Innovative Industrial Properties (LTS:0JBD) ROCE %: 7.22% (As of Mar. 2026)


LTS:0JBD Innovative Industrial Properties Inc LTS:0JBD
77 GF Score
Price $62.30
GF Value $64.05
Valuation Fairly Valued
! 12 Warning Signs
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What is Innovative Industrial Properties ROCE %?

Innovative Industrial Properties LTS:0JBD +2.59% 77 ROCE % is 7.22% as of Mar. 2026. GuruFocus rates LTS:0JBD with a GF Score™ of 77/100 and a GF Value™ of $64.05 (Fairly Valued). The stock has 12 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Innovative Industrial Properties's annualized ROCE % for the quarter that ended in Mar. 2026 was 7.22%.

Innovative Industrial Properties  (LTS:0JBD) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Innovative Industrial Properties ROCE % Related Terms

Innovative Industrial Properties ROCE % Historical Data

* Premium members only.

The historical data trend for Innovative Industrial Properties's ROCE % 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.

Innovative Industrial Properties ROCE % Chart

Innovative Industrial Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.24 8.15 8.03 7.90 6.23

Innovative Industrial Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 6.37 5.53 6.23 6.88 7.22
LTS:0JBD
77GF Score
Innovative Industrial Properties Inc LTS:0JBD
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Innovative Industrial Properties ROCE % Calculation

Innovative Industrial Properties's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=136.975/( ( (2378.047 - 132.784) + (2370.858 - 221.554) )/ 2 )
=136.975/( (2245.263+2149.304)/ 2 )
=136.975/2197.2835
=6.23 %

Innovative Industrial Properties's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=156.96/( ( (2370.858 - 221.554) + (2393.98 - 197.713) )/ 2 )
=156.96/( ( 2149.304 + 2196.267 )/ 2 )
=156.96/2172.7855
=7.22 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 7.22% mean?
Innovative Industrial Properties (LTS:0JBD) has a ROCE % of 7.22% as of Mar. 2026.
Is Innovative Industrial Properties' ROCE % too high?
Innovative Industrial Properties' current ROCE % is 7.22%. The REITs industry median ROCE % is 5.17. Innovative Industrial Properties' value of 7.22% is 39.7% above this industry median. 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' ROCE % compare to SMA and ILPT?
Innovative Industrial Properties' ROCE % of 7.22% can be compared against companies in the REITs industry. The industry median ROCE % is 5.17. Innovative Industrial Properties' value of 7.22% is 39.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a REITs company?
The median ROCE % among REITs companies is 5.17, based on 757 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Innovative Industrial Properties's current ROCE % of 7.22% is 39.7% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median ROCE % is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovative Industrial Properties's current ROCE % is 7.22%. 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 (LTS:0JBD) is currently considered Fairly Valued. The stock's GF Value™ is $64.05, compared to a current price of $62.30 — trading 2.7% below its estimated fair value. The current ROCE % is 7.22% and 39.7% above the REITs industry median of 5.17. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Innovative Industrial Properties (LTS:0JBD), the current ROCE % is 7.22% 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.

Is Innovative Industrial Properties (LTS:0JBD) Overvalued in 2026?

Based on GuruFocus' analysis, Innovative Industrial Properties stock appears to be undervalued. The current stock price of $62.30 is trading 2.7% below its estimated GF Value™ of $64.05. GuruFocus considers Innovative Industrial Properties to be Fairly Valued.

Key valuation signals for LTS:0JBD:

  • ROCE %: 7.22%
  • GF Value™: $64.05 vs. price of $62.30 (2.7% below fair value)
  • GF Score™: 77/100 with 12 warning signs
  • Industry Position: 39.7% above the REITs median

No single metric tells the full story. See the LTS:0JBD 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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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$62.30
Price
$64.05
GF Value