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Innovative Industrial Properties Inc

Real Estate US IIPR

53.57USD
-0.97(1.78%)

Last update at 2026-03-10T20:00:00Z

Day Range

53.4255.00
LowHigh

52 Week Range

60.40107.55
LowHigh

Fundamentals

  • Previous Close 54.54
  • Market Cap2780.99M
  • Volume224697
  • P/E Ratio17.13
  • Dividend Yield7.20%
  • EBITDA238.18M
  • Revenue TTM300.81M
  • Revenue Per Share TTM10.76
  • Gross Profit TTM 265.84M
  • Diluted EPS TTM5.79

Source: TradingView
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Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 154.39M 113.99M 65.73M 23.48M 6.99M
Minority interest - - - - -
Net income 154.39M 113.99M 65.73M 17.17M 6.99M
Selling general administrative 38.52M 22.96M 14.18M 9.82M 6.38M
Selling and marketing expenses - - - - -
Gross profit 265.84M 200.11M 111.94M 43.35M 14.34M
Reconciled depreciation 61.30M 41.78M 28.02M 8.60M 2.63M
Ebit 169.62M 135.37M 69.74M 24.93M 5.34M
Ebitda 230.51M 177.54M 101.19M 38.38M 7.97M
Depreciation and amortization 60.90M 42.17M 31.45M 13.45M 2.63M
Non operating income net other - -3.29500M 3.42M 4.85M 1.65M
Operating income 169.62M 135.37M 69.74M 24.93M 5.34M
Other operating expenses 110.34M 69.18M 47.16M 19.73M 9.45M
Interest expense 18.30M 18.09M 7.43M 6.31M 1.65M
Tax provision - - - - -
Interest income 3.19M 0.40M 3.42M 4.85M 1.65M
Net interest income -15.10600M -17.68900M -4.00700M -1.46000M 1.65M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense -3.47600M 18.09M 7.43M 6.31M -3.29400M
Total revenue 276.36M 204.55M 116.90M 44.67M 14.79M
Total operating expenses 99.82M 64.74M 42.21M 18.42M 9.00M
Cost of revenue 10.52M 4.44M 4.95M 1.31M 0.45M
Total other income expense net -15.23100M -21.38100M -4.00700M -1.46000M 1.65M
Discontinued operations - - - - -
Net income from continuing ops 154.39M 113.99M 65.73M 23.48M 6.99M
Net income applicable to common shares 152.20M 112.64M 64.38M 22.12M 5.63M
Preferred stock and other adjustments - 1.35M 1.35M 1.35M 1.35M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 2414.84M 2084.60M 1768.08M 745.86M 281.47M
Intangible assets 9.11M 9.15M - - -
Earning assets - - - - -
Other current assets 1.45M 5.32M - 35.07M -
Total liab 452.94M 472.90M 243.11M 197.85M 17.17M
Total stockholder equity 1961.89M 1611.70M 1524.97M 548.01M 264.29M
Deferred long term liab - - - - -
Other current liab 50.84M 38.85M 30.07M 12.97M 3.76M
Common stock 0.03M 0.03M 0.02M 0.01M 0.01000M
Capital stock 14.04M 14.04M 14.03M 14.02M 14.02M
Retained earnings -117.39200M -75.21800M -48.12000M -19.94400M 0.00000M
Other liab 88.12M 100.25M 70.65M 45.60M 11.45M
Good will - - - - -
Other assets 2102.97M 2059.35M 1642.08M 1.88M 0.61M
Cash 87.12M 81.10M 126.01M 82.24M 13.05M
Cash and equivalents 87.12M 81.10M 126.01M - -
Total current liabilities 149.55M 145.64M 105.36M 61.99M 17.17M
Current deferred revenue 58.72M 52.80M 34.15M 20.63M 9.01M
Net debt 214.37M 245.00M 11.74M 53.61M -13.05000M
Short term debt 0.00000M 0.00000M 0.00000M - -
Short long term debt - - - - -
Short long term debt total 301.50M 326.09M 137.75M 135.86M -
Other stockholder equity 2065.25M 1672.88M 1559.06M 553.93M 250.27M
Property plant equipment 2068.02M 1641.23M 1020.04M 505.86M 147.36M
Total current assets 106.59M 99.33M 126.01M 117.32M 133.49M
Long term investments 200.94M 12.92M 619.27M 119.59M 120.44M
Net tangible assets 1937.82M 1588.54M 1510.96M 534.00M 250.28M
Short term investments 239.67M 309.44M 619.27M 119.59M 120.44M
Net receivables 18.02M 12.92M - - -
Long term debt 301.50M 326.09M 136.69M 134.65M -
Inventory - - - - -
Accounts payable 39.99M 53.99M 41.14M 28.39M 4.40M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - - -
Additional paid in capital - - - - -
Common stock total equity - 0.03M 0.02M 0.01M 0.01000M
Preferred stock total equity - 14.01M 14.01M 14.01M 14.01M
Retained earnings total equity - -75.21800M - -19.94400M -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 2096.46M 10.00M 1021.82M 507.74M 147.97M
Deferred long term asset charges - - - - -
Non current assets total 2308.24M 1985.27M 1642.08M 628.54M 147.97M
Capital lease obligations - - 1.06M 1.20M -
Long term debt total 301.50M 326.09M 136.69M 134.65M -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -396.20100M -367.40000M -1026.91500M -339.98000M -199.25500M
Change to liabilities 8.63M 3.10M 1.22M 1.43M 5.74M
Total cashflows from investing activities -396.20100M -384.09300M -1027.11500M -340.63000M -199.25500M
Net borrowings - 293.14M 300.00M 138.54M 138.54M
Total cash from financing activities 164.22M 155.76M 924.99M 399.96M 184.85M
Change to operating activities -3.50600M -3.68700M -0.42800M -0.61900M -0.17300M
Net income 154.39M 113.99M 65.73M 23.48M 6.99M
Change in cash 2.15M -39.58700M 8.69M 104.27M 1.29M
Begin period cash flow 86.42M 126.01M 117.32M 13.05M 11.76M
End period cash flow 88.57M 86.42M 126.01M 117.32M 13.05M
Total cash from operating activities 234.13M 188.75M 110.81M 44.93M 15.69M
Issuance of capital stock 351.96M 0.00000M 1003.97M 286.29M 193.22M
Depreciation 61.30M 41.78M 28.02M 8.60M 2.63M
Other cashflows from investing activities 127.77M -16.69300M -0.20000M -0.65000M -0.65000M
Dividends paid -183.94300M -132.30600M -76.81600M -23.93600M 6.64M
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock 351.96M - 1003.97M 286.29M 193.22M
Other cashflows from financing activities -3.79300M 288.06M -2.16600M 137.61M -1.72700M
Change to netincome 11.97M 12.40M 3.49M 2.50M 1.47M
Capital expenditures 523.97M 662.13M 529.83M 343.92M 57.47M
Change receivables - - - - -
Cash flows other operating - 14.62M 10.30M 7.26M -1.12800M
Exchange rate changes - - - - -
Cash and cash equivalents changes - -39.58700M 8.69M 104.27M 1.29M
Change in working capital -215.68900M 18.07M 14.32M 12.43M 5.57M
Stock based compensation 17.51M 8.62M 3.33M 2.50M 1.47M
Other non cash items 216.62M 6.64M 2.20M 1.68M -0.95500M
Free cash flow 234.13M 188.75M -419.01200M -298.98200M 15.69M

