Innovative Industrial Properties Inc

Earnings Score
Moat Score

Market Cap $1.50B
PE 9
Debt -
Cash $146.25M
EV -
FCF -

Earnings

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Sales & Net Margins

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Earnings	$159.86M
EBIT	$168.35M
ROE	8%
ROA	7%
Equity	$1.94B
Growth Stability	100%
PE	9.39
PEG	0.26
PB	0.78
P/S	4.87
Price/Cash	0.1
Net Margins	52%
Op. Margins	55%
Earnings CAGR	87%
Sales Growth YoY	-3%
Sales Growth QoQ	0%
Sales CAGR	71%
Equity CAGR	64%
Earnings Stability	0.62
Earnings Growth YoY	-4%

Earnings Growth QoQ	-0%
Earnings CAGR 5Y	36%
Sales CAGR 5Y	37%
Equity CAGR 5Y	15%
Earnings CAGR 3Y	11%
Sales CAGR 3Y	11%
Equity CAGR 3Y	2%
Market Cap	$1.50B
Revenue	$308.52M
Dividend Yield	14%
Payout Ratio	134%
Assets	$2.38B
Cash	$146.25M
Shares Outstanding	28.23M
Earnings Score	90%
Moat Score	88%
Shares Growth 3y	3%
Equity Growth QoQ	-1%
Equity Growth YoY	-1%

Assets & ROA

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Stockholders Equity & ROE

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Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.

SEC Filings

Direct access to Innovative Industrial Properties Inc (IIPR) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Innovative Industrial Properties Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Innovative Industrial Properties Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 87%

Stability 62%

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Innovative Industrial Properties Inc Discounted Cash Flow

Fully customizable DCF calculator online for Innovative Industrial Properties Inc.

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	07/2017	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-	-6%	38%	50%	55%	55%	55%	53%	52%	52%
ROA	-	-0%	2%	3%	4%	6%	7%	7%	7%	7%
ROE	-	-1%	2%	4%	4%	7%	8%	8%	8%	8%

Good Net Margins (51.81%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	07/2017	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	0.25	-	-	-	-	-	-
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	07/2017	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	-	130%	202%	162%	75%	35%	12%	-0%	37%
Earnings YoY growth	-	-	-2K%	293%	191%	75%	36%	7%	-3%	36%
Equity YoY growth	-	-	259%	107%	178%	6%	22%	-0%	-1%	15%
FCF YoY growth	-	-	-	-	-	-	-	-	-	-