What is Innovative Industrial Properties Quick Ratio?
Innovative Industrial PropertiesIIPRPA.PFD -0.72%77 Quick Ratio is 1.06 as of Mar. 2026, which is 12% below its 10-year median of 1.21. GuruFocus rates IIPRPA.PFD with a GF Score™ of 77/100. The stock has 12 warning signs investors should review. Among 758 REITs companies, Innovative Industrial Properties ranks better than 56.07% on this metric.
Innovative Industrial Properties has a quick ratio of 1.06. It generally indicates good short-term financial strength.
The historical rank and industry rank for Innovative Industrial Properties's Quick Ratio or its related term are showing as below:
IIPRpA.PFD'
s Quick Ratio Range Over the Past 10 Years
Min: 0.38 Med: 1.21 Max: 13.64
Current: 1.06
During the past 10 years, Innovative Industrial Properties's highest Quick Ratio was 13.64. The lowest was 0.38. And the median was 1.21.
IIPRpA.PFD's Quick Ratio is ranked better than 56.07% of 758
companies
in the REITs industry
Industry Median: 0.87
vs IIPRpA.PFD: 1.06
Innovative Industrial Properties (NYSE:IIPRpA.PFD) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Innovative Industrial Properties Quick Ratio Related Terms
Innovative Industrial Properties Quick Ratio 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.
Innovative Industrial Properties Quick Ratio Chart
IIPRPA.PFD vs SMA, ILPT, LXP: Quick Ratio Comparison
For the REIT - Industrial subindustry, Innovative Industrial Properties's Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Quick Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Innovative Industrial Properties's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Innovative Industrial Properties's Quick Ratio falls into.
Innovative Industrial Properties Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
* 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 (IIPRPA.PFD) has a Quick Ratio of 1.06 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Innovative Industrial Properties and its competitors. This is 12% below median its historical median of 1.21. Over the past decade, Innovative Industrial Properties' Quick Ratio has ranged from 0.38 to 13.64. According to the industry distribution chart, Innovative Industrial Properties ranks #333 out of 758 companies in the REITs industry, placing it in the top 43.9%.
Is Innovative Industrial Properties' Quick Ratio too high?
Innovative Industrial Properties' current Quick Ratio of 1.06 is 12% below median its 10-year median of 1.21. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 13.64. The REITs industry median Quick Ratio is 0.87. Innovative Industrial Properties' value of 1.06 is 21.8% above this industry median. Based on the distribution chart, Innovative Industrial Properties ranks #333 out of 758 companies in the REITs industry, which is above the industry midpoint. Overall, Innovative Industrial Properties has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Innovative Industrial Properties' Quick Ratio compare to SMA and ILPT?
According to the REITs industry distribution chart, Innovative Industrial Properties ranks #333 out of 758 companies for Quick Ratio. This puts Innovative Industrial Properties in the upper half of its industry. The industry median Quick Ratio is 0.87. Innovative Industrial Properties' value of 1.06 is 21.8% above this benchmark. Historically, Innovative Industrial Properties' own Quick Ratio has ranged from 0.38 to 13.64 over the past decade. While the company's 10-year median is 1.21 vs. the industry median of 0.87, 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 Quick Ratio for a REITs company?
The median Quick Ratio among REITs companies is 0.87, based on 758 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Innovative Industrial Properties's current Quick Ratio of 1.06 is 21.8% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Innovative Industrial Properties and its competitors. For the REITs industry, the median Quick Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovative Industrial Properties's current Quick Ratio is 1.06, which is 12% below median its own 10-year median of 1.21. 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?
Innovative Industrial Properties (IIPRPA.PFD) has a current Quick Ratio of 1.06. The current Quick Ratio is 1.06, which is 12% below median its 10-year median of 1.21 and 21.8% above the REITs industry median of 0.87. 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 Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Innovative Industrial Properties (IIPRPA.PFD), the current Quick Ratio is 1.06 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.
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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