6.73	10.44%	-74.28%
AMH	12.9B	1.6B	-1.98%	8.50%	29.83	8.02	7.80%	39.39%
REG	11.1B	1.3B	1.26%	0.15%	30.42	8.39	8.04%	-24.50%
BXP	9.9B	3.3B	-0.65%	20.81%	51.88	3.01	5.31%	-77.32%
MID-CAP
FRT	8.5B	1.1B	3.35%	7.17%	36.02	7.54	5.38%	-38.52%
MAC	3.5B	884.1M	-4.94%	65.24%	-12.7	3.94	2.90%	-314.82%
SLG	3.4B	899.4M	-0.98%	126.14%	-6.02	3.78	-0.45%	-623.11%
SMALL-CAP
AAT	1.3B	441.2M	2.71%	21.12%	20.35	2.98	4.38%	15.77%
AIV	1.2B	198.2M	0.88%	3.60%	-7.42	5.71	-43.33%	-270.70%
MFA	1.1B	605.6M	-6.60%	4.26%	13.7	1.81	25.53%	134.62%
NYMT	656.9M	258.7M	3.60%	-29.41%	-13.5	2.54	0.11%	83.70%
IVR	415.3M	277.9M	-9.02%	-18.46%	-26.19	1.49	44.33%	96.06%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	1.7%	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	5.00
Operating Expenses	3.6%	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	3.00
S&GA Expenses	-0.7%	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	2.00
Interest Expenses	-4.3%	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	0.1%	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	3.00
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 Cashflow	4.8%	66.00	63.00	62.00	65.00	55.00	57.00	62.00	60.00	48.00	52.00	47.00	43.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.1%	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	281
Cash Equivalents	19.8%	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	13.00
Liabilities	-0.6%	438	441	443	455	453	464	450	461	473	591	576	280	243	230	209	221	198	173	165	152	17.00
Long Term Debt	0.2%	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	0.2%	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	264
Retained Earnings	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional Paid-In Capital	0.7%	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	261
Shares Outstanding	0.4%	28.00	28.00	28.00	28.00	28.00	27.00	27.00	26.00	24.00	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	4.8%	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	6,142
Share Based Compensation	0%	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	386
Cashflow From Investing	-106.3%	-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	-157,307
Cashflow From Financing	17.6%	-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	111,196
Dividend Payments	0%	50,742	50,742	50,725	50,502	50,503	49,101	45,830	38,509	35,983	33,584	-	29,727	25,988	19,770	17,068	12,638	8,866	5,885	4,412	3,421	2,375

IIPR Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Rental (including tenant reimbursements)	$ 307,349	$ 274,377	$ 204,551
Other	2,157	1,982
Total revenues	309,506	276,359	204,551
Expenses:
Property expenses	24,893	10,520	4,443
General and administrative expense	42,832	38,520	22,961
Depreciation and amortization expense	67,194	61,303	41,776
Total expenses	134,919	110,343	69,180
Gain on sale of real estate		3,601
Income from operations	174,587	169,617	135,371
Interest and other income	8,446	3,195	397
Interest expense	(17,467)	(18,301)	(18,086)
Gain (loss) on exchange of Exchangeable Senior Notes	22	(125)	(3,692)
Net income	165,588	154,386	113,990
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)	27,977,807	27,345,047	23,903,017
Diluted (in shares)	28,255,797	27,663,169	26,261,155

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 improvements	2,108,218	2,010,628
Construction in progress	117,773	54,106
Total real estate, at cost	2,368,515	2,204,687
Less accumulated depreciation	(202,692)	(138,405)
Net real estate held for investment	2,165,823	2,066,282
Construction loan receivable	22,000	18,021
Cash and cash equivalents	140,249	87,122
Restricted cash	1,450	1,450
Investments	21,948	200,935
Right of use office lease asset	1,355	1,739
In-place lease intangible assets, net	8,245	9,105
Other assets, net	30,020	30,182
Total assets	2,391,090	2,414,836
Liabilities:
Exchangeable Senior Notes, net	4,431	6,380
Notes due 2026, net	296,449	295,115
Building improvements and construction funding payable	9,591	29,376
Accounts payable and accrued expenses	11,406	10,615
Dividends payable	51,827	50,840
Rent received in advance and tenant security deposits	59,358	58,716
Other liabilities	5,056	1,901
Total liabilities	438,118	452,943
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, 2022	14,009	14,009
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, respectively	28	28
Additional paid-in capital	2,095,789	2,065,248
Dividends in excess of earnings	(156,854)	(117,392)
Total stockholders' equity	1,952,972	1,961,893
Total liabilities and stockholders' equity	$ 2,391,090	$ 2,414,836

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 Tue Apr 23 2024, market cap of Innovative Industrial Properties Inc is 2.78 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 Tue Apr 23 2024, IIPR's PE ratio (Price to Earnings) is 16.8 and Price to Sales (PS) ratio is 8.99. 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.