Innovative Industrial Properties, Inc. IIPR R2K
Company Overview
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 Industrial Properties, Inc. was incorporated on June 15th 2016 in Maryland and is based in San Diego, United States.
Why Investors Should Care
Net profit has compounded at 12.5% per year over the last five years.
Revenue has grown at a 59.3% CAGR over the past five years.
Trades at a P/E of 16.3, below the sector median of 27.4.
Maintains a net profit margin of 45.6%.
Carries low leverage with a debt-to-equity ratio of 0.19.
Offers a dividend yield of 12.56%.
Recent Developments
- Dec 2025 Revenue of $265.95M (-13.8% YoY); net profit $118.25M.
- Trailing 12 Months Year-on-year growth — revenue -3.8%, earnings +-0.0%.
- 5-Year Trend Long-term compounding — revenue CAGR 59.3%, profit CAGR 12.5%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 59.28% |
| 1 Year: | -3.80% |
Compounded Profit Growth
| 5 Years: | 12.46% |
| 1 Year: | -0.00% |
Stock Price Performance
| 1 Year: | +30.70% |
| 6 Months: | +34.88% |
| 3 Months: | +29.62% |
| 1 Month: | +6.35% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)66.52 · Neutral
P/E of 16.26 is below the sector median of 27.36 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Excellent profit margin of 45.6%.
- Compounding revenue at 59.3% over 5 years.
- Profit CAGR of 12.5% over 5 years.
- Attractive dividend yield of 12.56%.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Real Estate).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | IIPR Innovative Industrial Properties, Inc. R2K | 63.72 | 16.26 | $1.85B | 12.56% | - | 6.29% | 59.28% | 12.46% |
| 2 | WELL Welltower Inc. SPX | 236.00 | 113.46 | $166.60B | 1.25% | 0.26% | 3.67% | 22.69% | 87.90% |
| 3 | PLD Prologis, Inc. SPX | 142.49 | 35.71 | $132.85B | 2.88% | - | 6.84% | 14.83% | 36.55% |
| 4 | EQIX Equinix, Inc. SPX | 1,023.54 | 70.74 | $100.95B | 1.87% | 5.10% | 10.06% | 16.33% | 16.02% |
| 5 | AMT American Tower Corporation SPX | 168.83 | 27.23 | $78.66B | 3.73% | 7.82% | 29.95% | 3.34% | 12.73% |
| 6 | SPG Simon Property Group, Inc. SPX | 221.28 | 15.38 | $71.76B | 4.02% | - | 113.59% | 3.14% | 14.02% |
| 7 | DLR Digital Realty Trust, Inc. SPX | 173.11 | 45.80 | $60.83B | 2.65% | - | 5.69% | 15.18% | 18.41% |
| 8 | O Realty Income Corporation SPX | 63.77 | 52.27 | $59.47B | 5.18% | - | 2.83% | 24.73% | 13.04% |
| 9 | PSA Public Storage SPX | 318.93 | 32.95 | $55.99B | 3.68% | - | 20.18% | 5.67% | 7.85% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2017 | Jun 2017 | Sep 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | 1.29M | 1.56M | 2.76M | 3.31M | 3.93M | 4.78M | 6.82M | 8.62M | 11.55M | 17.67M | 21.13M | 24.35M | 34.33M | 37.09M | 42.88M | 48.87M | 53.86M | 64.50M | 70.51M | 70.88M | 76.07M | 76.46M | 77.83M | 75.45M | 79.79M | 76.53M | 71.72M | 62.89M | 64.69M | 69.00M |
| Operating Income | -626.00K | -465.00K | 295.00K | 724.00K | 1.24M | 1.57M | 1.81M | 3.44M | 4.07M | 6.82M | 10.60M | 12.28M | 14.18M | 20.42M | 22.86M | 27.68M | 32.94M | 36.29M | 39.88M | 44.14M | 41.36M | 43.36M | 43.42M | 43.85M | 42.03M | 42.35M | 41.96M | 33.96M | 28.90M | 29.41M | 32.91M |
| Net Income | -591.00K | -422.00K | 334.00K | 945.00K | 1.54M | 1.83M | 2.67M | 3.64M | 3.41M | 6.52M | 9.90M | 11.87M | 13.31M | 19.21M | 21.33M | 25.93M | 29.34M | 30.09M | 35.05M | 40.21M | 37.62M | 41.09M | 41.27M | 41.59M | 39.43M | 41.99M | 40.22M | 31.08M | 26.02M | 29.30M | 32.81M |
| Diluted EPS | -0.18 | -0.13 | 0.09 | 0.09 | 0.17 | 0.21 | 0.24 | 0.33 | 0.30 | 0.55 | 0.78 | 0.72 | 0.73 | 0.86 | 0.91 | 1.05 | 1.17 | 1.20 | 1.32 | 1.42 | 1.32 | 1.43 | 1.44 | 1.45 | 1.36 | 1.44 | 1.37 | 1.03 | 0.86 | 0.97 | 1.02 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.42M | 14.79M | 44.67M | 116.90M | 204.55M | 276.36M | 309.51M | 308.52M | 265.95M |
| Operating Income | -223.00K | 5.34M | 24.93M | 69.74M | 135.37M | 169.62M | 174.59M | 168.34M | 124.12M |
| Net Income | -72.00K | 6.99M | 23.48M | 65.73M | 113.99M | 154.39M | 165.59M | 161.66M | 118.25M |
