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IIPR (Innovative Industrial Properties) Price-to-Free-Cash-Flow : 11.18 (As of Dec. 14, 2024)


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What is Innovative Industrial Properties Price-to-Free-Cash-Flow?

As of today (2024-12-14), Innovative Industrial Properties's share price is $104.72. Innovative Industrial Properties's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Sep. 2024 was $9.37. Hence, Innovative Industrial Properties's Price-to-Free-Cash-Flow Ratio for today is 11.18.

The historical rank and industry rank for Innovative Industrial Properties's Price-to-Free-Cash-Flow or its related term are showing as below:

IIPR' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 7.95   Med: 19.78   Max: 53.21
Current: 11.12

During the past 8 years, Innovative Industrial Properties's highest Price-to-Free-Cash-Flow Ratio was 53.21. The lowest was 7.95. And the median was 19.78.

IIPR's Price-to-Free-Cash-Flow is ranked better than
59.28% of 727 companies
in the REITs industry
Industry Median: 13.16 vs IIPR: 11.12

Innovative Industrial Properties's Free Cash Flow per Share for the three months ended in Sep. 2024 was $2.27. Its Free Cash Flow per Share for the trailing twelve months (TTM) ended in was $9.37.

During the past 12 months, the average Free Cash Flow per Share Growth Rate of Innovative Industrial Properties was 8.00% per year. During the past 3 years, the average Free Cash Flow per Share Growth Rate was 16.90% per year. During the past 5 years, the average Free Cash Flow per Share Growth Rate was 31.20% per year.

During the past 8 years, Innovative Industrial Properties's highest 3-Year average Free Cash Flow per Share Growth Rate was 49.40% per year. The lowest was 16.90% per year. And the median was 26.30% per year.


Innovative Industrial Properties Price-to-Free-Cash-Flow Historical Data

The historical data trend for Innovative Industrial Properties's Price-to-Free-Cash-Flow 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 Price-to-Free-Cash-Flow Chart

Innovative Industrial Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Free-Cash-Flow
Get a 7-Day Free Trial 18.04 32.32 36.58 11.97 11.15

Innovative Industrial Properties Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Price-to-Free-Cash-Flow 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 8.72 11.15 11.17 11.71 14.37

Competitive Comparison of Innovative Industrial Properties's Price-to-Free-Cash-Flow

For the REIT - Industrial subindustry, Innovative Industrial Properties's Price-to-Free-Cash-Flow, along with its competitors' market caps and Price-to-Free-Cash-Flow 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 Price-to-Free-Cash-Flow Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Innovative Industrial Properties's Price-to-Free-Cash-Flow distribution charts can be found below:

* The bar in red indicates where Innovative Industrial Properties's Price-to-Free-Cash-Flow falls into.



Innovative Industrial Properties Price-to-Free-Cash-Flow Calculation

Innovative Industrial Properties's Price-to-Free-Cash-Flow ratio for today is calculated as

Price-to-Free-Cash-Flow Ratio=Share Price/ Free Cash Flow per Share (TTM)
=104.72/9.368
=11.18

Innovative Industrial Properties's Share Price of today is $104.72.
Innovative Industrial Properties's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.37.

* 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.

It can also be calculated from the numbers for the whole company:

Price-to-Free-Cash-Flow Ratio=Market Cap/Free Cash Flow

Innovative Industrial Properties  (NYSE:IIPR) Price-to-Free-Cash-Flow Explanation

Free Cash Flow is considered more important than earnings by value investors. The reason is because, in principle, only the net cash that can be taken from the business belongs to shareholders. This Free Cash Flow can be used to grow the business, reduce debt or return to shareholders in dividends or share buybacks.

In a DCF Calculation Free Cash Flow is used to determine the intrinsic value of companies.


Be Aware

In real business, Free Cash Flow can be affected by the change in accounts receivable, accounts payable, management's decision on expansion, etc. Therefore, investors should look at the Free Cash Flow over the longer term. Long-term average of Free Cash Flow is a more reliable indicator for real free cash flow.


Innovative Industrial Properties Price-to-Free-Cash-Flow Related Terms

Thank you for viewing the detailed overview of Innovative Industrial Properties's Price-to-Free-Cash-Flow provided by GuruFocus.com. Please click on the following links to see related term pages.


Innovative Industrial Properties Business Description

Traded in Other Exchanges
Address
1389 Center Drive, Suite 200, 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