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Innovative Industrial Properties (IIPR)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
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Innovative Industrial Properties Financial Ratios 2025-2011 | IIPR
Brief overview of Innovative Industrial Properties's valuation and returns
Ratios are assessed across five available annual reports in the 2021–2025 interval.
The latest available valuation ratios are P/E 12.04x (median 15.78x), EV/EBITDA 27.44x (median 43.76x), P/S 5.35x (median 8.63x). The current ratio basket stands about 37.3% below the five-year comparison base. Earnings and risk trends should explain the discount.
The 1/P/E calculation produces a 8.3% earnings yield. It does not capture future growth or capital structure.
Current measures of operating quality are ROE 6.4%, ROA 5%, ROCE 6.7%. Profitability remains low. Market valuation has limited fundamental support until resource returns improve.
PEG is 1.33x. Price relative to expected growth is in a moderate range.
The cash cycle lengthened by 294 days to 0.3 days. Operations require more funding.
Valuation takeaway
Innovative Industrial Properties's multiples look low against history, but fundamental returns do not yet provide convincing support.
Annual Financial Ratios Innovative Industrial Properties
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12.0 | 12.9 | 16.1 | 15.8 | 39.3 | 55.8 | 42.0 | 62.7 | -1294.8 | -4.1 | - | - | - | - | - | |
P/S |
5.4 | 6.7 | 8.6 | 8.8 | 21.9 | 31.4 | 22.1 | 29.6 | 14.5 | 56.4 | - | - | - | - | - |
EPS |
4.0 | 5.6 | 5.8 | 5.6 | 4.7 | 3.3 | 2.1 | 0.8 | -0.1 | - | - | - | - | - | - |
EV (Enterprise Value) |
1.9 B | 2.37 B | 2.97 B | 2.8 B | 4.87 B | 3.78 B | 1.1 B | 442 M | 87.9 M | -14.5 M | - | - | - | - | - |
EBITDA per Share |
7.08 | 8.47 | 8.64 | 8.44 | 7.41 | 5.03 | 3.18 | 1.12 | 0.238 | - | - | - | - | - | - |
EV/EBITDA |
9.6 | 9.9 | 12.3 | 12.1 | 27.4 | 43.8 | 31.0 | 53.3 | 101.2 | 22.6 | - | - | - | - | - |
PEG |
1.33 | 0.54 | 0.26 | 0.12 | - | 0.32 | 0.25 | -0.09 | 13.33 | -0.17 | - | - | - | - | - |
P/B |
0.8 | 1.1 | 1.4 | 1.2 | 2.8 | 2.4 | 1.8 | 1.7 | 1.3 | 0.3 | - | - | - | - | - |
P/CF |
7.2 | 8.0 | 10.5 | 10.4 | 23.7 | 33.1 | 21.9 | 27.9 | -104.0 | -0.6 | - | - | - | - | - |
ROE % |
6.40 | 8.35 | 8.48 | 7.87 | 7.07 | 4.31 | 4.28 | 2.64 | -0.10 | -7.27 | - | - | - | - | - |
ROA % |
4.99 | 6.80 | 6.93 | 6.39 | 5.47 | 3.72 | 3.15 | 2.48 | -0.09 | -6.94 | - | - | - | - | - |
ROCE % |
6.72 | 8.70 | 8.94 | 8.65 | 8.40 | 4.57 | 3.54 | 1.95 | -0.14 | -1.08 | - | - | - | - | - |
Current Ratio |
4.5 | 5.4 | 5.5 | 5.3 | 4.4 | 7.3 | 2.8 | 16.4 | 5.4 | 475.4 | - | - | - | - | - |
DSO |
0.3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
DPO |
- | - | - | - | - | - | 7878.7 | 3609.8 | 3346.9 | 293.7 | - | - | - | - | - |
Operating Cycle |
0.3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash Conversion Cycle |
0.3 | - | - | - | - | - | -7878.7 | -3609.8 | -3346.9 | -293.7 | - | - | - | - | - |
Annual performance
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All numbers in USD currency
Quarterly Financial Ratios Innovative Industrial Properties
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
1.01 | 1.39 | 1.04 | - | 0.99 | 0.87 | 1.05 | - | 1.38 | 1.45 | 1.37 | - | 1.46 | 1.45 | 1.45 | - | 1.33 | 1.42 | 1.35 | - | 1.24 | 1.21 | 1.07 | 0.91 | 0.87 | 0.73 | 0.72 | 0.79 | 0.56 | 0.31 | 0.34 | 0.24 | 0.22 | 0.18 | 0.1 | - | 0.09 | -0.13 | -0.18 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA per Share |
1.79 | 2.12 | 1.84 | - | 1.72 | 1.7 | 1.85 | - | 2.12 | 2.12 | 2.1 | - | 2.16 | 2.15 | 2.15 | - | 2.05 | 2.13 | 2.1 | - | 1.98 | 1.79 | 1.53 | 1.39 | 1.3 | 1.19 | 1.09 | 1.19 | 0.83 | 0.59 | 0.48 | 0.29 | 0.34 | 0.27 | 0.2 | - | 0.15 | -0.09 | -0.14 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROE % |
