What is Innovative Industrial Properties Market Cap?
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Innovative Industrial Properties's share price for the quarter that ended in Dec. 2023 was $100.82. Innovative Industrial Properties's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 28.1 Mil. Therefore, Innovative Industrial Properties's market cap for the quarter that ended in Dec. 2023 was $2,837.2 Mil.
Innovative Industrial Properties's quarterly market cap
increased
from Jun. 2023 ($2,047.2 Mil) to Sep. 2023 ($2,121.5 Mil) and
increased
from Sep. 2023 ($2,121.5 Mil) to Dec. 2023 ($2,837.2 Mil).
Innovative Industrial Properties's annual market cap
declined
from Dec. 2021 ($6,733.8 Mil) to Dec. 2022 ($2,835.0 Mil) but then
increased
from Dec. 2022 ($2,835.0 Mil) to Dec. 2023 ($2,837.2 Mil).
Enterprise Value is 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 and cash equivalents. Innovative Industrial Properties's Enterprise Value for Today is $2,970.4 Mil.
Innovative Industrial Properties Market Cap Historical Data
The historical data trend for Innovative Industrial Properties's Market Cap 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.
Competitive Comparison of Innovative Industrial Properties's Market Cap
For the REIT - Industrial subindustry, Innovative Industrial Properties's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Innovative Industrial Properties's Market Cap distribution charts can be found below:
* The bar in red indicates where Innovative Industrial Properties's Market Cap falls into.
Innovative Industrial Properties Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Innovative Industrial Properties's Market Cap for the fiscal year 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) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Innovative Industrial Properties Market Cap Related Terms
Thank you for viewing the detailed overview of Innovative Industrial Properties's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Innovative Industrial Properties (Innovative Industrial Properties) Business Description
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.
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