NYSE · REIT - Industrial

Innovative Industrial Properties, Inc. (IIPR) Stock

$51.92 +1.35% NYSE: IIPR Real Estate

Valuation

MetricValue
Price$51.92
Market Cap$1.51B
P/E Ratio11.20
P/B Ratio0.78
P/S Ratio5.56
EPS (TTM)$3.92
52-Week High$65.38
52-Week Low$44.58
Dividend Yield15.04%

Financials & Margins

MetricValue
ROE7.39%
ROA5.34%
ROCE5.80%
Gross Margin46.62%
Operating Margin46.62%
Net Margin52.27%
Debt/Equity0.33
Current Ratio0.36

Annual Financials (USD)

Metric20212022202320242025
Revenue$205.0M$276.0M$310.0M$309.0M$266.0M
Operating Profit$135.0M$170.0M$175.0M$168.0M$124.0M
Net Profit$114.0M$154.0M$166.0M$162.0M$114.0M
EPS$4.55$5.52$5.77$5.52$3.93
Op Margin66.2%61.4%56.4%54.6%46.7%

Balance Sheet (USD)

Metric20212022202320242025
Total Assets$2.1B$2.4B$2.4B$2.4B$2.4B
Total Liabilities$473.0M$453.0M$438.0M$442.0M$523.0M
Cash$81.0M$87.0M$140.0M$146.0M$48.0M
Borrowings$326.0M$301.0M$301.0M$298.0M$394.0M

Latest News

Innovative Industrial Properties (IIPR) Increases Despite Market Slip: Here's What You Need to Know Zacks · Jun 26, 2026 Innovative Industrial Properties (IIPR) Exceeds Market Returns: Some Facts to Consider Zacks · Jun 18, 2026 KBWY Up 20% This Year, But The Real Test Comes When Rent Rolls Reset 24/7 Wall St. · Jun 18, 2026 Innovative Industrial Properties Declares Second Quarter 2026 Dividends Business Wire · Jun 15, 2026 Innovative Industrial Properties (IIPR) Stock Valuation After Upsized US$350m Exchangeable Notes Offering Simply Wall St. · Jun 15, 2026

Cash Flow (USD)

Metric20212022202320242025
Operating Cash Flow$189.0M$234.0M$256.0M$258.0M$198.0M
Investing Cash Flow$-384.0M$-770.0M$-7.0M$-56.0M$-198.0M
Financing Cash Flow$-12.0M$-2.0M$-1.0M$-1.0M$-21.0M
Net Cash Flow$-40.0M$2.0M$53.0M$5.0M$-99.0M
Free Cash Flow$189.0M$-140.0M$256.0M$258.0M$175.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-3.08
EV / EBITDA7.84
FCF Yield13.41%
Quick Ratio1.36
Interest Coverage5.30
Return 1Y28.38%
Return 3Y6.70%
Return 5Y-55.04%

Ownership

Insiders Held1.87%
Institutions Held71.58%
Institutions Float Held72.94%
Institutional HolderSharesReport Date
Blackrock Inc.4,781,5892026-03-31
Vanguard Portfolio Management LLC2,728,9892026-03-31
State Street Corporation1,586,6742026-03-31
Vanguard Capital Management LLC1,242,1622026-03-31
Charles Schwab Investment Management, Inc.573,6332026-03-31

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
ARIApollo Commercial Real Estate Finance, Inc $6.24 +0.16% 7.80 $817.11M 9.32%
EFCEllington Financial Inc. $11.64 +0.43% 7.07 $1.46B 13.46%
EPREPR Properties $54.41 +0.61% 17.98 $4.16B 6.59%
FORForestar Group Inc $25.91 +0.90% 7.71 $1.32B 0.00%
KREFKKR Real Estate Finance Trust Inc. $7.36 +1.80% -3.96 $473.25M 5.43%

About Innovative Industrial Properties, Inc.

Innovative Industrial Properties, Inc. (IIPR) stock trades at $51.92 with a market capitalization of $1.51B. The stock is valued at a price-to-earnings (P/E) ratio of 11.20, price-to-book of 0.78, price-to-sales of 5.56. Over the past 52 weeks the stock has ranged between $44.58 and $65.38, and currently trades 20.6% below its 52-week high. It pays a dividend yielding 15.04%.

On profitability, Innovative Industrial Properties, Inc. generates a return on equity (ROE) of 7.39%, return on capital employed of 5.80%, an operating margin of 46.62%, a net profit margin of 52.27%.

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