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IIPRInnovative Industrial Properties, Inc.
NYSE · US · Real Estate · REIT - Industrial · innovativeindustrialproperties.com
62.01USD-1.98%Mkt Cap: 1.80B $P/E: 15.81

Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties and life science real estate. Innovative Industria…

Industry Peers

REIT - Industrial
Screen all
vs REIT - Industrial
P/E
Avg
P/B
Avg
Div Yield
Lower
1M Perf
Lower
PLD
Prologis, Inc.
$126.94BUSDP/E 34.0
PSA
Public Storage
$55.89BUSDP/E 32.9
EXR
Extra Space Storage Inc.
$32.07BUSDP/E 32.7
SGRO
SEGRO Plc
$12.87BUSDP/E 21.3
EGP
EastGroup Properties, Inc.
$10.89BUSDP/E 36.8
LINE
Lineage, Inc.
$10.84BUSD
CUBE
CubeSmart
$9.05BUSDP/E 27.8
FR
First Industrial Realty Trust, Inc.
$8.40BUSDP/E 23.7
REXR
Rexford Industrial Realty, Inc.
$7.75BUSDP/E 35.6
STAG
STAG Industrial, Inc.
$7.43BUSDP/E 29.5
TRNO
Terreno Realty Corporation
$6.85BUSDP/E 15.8
NSA
National Storage Affiliates Trust
$6.53BUSDP/E 59.3
WDP
Warehouses De Pauw SA
$5.77BUSDP/E 13.4
LMP
LondonMetric Property Plc
$4.78BUSDP/E 14.5
COLD
Americold Realty Trust, Inc.
$4.51BUSD
GRT-UN
Granite Real Estate Investment Trust
$4.24BUSDP/E 14.9
LXP
LXP Industrial Trust
$3.18BUSDP/E 36.2
DIR-UN
Dream Industrial Real Estate Investment Trust
$2.93BUSDP/E 22.2
BYG
Big Yellow Group Plc
$1.92BUSDP/E 14.3
SMA
SmartStop Self Storage REIT, Inc.
$1.80BUSDP/E 101.6
MONT
Montea Comm. VA
$1.69BUSDP/E 9.7
ARG
Argan SA
$1.69BUSDP/E 6.3
SAFE
Safestore Holdings Plc
$1.46BUSDP/E 20.4
RYGYO
Reysas Gayrimenkul Yatirim Ortakligi A.S.
$1.43BUSDP/E 3.7
NXR-UN
Nexus Industrial REIT
$718.83MUSDP/E 13.7
ILPT
Industrial Logistics Properties Trust
$591.32MUSD
PSA-PI
Public Storage
—P/E 1.8
NSA-PA
National Storage Affiliates Trust
—P/E 21.7
PSA-PG
Public Storage
—P/E 1.9
LXP-PC
LXP Industrial Trust
—P/E 37.4
REXR-PC
Rexford Industrial Realty, Inc.
—P/E 23.8
REXR-PB
Rexford Industrial Realty, Inc.
—P/E 24.8
PSA-PH
Public Storage
—P/E 2.1
PSA-PK
Public Storage
—P/E 1.8
IIPR-PA
Innovative Industrial Properties, Inc.
—P/E 5.1
Indicators:|

Key Statistics

Company
Market Cap1.80B $
Enterprise Value2.17B $
Revenue (TTM)263.23M $
Gross Profit235.78M $
Net Income (TTM)118.25M $
Revenue/Share9.423 USD
Last Price62.01 USD
Fiscal Year EndDec 2025
MR QuarterMar 2026
Employees23
CountryUS
SectorReal Estate
IndustryREIT - Industrial
ISIN—
Valuation
P/E (Trailing)15.81
P/E (Forward)12.94
PEG—
EV/EBITDA10.80
EV/Revenue8.24
P/S6.83
P/B0.98
EPS (TTM)3.92
EPS (Forward)4.79
52W Range
44.5891% of range63.64
52W High63.64 USD
52W Low44.58 USD
Profitability
Gross Margin88.65%
Oper. Margin49.80%
EBITDA Margin76.25%
Profit Margin44.46%
ROE6.40%
ROA4.99%
Growth
Revenue Growth-3.80%
Earnings Growth0.00%
Cash Flow & Leverage
Operating CF198.19M $
CapEx (TTM)—
FCF Margin59.39%
FCF Yield8.70%
Net Debt276.86M $
Net Debt/EBITDA1.38
Balance Sheet
Debt/Equity0.21
Current Ratio0.35
Quick Ratio0.25
Book Value/Sh63.09 USD
Cash/Share3.097 USD
Dividends
Fwd Div Rate7.600 USD
Trail. Div Rate7.600 USD
Div. Yield12.26%
5Y Avg Yield8.67%
Payout Ratio193.88%
Ex-Div DateJun 30, 2026
Pay DateJul 15, 2026
Analyst Consensus
Rating2.8 (Hold)
Strong BuyBuyHoldSellStr. Sell
Target (Mean)61.75 USD
Upside (mean)-0.4%
Target Range45.00 USD – 90.00 USD
$45.00-0.4% to mean$90.00
# Analysts4
Ownership
Shares Out.29.00M
Float28.19M
Insiders1.87%
Institutions71.60%
Short Interest
Short Ratio9.2d
Short % Float19.29%
Short % Out.12.91%
Shares Short3.74M
Short (prev mo.)2.99M
Technical
SMA 5057.28 (+8.3%)
SMA 20052.98 (+17.0%)
Beta1.45
S&P 52W Chg20.05%
Avg Vol (30d)339.90K
Avg Vol (10d)426.38K
Technical Indicators
RSI (14)61.4
MACD1.4973
MACD Signal1.3074
MACD Hist.+0.1899
BB Upper63.22 USD
BB Middle59.84 USD
BB Lower56.46 USD
BB Width11.30%
ATR (14)1.872 USD
Vol Ratio (20d)1.65x