Innovative Industrial Properties, Inc.
IIPRReal EstateNASDAQREIT - Industrial
Scan Results
Daily timeframeInnovative Industrial Properties, Inc. operates in the REIT - Industrial space. Innovative Industrial Properties, Inc. The company carries a $1.87B market cap, placing it firmly in the small-cap category. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties and life science real estate.
Market Cap
$1.87B
Beta
1.43
P/E (TTM)
16.45
P/E (Fwd)
13.46
EPS (TTM)
$3.92
EPS (Fwd)
$4.79
ROE
6.3%
ROA
3.3%
Cash
$89.1M
Total Debt
$366.0M
Free CF
$156.3M
52W Change
22.9%
Annual Financials
Cash vs Debt
Innovative Industrial Properties, Inc. carries $366.0M in total debt against $89.1M in cash reserves — debt is roughly 4.1x the cash position. Managing this leverage effectively will be important for long-term financial stability. Annual free cash flow of $156.3M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of 6.3% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.3% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $276.4M (2022) to $266.0M (2025).
As with any equity investment, IIPR carries market risk, sector-specific risk, and company-specific risk that investors should evaluate in the context of their own portfolios. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Innovative Industrial Properties, Inc.'s trajectory.