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Innovative Industrial Properties, Inc. IIPR-PA

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Price alert · IIPR-PA

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24.00 USD -0.11 (-0.46%)

At closeNov 5, 2026, 4:00 PM EST

24.24 +0.24 +1.00%

After hours · Nov 5, 4:00 PM ET

24.00 Day range 24.21
20.86 52-week range 25.39
YTD
-0.74%
1 year
-4.46%

Financial health

Altman Z-Score

0.33 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

7 / 9 Strong

Nine pass/fail tests of profitability, leverage and efficiency.

Rating

A4 / 5 overall

  • DCF 4
  • Return on Equity 4
  • Return on Assets 5
  • Debt / Equity 1
  • P/E 4
  • P/B 5

Valuation

P/E 11.9×
FY 2016: -4.0×FY 2017: -1517×FY 2018: 46.3×FY 2019: 46.5×FY 2020: 55.8×FY 2021: 56.1×FY 2022: 18.2×FY 2023: 17.3×FY 2024: 11.9×FY 2025: 11.9×
FY 2016 5y median 17.3× FY 2025
P/S 5.0×
FY 2016: 54.6×FY 2017: 17.0×FY 2018: 21.9×FY 2019: 17.9×FY 2020: 30.5×FY 2021: 30.7×FY 2022: 10.0×FY 2023: 9.1×FY 2024: 6.1×FY 2025: 5.0×
FY 2016 5y median 9.1× FY 2025
P/B 0.7×
FY 2016: 0.3×FY 2017: 1.5×FY 2018: 1.2×FY 2019: 1.5×FY 2020: 2.3×FY 2021: 3.9×FY 2022: 1.4×FY 2023: 1.4×FY 2024: 1.0×FY 2025: 0.7×
FY 2016 5y median 1.4× FY 2025
P/FCF 7.6×
FY 2016: -0.6×FY 2017: -122×FY 2018: -49.1×FY 2019: -2.7×FY 2020: -8.5×FY 2021: 33.3×FY 2022: -19.8×FY 2023: 11.0×FY 2024: 7.3×FY 2025: 7.6×
FY 2016 5y median 7.6× FY 2025
EV/EBITDA 8.0×
FY 2016: 23.5×FY 2017: 141×FY 2018: 32.3×FY 2019: 22.7×FY 2020: 35.6×FY 2021: 37.9×FY 2022: 12.8×FY 2023: 12.0×FY 2024: 8.2×FY 2025: 8.0×
FY 2016 5y median 12.0× FY 2025
EV/Sales 6.3×
FY 2016: -48.3×FY 2017: 15.2×FY 2018: 21.0×FY 2019: 19.1×FY 2020: 30.6×FY 2021: 31.9×FY 2022: 10.8×FY 2023: 9.6×FY 2024: 6.6×FY 2025: 6.3×
FY 2016 5y median 9.6× FY 2025
FCF Yield 13.2%
FY 2016: -161.8%FY 2017: -0.8%FY 2018: -2.0%FY 2019: -37.4%FY 2020: -11.8%FY 2021: 3.0%FY 2022: -5.0%FY 2023: 9.1%FY 2024: 13.7%FY 2025: 13.2%
FY 2016 5y median 9.1% FY 2025

Profitability

Gross Margin 88.7%
FY 2016: 72.9%FY 2017: 98.2%FY 2018: 97.0%FY 2019: 97.1%FY 2020: 95.8%FY 2021: 97.8%FY 2022: 96.2%FY 2023: 92.0%FY 2024: 90.8%FY 2025: 88.7%
FY 2016 5y median 92.0% FY 2025
Operating Margin 46.7%
FY 2016: -1368.2%FY 2017: -3.5%FY 2018: 36.1%FY 2019: 55.8%FY 2020: 59.7%FY 2021: 66.2%FY 2022: 61.4%FY 2023: 56.4%FY 2024: 54.6%FY 2025: 46.7%
FY 2016 5y median 56.4% FY 2025
Net Margin 43.0%
FY 2016: -1368.2%FY 2017: -1.1%FY 2018: 47.2%FY 2019: 52.6%FY 2020: 56.2%FY 2021: 55.7%FY 2022: 55.9%FY 2023: 53.5%FY 2024: 52.4%FY 2025: 43.0%
FY 2016 5y median 53.5% FY 2025
ROE 6.2%
FY 2016: -7.3%FY 2017: -0.1%FY 2018: 2.6%FY 2019: 4.3%FY 2020: 4.3%FY 2021: 7.1%FY 2022: 7.9%FY 2023: 8.5%FY 2024: 8.3%FY 2025: 6.2%
FY 2016 5y median 7.9% FY 2025
ROIC 227.9%
FY 2016: -7.2%FY 2017: -0.3%FY 2018: 2.0%FY 2019: 3.6%FY 2020: 4.2%FY 2021: 7.0%FY 2022: 7.5%FY 2023: 7.7%FY 2024: 7.5%FY 2025: 227.9%
FY 2016 5y median 7.5% FY 2025
ROA 4.8%
FY 2016: -6.9%FY 2017: -0.1%FY 2018: 2.5%FY 2019: 3.1%FY 2020: 3.7%FY 2021: 5.5%FY 2022: 6.4%FY 2023: 6.9%FY 2024: 6.8%FY 2025: 4.8%
FY 2016 5y median 6.4% FY 2025

