Innovative Industrial Properties Inc (IIPR) Stock Analysis — PE Ratio, PS Ratio, Intrinsic Value & 2030 Price Target
Innovative Industrial Properties Inc stock (IIPR) is currently trading at $52.55. Innovative Industrial Properties Inc PE ratio is 13.13. Innovative Industrial Properties Inc PS ratio (Price-to-Sales) is 5.46. Analyst consensus price target for IIPR is $58.75. WallStSmart rates IIPR as Underperform.
- IIPR PE ratio analysis and historical PE chart
- IIPR PS ratio (Price-to-Sales) history and trend
- IIPR intrinsic value — DCF, Graham Number, EPV models
- IIPR stock price prediction 2025 2026 2027 2028 2029 2030
- IIPR fair value vs current price
- IIPR insider transactions and insider buying
- Is IIPR undervalued or overvalued?
- Innovative Industrial Properties Inc financial analysis — revenue, earnings, cash flow
- IIPR Piotroski F-Score and Altman Z-Score
- IIPR analyst price target and Smart Rating
Innovative Industrial Properties Inc
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IIPR Intrinsic Value Analysis for Value Investors
Benjamin Graham Formula · Innovative Industrial Properties Inc (IIPR)
IIPR trades 76% above its Graham fair value of $26.72, indicating the stock may be overvalued at current levels.
Based on Benjamin Graham Formula. Growth rate capped at 25%. For informational purposes only. Not financial advice.
Smart Analysis
Innovative Industrial Properties Inc (IIPR) · 9 metrics scored
Smart Score
Category Performance
WallStSmart pulls financial metrics like revenue growth, profit margins, and valuation ratios and scores each one from 0 to 10 based on how strong or weak it is. Those 10 scores are grouped into 4 categories: Growth, Profitability, Valuation, and Quality — which form the 4 axes of the spider chart you see. The categories are then combined into a final score out of 100, but not equally. Growth and Profitability together count for 60% of the total, because a fast-growing profitable business matters more than just a cheap one. That final number maps to a rating (Strong Buy, Buy, Hold, Avoid) and a letter grade, giving you one clear Stock Rating.
Investment Thesis
Strong fundamentals in operating margin, price/book, profit margin. Concerns around return on equity and revenue growth. Fundamentals are solid but monitor weak areas for improvement.
Innovative Industrial Properties Inc (IIPR) Key Strengths (4)
Keeps $51 of every $100 in revenue after operating costs
Trading below book value, meaning the market prices it less than net assets
Keeps $45 of every $100 in revenue as net profit
71.66% of shares held by major funds and institutions
Supporting Valuation Data
Innovative Industrial Properties Inc (IIPR) Areas to Watch (5)
Revenue declining -13.10%, a shrinking business
Earnings declining -22.10%, profits shrinking
Low profitability relative to shareholder equity
Premium valuation at 5.5x annual revenue
Small-cap company with higher risk but more growth potential
Supporting Valuation Data
Innovative Industrial Properties Inc (IIPR) Detailed Analysis Report
Overall Assessment
This company scores 52/100 in our Smart Analysis, earning a C- grade. Out of 9 metrics analyzed, 4 register as strengths (avg 10.0/10) while 5 fall into concern territory (avg 2.4/10). The category breakdown reveals uneven performance, with some areas requiring attention.
The Bull Case
The strongest argument centers on Operating Margin, Price/Book, Profit Margin. Valuation metrics including Price/Book (0.81) suggest the stock is attractively priced. Profitability is solid with Operating Margin at 51.30%, Profit Margin at 44.50%.
The Bear Case
The primary concerns are Revenue Growth, EPS Growth, Return on Equity. Some valuation metrics including Price/Sales (5.46) suggest expensive pricing. Growth concerns include Revenue Growth at -13.10%, EPS Growth at -22.10%, which may limit upside. Profitability pressure is visible in Return on Equity at 6.25%.
Key Dynamics to Monitor
Three factors to monitor going forward. First, whether Revenue Growth improves, as this is the primary drag on the overall score. Second, margin trajectory, with Return on Equity at 6.25% needing improvement to support the investment thesis. Third, growth sustainability, with Revenue Growth at -13.10% needing to reaccelerate.
Risk Considerations
Based on the metric profile, this is a moderate-to-high risk investment. There are more areas of concern than strength, warranting a more conservative position size. Investors should size positions according to their risk tolerance and maintain diversification.
Bottom Line
Mixed fundamentals with both positives (Operating Margin, Price/Book) and negatives (Revenue Growth, EPS Growth). A cautious approach is warranted. Monitor for improvement in weak areas before increasing conviction.
Disclaimer: Smart Analysis is a scoring system developed by WallStSmart Team. Scores update daily using multi-model valuation framework. Always conduct your own research and consult with financial advisors before making investment decisions.
IIPR Price-to-Sales(PS) Ratio Chart
Historical valuation based on market cap ÷ trailing 12-month revenue
IIPR's Price-to-Sales ratio of 5.46x trades at a deep discount to its historical average of 221.81x (9th percentile). The current valuation is 100% below its historical high of 2820.63x set in Dec 2017, and 22% above its historical low of 4.49x in Nov 2025.
WallStSmart Analysis Synopsis
Data-driven financial summary for Innovative Industrial Properties Inc (IIPR) · REAL ESTATE › REIT - INDUSTRIAL
The Big Picture
Innovative Industrial Properties Inc faces headwinds with declining revenue, though profitability provides a cushion. Revenue reached 266M with 13% decline year-over-year. Profit margins are strong at 44.5%, reflecting pricing power and operational efficiency.
Key Findings
Profit margin of 44.5% and operating margin of 51.3% demonstrate strong pricing power and operational efficiency.
Generating 50M in free cash flow and 50M in operating cash flow. Earnings are translating into actual cash generation.
Revenue contracted 13% YoY. Worth determining whether this is cyclical or structural.
What to Watch Next
Dividend sustainability with a current yield of 14.2%. Watch payout ratio and free cash flow coverage.
Sector dynamics: monitor REIT - INDUSTRIAL industry trends, competitive moves, and regulatory changes that could impact Innovative Industrial Properties Inc.
Bottom Line
Innovative Industrial Properties Inc faces challenges with declining revenue. While profitability provides a buffer, the long-term trajectory needs to improve. Watch for management's strategic response and whether the company can stabilize or pivot to new growth drivers.
This synopsis is generated from publicly available financial data. It is not financial advice. Always conduct your own research and consult a qualified financial advisor before making investment decisions.
Insider Transactions
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About Innovative Industrial Properties Inc(IIPR)
NYSE
REAL ESTATE
REIT - INDUSTRIAL
USA
Innovative Industrial Properties, Inc. is a self-advising Maryland corporation focused on acquiring, owning, and managing specialty properties leased to experienced state-licensed operators for their regulated medical cannabis facilities.