| Name | Market Cap | Current Price | P/E Ratio | Revenue Growth 1Y | Net Margin | ROE | FCF Yield | Debt/Equity |
|---|---|---|---|---|---|---|---|---|
| IIPRInnovative Industrial Properties, Inc. | 1.42B | 50.81 | 9.20 | -0.32% | 45.8% | 6.79% | 18.15% | 0.15 |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 321K | 6.42M | 14.79M | 44.67M | 116.9M | 204.55M | 276.36M | 309.51M | 308.52M |
| Revenue Growth % | - | 19% | 1.3% | 2.02% | 1.62% | 0.75% | 0.35% | 0.12% | -0% |
| Property Operating Expenses | 87K | 118K | 445K | 1.31M | 4.95M | 4.44M | 10.52M | 24.89M | 28.47M |
| Net Operating Income (NOI) | - | - | - | - | - | - | - | - | - |
| NOI Margin % | - | - | - | - | - | - | - | - | - |
| Operating Expenses | 919K | 6.41M | 9M | 18.42M | 42.21M | 64.74M | 96.22M | 110.03M | 111.7M |
| G&A Expenses | 828K | 5.5M | 6.38M | 9.82M | 14.18M | 22.96M | 38.52M | 42.83M | 37.44M |
| EBITDA | 321K | 6.42M | 14.79M | 33.53M | 97.76M | 177.15M | 230.92M | 241.78M | 239.15M |
| EBITDA Margin % | - | - | - | - | - | - | - | - | - |
| Depreciation & Amortization | 4.71M | 6.64M | 9.45M | 8.6M | 28.02M | 41.78M | 61.3M | 67.19M | 70.81M |
| D&A / Revenue % | - | - | - | - | - | - | - | - | - |
| Operating Income | -4.39M | -223K | 5.34M | 24.93M | 69.74M | 135.37M | 169.62M | 174.59M | 168.34M |
| Operating Margin % | - | - | - | - | - | - | - | - | - |
| Interest Expense | 0 | 0 | 0 | 6.31M | 7.43M | 18.09M | 18.3M | 16.1M | 16.26M |
| Interest Coverage | - | - | - | 3.95x | 9.38x | 7.48x | 9.27x | 10.85x | 10.35x |
| Non-Operating Income | -3.71M | 0 | -1.65M | -4.07M | -2.48M | 5M | -1.72M | -7.1M | -9.57M |
| Pretax Income | -4.39M | -72K | 6.99M | 23.48M | 65.73M | 113.99M | 154.39M | 165.59M | 161.65M |
| Pretax Margin % | - | - | - | - | - | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | - | - | - | - | - | - | - | - | - |
| Net Income | -4.39M | -72K | 6.99M | 23.48M | 65.73M | 113.99M | 154.39M | 165.59M | 161.66M |
| Net Margin % | - | - | - | - | - | - | - | - | - |
| Net Income Growth % | - | 0.98% | 98.01% | 2.36% | 1.8% | 0.73% | 0.35% | 0.07% | -0.02% |
| Funds From Operations (FFO) | - | - | - | - | - | - | - | - | - |
| FFO Margin % | - | - | - | - | - | - | - | - | - |
| FFO Growth % | - | 19.47% | 1.5% | 0.95% | 1.92% | 0.66% | 0.38% | 0.08% | -0% |
| FFO per Share | - | - | - | - | - | - | - | - | - |
| FFO Payout Ratio % | - | - | - | - | - | - | - | - | - |
| EPS (Diluted) | -4.56 | -0.02 | 0.96 | 1.61 | 3.27 | 4.55 | 5.52 | 5.77 | 5.52 |
| EPS Growth % | - | 1% | 46.07% | 0.68% | 1.03% | 0.39% | 0.21% | 0.05% | -0.04% |
| EPS (Basic) | -4.56 | -0.02 | 0.98 | 1.63 | 3.28 | 4.69 | 5.57 | 5.82 | 5.58 |
| Diluted Shares Outstanding | 962.77K | 3.38M | 7.29M | 10.68M | 19.56M | 26.26M | 27.66M | 28.26M | 28.53M |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 63.33M | 80.03M | 281.47M | 745.86M | 1.77B | 2.08B | 2.41B | 2.39B | 2.38B |
| Asset Growth % | - | 0.26% | 2.52% | 1.65% | 1.37% | 0.18% | 0.16% | -0.01% | -0.01% |
| Real Estate & Other Assets | 30.05M | 68.27M | 147.97M | 507.74M | 1.02B | 1.65B | 2.1B | 2.2B | 2.2B |
| PP&E (Net) | 0 | 0 | 0 | 1.2M | 980K | 1.07M | 1.74M | 1.35M | 946K |
| Investment Securities | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 33.28M | 11.76M | 13.05M | 117.32M | 126.01M | 99.33M | 106.59M | 163.7M | 169.04M |
