Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Innovative Industrial Properties (LTS:0JBD) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Innovative Industrial Properties's EV-to-EBIT for today is
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.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Innovative Industrial Properties's EV-to-EBITDA for today is:
Innovative Industrial Properties's current Enterprise Value is $2,222.1 Mil.
Innovative Industrial Properties's EBITDA 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 $214.9 Mil.
Innovative Industrial Properties's current Enterprise Value is $2,222.1 Mil.
Innovative Industrial Properties's Revenue 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 $263.2 Mil.
Innovative Industrial Properties's current Enterprise Value is $2,222.1 Mil.
Innovative Industrial Properties's Cash Flow from Operations 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 $200.0 Mil.
Innovative Industrial Properties's current Enterprise Value is $2,222.1 Mil.
Innovative Industrial Properties's Free Cash Flow 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 $200.0 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 Enterprise Value Related Terms
Innovative Industrial Properties Enterprise Value 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.
Innovative Industrial Properties Enterprise Value Chart
LTS:0JBD vs SMA, ILPT, LXP: Enterprise Value Comparison
For the REIT - Industrial subindustry, Innovative Industrial Properties's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs REITs Industry
For the REITs industry and Real Estate sector, Innovative Industrial Properties's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Innovative Industrial Properties's Enterprise Value falls into.
Innovative Industrial Properties Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
* 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 Enterprise Value of $2,222.1 Mil mean?
Innovative Industrial Properties (LTS:0JBD) has a Enterprise Value of $2,222.1 Mil as of Jul. 05, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Innovative Industrial Properties and its competitors.
Is Innovative Industrial Properties' Enterprise Value too high?
Innovative Industrial Properties' current Enterprise Value is $2,222.1 Mil. Overall, Innovative Industrial Properties has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Innovative Industrial Properties' Enterprise Value compare to SMA and ILPT?
Innovative Industrial Properties' Enterprise Value of $2,222.1 Mil 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 Enterprise Value for a REITs company?
A good Enterprise Value depends on the REITs industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Innovative Industrial Properties and its competitors. Innovative Industrial Properties's current Enterprise Value is $2,222.1 Mil. 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 (LTS:0JBD) is currently considered Fairly Valued. The stock's GF Value™ is $64.21, compared to a current price of $62.83 — trading 2.1% below its estimated fair value. The current Enterprise Value is $2,222.1 Mil. Innovative Industrial Properties' overall GF Score™ is 78/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Innovative Industrial Properties (LTS:0JBD), the current Enterprise Value is $2,222.1 Mil 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 (LTS:0JBD) Overvalued in 2026?
Based on GuruFocus' analysis, Innovative Industrial Properties stock appears to be undervalued.
The current stock price of $62.83 is trading 2.1% below its estimated GF Value™ of $64.21.
GuruFocus considers Innovative Industrial Properties to be Fairly Valued.
Key valuation signals for LTS:0JBD:
Enterprise Value: $2,222.1 Mil
GF Value™: $64.21 vs. price of $62.83 (2.1% below fair value)
No single metric tells the full story. See the LTS:0JBD 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.
78GF Score
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