Innovative Industrial Properties, Inc. (IIPR) has a MoatMap StockRank of 99/100 based on Quality (65/100), Value (66/100), and Momentum (71/100) factor scores. The current signal is STRONG BUY. Innovative Industrial Properties (IIPR) operates in the specialized industrial real estate niche of the regulated cannabis industry, which could benefit from the 'CRE Bifurcation' theme's focus on resilient industrial segments. The primary asymmetric opportunity, however, hinges on a potential federal-level cannabis reform in the US, which could unlock significant growth for the sector. While this is a powerful potential catalyst, it is a regulatory event rather than a direct macro inflection from the identified themes, and the 'Higher-for-Longer Rates' theme presents a headwind for REITs due.
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.
| Price | $57.06 |
| Market Cap | $1.6B |
| P/E (TTM) | 13.89 |
| P/E (Forward) | 11.37 |
| Price/Book | 0.86 |
| 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 | 14.0% |
| Free Cash Flow | $156M |
Innovative Industrial Properties, Inc. operates in the REIT - Industrial industry, part of the Real Estate sector (United States).