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| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| IIPR | -54.23% | -37.23% | -8.89% | +348% |
| S&P | +18.37% | +110.18% | +16.02% | +214% |
Innovative Industrial Properties, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. It operates through the following geographical segments: Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington. The firm's property portfolio includes PharmaCann, Inc., SH Parent, Inc., Ascend Wellness Holdings, Inc., Cresco Labs Inc., and Kings Garden Inc. The company was founded by Alan D. Gold and Paul E. Smithers on June 15, 2016 and is headquartered in Park City, UT.
A closer look at the industrial REIT sector.
| Q2 2025 | YOY Change | |
|---|---|---|
| Revenue | $62.89M | -21.2% |
| Gross Profit | $37.52M | -32.3% |
| Gross Margin | 59.67% | -9.8% |
| Market Cap | $1.55B | -50.0% |
| Market Cap / Employee | $70.31M | 0.0% |
| Employees | 22 | 4.8% |
| Net Income | $25.27M | -39.0% |
| EBITDA | $47.40M | -25.1% |
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| Q2 2025 | YOY Change | |
|---|---|---|
| Net Cash | $99.67M | -17.5% |
| Inventory | 0 | 0.0% |
| Q2 2025 | YOY Change | |
|---|---|---|
| Long Term Debt | $290.67M | -2.6% |
| Short Term Debt | $0.00M | 0.0% |
| Q2 2025 | YOY Change | |
|---|---|---|
| Return On Assets | 5.74% | -1.1% |
| Return On Invested Capital | 6.19% | 0.8% |
| Q2 2025 | YOY Change | |
|---|---|---|
| Free Cash Flow | $40.94M | -6.1% |
| Operating Free Cash Flow | $48.45M | -24.4% |
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | YoY Change |
|---|---|---|---|---|---|
| Price to Earnings | 23.95 | 12.07 | 10.40 | 11.94 | -37.66% |
| Price to Book | 1.97 | 0.98 | 0.80 | 0.83 | -47.96% |
| Price to Sales | 12.37 | 6.17 | 5.07 | 5.43 | -45.65% |
| Price to Tangible Book Value | 1.98 | 0.99 | 0.80 | 0.83 | -47.98% |
| Enterprise Value to EBITDA | 66.72 | 34.43 | 31.07 | 37.69 | -27.13% |
| Return on Equity | 8.3% | 8.2% | 7.8% | 7.0% | -15.68% |
| Total Debt | $298.66M | $298.91M | $290.43M | $290.67M | -2.59% |
IIPR earnings call for the period ending December 31, 2024.
IIPR earnings call for the period ending September 30, 2024.
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