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The historical rank and industry rank for Innovative Industrial Properties's Equity-to-Asset or its related term are showing as below:
IIPR'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.62 Med: 0.82 Max: 0.96
Current: 0.79
During the past 10 years, the highest Equity to Asset Ratio of Innovative Industrial Properties was 0.96. The lowest was 0.62. And the median was 0.82.
IIPR's Equity-to-Asset is ranked better than 72.71% of 927
companies
in the REITs industry
Industry Median: 0.58
vs IIPR: 0.79
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Innovative Industrial Properties Equity-to-Asset Related Terms
Innovative Industrial Properties Equity-to-Asset 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.
IIPR vs SMA, ILPT, NSA: Equity-to-Asset Comparison
For the REIT - Industrial subindustry, Innovative Industrial Properties's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Innovative Industrial Properties's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Innovative Industrial Properties's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
* 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 Equity-to-Asset of 0.79 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Innovative Industrial Properties and its competitors. This is near median its historical median of 0.82. Over the past decade, Innovative Industrial Properties' Equity-to-Asset has ranged from 0.62 to 0.96. According to the industry distribution chart, Innovative Industrial Properties ranks #253 out of 927 companies in the REITs industry, placing it in the top 27.3%.
Is Innovative Industrial Properties' Equity-to-Asset too high?
Innovative Industrial Properties' current Equity-to-Asset of 0.79 is near median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 0.96. The REITs industry median Equity-to-Asset is 0.58. Innovative Industrial Properties' value of 0.79 is 36.2% above this industry median. Based on the distribution chart, Innovative Industrial Properties ranks #253 out of 927 companies in the REITs industry, which is above the industry midpoint. 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' Equity-to-Asset compare to SMA and ILPT?
According to the REITs industry distribution chart, Innovative Industrial Properties ranks #253 out of 927 companies for Equity-to-Asset. This puts Innovative Industrial Properties in the upper half of its industry. The industry median Equity-to-Asset is 0.58. Innovative Industrial Properties' value of 0.79 is 36.2% above this benchmark. Historically, Innovative Industrial Properties' own Equity-to-Asset has ranged from 0.62 to 0.96 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 0.58, Innovative Industrial Properties has consistently been above 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 Equity-to-Asset for a REITs company?
The median Equity-to-Asset among REITs companies is 0.58, based on 927 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Innovative Industrial Properties's current Equity-to-Asset of 0.79 is 36.2% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Innovative Industrial Properties and its competitors. For the REITs industry, the median Equity-to-Asset is 0.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovative Industrial Properties's current Equity-to-Asset is 0.79, which is near median its own 10-year median of 0.82. 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 $64.94, compared to a current price of $60.17 — trading 7.4% below its estimated fair value. The current Equity-to-Asset is 0.79, which is near median its 10-year median of 0.82 and 36.2% above the REITs industry median of 0.58. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Innovative Industrial Properties (IIPR), the current Equity-to-Asset is 0.79 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 $60.17 is trading 7.4% below its estimated GF Value™ of $64.94.
GuruFocus considers Innovative Industrial Properties to be Fairly Valued.
Key valuation signals for IIPR:
Equity-to-Asset: 0.79 (near median its 10-year median of 0.82)
GF Value™: $64.94 vs. price of $60.17 (7.4% below fair value)
Industry Position: 36.2% above the REITs median (#253 of 927)
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.
78GF Score
Get the complete analysis for IIPR
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