Stock AnalizInnovative Industrial Properties Inc. IIPR
Real Estate · IPO 2016 · data as of November 13, 2026
Innovative Industrial Properties Inc. (IIPR) is a financial company listed in the US with a market value of about $1.5B. In the twelve months to September 30, 2026 it had revenue of $264M and net income of $140M, a net margin of 53.2%.
Its overall Stock Analiz score is 2.6 out of 5 (average). The strongest part is value (4/5); the weakest is future growth (0/5).
Key numbers: a P/E of 12.0, a price to free cash flow of 7.3, 5-year revenue growth of 18% a year, a 5-year average ROIC of 6%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 4% above the current price.
Score: 2.6 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- 5-year revenue growth above 8% a year
- Profitable 5 years in a row
- More cash than debt, or low debt to equity
- Positive free cash flow
Checks not passed
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year average ROIC above 12%
Valuation
Growth and quality
Financials, last 9 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $264M | $266M | $309M | $310M | $276M | $205M | $117M | $45M | $15M | $6M |
| Net income | $140M | $118M | $162M | $166M | $154M | $114M | $66M | $23M | $7M | -$72000 |
| Free cash flow | $200M | — | — | — | — | — | — | — | — | -$896000 |
| EPS (diluted) | $4.43 | $3.93 | $5.52 | $5.77 | $5.52 | $4.55 | $3.27 | $2.03 | $0.75 | $-0.13 |
| Net margin | 53.2% | 44.5% | 52.4% | 53.5% | 55.9% | 55.7% | 56.2% | 52.6% | 47.2% | -1.1% |
| ROIC | — | 4.4% | 6.9% | 7.1% | 6.8% | 6.6% | 3.6% | 2.9% | 1.6% | -0.2% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 5 analysts is $62.15, 17% above the current price; targets range from $46.00 to $90.00; the consensus rating is “Buy”; expected EPS is $4.28 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Innovative Industrial Properties’s P/E ratio?
About 12.0, based on the last twelve months of diluted earnings per share (forward P/E about 13.4).
Is Innovative Industrial Properties stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 4% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Innovative Industrial Properties pay a dividend?
Yes. The dividend yield is about 14.33%, and it has paid dividends for 9 years in our data.
Is Innovative Industrial Properties a good stock to buy?
We do not give buy or sell advice. Innovative Industrial Properties scores 2.6 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.