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Upturn AI SWOT - About
IIPR 
Innovative Industrial Properties Inc (IIPR)
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Upturn Advisory Summary
09/12/2025: 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 19.3% | Avg. Invested days 50 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 09/12/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.60B USD | Price to earnings Ratio 12.3 | 1Y Target Price 57 |
Price to earnings Ratio 12.3 | 1Y Target Price 57 | ||
Volume (30-day avg) 6 | Beta 1.64 | 52 Weeks Range 43.93 - 124.69 | Updated Date 09/14/2025 |
52 Weeks Range 43.93 - 124.69 | Updated Date 09/14/2025 | ||
Dividends yield (FY) 13.31% | 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 12.3 | Forward PE 14.14 | Enterprise Value 1823491162 | Price to Sales(TTM) 5.55 |
Enterprise Value 1823491162 | Price to Sales(TTM) 5.55 | ||
Enterprise Value to Revenue 6.33 | Enterprise Value to EBITDA 8.04 | Shares Outstanding 28022700 | Shares Floating 27569292 |
Shares Outstanding 28022700 | Shares Floating 27569292 | ||
Percent Insiders 1.58 | Percent Institutions 71.31 |
Upturn AI SWOT
Innovative Industrial Properties Inc
Company Overview
History and Background
Innovative Industrial Properties, Inc. (IIPR) was founded in 2016 as a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated cannabis facilities. It was the first publicly traded real estate investment trust (REIT) focused on the cannabis industry.
Core Business Areas
- Property Management: IIPR manages its portfolio of properties, ensuring compliance with regulations and providing tenant support.
- Real Estate Acquisition & Leasing: IIPR acquires properties suitable for cannabis cultivation and processing and leases them to state-licensed cannabis operators. This includes specialized industrial facilities that are very difficult to value.
- Sale-Leaseback Transactions: IIPR engages in sale-leaseback transactions, purchasing properties from cannabis operators who then lease the properties back from IIPR.
Leadership and Structure
Paul Smithers is the President and Chief Executive Officer. The company operates as a REIT and is structured to distribute a significant portion of its taxable income to shareholders through dividends.
Top Products and Market Share
Key Offerings
- Capital for Cannabis Operators: IIPR provides capital to cannabis operators through sale-leaseback transactions and property acquisition. This alleviates the capital constraint for cannabis operations.
- Industrial Real Estate for Cannabis Cultivation/Processing: IIPR's core product is specialized industrial real estate designed for cannabis cultivation and processing. Data on direct market share in this niche is limited, but IIPR is a significant player. Competitors include privately held real estate firms and other REITs entering the cannabis space. Revenue is derived from lease agreements with tenants.
Market Dynamics
Industry Overview
The cannabis industry is rapidly growing but faces regulatory complexities and limited access to traditional financing. The industry is marked by varying regulations across different states and a challenging federal landscape.
Positioning
IIPR is a leading REIT specializing in cannabis-related industrial properties, giving it a first-mover advantage and established relationships within the industry. Its competitive advantage lies in its expertise in navigating the cannabis regulatory environment and providing specialized real estate solutions. The barriers to entry are increasing because of regulations.
Total Addressable Market (TAM)
The total addressable market for cannabis-related real estate is estimated to be in the billions of dollars and growing. IIPR is positioned to capture a significant share of this market by providing specialized financing and real estate solutions to cannabis operators.
Upturn SWOT Analysis
Strengths
- First-mover advantage in a niche market
- Established relationships with cannabis operators
- Specialized expertise in cannabis real estate
- Consistent dividend payouts
- Large Portfolio
Weaknesses
- Concentration risk in a single industry (cannabis)
- Regulatory uncertainty surrounding cannabis
- Tenant credit risk
- High capital expenditure
Opportunities
- Expansion into new states with legalized cannabis
- Acquisition of additional properties
- Diversification of tenant base
- Growth in the cannabis industry
- Rising rents due to the increased need
Threats
- Changes in cannabis regulations
- Increased competition from other REITs and private investors
- Tenant defaults
- Economic downturn
- Federal legalization of cannabis causing other REITs to enter the space
Competitors and Market Share
Key Competitors
- AFC Gamma, Inc. (AFCG)
- NewLake Capital Partners, Inc. (NLCP)
- Power REIT (PW)
Competitive Landscape
IIPR's advantage lies in its scale, established relationships, and REIT structure. However, competitors may offer different financing options or focus on specific segments of the cannabis market.
Major Acquisitions
Various Properties
- Year: 2023
- Acquisition Price (USD millions): 170
- Strategic Rationale: Expanding portfolio of properties for cannabis cultivation and processing to support the company's growth trajectory and increase long term revenue.
Various Properties
- Year: 2022
- Acquisition Price (USD millions): 230
- Strategic Rationale: Expanding portfolio of properties for cannabis cultivation and processing to support the company's growth trajectory and increase long term revenue.
Growth Trajectory and Initiatives
Historical Growth: IIPR has experienced significant growth in recent years due to the expanding cannabis industry.
Future Projections: Future growth projections depend on the cannabis market and regulatory environment. Analyst estimates vary.
Recent Initiatives: Recent initiatives include property acquisitions and expansions in key cannabis markets.
Summary
Innovative Industrial Properties is a REIT focused on the cannabis industry. It benefits from the growth in the cannabis market but faces regulatory risks and tenant credit risk. The company has a first-mover advantage but increased competition could affect its profitability. Its dividend yield makes it attractive to investors seeking income.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (10-K, 10-Q)
- Investor Relations Materials
- Financial News Websites
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual research and consultation with a qualified financial advisor. Market share estimates are approximate.
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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