This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Innovative Industrial Properties's Enterprise Value for the quarter that ended in Mar. 2026 was $1,805.2 Mil.
Innovative Industrial Properties's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $140.6 Mil.
* 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 EV-to-EBIT Related Terms
Innovative Industrial Properties EV-to-EBIT Historical Data
* 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.
For the REIT - Industrial subindustry, Innovative Industrial Properties's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs REITs Industry
For the REITs industry and Real Estate sector, Innovative Industrial Properties's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Innovative Industrial Properties's EV-to-EBIT falls into.
Innovative Industrial Properties's current Enterprise Value is $2,222.1 Mil.
Innovative Industrial Properties's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $140.6 Mil.
* 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 EV-to-EBIT of 15.80 as of Jul. 05, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Innovative Industrial Properties and its competitors. This is 26% below median its historical median of 21.26. According to the industry distribution chart, Innovative Industrial Properties ranks #291 out of 670 companies in the REITs industry, placing it in the top 43.4%.
Is Innovative Industrial Properties' EV-to-EBIT too high?
Innovative Industrial Properties' current EV-to-EBIT of 15.80 is 26% below median its 10-year median of 21.26. The REITs industry median EV-to-EBIT is 17.71. Innovative Industrial Properties' value of 15.80 is 10.8% below this industry median. Based on the distribution chart, Innovative Industrial Properties ranks #291 out of 670 companies in the REITs industry, which is above the industry midpoint. 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' EV-to-EBIT compare to SMA and ILPT?
According to the REITs industry distribution chart, Innovative Industrial Properties ranks #291 out of 670 companies for EV-to-EBIT. This puts Innovative Industrial Properties in the upper half of its industry. The industry median EV-to-EBIT is 17.71. Innovative Industrial Properties' value of 15.80 is 10.8% below this benchmark. While the company's 10-year median is 21.26 vs. the industry median of 17.71, Innovative Industrial Properties has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a REITs company?
The median EV-to-EBIT among REITs companies is 17.71, based on 670 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Innovative Industrial Properties's current EV-to-EBIT of 15.80 is 10.8% below 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Innovative Industrial Properties and its competitors. For the REITs industry, the median EV-to-EBIT is 17.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovative Industrial Properties's current EV-to-EBIT is 15.80, which is 26% below median its own 10-year median of 21.26. 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 $64.75, compared to a current price of $63.36 — trading 2.1% below its estimated fair value. The current EV-to-EBIT is 15.80, which is 26% below median its 10-year median of 21.26 and 10.8% below the REITs industry median of 17.71. 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 EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Innovative Industrial Properties (IIPR), the current EV-to-EBIT is 15.80 as of Jul. 05, 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 $63.36 is trading 2.1% below its estimated GF Value™ of $64.75.
GuruFocus considers Innovative Industrial Properties to be Fairly Valued.
Key valuation signals for IIPR:
EV-to-EBIT: 15.80 (26% below median its 10-year median of 21.26)
GF Value™: $64.75 vs. price of $63.36 (2.1% below fair value)
Industry Position: 10.8% below the REITs median (#291 of 670)
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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