| Cash & Equivalents | 33M | 11.76M | 13.05M | 82.24M | 126.01M | 81.1M | 87.12M | 140.25M | 146.25M |
| Receivables | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | -482K | 0 | 35.07M | 0 | 5.32M | 1.45M | 1.45M | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 9.15M | 9.11M | 8.24M | 7.38M |
| Total Liabilities | 2.89M | 6.48M | 17.17M | 197.85M | 243.11M | 472.9M | 452.94M | 438.12M | 441.99M |
| Total Debt | 0 | 0 | 0 | 135.86M | 137.75M | 326.09M | 301.5M | 300.88M | 297.87M |
| Net Debt | -33M | -11.76M | -13.05M | 53.61M | 11.74M | 245M | 214.37M | 160.63M | 151.62M |
| Long-Term Debt | 0 | 0 | 0 | 134.65M | 136.69M | 326.09M | 301.5M | 300.88M | 297.87M |
| Short-Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 29.52B | 14.01M | 14.01M | 1.2M | 1.06M | 1.14M | 1.88M | 1.48M | 1.05M |
| Total Current Liabilities | 2.61M | 6.44M | 17.17M | 61.99M | 105.36M | 145.64M | 149.55M | 132.18M | 132.78M |
| Accounts Payable | 70K | 1.08M | 4.4M | 28.39M | 41.14M | 53.99M | 39.99M | 21M | 20.79M |
| Deferred Revenue | 2.54M | 4.16M | 9.01M | 20.63M | 34.15M | 52.8M | 58.72M | 59.36M | 57.18M |
| Other Liabilities | -2.27M | -4.12M | -9.01M | -20.63M | -34.15M | 1.17M | 1.9M | 5.06M | 11.34M |
| Total Equity | 60.44M | 73.55M | 264.29M | 548.01M | 1.52B | 1.61B | 1.96B | 1.95B | 1.94B |
| Equity Growth % | - | 0.22% | 2.59% | 1.07% | 1.78% | 0.06% | 0.22% | -0% | -0.01% |
| Shareholders Equity | 60.44M | 73.55M | 264.29M | 548.01M | 1.52B | 1.61B | 1.96B | 1.95B | 1.94B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 3K | 4K | 10K | 13K | 24K | 26K | 28K | 28K | 28K |
| Additional Paid-in Capital | 64.83M | 64M | 260.54M | 553.93M | 1.56B | 1.67B | 2.07B | 2.1B | 2.12B |
| Retained Earnings | -4.39M | -4.46M | -10.27M | -19.94M | -48.12M | -75.22M | -117.39M | -156.85M | -211.71M |
| Preferred Stock | 0 | 14.01M | 14.01M | 14.01M | 14.01M | 14.01M | 14.01M | 14.01M | 23.63M |
| Return on Assets (ROA) | -0.07% | -0% | 0.04% | 0.05% | 0.05% | 0.06% | 0.07% | 0.07% | 0.07% |
| Return on Equity (ROE) | -0.07% | -0% | 0.04% | 0.06% | 0.06% | 0.07% | 0.09% | 0.08% | 0.08% |
| Debt / Assets | - | - | - | 0.18% | 0.08% | 0.16% | 0.12% | 0.13% | 0.13% |
| Debt / Equity | - | - | - | 0.25x | 0.09x | 0.20x | 0.15x | 0.15x | 0.15x |
| Net Debt / EBITDA | -102.81x | -1.83x | -0.88x | 1.60x | 0.12x | 1.38x | 0.93x | 0.66x | 0.63x |
| Book Value per Share | 62.78 | 21.79 | 36.27 | 51.29 | 77.97 | 61.37 | 70.92 | 69.12 | 67.86 |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 1.69M | 5.01M | 15.69M | 44.93M | 110.81M | 188.75M | 234.13M | 255.54M | 258.45M |
| Operating CF Growth % | - | 1.96% | 2.13% | 1.86% | 1.47% | 0.7% | 0.24% | 0.09% | 0.01% |
| Operating CF / Revenue % | - | - | - | - | - | - | - | - | - |
| Net Income | -4.39M | -72K | 6.99M | 23.48M | 65.73M | 113.99M | 154.39M | 165.59M | 161.66M |
| Depreciation & Amortization | 27K | 915K | 2.63M | 8.6M | 28.02M | 41.78M | 61.3M | 67.19M | 70.81M |
| Stock-Based Compensation | 58K | 1.72M | 1.47M | 2.5M | 3.33M | 8.62M | 17.51M | 19.58M | 17.32M |
| Other Non-Cash Items | 3.71M | 2.62M | -955K | 1.68M | 2.2M | 6.3M | 216.62M | -1.74M | 4.71M |
| Working Capital Changes | 2.29M | 2.45M | 5.57M | 12.43M | 14.32M | 18.07M | -215.69M | 4.92M | 3.95M |
| Cash from Investing | -30.03M | -38.65M | -199.25M | -340.63M | -1.03B | -384.09M | -396.2M | -6.79M | -56M |