Peer Comparison

Sector: Real Estate Industry: REIT - Industrial

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
IIPR
Innovative Industrial Properties Inc		 -0.97 1.78% 53.57 17.13 17.15 9.31 1.43 9.84 11.92
PLD
Prologis Inc		 1.01 0.75% 136.16 42.17 52.08 14.75 2.25 18.70 23.08
PSA
Public Storage		 -0.49 0.16% 305.99 27.33 27.32 11.54 8.95 14.45 20.02
PLDGP
Prologis Inc		 0.10 0.19% 52.86 10.93 - 5.05 -
EXR
Extra Space Storage Inc		 0.39 0.27% 146.68 28.98 28.74 14.47 2.23 19.14 26.72

Reports Covered

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Profile

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.

Innovative Industrial Properties Inc

1389 Center Drive, Park City, UT, United States, 84098

Key Executives

Name Title Year Born
Mr. Alan D. Gold Exec. Chairman 1960
Mr. Paul E. Smithers Pres, CEO & Director 1957
Ms. Catherine Hastings CPA CFO & Treasurer 1971
Mr. Brian J. Wolfe VP, Gen. Counsel & Company Sec. 1976
Mr. Andy Bui VP & Chief Accounting Officer 1982
Mr. Ben Regin Director of Investments & Fin. NA
Mr. Griffin Marquardt Director of Construction Management NA

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