Innovative Industrial Properties (Innovative Industrial Properties) Gross-Profit-to-Asset % : 12.04% (As of Dec. 2023)

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What is Innovative Industrial Properties Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Innovative Industrial Properties's annualized Gross Profit for the quarter that ended in Dec. 2023 was $287.85 Mil. Innovative Industrial Properties's average Total Assets over the quarter that ended in Dec. 2023 was $2,390.26 Mil. Therefore, Innovative Industrial Properties's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 12.04%.

Innovative Industrial Properties Gross-Profit-to-Asset % Historical Data

The historical data trend for Innovative Industrial Properties's Gross-Profit-to-Asset % 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.

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Innovative Industrial Properties Gross-Profit-to-Asset % Chart

Innovative Industrial Properties Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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8.44

8.91

10.39

11.82

11.84

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
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															11.09	11.67	11.76	11.95	12.04

Competitive Comparison of Innovative Industrial Properties's Gross-Profit-to-Asset %

For the REIT - Industrial subindustry, Innovative Industrial Properties's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-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's Gross-Profit-to-Asset % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Innovative Industrial Properties's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Innovative Industrial Properties's Gross-Profit-to-Asset % falls into.

Innovative Industrial Properties Gross-Profit-to-Asset % Calculation

Innovative Industrial Properties's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	284.613	/	( (2414.836	+	2391.09)	/ 2 )
	=	284.613	/	2402.963
	=	11.84 %

Innovative Industrial Properties's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	287.852	/	( (2389.423	+	2391.09)	/ 2 )
	=	287.852	/	2390.2565
	=	12.04 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Innovative Industrial Properties Gross-Profit-to-Asset % Related Terms

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Innovative Industrial Properties (Innovative Industrial Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Innovative Industrial Properties Inc (NYSE:IIPRpA.PFD) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

IIPR:USA 1IK:Germany

Address

1389 Center Drive, Suite 220, Park City, UT, USA, 84098

Website

https://www.innovativeindustrialproperties.com

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.