Innovative Industrial Properties (FRA:1IK) Scaled Net Operating Assets : 0.87 (As of Dec. 2023)

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What is Innovative Industrial Properties Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Innovative Industrial Properties's operating assets for the quarter that ended in Dec. 2023 was €2,064.0 Mil. Innovative Industrial Properties's operating liabilities for the quarter that ended in Dec. 2023 was €125.8 Mil. Innovative Industrial Properties's Total Assets for the quarter that ended in Sep. 2023 was €2,238.9 Mil. Therefore, Innovative Industrial Properties's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.87.

Innovative Industrial Properties Scaled Net Operating Assets Historical Data

The historical data trend for Innovative Industrial Properties's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Innovative Industrial Properties Scaled Net Operating Assets Chart

Innovative Industrial Properties Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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2.19

1.88

1.13

1.11

0.85

Innovative Industrial Properties Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.84	0.91	0.89	0.90	0.87

Competitive Comparison of Innovative Industrial Properties's Scaled Net Operating Assets

For the REIT - Industrial subindustry, Innovative Industrial Properties's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Innovative Industrial Properties's Scaled Net Operating Assets Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Innovative Industrial Properties's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Innovative Industrial Properties's Scaled Net Operating Assets falls into.

Innovative Industrial Properties Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Innovative Industrial Properties's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(2064.022	-	125.847)	/	2279.605
=	0.85

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2192.63	-	128.608
=	2064.022

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	401.754	-	275.907	-	0
=	125.847

Innovative Industrial Properties's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(2064.022	-	125.847)	/	2238.889
=	0.87

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2192.63	-	128.608
=	2064.022

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	401.754	-	275.907	-	0
=	125.847

Innovative Industrial Properties Scaled Net Operating Assets Related Terms

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Innovative Industrial Properties (FRA:1IK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Innovative Industrial Properties Inc (FRA:1IK) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

IIPRpA.PFD:USA IIPR:USA 1IK:Germany

Address

1389 Center Drive, Suite 220, Park City, UT, USA, 84098

Website

https://www.innovativeindustrialproperties.com

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.

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