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Innovative Industrial Properties Inc

Innovative Industrial Properties Inc

IIPR
$56.25USD+1.17%+0.65 today

MARKET CAP

1.6B

P/E (TTM)

14.4x

FWD P/E

DAY RANGE

$56 – $56

52W RANGE

$45
$65

AI Summary

Stalk
Buy NowMedium

Bullish Exhaustion warns of weakening upside momentum, but the Stage 2 uptrend remains intact above rising EMAs and oversold conditions favor a pullback entry. We recommend buying now into the support zone around the 9- and 20-day EMAs, aligned with the Growth at Reasonable Price strategy, while monitoring for a decisive EMA breakdown.

  • Q1 revenues $69M (+3.5% QoQ), AFFO $53.4M ($1.88/sh)
  • $270M life-sciences investment in IQHQ aiming >14% yield
  • Q2 revenues down to $63.3M after key tenant bankruptcies
Full analysis →
STATEMENT·Income statement
USD · GAAP
METRICFY 2021FY 2022FY 2023FY 2024FY 2025TREND
Sales, Adj.$204.6M$276.4M$309.5M$308.5M$266.0M
YoY %+75.0%+35.1%+12.0%-0.3%-13.8%
P / Sales33.8x9.8x9.2x6.2x5.1x
EV / Sales35.7x11.2x10.2x7.1x6.8x
Gross Profit, Adj.$200.1M$265.8M$284.6M$280.0M$235.8M
YoY %+78.8%+32.8%+7.1%-1.6%-15.8%
Margin %97.8%96.2%92.0%90.8%88.7%
EV / Gross Profit36.5x11.6x11.1x7.8x7.7x
EBITDA, Adj.$176.8M$225.1M$241.8M$242.6M$202.0M
YoY %+80.9%+27.3%+7.4%+0.3%-16.7%
Margin %86.4%81.4%78.1%78.6%76.0%
EV / EBITDA41.3x13.7x13.1x9.1x9.0x
EBIT$135.4M$166.0M$174.6M$171.8M$124.4M
YoY %+94.1%+22.6%+5.2%-1.6%-27.6%
Margin %66.2%60.1%56.4%55.7%46.8%
EV / EBIT53.9x18.6x18.1x12.8x14.6x
Net Income$112.1M$153.0M$162.8M$157.6M$111.4M
YoY %+75.5%+36.5%+6.4%-3.2%-29.3%
Net Margin54.8%55.4%52.6%51.1%41.9%
EPS (GAAP)$4.55$5.52$5.77$5.52$3.93
YoY %+39.1%+21.3%+4.5%-4.3%-28.8%