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Innovative Industrial Properties, Inc. (IIPR)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Company Info

ISIN

US45781V1017

CUSIP

45781V101

IPO Date

Dec 1, 2016

Highlights

Market Cap

$1.52B

EPS (TTM)

$5.52

PE Ratio

9.74

Total Revenue (TTM)

$233.06M

Gross Profit (TTM)

$193.83M

EBITDA (TTM)

$187.24M

Year Range

$45.44 - $128.98

Target Price

$67.00

Short %

9.36%

Short Ratio

3.10

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Innovative Industrial Properties, Inc., comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


200.00%400.00%600.00%800.00%December2025FebruaryMarchAprilMay
319.36%
155.90%
IIPR (Innovative Industrial Properties, Inc.)
Benchmark (^GSPC)

Returns By Period

Innovative Industrial Properties, Inc. (IIPR) returned -18.03% year-to-date (YTD) and -46.23% over the past 12 months.


IIPR

YTD

-18.03%

1M

-0.80%

6M

-57.52%

1Y

-46.23%

5Y*

-0.94%

10Y*

N/A

^GSPC (Benchmark)

YTD

-4.67%

1M

10.50%

6M

-3.04%

1Y

8.23%

5Y*

14.30%

10Y*

10.26%

*Annualized

Monthly Returns

The table below presents the monthly returns of IIPR, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20257.56%0.38%-22.51%0.41%-2.41%-18.03%
2024-7.53%5.11%7.55%-0.14%4.24%3.12%12.44%1.20%9.84%-4.02%-15.61%-37.10%-28.55%
2023-11.42%-1.53%-11.98%-9.79%-3.57%13.18%8.52%10.16%-11.25%-5.06%13.69%25.67%8.78%
2022-24.62%-4.91%9.90%-29.61%-7.98%-16.13%-12.25%-4.86%-1.63%22.15%12.13%-14.86%-59.02%
20212.18%4.21%-6.90%1.65%-1.58%6.75%12.55%14.38%-5.39%13.81%-2.38%2.96%47.49%
202017.96%2.73%-16.38%3.33%4.15%9.00%18.42%18.09%1.76%-6.03%31.75%20.00%151.33%
201936.42%27.57%3.96%4.22%-1.30%47.75%-14.48%-15.62%4.46%-17.72%1.86%-0.67%72.52%
2018-11.58%-12.64%8.21%27.63%10.05%-1.87%-11.58%40.21%7.06%-15.03%20.40%-7.30%45.02%
20172.18%-11.18%3.33%5.51%-1.28%-4.90%8.96%-6.41%10.39%5.40%-7.91%79.62%82.30%
2016-5.01%-5.01%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of IIPR is 7, meaning it’s performing worse than 93% of other stocks on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of IIPR is 77
Overall Rank
The Sharpe Ratio Rank of IIPR is 33
Sharpe Ratio Rank
The Sortino Ratio Rank of IIPR is 77
Sortino Ratio Rank
The Omega Ratio Rank of IIPR is 55
Omega Ratio Rank
The Calmar Ratio Rank of IIPR is 1414
Calmar Ratio Rank
The Martin Ratio Rank of IIPR is 88
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Innovative Industrial Properties, Inc. (IIPR) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The current Innovative Industrial Properties, Inc. Sharpe ratio is -1.07. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Innovative Industrial Properties, Inc. with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
-1.07
0.55
IIPR (Innovative Industrial Properties, Inc.)
Benchmark (^GSPC)

Dividends

Dividend History

Innovative Industrial Properties, Inc. provided a 14.34% dividend yield over the last twelve months, with an annual payout of $7.60 per share. The company has been increasing its dividends for 7 consecutive years.


2.00%4.00%6.00%8.00%10.00%12.00%$0.00$2.00$4.00$6.00$8.0020172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017
Dividend$7.60$7.52$7.22$7.10$5.72$4.47$2.83$1.20$0.55

