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Innovative Industrial Properties (Innovative Industrial Properties) Enterprise Value : $3,133.0 Mil (As of May. 12, 2024)


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What is Innovative Industrial Properties Enterprise Value?

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.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Innovative Industrial Properties's Enterprise Value is $3,133.0 Mil. Innovative Industrial Properties's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $181.7 Mil. Therefore, Innovative Industrial Properties's EV-to-EBIT ratio for today is 17.24.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Innovative Industrial Properties's Enterprise Value is $3,133.0 Mil. Innovative Industrial Properties's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $248.9 Mil. Therefore, Innovative Industrial Properties's EV-to-EBITDA ratio for today is 12.59.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Innovative Industrial Properties's Enterprise Value is $3,133.0 Mil. Innovative Industrial Properties's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $309.5 Mil. Therefore, Innovative Industrial Properties's EV-to-Revenue ratio for today is 10.12.


Innovative Industrial Properties Enterprise Value Historical Data

The historical data trend for Innovative Industrial Properties's Enterprise Value 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.

* Premium members only.

Innovative Industrial Properties Enterprise Value Chart

Innovative Industrial Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Enterprise Value
Get a 7-Day Free Trial 1,026.39 4,408.26 6,992.79 3,063.43 3,011.81

Innovative Industrial Properties Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Enterprise Value 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 3,063.43 2,406.58 2,268.80 2,319.00 3,011.81

Competitive Comparison of Innovative Industrial Properties's Enterprise Value

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's Enterprise Value Distribution in the 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.

Innovative Industrial Properties's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as

Innovative Industrial Properties's Enterprise Value for the quarter that ended in Dec. 2023 is calculated as

* 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  (NYSE:IIPR) 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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=3133.001/181.684
=17.24

Innovative Industrial Properties's current Enterprise Value is $3,133.0 Mil.
Innovative Industrial Properties's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $181.7 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Innovative Industrial Properties's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=3133.001/248.878
=12.59

Innovative Industrial Properties's current Enterprise Value is $3,133.0 Mil.
Innovative Industrial Properties's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $248.9 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Innovative Industrial Properties's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=3133.001/309.506
=10.12

Innovative Industrial Properties's current Enterprise Value is $3,133.0 Mil.
Innovative Industrial Properties's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $309.5 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

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Innovative Industrial Properties (Innovative Industrial Properties) Business Description

Traded in Other Exchanges
Address
1389 Center Drive, Suite 220, Park City, UT, USA, 84098
Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.
Executives
David Stecher director C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
David Jon Smith officer: CFO AND TREASURER C/O FIG LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Alan D Gold director, officer: Executive Chairman 17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128
Scott Shoemaker director C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
Brian J. Wolfe officer: VP, GEN. COUNSEL AND SECRETARY C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
Paul E. Smithers director, officer: PRESIDENT, CEO AND DIRECTOR C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
Catherine Hastings officer: CFO AND TREASURER C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
Andy Bui officer: VP, CHIEF ACCOUNTING OFFICER C/O INNOVATIVE INDUSTRIAL PROPERTIES, 11440 WEST BERNARDO COURT, SUITE 100, SAN DIEGO CA 92127
Mary A Curran director 3 MACARTHUR BLVD, SANTA ANA CA 92707
Gary A Kreitzer director 17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128
Hg Vora Capital Management, Llc 10 percent owner 330 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10017
Robert M. Sistek officer: CFO and EVP, Investments C/O CORESITE REALTY CORPORATION, 1050 17TH STREET, SUITE 800, DENVER CO 80265
Greg Fahey officer: CAO and Treasurer 600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025
Gary Malino director C/O PRICESMART, INC., 9740, SAN DIEGO CA 92121

Innovative Industrial Properties (Innovative Industrial Properties) Headlines

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