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IIPRInnovative Industrial Properties, Inc.
NYSE · US · Real Estate · REIT - Industrial · innovativeindustrialproperties.com
61.86USD-2.43%Mkt Cap: 1.79B $P/E: 15.78

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.
$133.76BUSDP/E 35.3
PSA
Public Storage
$56.89BUSDP/E 33.4
EXR
Extra Space Storage Inc.
$32.25BUSDP/E 32.8
SGRO
SEGRO Plc
$12.96BUSDP/E 21.5
EGP
EastGroup Properties, Inc.
$11.41BUSDP/E 38.7
LINE
Lineage, Inc.
$10.91BUSD
CUBE
CubeSmart
$9.16BUSDP/E 28.1
FR
First Industrial Realty Trust, Inc.
$8.64BUSDP/E 24.3
REXR
Rexford Industrial Realty, Inc.
$7.93BUSDP/E 36.4
STAG
STAG Industrial, Inc.
$7.63BUSDP/E 30.3
TRNO
Terreno Realty Corporation
$7.23BUSDP/E 16.7
NSA
National Storage Affiliates Trust
$6.65BUSDP/E 60.4
WDP
Warehouses De Pauw SA
$5.81BUSDP/E 13.5
LMP
LondonMetric Property Plc
$4.80BUSDP/E 14.5
COLD
Americold Realty Trust, Inc.
$4.62BUSD
GRT-UN
Granite Real Estate Investment Trust
$4.30BUSDP/E 15.1
LXP
LXP Industrial Trust
$3.28BUSDP/E 37.3
DIR-UN
Dream Industrial Real Estate Investment Trust
$2.99BUSDP/E 22.7
BYG
Big Yellow Group Plc
$1.88BUSDP/E 14.0
ARG
Argan SA
$1.74BUSDP/E 6.5
SMA
SmartStop Self Storage REIT, Inc.
$1.82BUSDP/E 102.5
MONT
Montea Comm. VA
$1.71BUSDP/E 9.7
SAFE
Safestore Holdings Plc
$1.44BUSDP/E 20.2
RYGYO
Reysas Gayrimenkul Yatirim Ortakligi A.S.
$1.50BUSDP/E 3.9
NXR-UN
Nexus Industrial REIT
$723.27MUSDP/E 13.8
ILPT
Industrial Logistics Properties Trust
$580.66MUSD
REXR-PB
Rexford Industrial Realty, Inc.
—P/E 25.7
IIPR-PA
Innovative Industrial Properties, Inc.
—P/E 5.1
LXP-PC
LXP Industrial Trust
—P/E 38.0
PSA-PG
Public Storage
—P/E 2.0
REXR-PC
Rexford Industrial Realty, Inc.
—P/E 24.2
PSA-PH
Public Storage
—P/E 2.1
NSA-PA
National Storage Affiliates Trust
—P/E 21.9
PSA-PI
Public Storage
—P/E 1.9
PSA-PK
Public Storage
—P/E 1.8
Indicators:|

Key Statistics

Company
Market Cap1.79B $
Enterprise Value2.17B $
Revenue (TTM)263.23M $
Gross Profit235.78M $
Net Income (TTM)118.25M $
Revenue/Share9.423 USD
Last Price61.86 USD
Fiscal Year EndDec 2025
MR QuarterMar 2026
Employees23
CountryUS
SectorReal Estate
IndustryREIT - Industrial
ISIN—
Valuation
P/E (Trailing)15.78
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
44.5890% of range63.71
52W High63.71 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 Yield8.72%
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)-0.2%
Target Range45.00 USD – 90.00 USD
$45.00-0.2% 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 (+8.0%)
SMA 20052.98 (+16.8%)
Beta1.45
S&P 52W Chg20.05%
Avg Vol (30d)343.96K
Avg Vol (10d)426.38K
Technical Indicators
RSI (14)57.8
MACD1.4974
MACD Signal1.4190
MACD Hist.+0.0784
BB Upper63.94 USD
BB Middle60.59 USD
BB Lower57.24 USD
BB Width11.06%
ATR (14)1.818 USD
Vol Ratio (20d)0.41x