Dividend yield

14.34%11.28%7.16%7.01%2.18%2.44%3.73%2.64%1.70%

Monthly Dividends

The table displays the monthly dividend distributions for Innovative Industrial Properties, Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$1.90$0.00$0.00$1.90
2024$0.00$0.00$1.82$0.00$0.00$1.90$0.00$0.00$1.90$0.00$0.00$1.90$7.52
2023$0.00$0.00$1.80$0.00$0.00$1.80$0.00$0.00$1.80$0.00$0.00$1.82$7.22
2022$0.00$0.00$1.75$0.00$0.00$1.75$0.00$0.00$1.80$0.00$0.00$1.80$7.10
2021$0.00$0.00$1.32$0.00$0.00$1.40$0.00$0.00$1.50$0.00$0.00$1.50$5.72
2020$0.00$0.00$1.00$0.00$0.00$1.06$0.00$0.00$1.17$0.00$0.00$1.24$4.47
2019$0.00$0.00$0.45$0.00$0.00$0.60$0.00$0.00$0.78$0.00$0.00$1.00$2.83
2018$0.00$0.00$0.25$0.00$0.00$0.25$0.00$0.00$0.35$0.00$0.00$0.35$1.20
2017$0.15$0.00$0.00$0.15$0.00$0.00$0.25$0.55

Dividend Yield & Payout


Dividend Yield

Innovative Industrial Properties, Inc. has a dividend yield of 14.34%, which means its dividend payment is significantly above the market average.

Payout Ratio

Innovative Industrial Properties, Inc. has a payout ratio of 139.96%, which is above the market average. This might signify the company's strong earnings or financial health. However, it could also hint at a more mature business phase with potentially slower growth.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-80.00%-60.00%-40.00%-20.00%0.00%December2025FebruaryMarchAprilMay
-75.87%
-8.74%
IIPR (Innovative Industrial Properties, Inc.)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Innovative Industrial Properties, Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Innovative Industrial Properties, Inc. was 78.14%, occurring on Apr 8, 2025. The portfolio has not yet recovered.

The current Innovative Industrial Properties, Inc. drawdown is 75.87%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-78.14%Nov 16, 2021851Apr 8, 2025
-65.47%Jul 12, 2019173Mar 18, 2020143Oct 9, 2020316
-33.22%Jan 3, 201838Feb 27, 201862May 25, 2018100
-24.76%Feb 25, 20218Mar 8, 2021105Aug 5, 2021113
-21.36%Jan 6, 201744Mar 10, 2017159Oct 25, 2017203

Volatility

Volatility Chart

The current Innovative Industrial Properties, Inc. volatility is 15.48%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%25.00%December2025FebruaryMarchAprilMay
15.48%
11.45%
IIPR (Innovative Industrial Properties, Inc.)
Benchmark (^GSPC)

Financials

Financial Performance

The chart below illustrates the trends in the financial health of Innovative Industrial Properties, Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.


Annual
Quarterly

0.0

Earnings Per Share

The chart presents the Earnings Per Share (EPS) performance of Innovative Industrial Properties, Inc., comparing actual results with analytics estimates. The company met analyst expectations for EPS in the past quarter.


0.801.001.201.4020212022202320242025
1.36
1.32
Actual
Estimate

Valuation

The Valuation section provides an overview of how Innovative Industrial Properties, Inc. is priced in the market compared to other companies in the REIT - Industrial industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.


PE Ratio

The chart displays the Price-to-Earnings (P/E) ratio for IIPR, comparing it with other companies in the REIT - Industrial industry. Currently, IIPR has a P/E ratio of 9.7. This P/E ratio is considered low compared to industry peers, which may suggest that the stock is undervalued or that the company has weaker growth prospects.

PEG Ratio

The chart shows the Price/Earnings to Growth (PEG) ratio for IIPR compared to other companies in the REIT - Industrial industry. IIPR currently has a PEG ratio of 0.0. This PEG ratio is low compared to industry peers, which could indicate the stock is undervalued relative to its expected growth.

PS Ratio

This chart shows the Price-to-Sales (P/S) ratio for IIPR relative to other companies in the REIT - Industrial industry. Currently, IIPR has a P/S ratio of 5.0. This P/S ratio falls within the average range for the industry, suggesting the stock is fairly valued based on its revenue.

PB Ratio

The chart illustrates the Price-to-Book (P/B) ratio for IIPR in comparison with other companies in the REIT - Industrial industry. Currently, IIPR has a P/B value of 0.8. This P/B ratio is in line with the industry average, suggesting the stock is valued fairly in relation to its book value.

Income Statement



TTM
Revenue

Total Revenue

Cost Of Revenue

Gross Profit

Operating Expenses

Selling, General & Admin Expenses

R&D Expenses

Depreciation And Amortization

Total Operating Expenses

Income

Income Before Tax

Operating Income

EBITDA

EBIT

Earnings From Continuing Operations

Net Income

Income Tax Expense

Other Non-Operating Income (Expenses)

Extraordinary Items

Discontinued Operations

Effect Of Accounting Charges

Non Recurring

Minority Interest

Other Items

Interest Income

Interest Expense

Net Interest Income

Values in undefined except per share items