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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: 70.31 USD -4.55%
Market Cap: 2B USD
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Innovative Industrial Properties Inc
Revenue

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
Revenue Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Revenue CAGR 3Y CAGR 5Y CAGR 10Y
I
Innovative Industrial Properties Inc
NYSE:IIPR
Revenue
$310.9m
CAGR 3-Years
19%
CAGR 5-Years
58%
CAGR 10-Years
N/A
Rexford Industrial Realty Inc
NYSE:REXR
Revenue
$903.9m
CAGR 3-Years
30%
CAGR 5-Years
29%
CAGR 10-Years
31%
Prologis Inc
NYSE:PLD
Revenue
$7.9B
CAGR 3-Years
20%
CAGR 5-Years
19%
CAGR 10-Years
16%
Eastgroup Properties Inc
NYSE:EGP
Revenue
$625.3m
CAGR 3-Years
17%
CAGR 5-Years
14%
CAGR 10-Years
11%
First Industrial Realty Trust Inc
NYSE:FR
Revenue
$651.3m
CAGR 3-Years
12%
CAGR 5-Years
9%
CAGR 10-Years
7%
Lineage Inc
NASDAQ:LINE
Revenue
$5.3B
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 Revenue?
Revenue
310.9m USD

Based on the financial report for Sep 30, 2024, Innovative Industrial Properties Inc's Revenue amounts to 310.9m USD.

What is Innovative Industrial Properties Inc's Revenue growth rate?
Revenue CAGR 5Y
58%

Over the last year, the Revenue growth was 3%. The average annual Revenue growth rates for Innovative Industrial Properties Inc have been 19% over the past three years , 58% over the past five years .

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