* 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.
IIPR vs SMA, ILPT, LXP: Dividend-Payout-to-FFO Comparison
For the REIT - Industrial subindustry, Innovative Industrial Properties's Dividend-Payout-to-FFO, along with its competitors' market caps and Dividend-Payout-to-FFO 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 Dividend-Payout-to-FFO vs REITs Industry
For the REITs industry and Real Estate sector, Innovative Industrial Properties's Dividend-Payout-to-FFO distribution charts can be found below:
* The bar in red indicates where Innovative Industrial Properties's Dividend-Payout-to-FFO falls into.
* 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 (IIPR) has a Dividend-Payout-to-FFO of 1.14 as of Mar. 2026. Dividend Payout to FFO is the percent of a REIT's funds from operations paid out as dividends. View historical data on Innovative Industrial Properties and its competitors.
Is Innovative Industrial Properties' Dividend-Payout-to-FFO too high?
Innovative Industrial Properties' current Dividend-Payout-to-FFO is 1.14. Overall, Innovative Industrial Properties has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Innovative Industrial Properties' Dividend-Payout-to-FFO compare to SMA and ILPT?
Innovative Industrial Properties' Dividend-Payout-to-FFO of 1.14 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend-Payout-to-FFO for a REITs company?
A good Dividend-Payout-to-FFO depends on the REITs industry context. However, Dividend-Payout-to-FFO should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend-Payout-to-FFO mean?
A high Dividend-Payout-to-FFO can signal that a stock is expensive relative to its fundamentals. Dividend Payout to FFO is the percent of a REIT's funds from operations paid out as dividends. View historical data on Innovative Industrial Properties and its competitors. Innovative Industrial Properties's current Dividend-Payout-to-FFO is 1.14. 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 $64.81, compared to a current price of $64.44 — trading 0.6% below its estimated fair value. The current Dividend-Payout-to-FFO is 1.14. Innovative Industrial Properties' overall GF Score™ is 77/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend-Payout-to-FFO calculated?
Dividend-Payout-to-FFO is calculated from a company's financial statements. For Innovative Industrial Properties (IIPR), the current Dividend-Payout-to-FFO is 1.14 as of Mar. 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 $64.44 is trading 0.6% below its estimated GF Value™ of $64.81.
GuruFocus considers Innovative Industrial Properties to be Fairly Valued.
Key valuation signals for IIPR:
Dividend-Payout-to-FFO: 1.14
GF Value™: $64.81 vs. price of $64.44 (0.6% below fair value)
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 Business Description
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.
77GF Score
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