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About the company
Innovative Industrial Properties, Inc. is an internally managed real estate investment trust (REIT). The Company is focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated cannabis facilities. The Company is engaged in the business of providing real estate for the regulated cannabis industry. It acquires its properties through sale-leaseback transactions and third-party purchases. The Company owns approximately d 108 properties comprising an aggregate of approximately 8.9 million rentable square feet (including approximately 1.4 million rentable square feet under development/redevelopment) in Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington. Its subsidiaries include IIP-AZ 1 LLC, IIP-AZ 2 LLC, IIP-AZ 3 LLC, IIP-CA 2 LP, and IIP-CA 1 LP.
- Revenue in USD (TTM)308.89m
- Net income in USD160.91m
- Incorporated2016
- Employees21.00
- LocationInnovative Industrial Properties Inc1389 Center Drive, Suite 200PARK CITY 84098United StatesUSA
- Phone+1 (858) 997-3332
- Websitehttps://innovativeindustrialproperties.com/
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Uniti Group Inc | 1.15bn | -22.60m | 872.13m | 813.00 | -- | -- | 3.03 | 0.7607 | -0.1285 | -0.1285 | 4.58 | -10.45 | 0.2299 | -- | 22.44 | 1,410,119.00 | -0.4651 | -2.81 | -0.6531 | -3.90 | -- | -- | -2.02 | -12.36 | -- | 1.21 | 1.77 | -- | 1.86 | 2.47 | -779.53 | -- | -0.3123 | -24.21 |
| Franklin BSP Realty Trust Inc | 580.06m | 110.31m | 1.08bn | -- | 9.78 | 0.8418 | 9.25 | 1.85 | 1.34 | 1.34 | 7.06 | 19.80 | 0.0978 | -- | 9.60 | -- | 2.30 | 1.21 | 2.67 | 1.73 | 37.25 | 44.46 | 23.53 | 20.31 | -- | 78.35 | 0.7176 | -- | 55.49 | 28.56 | 532.89 | 19.17 | -- | -- |
| Custom Truck One Source Inc | 1.82bn | 22.58m | 1.13bn | 2.58k | 51.60 | 1.26 | 4.60 | 0.6194 | 0.0911 | 0.0911 | 7.47 | 3.73 | 0.5596 | 1.53 | 10.83 | 707,071.30 | 0.6926 | -1.54 | 0.9377 | -1.89 | 23.86 | 23.31 | 1.24 | -2.71 | 0.2247 | 1.18 | 0.6256 | -- | 18.56 | -- | 30.35 | 57.85 | -- | -- |
| NetSTREIT Corp | 140.13m | 6.41m | 1.31bn | 28.00 | 196.85 | 1.04 | 24.57 | 9.35 | 0.0907 | 0.0907 | 2.05 | 17.19 | 0.0767 | -- | 14.44 | 5,004,536.00 | 0.3537 | 0.2097 | 0.3588 | 0.2181 | 88.17 | 88.97 | 4.61 | 3.05 | -- | 1.80 | 0.3569 | 1,216.27 | 37.00 | 40.81 | -15.77 | -- | -- | -- |
| PROG Holdings Inc | 2.39bn | 112.77m | 1.56bn | 1.61k | 14.70 | 2.67 | 0.9129 | 0.6515 | 2.46 | 2.46 | 52.46 | 13.55 | 1.61 | -- | 40.64 | 1,491,279.00 | 7.59 | 7.20 | 8.75 | 8.75 | -- | -- | 4.71 | 5.04 | -- | 7.51 | 0.5032 | 2.95 | -7.30 | -8.86 | 40.65 | -6.63 | -34.35 | -- |
| Hertz Global Holdings Inc | 9.40bn | 234.00m | 1.69bn | 27.00k | 8.94 | 0.5999 | 0.4956 | 0.1795 | 0.6177 | 0.6177 | 30.02 | 9.20 | 0.3914 | -- | 8.37 | 348,296.30 | 0.9738 | 1.19 | 1.17 | 1.41 | 40.45 | 42.38 | 2.49 | 3.13 | -- | 0.6328 | 0.8514 | 0.00 | 7.90 | -0.2815 | -70.08 | -- | -5.20 | -- |
