Innovative Industrial Properties, Inc.
IIPRReal EstateNASDAQREIT - Industrial · Last scanned May 29, 2026
Scan Results
Daily timeframe1 of 4 indicators bullish as of May 28
Innovative Industrial Properties, Inc. operates in the REIT - Industrial space. Innovative Industrial Properties, Inc. The company carries a $1.67B 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
$1.67B
Beta
1.45
P/E (TTM)
14.80
P/E (Fwd)
12.11
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
5.0%
Annual Financials
Cash vs Debt
The company holds $89.1M in cash, though total debt stands at $366.0M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. 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. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing IIPR.