Innovative Industrial Properties, Inc. (NYSE: IIPR) Stock Analysis & Fundamentals

IIPRInnovative Industrial Properties, Inc.

NYSE · US · Real Estate · REIT - Industrial · innovativeindustrialproperties.com

56.61USD+0.73%Mkt Cap: 1.55B $P/E: 12.71Today

Innovative Industrial Properties, Inc. is an internally managed real estate investment trust focused on the acquisition, ownership and management of specialized industrial properties and financial investments in the life…

Industry Peers

REIT - Industrial

Extra Space Storage Inc.

EastGroup Properties, Inc.

First Industrial Realty Trust, Inc.

$8.60BUSDP/E 22.8

REXR

Rexford Industrial Realty, Inc.

$8.59BUSD

TRNO

Terreno Realty Corporation

$7.47BUSDP/E 18.4

STAG

STAG Industrial, Inc.

$7.16BUSDP/E 28.0

NSA

National Storage Affiliates Trust

$6.39BUSDP/E 57.9

LMP

LondonMetric Property Plc

$5.73BUSDP/E 14.7

WDP

Warehouses De Pauw SA

$5.56BUSDP/E 12.4

COLD

Americold Realty Trust, Inc.

$4.33BUSD

GRT-UN

Granite Real Estate Investment Trust

Key Statistics

Company

Market Cap1.55B $

Enterprise Value2.10B $

Revenue (TTM)263.65M $

Gross Profit235.78M $

Net Income (TTM)118.25M $

Revenue/Share9.394 USD

Last Price56.61 USD

Fiscal Year EndDec 2025

MR QuarterJun 2026

Employees24

CountryUS

SectorReal Estate

IndustryREIT - Industrial

ISIN—

Valuation

P/E (Trailing)12.71

P/E (Forward)12.36

PEG—

EV/EBITDA10.35

EV/Revenue7.96

P/S5.93

P/B0.91

EPS (TTM)4.46

EPS (Forward)4.59

52W Range

44.5858% of range65.38

52W High65.38 USD

52W Low44.58 USD

Profitability

Gross Margin88.65%

Oper. Margin48.82%

EBITDA Margin76.84%

Profit Margin44.46%

ROE6.40%

ROA4.99%

Growth

Revenue Growth0.70%

Earnings Growth57.70%

Cash Flow & Leverage

Operating CF198.19M $

CapEx (TTM)—

FCF Margin37.88%

FCF Yield6.45%

Net Debt404.30M $

Net Debt/EBITDA2.00

Balance Sheet

Debt/Equity0.21

Current Ratio4.58

Quick Ratio3.17

Book Value/Sh62.48 USD

Cash/Share7.426 USD

Dividends

Fwd Div Rate7.600 USD

Trail. Div Rate7.600 USD

Div. Yield13.52%

5Y Avg Yield8.85%

Payout Ratio171.95%

Ex-Div DateJun 30, 2026

Pay DateJul 15, 2026

Analyst Consensus

Rating2.8 (Hold)

Strong BuyBuyHoldSellStr. Sell

Target (Mean)63.25 USD

Upside (mean)+11.7%

Target Range51.00 USD – 90.00 USD

$51.00+11.7% to mean$90.00

# Analysts4

Ownership

Shares Out.27.57M

Float26.99M

Insiders1.97%

Institutions78.48%

Short Interest

Short Ratio11.4d

Short % Float19.07%

Short % Out.12.77%

Shares Short3.70M

Short (prev mo.)4.03M

Technical

SMA 5060.60 (-6.6%)

SMA 20054.12 (+4.6%)

Beta1.40

S&P 52W Chg18.16%

Avg Vol (30d)261.59K

Avg Vol (10d)275.24K

Technical Indicators

RSI (14)34.6

MACD-1.3778

MACD Signal-0.9976

MACD Hist.-0.3803

BB Upper63.08 USD

BB Middle59.05 USD

BB Lower55.02 USD

BB Width13.65%

ATR (14)1.570 USD

Vol Ratio (20d)0.67x