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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: positive. Prices of production are 2.8% higher compared to the last 12 months (LTM)
  • Prices of production are at 29.7% percentile over the past 5 years, adjusted for inflation
  • Dividend yield for the last twelve months 6.9%
  • Free cash flow yield -4.3% (LTM), projected -4.1%
  • Share price is 62.5% higher than minimum and 63.5% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (12.7x vs
    )
  • The company is overvalued by EV / projected EBITDA multiple compared to target level (
    vs
    )

Key Financials (Download financials)

Ticker: IIPR
Share price, USD:  (0.0%)104.365
year average price 81.69  


year start price 74.52 2023-03-30

min close price 64.22 2023-04-26

max close price 104.35 2024-03-27

current price 104.35 2024-03-28
Common stocks: 27 981 517

Dividend Yield:  6.9%
FCF Yield LTM / expected: -4.3% / -4.1%
EV / LTM EBITDA: 12.7x
EV / EBITDA annualized: 12.6x
Production prices change from LTM: 2.8%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 2 920
Net Debt ($m): 153
EV (Enterprise Value): 3 073
EBITDA LTM ($m): 242
EV / LTM EBITDA: 12.7x
Price to Book: 1.5x

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


2024-03-21MarijuanaStocks

Green Real Estate Boom: Must-See Cannabis REITs for Q3 2024

2024-03-13The Motley Fool

Is This 7.4%-Yielding Dividend Stock the Best Bargain Out There for Income Investors?

2024-03-12InvestorPlace

The 3 Most Undervalued REITs to Buy in March 2024

2024-03-12InvestorPlace

The 3 Most Undervalued Cannabis Stocks to Buy in March 2024

2024-03-09Seeking Alpha

Innovative Industrial Properties: Will It Have You Rolling In The Green?

2024-03-07The Motley Fool

Want $1,000 in Safe Annual Dividend Income? Invest $11,150 Into the Following 3 Ultra-High-Yield REITs.

2024-03-05MarijuanaStocks

Cultivating Returns: The Best Cannabis REITs of March 2024

2024-02-27Seeking Alpha

Innovative Industrial Properties' Q4 Earnings: We Maintain Strong Buy

2024-02-26Zacks Investment Research

Innovative Industrial Properties (IIPR) Q4 FFO and Revenues Surpass Estimates

2024-02-26InvestorPlace

3 Vice Stocks That Can Make a Gloomy February Sizzle
More information for subscribed users:
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