IIPR
Innovative Industrial Properties Inc
NYSE: IIPR · REAL ESTATE · REIT - INDUSTRIAL
$56.49
+0.27% today
Updated 2026-06-05
Market cap
$1.77B
P/E ratio
15.60
P/S ratio
6.74x
EPS (TTM)
$3.92
Dividend yield
12.40%
52W range
$41 – $63
Volume
0.4M
WallStSmart proprietary scores
54
out of 100
Grade: C
Hold
Investment rating
2.7
Growth
F6.0
Quality
B7.5
Profitability
B+6.0
Valuation
B3/9
Piotroski F-Score
Weak
2.1
Altman Z-Score
Grey zone
—
Industry rank
—
View all highly rated stocks (75+) →202 stocks currently score above 75
Price targets
Analyst target
$61.75
+9.31%
12-Month target
$41.88
-25.86%
Intrinsic (DCF)
—
Margin of safety
—
0 Strong Buy1 Buy4 Hold0 Sell1 Strong Sell
Price chart
Stock snapshot
Strengths
+ Profit margin 45.60% — above average
+ Free cash flow $53.08M — positive
+ Debt/equity 0.19x — low leverage
Risks
- Piotroski 3/9 — weak financial health
- Revenue declining -3.80% QoQ
Key financials
Revenue Net Income Free Cash Flow
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $276.36M | $309.51M | $308.52M | $265.95M | $263.23M |
| Net income | $154.39M | $165.59M | $161.66M | $114.44M | $32.81M |
| EPS | — | — | — | — | $3.92 |
| Free cash flow | $-289.84M | $105.45M | $176.70M | $174.76M | $53.08M |
| Profit margin | 55.86% | 53.50% | 52.40% | 43.03% | 45.60% |
Peer comparison
Smart narrative
Innovative Industrial Properties Inc trades at $56.49. representing a P/E of 15.60x trailing earnings. Our Smart Value Score of 54/100 indicates the stock is fair. The company scores 3/9 on the Piotroski F-Score. With an Altman Z-Score of 2.10, it sits in the grey zone. TTM revenue stands at $263.23M. with profit margins at 45.60%.
Frequently asked questions
What is Innovative Industrial Properties Inc's stock price?
Innovative Industrial Properties Inc (IIPR) trades at $56.49, on a P/E of 15.6x and a P/S of 6.7x. Those multiples show what the market is paying for each dollar of earnings and sales, which is the real starting point for judging whether the price is reasonable.
Is Innovative Industrial Properties Inc overvalued?
Innovative Industrial Properties Inc carries a Smart Value Score of 54/100 (Grade C), which we rate Hold. That score blends growth, quality, and valuation into one read.
What is the price target of Innovative Industrial Properties Inc (IIPR)?
The 12-month analyst consensus target is $61.75, about 9.3% above the current $56.49. A consensus target is the average of Wall Street's 12-month forecasts, so it works as a sentiment gauge rather than a guarantee, and it resets with every earnings cycle.
What is Innovative Industrial Properties Inc's revenue?
Innovative Industrial Properties Inc's trailing twelve-month revenue is $263.23M. Revenue scale anchors the valuation multiples and shows whether growth is reaching the top line, so it is best read alongside margin and growth trends to see if that revenue is getting more profitable over time.
Altman Z-Score?
Innovative Industrial Properties Inc's Altman Z-Score is 2.10, which places it in the grey zone. The Altman Z-Score gauges bankruptcy risk from profitability, leverage, and asset efficiency, and a higher reading points to lower financial distress risk.
Company info
SectorREAL ESTATE
IndustryREIT - INDUSTRIAL
CountryUSA
ExchangeNYSE
CurrencyUSD
Quick metrics
P/S ratio6.74x
ROE6.29%
Beta1.45
50D MA$56.83
200D MA$52.91
Shares out0.03B
Float0.03B
Short ratio—
Avg volume0.4M
Performance
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