Innovative Industrial Properties Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $86.385
- Today's High:
- $89.9
- Open Price:
- $89.1
- 52W Low:
- $61.831
- 52W High:
- $117.3393
- Prev. Close:
- $89.34
- Volume:
- 274607
Company Statistics
- Market Cap.:
- $2.51 billion
- Book Value:
- 69.159
- Revenue TTM:
- $293.87 million
- Operating Margin TTM:
- 58.46%
- Gross Profit TTM:
- $265.84 million
- Profit Margin:
- 54.95%
- Return on Assets TTM:
- 4.45%
- Return on Equity TTM:
- 8.22%
Company Profile
Innovative Industrial Properties Inc had its IPO on 2016-12-01 under the ticker symbol IIPR.
The company operates in the Real Estate sector and REIT-Industrial industry. Innovative Industrial Properties Inc has a staff strength of 22 employees.
Stock update
Shares of Innovative Industrial Properties Inc opened at $89.1 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $86.39 - $89.9, and closed at $86.74.
This is a -2.91% slip from the previous day's closing price.
A total volume of 274,607 shares were traded at the close of the day’s session.
In the last one week, shares of Innovative Industrial Properties Inc have slipped by -1.12%.
Innovative Industrial Properties Inc's Key Ratios
Innovative Industrial Properties Inc has a market cap of $2.51 billion, indicating a price to book ratio of 1.6333 and a price to sales ratio of 11.6611.
In the last 12-months Innovative Industrial Properties Inc’s revenue was $293.87 million with a gross profit of $265.84 million and an EBITDA of $237.41 million. The EBITDA ratio measures Innovative Industrial Properties Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Innovative Industrial Properties Inc’s operating margin was 58.46% while its return on assets stood at 4.45% with a return of equity of 8.22%.
In Q2, Innovative Industrial Properties Inc’s quarterly earnings growth was a positive 1.4% while revenue growth was a positive 8.4%.
Innovative Industrial Properties Inc’s PE and PEG Ratio
- Forward PE
- 20.3666
- Trailing PE
- 15.8404
- PEG
- 0
Its diluted EPS in the last 12-months stands at $5.64 per share while it has a forward price to earnings multiple of 20.3666 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Innovative Industrial Properties Inc’s profitability.
Innovative Industrial Properties Inc stock is trading at a EV to sales ratio of 12.9436 and a EV to EBITDA ratio of 15.7968. Its price to sales ratio in the trailing 12-months stood at 11.6611.
Innovative Industrial Properties Inc stock pays annual dividends of $7.2 per share, indicating a yield of 8.13% and a payout ratio of 127.43%.
Balance sheet and cash flow metrics
- Total Assets
- $2.40 billion
- Total Liabilities
- $139.48 million
- Operating Cash Flow
- $44.25 million
- Capital Expenditure
- $146.36 million
- Dividend Payout Ratio
- 127.43%
Innovative Industrial Properties Inc ended 2024 with $2.40 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.40 billion while shareholder equity stood at $1.95 billion.
Innovative Industrial Properties Inc ended 2024 with $0 in deferred long-term liabilities, $139.48 million in other current liabilities, 28000.00 in common stock, $-137174000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $92.60 million and cash and short-term investments were $92.60 million. The company’s total short-term debt was $0 while long-term debt stood at $300.19 million.
Innovative Industrial Properties Inc’s total current assets stands at $114.97 million while long-term investments were $72.73 million and short-term investments were $72.73 million. Its net receivables were $20.92 million compared to accounts payable of $29.92 million and inventory worth $0.
In 2024, Innovative Industrial Properties Inc's operating cash flow was $44.25 million while its capital expenditure stood at $146.36 million.
Comparatively, Innovative Industrial Properties Inc paid $1.27 in dividends in 2024.
Other key metrics
- Current Trading Price
- $86.74
- 52-Week High
- $117.3393
- 52-Week Low
- $61.831
- Analyst Target Price
- $109.8
Innovative Industrial Properties Inc stock is currently trading at $86.74 per share. It touched a 52-week high of $117.3393 and a 52-week low of $117.3393. Analysts tracking the stock have a 12-month average target price of $109.8.
Its 50-day moving average was $79.43 and 200-day moving average was $80.89 The short ratio stood at 10.24 indicating a short percent outstanding of 0%.
Around 146.6% of the company’s stock are held by insiders while 7621.3% are held by institutions.
Frequently Asked Questions About Innovative Industrial Properties Inc
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About
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.