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Innovative 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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