IIPR (Innovative Industrial Properties) Growth Rank: 4 (As of Jul. 30, 2026) — 50% Below Median

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IIPR Innovative Industrial Properties Inc IIPR
78 GF Score
Price $60.49
GF Value $64.94
Valuation Fairly Valued
! 12 Warning Signs
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What is Innovative Industrial Properties Growth Rank?

Innovative Industrial Properties IIPR -1.18% 78 Growth Rank is 4 as of Jul. 30, 2026, which is 50% below its 10-year median of 8.00. GuruFocus rates IIPR with a GF Score™ of 78/100 and a GF Value™ of $64.94 (Fairly Valued). The stock has 12 warning signs investors should review.

Innovative Industrial Properties has the Growth Rank of 4.

GuruFocus Growth Rank measures the growth of a company in terms of its revenue and profitability, rated on a scale from 1 to 10. Historically, the companies with the highest growth ranks performed the best over the long term. It is calculated using the following criteria:

1. 5-year revenue growth rate, the higher, the better.
2. 3-year revenue growth rate, the higher, the better.
3. 5-year EBITDA growth rate, the higher, the better.
4. The predictability of 5-year revenue. The most consistent it is, the higher the rank.

A higher score reflects a greater ability to drive business growth, with companies considered to have strong and sustainable expansion potential. Conversely, a lower score indicates challenges in achieving consistent growth and scalability.

GuruFocus found that the Growth Rank is the second of the two most-sensitive parameters among the five parameters checked. Please click GF Score to see more details on GF Score's 5 Key Aspects of Analysis.

Please note that we are using the five-year EBITDA growth rate as a parameter, so the company needs to have had positive growth over that time. The reason we use EBITDA instead of earnings per share is that with EBITDA, we can rank a lot more companies since a company may have positive EBITDA but negative EPS. Since we are looking at the growth here, EBITDA gives us a pretty clear picture about the growth in the company's business operations.

Innovative Industrial Properties Growth Rank Related Terms

IIPR vs SMA, ILPT, NSA: Growth Rank Comparison

For the REIT - Industrial subindustry, Innovative Industrial Properties's Growth Rank, along with its competitors' market caps and Growth Rank 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 Growth Rank vs REITs Industry

For the REITs industry and Real Estate sector, Innovative Industrial Properties's Growth Rank distribution charts can be found below:

* The bar in red indicates where Innovative Industrial Properties's Growth Rank falls into.


IIPR
78GF Score
Innovative Industrial Properties Inc IIPR
Growth Rank is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Growth Rank →
What does a Growth Rank of 4 mean?
Innovative Industrial Properties (IIPR) has a Growth Rank of 4 as of Jul. 30, 2026. Growth Rank measures the growth of a company in terms of its revenue and profitability. View historical data on Innovative Industrial Properties and its competitors. This is 50% below median its historical median of 8.00. Over the past decade, Innovative Industrial Properties' Growth Rank has ranged from 3.00 to 10.00.
Is Innovative Industrial Properties' Growth Rank too high?
Innovative Industrial Properties' current Growth Rank of 4 is 50% below median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 10.00. Overall, Innovative Industrial Properties has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Innovative Industrial Properties' Growth Rank compare to SMA and ILPT?
Innovative Industrial Properties' Growth Rank of 4 can be compared against companies in the REITs industry. Historically, Innovative Industrial Properties' own Growth Rank has ranged from 3.00 to 10.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Growth Rank for a REITs company?
A good Growth Rank depends on the REITs industry context. However, Growth Rank should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Growth Rank mean?
A high Growth Rank can signal that a stock is expensive relative to its fundamentals. Growth Rank measures the growth of a company in terms of its revenue and profitability. View historical data on Innovative Industrial Properties and its competitors. Innovative Industrial Properties's current Growth Rank is 4, which is 50% below median its own 10-year median of 8.00. 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 $64.94, compared to a current price of $60.49 — trading 6.9% below its estimated fair value. The current Growth Rank is 4, which is 50% below median its 10-year median of 8.00. Innovative Industrial Properties' overall GF Score™ is 78/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Growth Rank calculated?
Growth Rank is calculated from a company's financial statements. For Innovative Industrial Properties (IIPR), the current Growth Rank is 4 as of Jul. 30, 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 $60.49 is trading 6.9% below its estimated GF Value™ of $64.94. GuruFocus considers Innovative Industrial Properties to be Fairly Valued.

Key valuation signals for IIPR:

  • Growth Rank: 4 (50% below median its 10-year median of 8.00)
  • GF Value™: $64.94 vs. price of $60.49 (6.9% below fair value)
  • GF Score™: 78/100 with 12 warning signs

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

Industry Real EstateREITs
Address 1389 Center Drive, Suite 200, Park City, UT, USA, 84098
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.
78GF Score

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Growth Rank is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$60.49
Price
$64.94
GF Value