FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.
Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.
Innovative Industrial Properties FCF Yield % Related Terms
Innovative Industrial Properties FCF Yield % 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.
For the REIT - Industrial subindustry, Innovative Industrial Properties's FCF Yield %, along with its competitors' market caps and FCF Yield % 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 Yield % vs REITs Industry
For the REITs industry and Real Estate sector, Innovative Industrial Properties's FCF Yield % distribution charts can be found below:
* The bar in red indicates where Innovative Industrial Properties's FCF Yield % falls into.
* 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 FCF Yield % of 10.96 as of Jun. 27, 2026. FCF Yield is calculated as Free Cash Flow divided by Market Capitalization. View historical data on Innovative Industrial Properties and its competitors. This is 101% above median its historical median of 5.44. Over the past decade, Innovative Industrial Properties' FCF Yield % has ranged from 1.56 to 17.37. According to the industry distribution chart, Innovative Industrial Properties ranks #190 out of 942 companies in the REITs industry, placing it in the top 20.2%.
Is Innovative Industrial Properties' FCF Yield % too high?
Innovative Industrial Properties' current FCF Yield % of 10.96 is 101% above median its 10-year median of 5.44. Over the past 10 years, this metric has ranged from a low of 1.56 to a high of 17.37. The REITs industry median FCF Yield % is 5.90. Innovative Industrial Properties' value of 10.96 is 85.8% above this industry median. Based on the distribution chart, Innovative Industrial Properties ranks #190 out of 942 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 Yield % compare to SMA and ILPT?
According to the REITs industry distribution chart, Innovative Industrial Properties ranks #190 out of 942 companies for FCF Yield %. This places Innovative Industrial Properties in the top 20% of its industry — outperforming the majority of peers. The industry median FCF Yield % is 5.90. Innovative Industrial Properties' value of 10.96 is 85.8% above this benchmark. Historically, Innovative Industrial Properties' own FCF Yield % has ranged from 1.56 to 17.37 over the past decade. While the company's 10-year median is 5.44 vs. the industry median of 5.90, 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 Yield % for a REITs company?
The median FCF Yield % among REITs companies is 5.90, based on 942 companies in the industry. Companies in the top quartile (top 25%) have a FCF Yield % significantly above this median, while those in the bottom quartile fall well below. However, FCF Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Innovative Industrial Properties's current FCF Yield % of 10.96 is 85.8% 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 Yield % mean?
A high FCF Yield % can signal that a stock is expensive relative to its fundamentals. FCF Yield is calculated as Free Cash Flow divided by Market Capitalization. View historical data on Innovative Industrial Properties and its competitors. For the REITs industry, the median FCF Yield % is 5.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovative Industrial Properties's current FCF Yield % is 10.96, which is 101% above median its own 10-year median of 5.44. 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 $64.70, compared to a current price of $62.93 — trading 2.7% below its estimated fair value. The current FCF Yield % is 10.96, which is 101% above median its 10-year median of 5.44 and 85.8% above the REITs industry median of 5.90. 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 Yield % calculated?
FCF Yield % is calculated from a company's financial statements. For Innovative Industrial Properties (IIPR), the current FCF Yield % is 10.96 as of Jun. 27, 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 $62.93 is trading 2.7% below its estimated GF Value™ of $64.70.
GuruFocus considers Innovative Industrial Properties to be Fairly Valued.
Key valuation signals for IIPR:
FCF Yield %: 10.96 (101% above median its 10-year median of 5.44)
GF Value™: $64.70 vs. price of $62.93 (2.7% below fair value)
Industry Position: 85.8% above the REITs median (#190 of 942)
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 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.
77GF Score
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