Innovative Industrial PropertiesIIPRPA.PFD -0.72%77 5-Year Yield-on-Cost % is 14.93 as of Jul. 02, 2026, which is 139% above its 10-year median of 6.24. GuruFocus rates IIPRPA.PFD with a GF Score™ of 77/100. The stock has 12 warning signs investors should review. Among 875 REITs companies, Innovative Industrial Properties ranks better than 93.37% on this metric.
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Innovative Industrial Properties 5-Year Yield-on-Cost % Related Terms
IIPRPA.PFD vs SMA, ILPT, LXP: 5-Year Yield-on-Cost % Comparison
For the REIT - Industrial subindustry, Innovative Industrial Properties's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % vs REITs Industry
For the REITs industry and Real Estate sector, Innovative Industrial Properties's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Innovative Industrial Properties's 5-Year Yield-on-Cost % falls into.
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Innovative Industrial Properties (IIPRPA.PFD) has a 5-Year Yield-on-Cost % of 14.93 as of Jul. 02, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Innovative Industrial Properties and its competitors. This is 139% above median its historical median of 6.24. Over the past decade, Innovative Industrial Properties' 5-Year Yield-on-Cost % has ranged from 1.32 to 27.40. According to the industry distribution chart, Innovative Industrial Properties ranks #58 out of 875 companies in the REITs industry, placing it in the top 6.6%.
Is Innovative Industrial Properties' 5-Year Yield-on-Cost % too high?
Innovative Industrial Properties' current 5-Year Yield-on-Cost % of 14.93 is 139% above median its 10-year median of 6.24. Over the past 10 years, this metric has ranged from a low of 1.32 to a high of 27.40. The REITs industry median 5-Year Yield-on-Cost % is 7.23. Innovative Industrial Properties' value of 14.93 is 106.5% above this industry median. Based on the distribution chart, Innovative Industrial Properties ranks #58 out of 875 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. 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' 5-Year Yield-on-Cost % compare to SMA and ILPT?
According to the REITs industry distribution chart, Innovative Industrial Properties ranks #58 out of 875 companies for 5-Year Yield-on-Cost %. This places Innovative Industrial Properties in the top 7% of its industry — outperforming the majority of peers. The industry median 5-Year Yield-on-Cost % is 7.23. Innovative Industrial Properties' value of 14.93 is 106.5% above this benchmark. Historically, Innovative Industrial Properties' own 5-Year Yield-on-Cost % has ranged from 1.32 to 27.40 over the past decade. While the company's 10-year median is 6.24 vs. the industry median of 7.23, 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 5-Year Yield-on-Cost % for a REITs company?
The median 5-Year Yield-on-Cost % among REITs companies is 7.23, based on 875 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Innovative Industrial Properties's current 5-Year Yield-on-Cost % of 14.93 is 106.5% 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Innovative Industrial Properties and its competitors. For the REITs industry, the median 5-Year Yield-on-Cost % is 7.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovative Industrial Properties's current 5-Year Yield-on-Cost % is 14.93, which is 139% above median its own 10-year median of 6.24. 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 5-Year Yield-on-Cost % of 14.93. The current 5-Year Yield-on-Cost % is 14.93, which is 139% above median its 10-year median of 6.24 and 106.5% above the REITs industry median of 7.23. 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 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Innovative Industrial Properties (IIPRPA.PFD), the current 5-Year Yield-on-Cost % is 14.93 as of Jul. 02, 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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