NYSE:IIPR (USA) Also trade in: Germany UK

Innovative Industrial Properties Inc

$ 102.98 -10.17 (-8.99%)
Volume: 1,826,284 Avg Vol (1m): 487,192
Market Cap $: 1.14 Bil Enterprise Value $: 1.03 Bil
P/E (TTM): 104.02 P/B: 3.96
Earnings Power Value 0
Net Current Asset Value 9.28
Tangible Book 25.96
Projected FCF 0
Median P/S Value 42.99
Graham Number 23.99
Peter Lynch Value 0
DCF (FCF Based) 0
DCF (Earnings Based) 0
1Y (-%)

Financial Strength : 6.6/10

GuruFocus Financial Strength Rank measures how strong a company's financial situation is . It is based on these factors
1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
Current vs industry vs history
Cash-to-Debt 1.93
Cash-To-Debt range over the past 10 years
Min: 1.93, Med: 10000, Max: 10000
Current: 1.93
1.93
10000
Equity-to-Asset 0.64
Equity-to-Asset range over the past 10 years
Min: 0.64, Med: 0.94, Max: 0.96
Current: 0.64
0.64
0.96
Debt-to-Equity 0.50
N/A
Debt-to-EBITDA 10.81
Debt-to-EBITDA range over the past 10 years
Min: 0, Med: 0, Max: 10.81
Current: 10.81
0
10.81
Interest Coverage 11.59
Interest Coverage range over the past 10 years
Min: 11.59, Med: 10000, Max: 10000
Current: 11.59
11.59
10000
Piotroski F-Score 5
0
1
2
3
4
5
6
7
8
9
Altman Z-Score 5.59
DISTRESS
GREY
SAFE
Beneish M-Score -3.39
Not Manipulator
Manipulator

Profitability & Growth : 4/10

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
Current vs industry vs history
Operating Margin % 42.74
Operating Margin range over the past 10 years
Min: -213.4, Med: -1.71, Max: 42.74
Current: 42.74
-213.4
42.74
Net Margin % 49.58
Net Margin range over the past 10 years
Min: -1368.22, Med: -1.12, Max: 49.58
Current: 49.58
-1368.22
49.58
ROE % 4.13
ROE range over the past 10 years
Min: -7.27, Med: -0.68, Max: 4.13
Current: 4.13
-7.27
4.13
ROA % 3.93
ROA range over the past 10 years
Min: -6.94, Med: -0.1, Max: 3.93
Current: 3.93
-6.94
3.93
3-Year Total Revenue Growth Rate 38.00
N/A
3-Year Total EBITDA Growth Rate 12.30
N/A
3-Year EPS w/o NRI Growth Rate -36.20
N/A

» IIPR's 30-Y Financials

Financials (Next Earnings Date: 2019-08-13)

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Business Description

Industry REITs » REITs    NAICS : 523991    SIC : 6798
Compare SGX:PH0 BKK:NOBLE LSE:INL HKSE:00231 ASX:FRI TPE:3056 HKSE:01124 HKSE:00298 HKSE:00063 PHS:ELI NSE:SORILHOLD XKLS:7066 BKK:LALIN PHS:SLI BKK:SENA STC:FLC NZSE:CDI NSE:DBREALTY BKK:TAPAC SGX:1E6
Traded in other countries 1IK.Germany 0JBD.UK
Address 11440 West Bernardo Court, Suite 220, San Diego, CA, USA, 92127
Innovative Industrial Properties Inc was incorporated in Maryland on June 15, 2016. The Company is 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. The company faces competition from a diverse mix of market participants, including but not limited to, other companies with similar business models, independent investors, hedge funds and other real estate investors, hard money lenders, and cannabis operators.

