Innovative Industrial Properties (LTS:0JBD) EPS (Basic): $3.97 (TTM As of Mar. 2026)


LTS:0JBD Innovative Industrial Properties Inc LTS:0JBD
77 GF Score
Price $60.41
GF Value $63.98
Valuation Fairly Valued
! 12 Warning Signs
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What is Innovative Industrial Properties EPS (Basic)?

Innovative Industrial Properties LTS:0JBD -0.33% 77 EPS (Basic) is $3.97 as of Mar. 2026. GuruFocus rates LTS:0JBD with a GF Score™ of 77/100 and a GF Value™ of $63.98 (Fairly Valued). The stock has 12 warning signs investors should review.

Innovative Industrial Properties's basic earnings per share (Basic EPS) for the three months ended in Mar. 2026 was $1.04. Its basic earnings per share (Basic EPS) for the trailing twelve months (TTM) ended in Mar. 2026 was $3.97.

Innovative Industrial Properties's EPS (Diluted) for the three months ended in Mar. 2026 was $1.02. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $3.91.

Innovative Industrial Properties's EPS without NRI for the three months ended in Mar. 2026 was $1.01. Its EPS without NRIearnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was 3.91.

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 EPS without NRI Growth Rate using EPS without NRI data.

Innovative Industrial Properties  (LTS:0JBD) EPS (Basic) Explanation

EPS is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.

Innovative Industrial Properties EPS (Basic) Related Terms

Innovative Industrial Properties EPS (Basic) Historical Data

* Premium members only.

The historical data trend for Innovative Industrial Properties's EPS (Basic) 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.

Innovative Industrial Properties EPS (Basic) Chart

Innovative Industrial Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EPS (Basic)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.69 5.57 5.82 5.58 3.98

Innovative Industrial Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EPS (Basic) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.05 0.87 0.99 1.07 1.04
LTS:0JBD
77GF Score
Innovative Industrial Properties Inc LTS:0JBD
EPS (Basic) is just one metric. See GF Score™, valuation, warning signs, and more.
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Innovative Industrial Properties EPS (Basic) Calculation

EPS (Basic) is a rough measurement of the amount of a company's profit that can be allocated to one share of its stock. Basic earnings per share (EPS) do not factor in the dilutive effects on convertible securities.

Innovative Industrial Properties's Basic EPS for the fiscal year that ended in Dec. 2025 is calculated as

Basic EPS (A: Dec. 2025 )=(Net Income-Preferred Dividends)/Shares Outstanding (Basic Average)
=(118.247-3.812)/28.005
=4.09

Innovative Industrial Properties's Basic EPS for the quarter that ended in Mar. 2026 is calculated as

Basic EPS (Q: Mar. 2026 )=(Net Income-Preferred Dividends)/Shares Outstanding (Basic Average)
=(32.809-2.654)/27.992
=1.08

EPS (Basic) 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 $3.97

* 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.

Frequently Asked Questions Learn more about EPS (Basic) →
What does a EPS (Basic) of $3.97 mean?
Innovative Industrial Properties (LTS:0JBD) has a EPS (Basic) of $3.97 as of Mar. 2026. Earnings per share (basic) equals net income divided by the standard, non-diluted average shares outstanding. View historical data on Innovative Industrial Properties and its competitors.
Is Innovative Industrial Properties' EPS (Basic) too high?
Innovative Industrial Properties' current EPS (Basic) is $3.97. 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' EPS (Basic) compare to SMA and ILPT?
Innovative Industrial Properties' EPS (Basic) of $3.97 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 EPS (Basic) for a REITs company?
A good EPS (Basic) depends on the REITs industry context. However, EPS (Basic) 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 EPS (Basic) mean?
A high EPS (Basic) can signal that a stock is expensive relative to its fundamentals. Earnings per share (basic) equals net income divided by the standard, non-diluted average shares outstanding. View historical data on Innovative Industrial Properties and its competitors. Innovative Industrial Properties's current EPS (Basic) is $3.97. 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 $63.98, compared to a current price of $60.41 — trading 5.6% below its estimated fair value. The current EPS (Basic) is $3.97. 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 EPS (Basic) calculated?
EPS (Basic) is calculated from a company's financial statements. For Innovative Industrial Properties (LTS:0JBD), the current EPS (Basic) is $3.97 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 (LTS:0JBD) Overvalued in 2026?

Based on GuruFocus' analysis, Innovative Industrial Properties stock appears to be undervalued. The current stock price of $60.41 is trading 5.6% below its estimated GF Value™ of $63.98. GuruFocus considers Innovative Industrial Properties to be Fairly Valued.

Key valuation signals for LTS:0JBD:

  • EPS (Basic): $3.97
  • GF Value™: $63.98 vs. price of $60.41 (5.6% below fair value)
  • GF Score™: 77/100 with 12 warning signs

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

Industry Real EstateREITs
Address 1389 Center Drive, Suite 200, Park City, UT, USA, 84098
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

Get the complete analysis for LTS:0JBD

EPS (Basic) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$60.41
Price
$63.98
GF Value