What is Innovative Industrial Properties, Inc.'s (IIPR) StockRank?

MoatMap's StockRank for Innovative Industrial Properties, Inc. (IIPR) is 98/100, with a Strong Buy signal. This is a composite score combining Quality (66), Value (60), and Momentum (80) factor ranks across MoatMap's 20,000+ stock universe.

Does Innovative Industrial Properties, Inc. have an economic moat?

Innovative Industrial Properties, Inc. (IIPR) has a Quality factor score of 66/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Innovative Industrial Properties, Inc. a buy, hold, or sell?

MoatMap's current signal for Innovative Industrial Properties, Inc. (IIPR) is Strong Buy, based on a StockRank of 98/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is Innovative Industrial Properties, Inc. in?

Innovative Industrial Properties, Inc. (IIPR) operates in the Real Estate sector, specifically the REIT - Industrial industry (United States).

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IIPR

STRONG BUY

Innovative Industrial Properties, Inc. · Real Estate · United States · $1.8B · Avg Vol: $28M/d

StockRank

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P/E (TTM)

16.0x

ROE

6.3%

D/E

0.2x

Dividend %

12.1%

COMPANY DESCRIPTION

Innovative Industrial Properties, Inc. (IIPR) is a real estate investment trust (REIT) that acquires, owns, and manages specialized industrial properties leased to state-licensed medical cannabis operators in the United States. As the first and leading REIT in the regulated cannabis space, IIPR provides critical capital solutions through sale-leaseback transactions, benefiting from federal restrictions on traditional financing for the industry.

FINANCIAL SUMMARY (USD)

Year	2022	2023	2024	2025	CAGR	TTM	2026E	2027E	Fwd CAGR
Revenue	276.4M	309.5M	308.5M	266.0M	-1.3%	263.2M	274.6M	276.2M	1.9%
EPS	5.57	5.82	5.58	3.98	-10.6%	3.93	4.33	4.85	10.4%
Shares	28.0M	28.1M	28.3M	28.0M	+0.2%	29.0M	—	—	—
Debt	301.5M	300.9M	297.9M	393.1M	9.2%	366.0M	—	—	—
Equity	2.0B	2.0B	1.9B	1.8B	-2.0%	—	—	—	—
Op CF	234.1M	255.5M	258.4M	198.2M	-5.4%	200.0M	—	—	—
Inv CF	-396.2M	-6.8M	-56.0M	-174.3M	—	—	—	—	—
Fin CF	164.2M	-195.6M	-197.9M	-122.5M	—	—	—	—	—

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PRICE (1Y)+9.1%

SMA 50SMA 200

$63.03

RSI (14)

81.3

52W High

$63.71

From 52W High

1.0%

SCORE BREAKDOWN

Quality

ROIC

6.4%65.5

ROE

6.3%53.9

GP/Assets

9.8%76.2

Op. Margin

49.8%68.7

FCF/Assets

6.6%83.3

Piotroski

537.3

Int. Cover

7.3x66.1

D/E Ratio

0.19x90.2

Current Ratio

0.35x15.9

Value

P/E (TTM)

16.0x43.9

EV/EBITDA

11.0x80.1

P/FCF

11.7x62.4

P/B

1.0x43.2

P/S

6.9x27.9

Div Yield

12.1%95.3

Momentum

52W High %

99%96.4

RS 6M

30%95.7

SMA 50/200

1.15x93.0

EPS Rev 4W

0.0%82.1

EPS Rev 12W

+11.4%70.5

EPS Improve

+22%53.6

Q Growth

6%42.3

FUNDAMENTALS

Market Cap

$1.8B

P/E (Forward)

13.2x

Gross Margin

88.5%

SECTOR PEERS

Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of IIPR are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
IIPR	Innovative Industrial Properties, Inc.(you)	$1.8B	98	STRONG BUY
LXP	LXP Industrial Trust	$3.3B	62	HOLD
COLD	Americold Realty Trust, Inc.	$4.6B	67	BUY
TRNO	Terreno Realty Corporation	$7.0B	75	BUY
ILPT	Industrial Logistics Properties Trust	$619M	69	BUY
NSA	National Storage Affiliates Trust	$6.7B	72	BUY
CUBE	CubeSmart	$9.4B	74	BUY
FR	First Industrial Realty Trust, Inc.	$8.7B	72	BUY
STAG	STAG Industrial, Inc.	$7.7B	63	HOLD
LINE	Lineage, Inc.	$11.0B	70	BUY

Peer medians: ROE 5.7% · P/E 27.0x · Gross margin 67.2%

Innovative Industrial Properties, Inc. (IIPR) — Stock Score Summary

Innovative Industrial Properties, Inc. (IIPR) has a MoatMap StockRank of 98/100 based on Quality (66/100), Value (60/100), and Momentum (80/100) factor scores. The current signal is STRONG BUY.

Key Financial Metrics

Price	$63.03
Market Cap	$1.8B
P/E (TTM)	16.04
P/E (Forward)	13.16
Price/Book	1.00
Return on Equity	6.3%
Return on Invested Capital	6.4%
Debt/Equity	19.32
Gross Margin	88.5%
Operating Margin	49.8%
Revenue Growth	-3.8%
Dividend Yield	12.1%
Free Cash Flow	$156M

Innovative Industrial Properties, Inc. operates in the REIT - Industrial industry, part of the Real Estate sector (United States).

Frequently Asked Questions

What is Innovative Industrial Properties, Inc.’s (IIPR) StockRank?: MoatMap’s StockRank for Innovative Industrial Properties, Inc. (IIPR) is 98/100, with a Strong Buy signal. It is a composite of Quality (66), Value (60), and Momentum (80) factor ranks across MoatMap’s 20,000+ stock universe.
Does Innovative Industrial Properties, Inc. have an economic moat?: Innovative Industrial Properties, Inc. (IIPR) has a Quality factor score of 66/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Innovative Industrial Properties, Inc. a buy, hold, or sell?: MoatMap’s current signal for Innovative Industrial Properties, Inc. (IIPR) is Strong Buy, based on a StockRank of 98/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Innovative Industrial Properties, Inc. in?: Innovative Industrial Properties, Inc. (IIPR) operates in the Real Estate sector, specifically the REIT - Industrial industry (United States).