| Acquisitions (Net) | 0 | 0 | 0 | -650K | -200K | 0 | 373.88M | 0 | 0 |
| Purchase of Investments | -30.03M | -32.73M | -184.99M | -255.66M | -1.08B | -569.77M | -538.89M | -150.76M | -45.11M |
| Sale of Investments | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Investing | -51.48M | -38.65M | -79.77M | -650K | -200K | -678.82M | -372.31M | -150.09M | -73.45M |
| Cash from Financing | 61.34M | 12.38M | 184.85M | 399.96M | 924.99M | 155.76M | 164.22M | -195.63M | -197.9M |
| Dividends Paid | 0 | -1.05M | -7.98M | -23.94M | -76.82M | -132.31M | -185.29M | -204.06M | -213.53M |
| Common Dividends | 0 | -1.05M | -6.64M | -22.58M | -75.46M | -130.95M | -183.94M | -202.71M | -211.95M |
| Debt Issuance (Net) | 0 | 0 | 0 | 1000K | 0 | 1000K | 0 | 0 | -1000K |
| Share Repurchases | -1K | -298K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 61.34M | -574K | -390K | -939K | -2.17M | -11.94M | -2.44M | -1.13M | -1.32M |
| Net Change in Cash | 33M | -21.25M | 1.29M | 104.27M | 8.69M | -39.59M | 2.15M | 53.13M | 4.55M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 0 | 33M | 11.76M | 13.05M | 117.32M | 126.01M | 86.42M | 88.57M | 141.7M |
| Cash at End | 33M | 11.76M | 13.05M | 117.32M | 126.01M | 86.42M | 88.57M | 141.7M | 146.25M |
| Free Cash Flow | -28.34M | -896K | -6.6M | -298.98M | -419.01M | 188.75M | -139.75M | 255.54M | 258.45M |
| FCF Growth % | - | 0.97% | -6.37% | -44.3% | -0.4% | 1.45% | -1.74% | 2.83% | 0.01% |
| FCF / Revenue % | - | - | - | - | - | - | - | - | - |
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 0.33 | 1.95 | 2.26 | 3 | 4.79 | 5.93 | 7.8 | 8.24 | 8.15 |
| FFO Payout Ratio | 0% | 15.98% | 40.42% | 70.41% | 80.49% | 84.07% | 85.28% | 87.08% | 91.18% |
| NOI Margin | 72.9% | 98.16% | 96.99% | 97.06% | 95.76% | 97.83% | 96.19% | 91.96% | 90.77% |
| Net Debt / EBITDA | -102.81x | -1.83x | -0.88x | 1.60x | 0.12x | 1.38x | 0.93x | 0.66x | 0.63x |
| Debt / Assets | - | - | - | 18.21% | 7.79% | 15.64% | 12.49% | 12.58% | 12.53% |
| Interest Coverage | - | - | - | 3.95x | 9.38x | 7.48x | 9.27x | 10.85x | 10.35x |
| Book Value / Share | 62.78 | 21.79 | 36.27 | 51.29 | 77.97 | 61.37 | 70.92 | 69.12 | 67.86 |
| Revenue Growth | - | 1900% | 130.33% | 202.07% | 161.71% | 74.99% | 35.11% | 11.99% | -0.32% |
Innovative Industrial Properties, Inc. (IIPR) has a price-to-earnings (P/E) ratio of 9.2x. This may indicate the stock is undervalued or faces growth challenges.
Innovative Industrial Properties, Inc. (IIPR) reported $276.0M in revenue for fiscal year 2024. This represents a 85894% increase from $0.3M in 2016.
Innovative Industrial Properties, Inc. (IIPR) saw revenue decline by 0.3% over the past year.
Yes, Innovative Industrial Properties, Inc. (IIPR) is profitable, generating $126.4M in net income for fiscal year 2024 (52.4% net margin).
Yes, Innovative Industrial Properties, Inc. (IIPR) pays a dividend with a yield of 14.62%. This makes it attractive for income-focused investors.
Innovative Industrial Properties, Inc. (IIPR) has a return on equity (ROE) of 8.3%. This is below average, suggesting room for improvement.
Innovative Industrial Properties, Inc. (IIPR) generated Funds From Operations (FFO) of $200.2M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Innovative Industrial Properties, Inc. (IIPR) offers a 14.62% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.