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IIPR
Upturn stock ratingUpturn stock rating

Innovative Industrial Properties Inc (IIPR)

Upturn stock ratingUpturn stock rating
$55.22
Last Close (24-hour delay)
Profit since last BUY-1.32%
upturn advisory
Consider higher Upturn Star rating
BUY since 8 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

06/30/2025: IIPR (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

ratingratingratingratingrating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

6 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Year Target Price $65.6

Year Target Price $65.6

Analyst’s Price TargetsFor last 52 week
$65.6Target price
Low$43.93
Current$55.22
high$124.69

Analysis of Past Performance

Type Stock
Historic Profit 24.21%
Avg. Invested days 58
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.60B USD
Price to earnings Ratio 11.01
1Y Target Price 65.6
Price to earnings Ratio 11.01
1Y Target Price 65.6
Volume (30-day avg) 6
Beta 1.74
52 Weeks Range 43.93 - 124.69
Updated Date 06/30/2025
52 Weeks Range 43.93 - 124.69
Updated Date 06/30/2025
Dividends yield (FY) 13.31%
Basic EPS (TTM) 5.19

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 50.3%
Operating Margin (TTM) 52.27%

Management Effectiveness

Return on Assets (TTM) 4.42%
Return on Equity (TTM) 7.91%

Valuation

Trailing PE 11.01
Forward PE 14.43
Enterprise Value 1794308400
Price to Sales(TTM) 5.25
Enterprise Value 1794308400
Price to Sales(TTM) 5.25
Enterprise Value to Revenue 5.89
Enterprise Value to EBITDA 7.42
Shares Outstanding 28011200
Shares Floating 27557727
Shares Outstanding 28011200
Shares Floating 27557727
Percent Insiders 1.58
Percent Institutions 73.7

Analyst Ratings

Rating 3
Target Price 65.6
Buy 1
Strong Buy 1
Buy 1
Strong Buy 1
Hold 2
Sell 1
Strong Sell 1
Strong Sell 1

ai summary icon Upturn AI SWOT

Innovative Industrial Properties Inc

stock logo

Company Overview

overview logo History and Background

Innovative Industrial Properties Inc. (IIPR) was founded in December 2016 and is focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed cannabis operators. It is structured as a real estate investment trust (REIT).

business area logo Core Business Areas

  • Real Estate Investment: Acquiring, owning, and managing properties leased to state-licensed cannabis operators. This includes sale-leaseback transactions.

leadership logo Leadership and Structure

Paul Smithers is the current CEO. The company operates with a board of directors and a management team focused on real estate acquisition and management.

Top Products and Market Share

overview logo Key Offerings

  • Real Estate Leasing: IIPR leases specialized industrial properties to licensed cannabis operators. Revenue is derived from lease payments. Market share data specific to IIPRu2019s slice of the real estate market for cannabis cultivation facilities is not widely available, but it's a leading player. Competitors include other REITs and private equity firms.

Market Dynamics

industry overview logo Industry Overview

The cannabis industry is growing, albeit with regulatory and economic uncertainties. The demand for specialized cultivation and processing facilities is high, but access to traditional financing is limited for cannabis operators.

Positioning

IIPR is a leading REIT specializing in cannabis properties, providing a crucial financing alternative to cannabis companies. Its competitive advantage lies in its expertise in the regulatory and operational aspects of cannabis cultivation facilities.

Total Addressable Market (TAM)

The TAM for cannabis-related real estate is estimated to be in the billions of dollars. IIPR is positioned to capture a significant portion of this market through strategic acquisitions and partnerships.

Upturn SWOT Analysis

Strengths

  • First-mover advantage as a cannabis-focused REIT
  • Diversified portfolio of properties across multiple states
  • Strong relationships with established cannabis operators
  • Access to capital markets for growth
  • Experienced management team

Weaknesses

  • Concentration in a single industry (cannabis)
  • Regulatory risks associated with cannabis legality
  • Tenant concentration risk (reliance on key tenants)
  • Exposure to fluctuations in the cannabis market
  • Relatively high cost of capital

Opportunities

  • Expansion into new states and markets
  • Acquisition of additional properties at attractive valuations
  • Development of new facilities for cannabis operators
  • Partnerships with other companies in the cannabis industry
  • Potential for increased institutional investment

Threats

  • Increased competition from other REITs and investors
  • Changes in cannabis regulations and legalization efforts
  • Economic downturns affecting the cannabis industry
  • Tenant defaults and bankruptcies
  • Federal government interference

Competitors and Market Share

competitor logo Key Competitors

  • Power REIT (PW)
  • NewLake Capital Partners, Inc. (NLCP)
  • AFC Gamma, Inc. (AFCG)

Competitive Landscape

IIPR benefits from a larger scale and first-mover advantage. However, competition is increasing as more companies enter the cannabis real estate market. IIPR must maintain its operational excellence and financial discipline to stay competitive.

Growth Trajectory and Initiatives

Historical Growth: IIPR has experienced rapid growth since its inception due to the expanding cannabis market.

Future Projections: Future growth is dependent on continued expansion in the cannabis industry and IIPR's ability to acquire and manage properties effectively.

Recent Initiatives: IIPR continues to acquire new properties and expand its portfolio. Recent initiatives can be found in press releases and investor presentations.

Summary

Innovative Industrial Properties is a leading REIT specializing in cannabis properties, benefiting from first-mover advantage and strong relationships. Its main risk is regulation. The company has strong financial health and is positioned for continued growth, contingent on market conditions.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SEC Filings (10-K, 10-Q)
  • Company Website (Investor Relations)
  • Financial News Articles and Press Releases
  • Third Party Market Research Reports

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual due diligence and consultation with a financial professional. Market share estimates are approximate.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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 21
Full time employees 21

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.