Innovative Industrial Properties Inc (IIPR)vsIron Mountain Incorporated (IRM)
IIPR
Innovative Industrial Properties Inc
$61.19
+0.27%
REAL ESTATE · Cap: $1.77B
IRM
Iron Mountain Incorporated
$133.07
-4.29%
REAL ESTATE · Cap: $38.85B
Smart Verdict
WallStSmart Research — data-driven comparison
Iron Mountain Incorporated generates 2652% more annual revenue ($7.25B vs $263.23M). IIPR leads profitability with a 45.6% profit margin vs 3.8%. IIPR trades at a lower P/E of 15.6x. IRM earns a higher WallStSmart Score of 64/100 (C+).
IIPR
Buy54
out of 100
Grade: C-
IRM
Buy64
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Intrinsic value data unavailable for IIPR.
Margin of Safety
-41.1%
Fair Value
$71.02
Current Price
$133.07
$62.05 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Keeps 46 of every $100 in revenue as profit
Strong operational efficiency at 49.8%
Conservative balance sheet, low leverage
Attractively priced relative to earnings
Every $100 of equity generates 225 in profit
Earnings expanding 860.0% YoY
Conservative balance sheet, low leverage
Strong operational efficiency at 21.0%
Revenue surging 21.6% year-over-year
Areas to Watch
0.0% earnings growth
Smaller company, higher risk/reward
ROE of 6.3% — below average capital efficiency
Weak financial health signals
3.8% margin — thin
Weak financial health signals
Expensive relative to growth rate
Premium valuation, high expectations priced in
Comparative Analysis Report
WallStSmart ResearchBull Case : IIPR
The strongest argument for IIPR centers on Price/Book, Profit Margin, Operating Margin. Profitability is solid with margins at 45.6% and operating margin at 49.8%.
Bull Case : IRM
The strongest argument for IRM centers on Return on Equity, EPS Growth, Debt/Equity. Revenue growth of 21.6% demonstrates continued momentum.
Bear Case : IIPR
The primary concerns for IIPR are EPS Growth, Market Cap, Return on Equity.
Bear Case : IRM
The primary concerns for IRM are Profit Margin, Piotroski F-Score, PEG Ratio. A P/E of 143.5x leaves little room for execution misses. Thin 3.8% margins leave little buffer for downturns.
Key Dynamics to Monitor
IIPR profiles as a declining stock while IRM is a growth play — different risk/reward profiles.
IIPR carries more volatility with a beta of 1.45 — expect wider price swings.
IRM is growing revenue faster at 21.6% — sustainability is the question.
IIPR generates stronger free cash flow (53M), providing more financial flexibility.
Bottom Line
IRM scores higher overall (64/100 vs 54/100) and 21.6% revenue growth. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
Innovative Industrial Properties Inc
REAL ESTATE · REIT - INDUSTRIAL · USA
Innovative Industrial Properties, Inc. is a self-advising Maryland corporation focused on acquiring, owning, and managing specialty properties leased to experienced state-licensed operators for their regulated medical cannabis facilities.
Iron Mountain Incorporated
REAL ESTATE · REIT - SPECIALTY · USA
Iron Mountain Inc. (NYSE: IRM) is an American enterprise information management services company founded in 1951 and headquartered in Boston, Massachusetts.
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