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IIPR INNOVATIVE INDUSTRIAL PROPERTIES INC

Trailing twelve months to 2026-06-30 · as filed 2026-08-04, not restated
Real Estate

Scale

Market cap
$1.6bn
Revenue TTM
$264m
Net income TTM
$138m
Free cash flow
Composite score
65.2
Sector rank
#1772

Valuation

P / E
11.3
EV / EBITDA
6.5
EV / sales
5.1
FCF yield
Earnings yield vs 10-yr
4.09pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
52.3%
EBITDA margin
79.7%
ROE
7.4%
ROIC
8.2%
Revenue growth
-8.4%

Insider activity, last 90 days

Net open-market
$0.00m
Buyers
0
Sellers
0

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

Reduced Capital Availability and Significant Debt Maturities for Cannabis Operators Capital availability for regulated cannabis operators remains constrained due to a combination of higher interest rates, increased market volatility, regulatory uncertainty, and the continued federal illegality of cannabis in the United States, which limits access to traditional bank financing and public capital markets. Since 2021, capital availability for the regulated cannabis industry has declined, in part due to broader macroeconomic conditions. …INNOVATIVE INDUSTRIAL PROPERTIES INC, 10-Q, period ended 2026-06-30, filed 2026-08-04

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