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Innovative Industrial Properties

IIPR

Innovative Industrial Properties, Inc. targets medical-use cannabis facilities for acquisition, including sale-leaseback transactions, with tenants that are licensed growers under long-term, triple-net leases. We believe this industry is poised for significant growth in coming years, and our highly experienced management team is focused on being a creative capital provider to this industry through… read more

Industrial

7 years

USD

Internal

N/A

92

/100

Price

per share adjusted

$97.71

Price

-0.17%

-$0.17

Market Cap

$2.756b

Mid

2%

% sector
Price/AFFO

10.8x

25.4x

5y Avg

16x

Sector Avg
Returns
Adjusted

Dividends

Ex-Dividend: March 27, 24

7.45%

Yield

$7.28

Dividend

+2.54%

Forward Dividend Growth

+2.5%

+18.2%

3y CAGR

+28.2%

5y CAGR
Payout

80.2%

85.0%

Payout 5y

63.8%

Sector Avg
Yield
Benchmark

Dividends

No items found.

Financials Overview

Q4 2023

Last Report

May 08, 2024

Next Earnings
AFFO

$256.497m

+9.7%

1y CAGR

+40.6%

3y CAGR

+75.7%

5y CAGR
AFFO/share

$9.08

+7.6%

1y CAGR

+22.4%

3y CAGR

+30.1%

5y CAGR
Debt to Assets

12.7%

-

Debt to EBITDA

-

Int. Coverage

5.47%

Int. Rate
Size

8.2ft²

-1.2%

1y CAGR

+14.8%

3y CAGR

+32.7%

5y CAGR
Occupancy

100.0%

108

Properties
Largest Tenant (%)

15.8%

PharmaCann

Largest Tenant

14.6y

WALE

Financial Reports

A detailed view of the main metrics
No items found.
Diversification by Property Type
% of Revenue

Industrial

100.0%

Diversification by Tenant Industry
% of Revenue

Cannabis

100.0%

Diversification by Country
1 Country

United States

8.2ft²

Size
Press Releases
Related News, Articles and Videos
Score
Over the past few years
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