Growth (YoY)

Revenue -13.8%
FY 2016: -94.3%FY 2017: 1900.0%FY 2018: 130.3%FY 2019: 202.1%FY 2020: 161.7%FY 2021: 75.0%FY 2022: 35.1%FY 2023: 12.0%FY 2024: -0.3%FY 2025: -13.8%
FY 2016 FY 2025
Operating Income -26.3%
FY 2016: -188.1%FY 2017: 94.9%FY 2018: 2493.7%FY 2019: 367.1%FY 2020: 179.7%FY 2021: 94.1%FY 2022: 25.3%FY 2023: 2.9%FY 2024: -3.6%FY 2025: -26.3%
FY 2016 FY 2025
EPS (diluted) -28.8%
FY 2016: -257.8%FY 2017: 99.5%FY 2018: 4607.0%FY 2019: 67.7%FY 2020: 103.1%FY 2021: 39.1%FY 2022: 21.3%FY 2023: 4.5%FY 2024: -4.3%FY 2025: -28.8%
FY 2016 FY 2025
Free Cash Flow -32.4%
FY 2016: 0.0%FY 2017: 96.8%FY 2018: -636.6%FY 2019: -4430.0%FY 2020: -40.1%FY 2021: 145.0%FY 2022: -174.0%FY 2023: 282.9%FY 2024: 1.1%FY 2025: -32.4%
FY 2016 FY 2025

Financial Health

Current Ratio 0.1×
FY 2016: 12.7×FY 2017: 1.8×FY 2018: 0.8×FY 2019: 1.9×FY 2020: 1.2×FY 2021: 0.7×FY 2022: 0.7×FY 2023: 1.2×FY 2024: 1.3×FY 2025: 0.1×
FY 2016 5y median 0.7× FY 2025
Quick Ratio 0.1×
FY 2016: 12.7×FY 2017: 1.8×FY 2018: 0.8×FY 2019: 1.9×FY 2020: 1.2×FY 2021: 0.7×FY 2022: 0.7×FY 2023: 1.2×FY 2024: 1.3×FY 2025: 0.1×
FY 2016 5y median 0.7× FY 2025
Debt / Equity 0.2×
FY 2016: 0.0×FY 2017: 0.0×FY 2018: 0.0×FY 2019: 0.2×FY 2020: 0.1×FY 2021: 0.2×FY 2022: 0.2×FY 2023: 0.2×FY 2024: 0.2×FY 2025: 0.2×
FY 2016 5y median 0.2× FY 2025
Net Debt / EBITDA 1.7×
FY 2016: 50.2×FY 2017: -17.0×FY 2018: -1.4×FY 2019: 1.4×FY 2020: 0.1×FY 2021: 1.4×FY 2022: 0.9×FY 2023: 0.6×FY 2024: 0.6×FY 2025: 1.7×
FY 2016 5y median 0.9× FY 2025
Interest Coverage 6.1×
FY 2016: 0.0×FY 2017: 0.0×FY 2018: 0.0×FY 2019: 4.0×FY 2020: 9.4×FY 2021: 7.5×FY 2022: 9.3×FY 2023: 10.8×FY 2024: 10.4×FY 2025: 6.1×
FY 2016 5y median 9.3× FY 2025

Dividends

Dividend Yield 16.6%
FY 2016: 0.0%FY 2017: 1.0%FY 2018: 2.5%FY 2019: 3.0%FY 2020: 2.2%FY 2021: 2.1%FY 2022: 6.7%FY 2023: 7.2%FY 2024: 11.4%FY 2025: 16.6%
FY 2016 5y median 7.2% FY 2025
Payout Ratio 191.8%
FY 2016: 0.0%FY 2017: -1458.3%FY 2018: 114.2%FY 2019: 102.0%FY 2020: 116.9%FY 2021: 116.1%FY 2022: 120.0%FY 2023: 123.2%FY 2024: 132.1%FY 2025: 191.8%
FY 2016 5y median 123.2% FY 2025

Annual · latest fiscal year ends 2025-12-31