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Company Analysis

Innovative Industrial Propertie IIPR-PA

A comprehensive view of key metrics, scores, and financial health for Innovative Industrial Propertie

Overview of Innovative Industrial Properties, Inc.

IIPR-PA NYQ
Real Estate REIT - Industrial Small Cap
Innovative Industrial Properties, Inc. (IIPR-PA), is a Small Cap company, in the REIT - Industrial industry, last closed at $22.31, about 6.1% undervalued vs fair value, -11.8% 1Y return, placing in the top 25% of its sector.
$22.31
-0.45%
As of March 13, 2026
Previous close • Vol 90d: 11.0%
Market Cap
$817.83M
Enterprise Value
$1.12B
Overall Score
Scores locked

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Top Beats
No strong beats yet

Quick Facts

Website https://www.innovativeindustri...
HQ San Diego, CA
Employees 23
Fiscal year Dec 31

Next Events

No upcoming events available.

Fair Value Snapshot

Bear Base Bull
$21
$24
$27
Current: $22.31 +6% vs base

Engine Room Money Flow™

Small Cap

Real Estate Investment Trust - Where revenue goes and how value is created

Flow Steps
Total Revenue
$308.5M
-0.3%%
Net Operating Income
$171.8M
-1.6%%
Net Income
$157.6M
-2.4%%
FFO (Funds From Operations)
$225.0M
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Real Estate Investment Trust

Quality & Reliability Indicators

FFO Payout Ratio
94.9%
Fair

Dividends / FFO - basic dividend safety

Locked Metric
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$213.5M
94.9% of AFFO

Where It Leaks

Cash Flow Health healthy
Strong cash conversion with minimal leakage across profit-to-cash-to-value chain.
0
Active Leaks
0/0
Improving
0
High Impact
0
Critical
Moat Analysis REIT Specialized

Competitive Advantage Assessment

Evaluating Innovative Industrial Propertie's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
68
/100
Moderate
Scores based on quantitative metrics and qualitative factors

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Rent Pricing Power

Moderate
71
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Equity REITs vs Industry Peers 65% Coverage
Trade-Off Triangle Visualization A ternary plot showing IIPR-PA's balance between Growth (29.1%), Profitability (36.6%), and Safety (34.3%). Growth 29% Safety 34% Profitability 37%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

51th percentile vs peers
51
Key Signals
Revenue CAGR 3Y 14.7% 79p Rev Growth YoY -0.3% 41p FFO Growth YoY -0.1% 41p AFFO YoY Growth -0.1% 33p
Strengths
  • Equity/Assets in top 20% of peers (81.4%, 95th percentile)
  • Ffo Payout Ratio in top 20% of peers (91.8%, 95th percentile)
  • Consistently strong margins across 4 metrics
  • Strong liquidity position vs peers
Risks

No significant risks identified for this axis.

Profitability

64th percentile vs peers
64
Key Signals
Strengths
Risks
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Safety

60th percentile vs peers
60
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Innovative Industrial Propertie.

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
  • Companies that haven't filed recent financials
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Bear
-
- - -
- upside
-
Base
$23.67
- - -
+6.1% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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