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Upturn AI SWOT - About
IIPR 
Innovative Industrial Properties Inc (IIPR)
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Upturn Advisory Summary
10/14/2025: IIPR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
6 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $57
1 Year Target Price $57
| 1 | Strong Buy |
| 1 | Buy |
| 2 | Hold |
| 1 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 17.19% | Avg. Invested days 54 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/14/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.47B USD | Price to earnings Ratio 11.32 | 1Y Target Price 57 |
Price to earnings Ratio 11.32 | 1Y Target Price 57 | ||
Volume (30-day avg) 6 | Beta 1.66 | 52 Weeks Range 42.41 - 120.36 | Updated Date 10/14/2025 |
52 Weeks Range 42.41 - 120.36 | Updated Date 10/14/2025 | ||
Dividends yield (FY) 14.84% | Basic EPS (TTM) 4.63 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 47.71% | Operating Margin (TTM) 45.95% |
Management Effectiveness
Return on Assets (TTM) 4.03% | Return on Equity (TTM) 7.18% |
Valuation
Trailing PE 11.32 | Forward PE 14.04 | Enterprise Value 1814243671 | Price to Sales(TTM) 5.1 |
Enterprise Value 1814243671 | Price to Sales(TTM) 5.1 | ||
Enterprise Value to Revenue 6.3 | Enterprise Value to EBITDA 8 | Shares Outstanding 28022699 | Shares Floating 27569292 |
Shares Outstanding 28022699 | Shares Floating 27569292 | ||
Percent Insiders 1.58 | Percent Institutions 71.08 |
Upturn AI SWOT
Innovative Industrial Properties Inc
Company Overview
History and Background
Innovative Industrial Properties, Inc. (IIPR) was founded in 2016 as a real estate investment trust (REIT) focused on the regulated cannabis industry. It went public in December 2016, becoming the first publicly traded company on the NYSE focused on cannabis-related real estate. IIPR's early years involved acquiring and leasing properties to licensed cannabis operators, rapidly expanding its portfolio across multiple states.
Core Business Areas
- Real Estate Investment: Acquisition, ownership, and management of specialized industrial properties leased to state-licensed cannabis operators. These properties are used for cultivation, processing, and other cannabis-related activities.
- Lease Agreements: Entering into long-term, triple-net lease agreements with cannabis operators, providing a steady stream of rental income. Lease terms typically range from 10 to 20 years.
- Property Management: Active management of its property portfolio, including ensuring compliance with state and local regulations and providing tenant support.
Leadership and Structure
The leadership team includes Paul Smithers (President and CEO). IIPR operates as a REIT, with a board of directors overseeing strategic decisions and governance.
Top Products and Market Share
Key Offerings
- Industrial Properties: IIPR's primary offering is the lease of specialized industrial properties suitable for cannabis cultivation and processing. Market share data is difficult to pinpoint precisely, but IIPR is considered a leader in cannabis REITs. Competitors include other cannabis REITs like NewLake Capital Partners (NLCP), AFC Gamma (AFCG), and free-market finance options.
Market Dynamics
Industry Overview
The cannabis industry is experiencing growth, but regulatory uncertainty and market fluctuations exist. The industry faces competition and varying state regulations.
Positioning
IIPR is positioned as a leading provider of real estate capital to the cannabis industry, focusing on long-term lease agreements and strategic property acquisitions. Its competitive advantage lies in its early mover advantage and established relationships.
Total Addressable Market (TAM)
The estimated total addressable market (TAM) is tens of billions of dollars, encompassing all real estate used for legal cannabis operations. IIPR is positioned to capture a substantial portion of this market through strategic property acquisitions and long-term lease agreements.
Upturn SWOT Analysis
Strengths
- First-mover advantage
- Long-term lease agreements
- Diversified geographic presence
- Experienced management team
- REIT structure providing tax advantages
Weaknesses
- Concentration in the cannabis industry
- Regulatory risks specific to cannabis
- Tenant credit risk
- High dependence on rental income
- Potential for dilution through equity offerings
Opportunities
- Expansion into new states with legalized cannabis
- Acquisition of distressed cannabis assets
- Diversification into other regulated industries
- Development of new property types for cannabis operators
- Partnerships with leading cannabis companies
Threats
- Federal legalization of cannabis leading to increased competition
- Changes in state cannabis regulations
- Economic downturn impacting tenant profitability
- Increased competition from other REITs and financial institutions
- Difficulty in raising capital
Competitors and Market Share
Key Competitors
- NLCP
- AFCG
Competitive Landscape
IIPR's advantages include its first-mover status and established relationships, while disadvantages may involve tenant concentration.
Major Acquisitions
The Pharm MD LLC
- Year: 2021
- Acquisition Price (USD millions): 24.2
- Strategic Rationale: Expands IIPR's portfolio in Maryland, leasing it back to the Pharm MD LLC.
Growth Trajectory and Initiatives
Historical Growth: IIPR experienced rapid growth in its early years due to the expansion of the cannabis industry.
Future Projections: Future growth is subject to analyst estimates and market conditions.
Recent Initiatives: Recent initiatives involve property acquisitions and strategic investments.
Summary
Innovative Industrial Properties (IIPR) is a real estate investment trust focused on the cannabis industry. The company's strengths include its first-mover advantage and long-term lease agreements, but it faces weaknesses like dependence on the cannabis industry and regulatory risks. Opportunities exist through expansion into new states, but threats include federal legalization and increased competition. Overall, IIPR's success is tied to the regulated cannabis industry and careful property management.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Industry Publications
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be made based on individual circumstances and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Innovative Industrial Properties Inc
Exchange NYSE | Headquaters Park City, UT, United States | ||
IPO Launch date 2016-12-01 | President, CEO & Director Mr. Paul E. Smithers | ||
Sector Real Estate | Industry REIT - Industrial | Full time employees 23 | |
Full time employees 23 | |||
Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated cannabis facilities.
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