Ratios

Current vs industry vs history
PE Ratio (TTM) 108.38
PE Ratio range over the past 10 years
Min: 63.35, Med: 87.9, Max: 281.92
Current: 108.38
63.35
281.92
Forward PE Ratio 87.72
N/A
PE Ratio without NRI 104.02
PE without NRI range over the past 10 years
Min: 58.34, Med: 82.04, Max: 191.88
Current: 104.02
58.34
191.88
PB Ratio 3.96
PB Ratio range over the past 10 years
Min: 0.96, Med: 1.73, Max: 5.36
Current: 3.96
0.96
5.36
PS Ratio 45.42
PS Ratio range over the past 10 years
Min: 9.95, Med: 18.98, Max: 61.42
Current: 45.42
9.95
61.42
Price-to-Free-Cash-Flow 41.56
Price-to-Free-Cash-Flow range over the past 10 years
Min: 12.75, Med: 20.63, Max: 56.19
Current: 41.56
12.75
56.19
Price-to-Operating-Cash-Flow 41.56
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 12.75, Med: 20.63, Max: 56.19
Current: 41.56
12.75
56.19
EV-to-EBIT 100.85
EV-to-EBIT range over the past 10 years
Min: -1017.1, Med: 55.7, Max: 140.19
Current: 100.85
-1017.1
140.19
EV-to-EBITDA 73.23
EV-to-EBITDA range over the past 10 years
Min: -56.8, Med: 40.6, Max: 139
Current: 73.23
-56.8
139
EV-to-Revenue 47.90
EV-to-Revenue range over the past 10 years
Min: 8.1, Med: 17.2, Max: 58.4
Current: 47.9
8.1
58.4
Current Ratio 43.01
Current Ratio range over the past 10 years
Min: 1.83, Med: 9.71, Max: 43.01
Current: 43.01
1.83
43.01
Quick Ratio 43.01
Quick Ratio range over the past 10 years
Min: 1.83, Med: 9.71, Max: 43.01
Current: 43.01
1.83
43.01
Days Payable 738.45
Days Payable range over the past 10 years
Min: 293.68, Med: 3346.86, Max: 3609.81
Current: 738.45
293.68
3609.81

Dividend & Buy Back

Current vs industry vs history
Dividend Yield % 1.72
Trailing Dividend Yield range over the past 10 years
Min: 0.84, Med: 2.02, Max: 3.2
Current: 1.72
0.84
3.2
Dividend Payout Ratio 1.45
Dividend Payout Ratio range over the past 10 years
Min: 1.45, Med: 1.6, Max: 1.6
Current: 1.45
1.45
1.6
Forward Dividend Yield % 2.12
N/A
Yield-on-Cost (5-Year) % 1.72
Yield-on-Cost (5y) range over the past 10 years
Min: 0.84, Med: 2.02, Max: 3.2
Current: 1.72
0.84
3.2
3-Year Share Buyback Rate -61.60
N/A

Valuation & Return

Current vs industry vs history
Price-to-Tangible-Book 3.97
Price-to-Tangible-Book range over the past 10 years
Min: 0.98, Med: 1.53, Max: 5.36
Current: 3.97
0.98
5.36
Price-to-Median-PS-Value 2.40
Price-to-Median-PS-Value range over the past 10 years
Min: 0.72, Med: 1.05, Max: 3.24
Current: 2.4
0.72
3.24
Price-to-Graham-Number 4.29
Price-to-Graham-Number range over the past 10 years
Min: 2.13, Med: 2.86, Max: 5.8
Current: 4.29
2.13
5.8
Earnings Yield (Joel Greenblatt) % 0.88
Earnings Yield (Greenblatt) range over the past 10 years
Min: -6.2, Med: 1.2, Max: 2
Current: 0.88
-6.2
2

More Statistics

Revenue (TTM) (Mil) $ 18.85
EPS (TTM) $ 0.95
Beta 0
Volatility % 73.59
52-Week Range $ 31.61 - 139.53
Shares Outstanding (Mil) 11.11

Analyst Estimate

Piotroski F-Score Details

Piotroski F-Score 5
Positive ROA Y
Positive CFROA Y
Higher ROA yoy Y
CFROA > ROA Y
Lower Leverage yoy N
Higher Current Ratio yoy Y
Less Shares Outstanding yoy N
Higher Gross Margin yoy N
Higher Asset Turnover yoy N