IIPR (Innovative Industrial Properties) Momentum Rank: 8 (As of Jul. 20, 2026) — 14% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IIPR Innovative Industrial Properties Inc IIPR
77 GF Score
Price $64.35
GF Value $64.87
Valuation Fairly Valued
! 12 Warning Signs
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What is Innovative Industrial Properties Momentum Rank?

Innovative Industrial Properties IIPR -0.19% 77 Momentum Rank is 8 as of Jul. 20, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates IIPR with a GF Score™ of 77/100 and a GF Value™ of $64.87 (Fairly Valued). The stock has 12 warning signs investors should review.

Innovative Industrial Properties has the Momentum Rank of 8.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Innovative Industrial Properties Momentum Rank Related Terms

IIPR vs SMA, ILPT, LXP: Momentum Rank Comparison

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

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

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


IIPR
77GF Score
Innovative Industrial Properties Inc IIPR
Momentum Rank is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Momentum Rank →
What does a Momentum Rank of 8 mean?
Innovative Industrial Properties (IIPR) has a Momentum Rank of 8 as of Jul. 20, 2026. Momentum Rank is determined using the standardized momentum ratio, measuring the speed and velocity of price changes in a stock. View historical data on Innovative Industrial Properties and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Innovative Industrial Properties' Momentum Rank has ranged from 2.00 to 10.00.
Is Innovative Industrial Properties' Momentum Rank too high?
Innovative Industrial Properties' current Momentum Rank of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 10.00. Overall, Innovative Industrial Properties has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Innovative Industrial Properties' Momentum Rank compare to SMA and ILPT?
Innovative Industrial Properties' Momentum Rank of 8 can be compared against companies in the REITs industry. Historically, Innovative Industrial Properties' own Momentum Rank has ranged from 2.00 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 Momentum Rank for a REITs company?
A good Momentum Rank depends on the REITs industry context. However, Momentum 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 Momentum Rank mean?
A high Momentum Rank can signal that a stock is expensive relative to its fundamentals. Momentum Rank is determined using the standardized momentum ratio, measuring the speed and velocity of price changes in a stock. View historical data on Innovative Industrial Properties and its competitors. Innovative Industrial Properties's current Momentum Rank is 8, which is 14% above median its own 10-year median of 7.00. 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 $64.87, compared to a current price of $64.35 — trading 0.8% below its estimated fair value. The current Momentum Rank is 8, which is 14% above median its 10-year median of 7.00. 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 Momentum Rank calculated?
Momentum Rank is calculated from a company's financial statements. For Innovative Industrial Properties (IIPR), the current Momentum Rank is 8 as of Jul. 20, 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 $64.35 is trading 0.8% below its estimated GF Value™ of $64.87. GuruFocus considers Innovative Industrial Properties to be Fairly Valued.

Key valuation signals for IIPR:

  • Momentum Rank: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: $64.87 vs. price of $64.35 (0.8% below fair value)
  • GF Score™: 77/100 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.
77GF Score

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

$64.35
Price
$64.87
GF Value