IIInnovative Industrial Properties IIPR · NYSE
$51.23 -1.16% (-$0.60)
- Market cap
- $1.49B
- Enterprise value
- $1.89B
- P/E
- 10.8x
- Forward P/E
- 12.3x
- PEG
- -
- P/S
- 5.6x
- P/FCF
- 7.6x
- EV/EBITDA
- 7.9x
- ROIC
- 5.6%
- Gross margin
- 62.9%
- Net margin
- 52.3%
- Dividend yield
- 14.84%
- Payout ratio
- 159.9%
- Net debt/EBITDA
- 1.7x
- Beta
- 1.42
- Free float
- 93.2%
About the company
Innovative Industrial Properties, Inc. (IIPR) is an American company focused on investments in industrial properties used for the cultivation and processing of medical cannabis. The company specializes in leasing properties to licensed medical cannabis producers participating in the medical and recreational cannabis markets in the USA. Innovative Industrial Properties offers long-term leases to medical cannabis producers with flexible terms. The company also provides financial and capital support for the expansion and modernization of its tenants' production facilities. With the increasing legalization of medical and recreational cannabis use in certain parts of the USA, Innovative Industrial Properties has the potential for further growth and development in the industrial properties sector for the cannabis industry. Innovative Industrial Properties, Inc. (IIPR) shares are an interesting choice for investors who follow the cannabis market and seek investment opportunities in the growing medical cannabis sector.
Sector
Real Estate
Industry
REIT - Industrial
CEO
Paul E. Smithers
Employees
24
Headquarters
San Diego
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