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Innovative Industrial Properties Inc
NYSE:IIPR

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Innovative Industrial Properties Inc
NYSE:IIPR
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Price: 70.45 USD -4.36% Market Closed
Market Cap: 2B USD
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Innovative Industrial Properties Inc
Depreciation & Amortization

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Innovative Industrial Properties Inc
Depreciation & Amortization Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Depreciation & Amortization CAGR 3Y CAGR 5Y CAGR 10Y
I
Innovative Industrial Properties Inc
NYSE:IIPR
Depreciation & Amortization
$69.7m
CAGR 3-Years
22%
CAGR 5-Years
63%
CAGR 10-Years
N/A
Rexford Industrial Realty Inc
NYSE:REXR
Depreciation & Amortization
$269.2m
CAGR 3-Years
24%
CAGR 5-Years
24%
CAGR 10-Years
27%
Prologis Inc
NYSE:PLD
Depreciation & Amortization
$2.6B
CAGR 3-Years
17%
CAGR 5-Years
18%
CAGR 10-Years
15%
Eastgroup Properties Inc
NYSE:EGP
Depreciation & Amortization
$185m
CAGR 3-Years
14%
CAGR 5-Years
13%
CAGR 10-Years
10%
First Industrial Realty Trust Inc
NYSE:FR
Depreciation & Amortization
$156.5m
CAGR 3-Years
7%
CAGR 5-Years
5%
CAGR 10-Years
2%
Lineage Inc
NASDAQ:LINE
Depreciation & Amortization
$759.7m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
No Stocks Found

Innovative Industrial Properties Inc
Glance View

Market Cap
2B USD
Industry
Real Estate
Economic Moat
None

Innovative Industrial Properties Inc. (IIPR) emerged in the rapidly evolving landscape of the cannabis industry, taking advantage of a niche that marries the complex world of real estate investment with the burgeoning demand for medical cannabis facilities. Founded in 2016, the company established itself as a real estate investment trust (REIT), focusing exclusively on the acquisition, ownership, and management of specialized properties leased to state-licensed operators for their regulated medical-use cannabis facilities. This strategic focus enabled IIPR to tap into the expanding cannabis market, capitalizing on the industry's explosive growth while maintaining a solid footing in the real estate domain. The company’s method involves purchasing properties for cash and leasing them back to the cannabis operators under long-term, triple-net leases, effectively minimizing operational liabilities and ensuring consistent revenue flow. What sets IIPR apart is its adeptness in navigating the intricate regulatory framework that surrounds the cannabis industry, especially in the United States, where cannabis legality varies dramatically from state to state. By positioning itself as a funding source for cash-strapped cannabis operators who often struggle to find financing due to federal restrictions, IIPR provides essential capital that operators need to expand operations, update facilities, and meet rising demand. Its business model ensures a steady income stream through lease agreements while enjoying the benefits of property appreciation. Furthermore, these leases include annual rent escalations, contributing to the growth in rental income over time. Thus, IIPR’s business success hinges on its dual role as both a financial partner to the cannabis sector and a prudent real estate manager, exemplifying a distinctive approach to merging two dynamic industries.

IIPR Intrinsic Value
92.41 USD
Undervaluation 24%
Intrinsic Value
Price
I

See Also

What is Innovative Industrial Properties Inc's Depreciation & Amortization?
Depreciation & Amortization
69.7m USD

Based on the financial report for Sep 30, 2024, Innovative Industrial Properties Inc's Depreciation & Amortization amounts to 69.7m USD.

What is Innovative Industrial Properties Inc's Depreciation & Amortization growth rate?
Depreciation & Amortization CAGR 5Y
63%

Over the last year, the Depreciation & Amortization growth was 5%. The average annual Depreciation & Amortization growth rates for Innovative Industrial Properties Inc have been 22% over the past three years , 63% over the past five years .

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