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Innovative Industrial Properties's operating cash flow per share for the
three
months ended in Jun. 2026 was $1.50.
Innovative Industrial Properties's operating cash flow per share for the trailing twelve months (TTM) ended in Jun. 2026 was $6.84.
During the past 12 months, the average Operating Cash Flow per Share Growth Rate of Innovative Industrial Properties was -13.50% per year.
During the past 3 years, the average Operating Cash Flow per Share Growth Rate was -6.20% per year.
During the past 5 years, the average Operating Cash Flow per Share Growth Rate was 5.30% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the OCF Growth Rate using Operating Cash Flow per Share data.
The historical rank and industry rank for Innovative Industrial Properties's Operating Cash Flow per Share or its related term are showing as below:
IIPR'
s 3-Year OCF Growth Rate Range Over the Past 10 Years
Min: -6.2 Med: 26.3 Max: 56.2
Current: -6.2
During the past 10 years, Innovative Industrial Properties's highest 3-Year average Operating Cash Flow per Share Growth Rate was 56.20% per year. The lowest was -6.20% per year. And the median was 26.30% per year.
IIPR's 3-Year OCF Growth Rate is ranked worse than 72.6% of 719
companies
in the REITs industry
Industry Median: 1.7
vs IIPR: -6.20
* 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.
Innovative Industrial Properties Operating Cash Flow per Share Chart
IIPR vs SMA, ILPT, NSA: Operating Cash Flow per Share Comparison
For the REIT - Industrial subindustry, Innovative Industrial Properties's Price-to-Operating-Cash-Flow, along with its competitors' market caps and Price-to-Operating-Cash-Flow 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 Price-to-Operating-Cash-Flow vs REITs Industry
For the REITs industry and Real Estate sector, Innovative Industrial Properties's Price-to-Operating-Cash-Flow distribution charts can be found below:
* The bar in red indicates where Innovative Industrial Properties's Price-to-Operating-Cash-Flow falls into.
Operating Cash Flow per Share for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.84
* 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.
What does a Operating Cash Flow per Share of $6.84 mean?
Innovative Industrial Properties (IIPR) has a Operating Cash Flow per Share of $6.84 as of Jun. 2026. Operating cash flow per share equals the per-share amount of cash flow from operations. View historical data on Innovative Industrial Properties and its competitors. According to the industry distribution chart, Innovative Industrial Properties ranks #522 out of 719 companies in the REITs industry, placing it in the top 72.6%.
Is Innovative Industrial Properties' Operating Cash Flow per Share too high?
Innovative Industrial Properties' current Operating Cash Flow per Share is $6.84. The REITs industry median Operating Cash Flow per Share is 1.70. Innovative Industrial Properties' value of $6.84 is 302.4% above this industry median. Based on the distribution chart, Innovative Industrial Properties ranks #522 out of 719 companies in the REITs industry, which is below the industry midpoint. Overall, Innovative Industrial Properties has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Innovative Industrial Properties' Operating Cash Flow per Share compare to SMA and ILPT?
According to the REITs industry distribution chart, Innovative Industrial Properties ranks #522 out of 719 companies for Operating Cash Flow per Share. This places Innovative Industrial Properties in the lower half of its industry. The industry median Operating Cash Flow per Share is 1.70. Innovative Industrial Properties' value of $6.84 is 302.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Cash Flow per Share for a REITs company?
The median Operating Cash Flow per Share among REITs companies is 1.70, based on 719 companies in the industry. Companies in the top quartile (top 25%) have a Operating Cash Flow per Share significantly above this median, while those in the bottom quartile fall well below. However, Operating Cash Flow per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Innovative Industrial Properties's current Operating Cash Flow per Share of $6.84 is 302.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Cash Flow per Share mean?
A high Operating Cash Flow per Share can signal that a stock is expensive relative to its fundamentals. Operating cash flow per share equals the per-share amount of cash flow from operations. View historical data on Innovative Industrial Properties and its competitors. For the REITs industry, the median Operating Cash Flow per Share is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovative Industrial Properties's current Operating Cash Flow per Share is $6.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovative Industrial Properties stock overvalued right now?
Based on GuruFocus' analysis, Innovative Industrial Properties (IIPR) is currently considered Fairly Valued. The stock's GF Value™ is $60.48, compared to a current price of $56.00 — trading 7.4% below its estimated fair value. The current Operating Cash Flow per Share is $6.84 and 302.4% above the REITs industry median of 1.70. Innovative Industrial Properties' overall GF Score™ is 85/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Cash Flow per Share calculated?
Operating Cash Flow per Share is calculated from a company's financial statements. For Innovative Industrial Properties (IIPR), the current Operating Cash Flow per Share is $6.84 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Innovative Industrial Properties (IIPR) Overvalued in 2026?
Based on GuruFocus' analysis, Innovative Industrial Properties stock appears to be undervalued.
The current stock price of $56.00 is trading 7.4% below its estimated GF Value™ of $60.48.
GuruFocus considers Innovative Industrial Properties to be Fairly Valued.
Key valuation signals for IIPR:
Operating Cash Flow per Share: $6.84
GF Value™: $60.48 vs. price of $56.00 (7.4% below fair value)
Industry Position: 302.4% above the REITs median (#522 of 719)
No single metric tells the full story. See the IIPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Innovative Industrial Properties Inc is a real estate investment trust focused on the acquisition, ownership and management of specialized industrial and commercial properties in the United States. Its properties are prominently leased to state-licensed operators for their regulated cannabis facilities. The company conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by its Operating Partnership, directly or through subsidiaries. Its segments are: Cannabis Portfolio and Life Science Portfolio, with the majority of revenue coming from the Cannabis Portfolio segment, which involves acquiring, developing, and leasing real estate to regulated cannabis operators on long-term triple-net leases.
85GF Score
Get the complete analysis for IIPR
Operating Cash Flow per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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