Innovative Industrial Properties Inc
As used herein, the terms we , us , our or the Company refer to Innovative Industrial Properties, Inc., a Maryland corporation, and any of our subsidiaries, including IIP Operating Partnership, LP, a Delaware limited partnership (our Operating Partnership ). We are an internally-managed REIT focused on the acquisition, ownership and management of specialized industrial and commercial properties…
$52.58
-$0.19 (-0.36%)
EOD Oct 21, 2026
44.46% net margin is above average for a financial institution, suggesting strong underwriting or fee income alongside controlled credit costs.
Revenue declined 13.8% YoY. For a bank, this often signals contracting loan book or reduced fee income.
Net income declined 27% YoY, profitability momentum has weakened.
11.9x earnings. In line with financial-sector norms. The question is whether the current credit environment supports sustained earnings at this level.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$264M
▼ -13.8% YoY
Net Income (TTM)
$138M
▼ -26.9% YoY
Net Margin
52.27%
P/E
11.9x
Balance Sheet
Total Assets
$2.58B
Equity
$1.85B
Total Debt
$609M
Cash & Equiv.
$205M
5Y CAGR: +17.9%
Continue Research
SourceComputed from the 10-Q filed 4 Aug 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 14 Oct 2026. How this is calculated.
Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Innovative Industrial Properties (IIPR) overvalued?
At a P/E of 11.9, Innovative Industrial Properties (IIPR)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Innovative Industrial Properties scores 35/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 14.9%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Innovative Industrial Properties a high-quality business?+
Innovative Industrial Properties scores 35 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 51.4% operating margin and a 5.0% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Innovative Industrial Properties (IIPR) pay a dividend, and how much?+
Yes, Innovative Industrial Properties pays a regular dividend of about $7.19 per share per year (typically in quarterly installments), a yield of roughly 14.9% at the current price. That is a payout ratio of about 156.6% of earnings, so the dividend is stretched at this level. Innovative Industrial Properties has grown the dividend at roughly 13.4% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For IIPR's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Innovative Industrial Properties a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh IIPR's valuation and scores 35/100 on quality (lower-quality). It also yields about 14.9%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Real Estate
Spot a number that looks wrong? Check it in IIPR's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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