WallStSmart
IIPR

Innovative Industrial Properties Inc

NYSE: IIPR · REAL ESTATE · REIT - INDUSTRIAL

$56.49
-1.40% today

Updated 2026-05-11

Market cap
$1.56B
P/E ratio
13.87
P/S ratio
5.85x
EPS (TTM)
$3.93
Dividend yield
14.00%
52W range
$41 – $58
Volume
0.3M

WallStSmart proprietary scores

52
out of 100
Grade: C
Hold
Investment rating
2.0
Growth
F
5.0
Quality
C+
7.5
Profitability
B+
6.0
Valuation
B
/9
Piotroski F-Score
Altman Z-Score
Industry rank
View all highly rated stocks (75+) →198 stocks currently score above 75

Price targets

Analyst target
$58.75
+4.00%
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 44.50% — above average
+ Free cash flow $53.08M — positive
Risks
- Revenue declining -13.10% QoQ

Key financials

Revenue Net Income Free Cash Flow
Metric2022202320242025TTM
Revenue$276.36M$309.51M$308.52M$265.95M$265.95M
Net income$154.39M$165.59M$161.66M$114.44M$32.81M
EPS$3.93
Free cash flow$-289.84M$105.45M$176.70M$174.76M$53.08M
Profit margin55.86%53.50%52.40%43.03%44.50%

Peer comparison

CompanyMkt CapScoreGrowthProfitValueQualityMoSRating
IIPR$1.56B522.07.56.05.0Buy
WELL$150.32B5710.05.52.06.5-56.78%Buy
PLD$132.66B638.07.05.35.0+45.95%Buy
EQIX$105.21B546.76.52.03.5-33.43%Buy
AMT$82.24B726.79.06.03.8+17.37%Strong Buy
SPG$76.66B677.39.04.04.5-18.01%Strong Buy

Smart narrative

Innovative Industrial Properties Inc trades at $56.49. representing a P/E of 13.87x trailing earnings. Our Smart Value Score of 52/100 indicates the stock is fair. TTM revenue stands at $265.95M. with profit margins at 44.50%.

Frequently asked questions

What is Innovative Industrial Properties Inc's stock price?
Innovative Industrial Properties Inc (IIPR) trades at $56.49.
Is Innovative Industrial Properties Inc overvalued?
Smart Value Score 52/100 (Grade C, Hold).
What is the price target of Innovative Industrial Properties Inc (IIPR)?
The analyst target price is $58.75, representing +4.0% upside from the current price of $56.49.
What is Innovative Industrial Properties Inc's revenue?
TTM revenue is $265.95M.

Company info

SectorREAL ESTATE
IndustryREIT - INDUSTRIAL
CountryUSA
ExchangeNYSE
CurrencyUSD

Quick metrics

P/S ratio5.85x
ROE6.25%
Beta1.45
50D MA$52.44
200D MA$52.05
Shares out0.03B
Float0.03B
Short ratio
Avg volume0.3M

Performance

1 week
1 month
3 months
YTD
1 year
3 years
5 years