Innovative Industrial Properties (LTS:0JBD) FCF Margin %: 81.21% (As of Mar. 2026) — Near Median


LTS:0JBD Innovative Industrial Properties Inc LTS:0JBD
77 GF Score
Price $62.30
GF Value $64.05
Valuation Fairly Valued
! 12 Warning Signs
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What is Innovative Industrial Properties FCF Margin %?

Innovative Industrial Properties LTS:0JBD +2.59% 77 FCF Margin % is 81.21% as of Mar. 2026, which is 4% below its 10-year median of 84.25. GuruFocus rates LTS:0JBD with a GF Score™ of 77/100 and a GF Value™ of $64.05 (Fairly Valued). The stock has 12 warning signs investors should review. Among 940 REITs companies, Innovative Industrial Properties ranks better than 82.55% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Innovative Industrial Properties's Free Cash Flow for the three months ended in Mar. 2026 was $56.0 Mil. Innovative Industrial Properties's Revenue for the three months ended in Mar. 2026 was $69.0 Mil. Therefore, Innovative Industrial Properties's FCF Margin % for the quarter that ended in Mar. 2026 was 81.21%.

As of today, Innovative Industrial Properties's current FCF Yield % is 10.96%.

The historical rank and industry rank for Innovative Industrial Properties's FCF Margin % or its related term are showing as below:

LTS:0JBD' s FCF Margin % Range Over the Past 10 Years
Min: -8828.35   Med: 84.25   Max: 106.13
Current: 75.97


During the past 10 years, the highest FCF Margin % of Innovative Industrial Properties was 106.13%. The lowest was -8828.35%. And the median was 84.25%.

LTS:0JBD's FCF Margin % is ranked better than
82.55% of 940 companies
in the REITs industry
Industry Median: 39.54 vs LTS:0JBD: 75.97


Innovative Industrial Properties FCF Margin % Related Terms


Innovative Industrial Properties FCF Margin % Historical Data

* Premium members only.

The historical data trend for Innovative Industrial Properties's FCF Margin % 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 FCF Margin % Chart

Innovative Industrial Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 92.27 84.72 82.56 83.77 74.52

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
FCF Margin % 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 75.63 77.04 70.48 74.87 81.21

LTS:0JBD vs SMA, ILPT, LXP: FCF Margin % Comparison

For the REIT - Industrial subindustry, Innovative Industrial Properties's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Innovative Industrial Properties's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Innovative Industrial Properties's FCF Margin % falls into.


LTS:0JBD
77GF Score
Innovative Industrial Properties Inc LTS:0JBD
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Innovative Industrial Properties FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

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

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=198.189/265.955
=74.52 %

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

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=56.031/68.996
=81.21 %

* 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 FCF Margin % →
What does a FCF Margin % of 81.21% mean?
Innovative Industrial Properties (LTS:0JBD) has a FCF Margin % of 81.21% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Innovative Industrial Properties and its competitors. This is near median its historical median of 84.25. According to the industry distribution chart, Innovative Industrial Properties ranks #164 out of 940 companies in the REITs industry, placing it in the top 17.4%.
Is Innovative Industrial Properties' FCF Margin % too high?
Innovative Industrial Properties' current FCF Margin % of 81.21% is near median its 10-year median of 84.25. The REITs industry median FCF Margin % is 39.54. Innovative Industrial Properties' value of 81.21% is 105.4% above this industry median. Based on the distribution chart, Innovative Industrial Properties ranks #164 out of 940 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. 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' FCF Margin % compare to SMA and ILPT?
According to the REITs industry distribution chart, Innovative Industrial Properties ranks #164 out of 940 companies for FCF Margin %. This places Innovative Industrial Properties in the top 17% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 39.54. Innovative Industrial Properties' value of 81.21% is 105.4% above this benchmark. While the company's 10-year median is 84.25 vs. the industry median of 39.54, 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 FCF Margin % for a REITs company?
The median FCF Margin % among REITs companies is 39.54, based on 940 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Innovative Industrial Properties's current FCF Margin % of 81.21% is 105.4% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Innovative Industrial Properties and its competitors. For the REITs industry, the median FCF Margin % is 39.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovative Industrial Properties's current FCF Margin % is 81.21%, which is near median its own 10-year median of 84.25. 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 $64.05, compared to a current price of $62.30 — trading 2.7% below its estimated fair value. The current FCF Margin % is 81.21%, which is near median its 10-year median of 84.25 and 105.4% above the REITs industry median of 39.54. 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 FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Innovative Industrial Properties (LTS:0JBD), the current FCF Margin % is 81.21% 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 $62.30 is trading 2.7% below its estimated GF Value™ of $64.05. GuruFocus considers Innovative Industrial Properties to be Fairly Valued.

Key valuation signals for LTS:0JBD:

  • FCF Margin %: 81.21% (near median its 10-year median of 84.25)
  • GF Value™: $64.05 vs. price of $62.30 (2.7% below fair value)
  • GF Score™: 77/100 with 12 warning signs
  • Industry Position: 105.4% above the REITs median (#164 of 940)

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

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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$62.30
Price
$64.05
GF Value