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General information

Country: UNITED STATES

Sector: REIT — Industrial

Categories: @cannabis-players   

Innovative Industrial Properties, Inc. owns and leases industrial real estate assets. The Company focuses on the acquisition, disposition, construction, development, and management of industrial facilities leased to tenants in the regulated medical-use cannabis industry. Innovative Industrial Properties conducts its business in the United States.
  • Current market environment: negative. Prices of production are 1.4% lower compared to the last 12 months (LTM)
  • Prices of production are at 8.3% percentile over the past 5 years, adjusted for inflation (are close to minimun)
  • Dividend yield for the last twelve months 15.6%
  • Free cash flow yield -13.8% (LTM), projected -14.1%
  • Share price is 9.5% higher than minimum and 64.3% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (8.2x vs
    )
  • The company is undervalued by EV / projected EBITDA multiple compared to target level (
    vs
    )
  • For the last 3 months insiders bought company shares on $0.2 mln (0.019% of cap.)

Key Financials (Download financials)

Ticker: IIPR
Share price, USD:  (-1.6%)48.805
year average price 56.30  


year start price 69.17 2025-01-27

max close price 74.56 2025-02-13

min close price 44.58 2025-11-20

current price 48.81 2026-01-26
Common stocks: 27 981 517

Dividend Yield:  15.6%
FCF Yield LTM / expected: -13.8% / -14.1%
EV / LTM EBITDA: 8.2x
EV / EBITDA annualized: 9.0x
Production prices change from LTM: -1.4%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 1 366
Net Debt ($m): 341
EV (Enterprise Value): 1 707
EBITDA LTM ($m): 207
EV / LTM EBITDA: 8.2x
Price to Book: 0.7x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / LTM EBITDA and 75% percentile

Potential dynamics

News


2026-01-23businesswire.com

Innovative Industrial Properties Announces Tax Treatment of 2025 Distributions

2026-01-14seekingalpha.com

Innovative Industrial: Why I Am Downgrading It

2026-01-14seekingalpha.com

Innovative Industrial Properties: Amid Diversification, Evaluating The 9.7% Preferred Stock Yield Again

2026-01-13seekingalpha.com

Innovative Industrial: Buying The 9.7% Yielding Preferreds

2025-12-21seekingalpha.com

Innovative Industrial Properties: Without AFFO Growth, It May Just Become A Value Trap (Rating Downgrade)

2025-11-07seekingalpha.com

Innovative Industrial: 14% Yield Backed By Low Leverage And Regulatory Catalyst

2025-11-07marijuanastocks.com

3 Top Marijuana Stocks For Better Investing And Larger Profits In 2026

2025-11-06seekingalpha.com

Revisiting The Credit Quality Of Innovative Industrial Properties

2025-11-04seekingalpha.com

Innovative Industrial Properties, Inc. (IIPR) Q3 2025 Earnings Call Transcript

2025-10-24seekingalpha.com

Innovative Industrial Properties: Deeply Undervalued REIT Opportunity With Double-Digit Dividends
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