| Diluted EPS | -0.13 | 0.75 | 2.03 | 3.27 | 4.55 | 5.52 | 5.77 | 5.52 | 3.93 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Jun 2016 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | 63.33M | 80.03M | 281.47M | 745.86M | 1.77B | 2.08B | 2.41B | 2.39B | 2.38B | 2.37B |
| Total Equity | 0 | 60.44M | 73.55M | 264.29M | 548.01M | 1.52B | 1.61B | 1.96B | 1.95B | 1.94B | 1.85B |
| Cash & Equivalents | 0 | 33.00M | 11.76M | 13.05M | 82.24M | 126.01M | 81.10M | 87.12M | 140.25M | 146.25M | 47.60M |
| Long Term Debt | - | - | - | - | 134.65M | - | - | - | - | - | 393.71M |
| Total Liabilities | - | 2.89M | 6.48M | 17.17M | 197.85M | 243.11M | 472.90M | 452.94M | 438.12M | 441.99M | 522.85M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 5.01M | 15.69M | 44.93M | 110.81M | 188.75M | 234.13M | 255.54M | 258.45M | 198.19M |
| Investing Cash Flow | -38.65M | -199.25M | -340.63M | -1.03B | -384.09M | -396.20M | -6.79M | -56.00M | -174.30M |
| Financing Cash Flow | 12.38M | 184.85M | 399.96M | 924.99M | 155.76M | 164.22M | -195.63M | -197.90M | -122.54M |
| Share Buybacks | 0 | - | - | - | - | - | 0 | 0 | 20.11M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - |
| Operating Margin % | -3.5% | 36.1% | 55.8% | 59.7% | 66.2% | 61.4% | 56.4% | 54.6% | 46.7% |
| Net Margin % | -1.1% | 47.2% | 52.6% | 56.2% | 55.7% | 55.9% | 53.5% | 52.4% | 44.5% |
| ROE % | -0.1% | 2.6% | 4.3% | 4.3% | 7.1% | 7.9% | 8.5% | 8.3% | 6.4% |
| ROCE % | - | - | - | - | - | - | - | - | - |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 16.62% | 4.78M | $300.39M |
| 2 | Vanguard Portfolio Management LLC | 9.48% | 2.73M | $171.44M |
| 3 | State Street Corporation | 5.51% | 1.59M | $99.68M |
| 4 | Vanguard Capital Management LLC | 4.32% | 1.24M | $78.04M |
| 5 | Charles Schwab Investment Management, Inc. | 1.99% | 573.63K | $36.04M |
| 6 | Arrowstreet Capital, Limited Partnership | 1.88% | 539.60K | $33.90M |
| 7 | Goldman Sachs Group Inc | 1.88% | 541.92K | $34.04M |
| 8 | Mirae Asset Global ETFs Holdings Ltd. | 1.79% | 516.11K | $32.42M |
| 9 | Invesco Ltd. | 1.72% | 496.08K | $31.16M |
| 10 | Point72 Asset Management, L.P. | 1.62% | 464.91K | $29.21M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for IIPR
Innovative Industrial Properties (IIPR) Stock Valuation After Upsized US$350m Exchangeable Notes Offering - Yahoo Finance
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Innovative Industrial Properties: Cannabis Rescheduling Progress Reinforces The Re-Rating Thesis - Seeking Alpha
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Is Innovative Industrial Properties (IIPR) Cheap Following Its Dividend Affirmation And Index Removal? - simplywall.st
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IIP raises $128M, signs 389,000 square feet of leases in 2026 - Stock Titan
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Innovative Industrial Properties (IIPR) Stock Declines While Market Improves: Some Information for Investors - Yahoo Finance
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Innovative Industrial Properties: The 13% Yield Just Got De-Risked, Yet The Market Is Asleep - Seeking Alpha
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IIPR — Frequently Asked Questions
What is the current share price of Innovative Industrial Properties, Inc. (IIPR)?
As of 2026-07-14 21:23 PDT, Innovative Industrial Properties, Inc. (IIPR) trades at $63.72 on NYSE. Its 52-week range is $39.74 to $64.44.
What is the market capitalisation of IIPR?
Innovative Industrial Properties, Inc. (IIPR) has a market capitalisation of $1.85B on NYSE.
What is the P/E ratio of IIPR?
IIPR trades at a trailing price-to-earnings (P/E) ratio of 16.26. The industry average P/E is 27.36. Its price-to-book (P/B) ratio is 0.96.
Does IIPR pay a dividend?
Innovative Industrial Properties, Inc. (IIPR) currently offers a dividend yield of 12.56%.
What is the return on equity (ROE) of IIPR?
IIPR has a return on equity (ROE) of 6.29%.
Is IIPR a good stock to buy?
This page provides a data-driven analysis of Innovative Industrial Properties, Inc. (IIPR), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.