| H&E Equipment Services, Inc. | 1.52bn | 169.51m | 1.76bn | 2.77k | 10.32 | 3.19 | 3.08 | 1.16 | 4.66 | 4.66 | 41.73 | 15.08 | 0.5861 | 5.48 | 6.59 | 549,038.30 | 6.54 | 3.68 | 7.79 | 4.36 | 46.63 | 41.56 | 11.17 | 6.54 | -- | 4.33 | 0.7316 | 51.47 | 18.06 | 3.47 | 26.63 | 17.18 | 10.56 | 0.00 |
| DigitalBridge Group Inc | 877.28m | 253.07m | 2.46bn | 300.00 | 9.13 | 2.30 | 5.93 | 2.81 | 1.55 | 1.83 | 5.28 | 10.94 | 0.1235 | -- | 8.19 | 2,924,267.00 | 7.47 | -1.11 | 11.60 | -1.51 | 39.84 | 93.83 | 60.50 | -36.50 | -- | 25.72 | 0.1269 | -- | 18.22 | -19.08 | 195.42 | -- | -- | -53.09 |
| Outfront Media Inc | 1.83bn | -437.50m | 2.50bn | 2.38k | -- | 4.77 | -- | 1.36 | -2.65 | -2.65 | 11.10 | 3.88 | 0.3174 | -- | 7.16 | 771,915.80 | -7.42 | -0.6165 | -8.30 | -0.6864 | 74.46 | 72.97 | -23.38 | -2.13 | -- | 1.70 | 0.8121 | -- | 2.74 | 2.54 | -423.42 | -- | 6.18 | -- |
| Innovative Industrial Properties Inc | 308.89m | 160.91m | 3.22bn | 21.00 | 19.99 | 1.66 | 13.94 | 10.43 | 5.69 | 5.69 | 10.91 | 69.03 | 0.1284 | -- | -- | 14,709,190.00 | 6.81 | 6.27 | 7.25 | 6.70 | 91.59 | 95.16 | 53.07 | 54.96 | -- | 18.78 | 0.1318 | 129.47 | 11.99 | 83.72 | 6.93 | 97.22 | 18.32 | 43.18 |
| Avis Budget Group Inc | 12.00bn | 1.21bn | 4.34bn | 18.00k | 3.85 | -- | 1.15 | 0.3618 | 31.65 | 31.65 | 321.99 | -14.31 | 0.394 | -- | 13.10 | 666,777.80 | 3.97 | 4.60 | 4.39 | 5.11 | 63.00 | 54.36 | 10.08 | 11.05 | -- | 1.88 | 1.02 | 6.70 | 0.1167 | 5.65 | -40.96 | 58.14 | 3.81 | -- |
| Herc Holdings Inc | 3.35bn | 345.00m | 4.43bn | 7.20k | 12.89 | 3.38 | 3.98 | 1.32 | 12.10 | 12.10 | 117.40 | 46.22 | 0.4963 | -- | 6.23 | 464,722.20 | 5.12 | 4.41 | 5.56 | 4.87 | 60.91 | 58.66 | 10.31 | 8.61 | -- | 2.87 | 0.7425 | 13.74 | 19.83 | 10.67 | 5.18 | 48.35 | 11.70 | -- |
| Essential Properties Realty Trust Inc | 379.41m | 194.36m | 4.77bn | 40.00 | 22.14 | 1.47 | 15.70 | 12.57 | 1.23 | 1.23 | 2.38 | 18.48 | 0.0829 | -- | 3.75 | 9,485,200.00 | 4.27 | 3.46 | 4.35 | 3.56 | 98.73 | 98.23 | 51.52 | 43.48 | -- | 4.36 | 0.3395 | 118.54 | 25.51 | 30.17 | 42.27 | 65.53 | 14.62 | 39.77 |
Data as of May 18 2024. Currency figures normalised to Innovative Industrial Properties Inc's reporting currency: US Dollar USD
47.55%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| BlackRock Fund Advisorsas of 31 Mar 2024 | 4.42m | 15.68% |
| The Vanguard Group, Inc.as of 31 Mar 2024 | 4.34m | 15.39% |
| SSgA Funds Management, Inc.as of 31 Dec 2023 | 1.79m | 6.35% |
| Zimmer Partners LPas of 31 Dec 2023 | 950.63k | 3.37% |
| Charles Schwab Investment Management, Inc.as of 31 Mar 2024 | 405.17k | 1.44% |
| Northern Trust Investments, Inc.(Investment Management)as of 31 Dec 2023 | 372.46k | 1.32% |
| Citadel Advisors LLCas of 31 Dec 2023 | 329.29k | 1.17% |
| Norges Bank Investment Managementas of 31 Dec 2023 | 308.63k | 1.09% |
| Dimensional Fund Advisors LPas of 31 Mar 2024 | 282.57k | 1.00% |
| Legal & General Investment Management Ltd.as of 31 Dec 2023 | 211.13k | 0.75% |
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Data from 31 Dec 2023 - 31 Mar 2024Source: FactSet Research Systems Inc.