7.42 | 7.06 | 6.31 | 4.57 | 6.64 | 7.22 | 7.86 | 6.24 | 8.37 | 8.42 | 8.36 | 6.35 | 8.26 | 8.16 | 8.17 | 6.08 | 8.07 | 8.09 | 7.76 | 5.64 | 7.04 | 6.30 | 5.24 | 4.31 | 4.72 | 4.65 | 4.40 | 4.28 | 3.49 | 2.99 | 2.95 | 2.64 | 2.09 | 0.82 | -0.57 | -0.92 | 0.45 | -0.57 | -0.80 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROA % |
5.53 | 5.45 | 5.07 | 3.70 | 5.38 | 5.89 | 6.40 | 5.08 | 6.82 | 6.87 | 6.81 | 5.17 | 6.71 | 6.64 | 6.34 | 4.64 | 6.04 | 4.50 | 5.94 | 4.28 | 5.48 | 5.14 | 4.49 | 3.72 | 3.84 | 3.63 | 3.33 | 3.15 | 2.77 | 2.54 | 2.63 | 2.48 | 1.95 | 0.77 | -0.51 | -0.85 | 0.42 | -0.53 | -0.74 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROCE % |
7.16 | 7.09 | 6.62 | 4.88 | 7.04 | 7.63 | 8.25 | 6.48 | 8.73 | 8.80 | 8.84 | 6.69 | 8.79 | 8.77 | 8.97 | 6.76 | 9.16 | 9.23 | 8.82 | 6.40 | 7.90 | 6.84 | 5.59 | 4.57 | 5.01 | 4.91 | 4.73 | 4.55 | 3.30 | 2.65 | 2.37 | 2.02 | 1.74 | 0.51 | -0.81 | -1.08 | 0.40 | -0.63 | -0.85 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Current Ratio |
3.2 | 3.5 | 4.8 | 4.5 | 4.9 | 5.4 | 5.5 | 5.4 | 5.3 | 5.5 | 5.4 | 5.5 | 5.4 | 5.4 | 5.3 | 5.3 | 5.2 | - | 4.6 | 4.4 | 3.6 | 3.6 | 6.4 | 7.3 | 7.3 | 7.3 | 7.3 | 3.8 | 3.8 | 3.8 | 3.8 | 16.4 | 16.4 | 16.4 | 16.4 | 12.3 | 12.3 | 12.3 | 12.3 | 21.9 | 21.9 | 21.9 | 21.9 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
DSO |
1.9 | 1.4 | 0.8 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Cycle |
- | - | 0.8 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash Conversion Cycle |
- | - | 0.8 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
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All numbers in USD currency
Multiples are an important financial analysis tool for the company Innovative Industrial Properties, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.
Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.
Financial Ratios of other stocks in the Reit industrial industry
| Issuer | Price | % 24h | Market Cap | Country | |
|---|---|---|---|---|---|
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Gladstone Land Corporation
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|
$ 6.89 | -1.36 % | $ 252 M |  USA |
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|
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Plymouth Industrial REIT
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|
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Prologis
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|
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|
$ 335.92 | -0.66 % | $ 58.9 B | USA |
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Extra Space Storage
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|
$ 158.97 | -0.74 % | $ 33.7 B | USA |
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Global Self Storage
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|
$ 4.83 | 0.1 % | $ 53.9 M | USA |
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STAG Industrial
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|
$ 37.48 | 0.09 % | $ 7 B | USA |
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Terreno Realty Corporation
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|
$ 67.05 | -0.47 % | $ 6.87 B | USA |
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Life Storage
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|
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Duke Realty Corporation
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|
- | - | $ 18.6 B | USA |
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CubeSmart
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|
$ 45.02 | 0.04 % | $ 10.3 B | USA |
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EastGroup Properties
EGP
|
$ 198.6 | -0.33 % | $ 10.5 B | USA |
|
Monmouth Real Estate Investment Corporation
MNR
|
$ 9.14 | -0.54 % | $ 896 M | USA |