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Innovative Industrial Properties, Inc. IIPR NYSE

NYSE • Real Estate • REIT - Industrial • US • USD

SharesGrow Score
57/100
3/7 Pass
SharesGrow Intrinsic Value
$131.67
+157.3%
Analyst Price Target
$44.00
-14%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

Innovative Industrial Properties, Inc. (IIPR) trades at a trailing P/E of 11.7, forward P/E of 11.9. Trailing earnings yield is 8.56%, forward earnings yield 8.40%. PEG 1.27. Graham Number is $79.44.

Criteria proven by this page:

  • VALUE (66/100, Pass) — P/E is below market average (11.7); earnings yield beats bond yields (8.56%).
  • PEG Ratio 1.27 — between 1.0–2.0 indicates moderate valuation relative to growth.
  • Trailing Earnings Yield 8.56% — exceeds typical bond yields (~4.3%), making equity attractive vs fixed income.
  • Analyst consensus target $44.00 (-14% downside) — slight downside risk — the market may be ahead of analyst expectations.

Overall SharesGrow Score: 57/100 with 3/7 criteria passed.

SharesGrow 7-Criteria Score
57/100
SG Score
View full scorecard →
VALUE
66/100
Price-to-Earnings & upside
Proven by this page
FUTURE
16/100
Analyst consensus
→ Forecast
PAST
100/100
→ Income
~
HEALTH
50/100
Debt-to-Equity & liquidity
→ Health
~
MOAT
55/100
→ Income
GROWTH
15/100
→ Income
INCOME
100/100
→ Income

Valuation Snapshot — IIPR

Valuation Multiples
P/E (TTM)11.7
Forward P/E11.9
PEG Ratio1.27
Forward PEG1.27
P/B Ratio0.75
P/S Ratio5.24
EV/EBITDA8.2
Per Share Data
EPS (TTM)$4.24
Forward EPS (Est.)$4.30
Book Value / Share$66.20
Revenue / Share$9.53
FCF / Share$7.10
Yields & Fair Value
Earnings Yield8.56%
Forward Earnings Yield8.40%
Dividend Yield15.35%
Graham Number$79.44
SharesGrow IV$131.67 (+157.3%)
Analyst Target$44.00 (-14%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2016 -4.0 0.02 0.29 54.56 -
2017 -1,514.7 15.22 1.48 16.99 0.96%
2018 46.4 -0.01 1.23 21.91 2.46%
2019 34.1 0.51 1.46 17.91 2.99%
2020 54.2 0.54 2.33 30.46 2.16%
2021 55.1 1.28 3.90 30.72 2.11%
2022 18.0 0.96 1.41 10.03 6.69%
2023 17.0 3.80 1.44 9.11 7.23%
2024 11.6 -2.82 0.97 6.10 11.35%
2025 11.6 -0.40 0.72 4.99 16.55%

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $-4.56 $321K $-4.39M -1368.2%
2017 $-0.02 $6.42M $-72K -1.1%
2018 $0.96 $14.79M $6.99M 47.2%
2019 $1.61 $44.67M $17.17M 38.4%
2020 $3.27 $116.9M $65.73M 56.2%
2021 $4.55 $204.55M $113.99M 55.7%
2022 $5.52 $276.36M $154.39M 55.9%
2023 $5.77 $309.51M $165.59M 53.5%
2024 $5.52 $308.52M $161.66M 52.4%
2025 $3.93 $265.96M $114.44M 43%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $4.30 $4.15 – $4.42 $266.32M $263.55M – $270.02M 3
2027 $4.79 $4.72 – $4.85 $277.8M $274.62M – $280.97M 1
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