Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
IIPR
Strong BuyFLAGInnovative Industrial Properties, Inc. · Real Estate · United States · $1.6B · Avg Vol: $18M/d
Innovative Industrial Properties is a REIT leasing cultivation facilities to US cannabis operators, and it carries a nameable, recurring problem: several tenants have defaulted on rent as the cannabis sector's economics deteriorated, forcing re-leasing at lower rates. The high momentum score reflects speculation on federal rescheduling rather than improved tenant credit. That tenant credit issue is specific and current, so this withholds a screen-pass without being a confirmed company failure.
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% | 263.7M | 260.8M | 270.9M | 0.9% |
| EPS | 5.57 | 5.82 | 5.58 | 3.98 | -10.6% | 4.42 | 4.20 | 4.65 | 8.1% |
| Shares | 28.0M | 28.1M | 28.3M | 28.0M | +0.2% | 27.6M | — | — | — |
| Debt | 301.5M | 300.9M | 297.9M | 393.1M | 9.2% | 609.0M | — | — | — |
| Equity | 2.0B | 2.0B | 1.9B | 1.8B | -2.0% | — | — | — | — |
| Op CF | 234.1M | 255.5M | 258.4M | 198.2M | -5.4% | 196.4M | — | — | — |
| Inv CF | -396.2M | -6.8M | -56.0M | -174.3M | — | — | — | — | — |
| Fin CF | 164.2M | -195.6M | -197.9M | -122.5M | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
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) | $1.6B | 89 | Strong Buy |
| SMA | SmartStop Self Storage REIT, Inc. | $1.8B | 40 | Hold |
| ILPT | Industrial Logistics Properties Trust | $557M | 56 | Hold |
| COLD | Americold Realty Trust, Inc. | $4.3B | 56 | Hold |
| CUBE | CubeSmart | $9.1B | 67 | Buy |
| LXP | LXP Industrial Trust | $3.6B | 48 | Hold |
| STAG | STAG Industrial, Inc. | $7.3B | 49 | Hold |
| FR | First Industrial Realty Trust, Inc. | $8.5B | 46 | Hold |
| TRNO | Terreno Realty Corporation | $7.3B | 42 | Hold |
| EGP | EastGroup Properties, Inc. | $10.8B | 49 | Hold |
Peer medians: ROE 4.8% · P/E 25.1x · Gross margin 66.3%