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Upturn AI SWOT - About
IIPR 
Innovative Industrial Properties Inc (IIPR)
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Upturn Advisory Summary
08/28/2025: IIPR (1-star) is currently NOT-A-BUY. Pass it for now.
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 18.05% | Avg. Invested days 60 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 08/28/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.58B USD | Price to earnings Ratio 12.16 | 1Y Target Price 57 |
Price to earnings Ratio 12.16 | 1Y Target Price 57 | ||
Volume (30-day avg) 6 | Beta 1.68 | 52 Weeks Range 43.93 - 124.69 | Updated Date 08/29/2025 |
52 Weeks Range 43.93 - 124.69 | Updated Date 08/29/2025 | ||
Dividends yield (FY) 13.43% | Basic EPS (TTM) 4.63 |
Earnings Date
Report Date 2025-08-06 | When - | Estimate 0.97 | Actual 0.86 |
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 12.16 | Forward PE 14.97 | Enterprise Value 1804715953 | Price to Sales(TTM) 5.48 |
Enterprise Value 1804715953 | Price to Sales(TTM) 5.48 | ||
Enterprise Value to Revenue 6.27 | Enterprise Value to EBITDA 7.95 | Shares Outstanding 28022700 | Shares Floating 27569292 |
Shares Outstanding 28022700 | Shares Floating 27569292 | ||
Percent Insiders 1.58 | Percent Institutions 71.44 |
Upturn AI SWOT
Innovative Industrial Properties Inc
Company Overview
History and Background
Innovative Industrial Properties, Inc. (IIPR) was founded in 2016 and is a real estate investment trust (REIT) focused on the regulated cannabis industry. It acquires and leases industrial properties to state-licensed cannabis operators, providing them with capital. They were the first publicly traded company on the NYSE to focus on serving the cannabis industry.
Core Business Areas
- Real Estate Acquisition and Leasing: Acquiring, owning and managing specialized industrial properties leased to state-licensed cannabis operators for regulated cannabis production, processing, and cultivation. Their business model is built on sale-leaseback transactions, which allows cannabis companies to unlock capital tied up in real estate.
Leadership and Structure
Paul Smithers is the current Chief Executive Officer. The company operates as a REIT, governed by a board of directors and structured to distribute a significant portion of its earnings as dividends.
Top Products and Market Share
Key Offerings
- Specialized Industrial Properties: IIPR provides specialized industrial properties customized for cannabis cultivation and processing. Their core offering involves sale-leaseback transactions that allows cannabis operators to obtain capital and increase their ability to expand. The number of properties are published in the quarterly earnings. Competitors include Power REIT, AFC Gamma and other private investment firms.
Market Dynamics
Industry Overview
The cannabis industry is a rapidly growing sector but faces challenges related to regulatory hurdles and limited access to traditional financing. REITs focused on this space provide unique solutions for operators needing capital.
Positioning
IIPR is a leading REIT specializing in properties leased to cannabis operators, giving them a first-mover advantage and a substantial portfolio of properties. This makes them one of the largest players in the market.
Total Addressable Market (TAM)
The TAM for cannabis-related real estate is large and growing, driven by the continued legalization of cannabis in various states. IIPR is well-positioned to capitalize on this expansion, although access to capital and regulatory environment are concerns.
Upturn SWOT Analysis
Strengths
- First-mover advantage in cannabis REIT market
- Diversified portfolio across multiple states
- Strong relationships with cannabis operators
- Access to capital markets
- Experienced management team
Weaknesses
- Concentration in a single industry (cannabis)
- Regulatory risks and uncertainties
- Dependence on the financial health of cannabis operators
- High debt levels
Opportunities
- Further expansion into new states legalizing cannabis
- Acquisition of additional properties
- Increasing demand for specialized cannabis facilities
- Potential for federal legalization of cannabis
- Expansion into other cannabis-related real estate sectors, such as retail
Threats
- Increased competition from other REITs and financial institutions
- Changes in cannabis regulations (state and federal)
- Economic downturn impacting cannabis operators' profitability
- Tenant defaults
- Difficulty in re-leasing properties if tenants fail
Competitors and Market Share
Key Competitors
- Power REIT (PW)
- AFC Gamma (AFCG)
- NewLake Capital Partners, Inc. (NLCP)
Competitive Landscape
IIPR holds a significant competitive advantage due to its first-mover status and large portfolio. However, other REITs and financial institutions are entering the market, increasing competition.
Growth Trajectory and Initiatives
Historical Growth: IIPR has experienced substantial growth in revenue and portfolio size due to the expansion of the cannabis industry.
Future Projections: Future growth will likely depend on the pace of cannabis legalization and the company's ability to secure new property acquisitions. Refer to analyst reports for detailed projections.
Recent Initiatives: Recent initiatives may include acquisitions of new properties, expansion into new states, and partnerships with cannabis operators.
Summary
Innovative Industrial Properties is a pioneering REIT in the cannabis real estate market, benefiting from the industry's growth. Its strength lies in its first-mover advantage and diversified portfolio. Challenges include regulatory risks, tenant dependency, and increasing competition. To maintain success, IIPR needs to carefully manage risks and seize growth opportunities in the evolving cannabis market.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Financial news websites (Yahoo Finance, Bloomberg, MarketWatch)
- Analyst reports
Disclaimers:
The information provided 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 and based on publicly available information.
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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