Innovative Industrial Properties, Inc.

Symbol: IIPR
Exchange: NYSE
Founded: 2016 (3 years)
HQ: San Diego, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Specialty
Internally Managed REIT

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Rating Dividend Section - Analysis Description Avg. Rating
3 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last 3 years. 4.5
1 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.0
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.7
10 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 8.1
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.3
6.8 Overall Dividend Section Rating: The REIT’s total dividend score from the compilation of the below dividend analysis. 4.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

Stock Chart

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Hightlights of Previous Trading Day 2019-06-13

Closing Price: $100.91
Price Change: 2.45 (2.488%)
Lowest Price: $98.74
Highest Price: $102.299

52-Week Low: $31.61
52-Week High: $102.30

5 Day Price Change: 6.01%
1 Month Price Change: 26.15%
3 Month Price Change: 30.32%
1 Year Price Change: 176.27%
2 Year Price Change: 496.23%
5 Year Price Change: 433.65%

See historical stock prices for IIPR

Dividend of Previous Trading Day 2019-06-13

See complete list of dividend paymemts for IIPR

Dividend Yield: 1.828%*
Annualized Dividend: $1.8*
Ex Dividend Date: 2019-03-18
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Key Stats of Previous Trading Day 2019-06-13

52-Week Low: $31.61
52-Week High: $102.30 [Compare]
P/E Ratio: 77.62 [Compare]
P/E Ratio High: N/A [Compare]
P/E Ratio Low: N/A [Compare]
Market Cap: $989,543,037 [Compare]
Shares Outstanding: 9,806,194 [Compare]
Float: 9,338,598 [Compare]
Latest Volume: 261,713 [Compare]
Avg. Total Volume: 346,983 [Compare]
Beta: 1.63 [Compare]
Return On Equity (ROE): 4.14% [Compare]
Return On Assets (ROA): 2.80% [Compare]
Number Of Estimates: N/A
Revenue Per Share: N/A [Compare]
Revenue Per Employee: N/A [Compare]
Profit Margin: 51.37%
Price To Sales: 51.23 [Compare]
Price To Book: 3.800 [Compare]
Short Ratio: 8.080 [Compare]
TTM EPS: 1.300
50-Day Moving Avg.: $85.50
200-Day Moving Avg.: $62.10
Held by Insiders: N/A
Held by Institution: N/A

*Percentage held by top 15 institutions.

Fundamental Ratios of Previous Quarter Results 2019-03-31

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Latest REIT Community Comments on #IIPR

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Properties Owned by IIPR

Properties owned:
Please visit this REIT’s official webpage to learn more.

Dividend History

Below are the most recent cash dividends paid by IIPR, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience. See complete list of dividend payments for IIPR.

Symbol Quarter Ex Date Cash Amount Change in Dividend

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-03-31 2018-12-31 2018-09-30 2018-06-30
Total Assets 420,408,000.00 281,466,000.00 166,212,000.00 161,699,000.00
Cash and Equivalents 59,224,000.00 13,050,000.00 53,019,000.00 21,185,000.00
Investments 197,729,000.00 120,443,000.00 3,983,000.00 57,419,000.00
Investments Current 0.00 0.00 0.00 0.00
Investments Non-Current 0.00 0.00 0.00 0.00
Deferred Revenue 0.00 0.00 0.00 0.00
Deposit Liabilities 9,661,000.00 9,014,000.00 6,868,000.00 5,141,000.00
Property, Plant & Equipment Net 161,151,000.00 147,359,000.00 108,711,000.00 81,649,000.00
Inventory 0.00 0.00 0.00 0.00
Tax Assets 0.00 0.00 0.00 0.00
Trade and Non-Trade Receivables 0.00 0.00 0.00 0.00
Trade and Non-Trade Payables 1,224,000.00 1,968,000.00 5,520,000.00 2,908,000.00
Goodwill and Intangible Assets 0.00 0.00 0.00 0.00
Total Liabilities 152,032,000.00 17,174,000.00 15,122,000.00 10,114,000.00
Shareholders Equity 268,376,000.00 264,292,000.00 151,090,000.00 151,585,000.00
Accumulated Retained Earnings (Deficit) -11,376,000.00 0.00 -145,000.00 -1,977,000.00
Accumulated Other Comprehensive Income 0.00 0.00 0.00 0.00
Current Assets 0.00 0.00 0.00 0.00
Assets Non-Current 0.00 0.00 0.00 0.00
Current Liabilities 0.00 0.00 0.00 0.00
Liabilities Non-Current 0.00 0.00 0.00 0.00
Tax Liabilities 0.00 0.00 0.00 0.00
Total Debt 133,196,000.00 0.00 0.00 0.00
Debt Current 0.00 0.00 0.00 0.00
Debt Non-Current 0.00 0.00 0.00 0.00

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-03-31 2018-12-31 2018-09-30 2018-06-30
Revenues 6,823,000.00 4,783,000.00 3,926,000.00 3,314,000.00
Cost of Revenue 247,000.00 80,000.00 210,000.00 68,000.00
Selling, General and Administrative Expense 1,918,000.00 1,982,000.00 1,442,000.00 1,474,000.00
Research and Development Expense 0.00 0.00 0.00 0.00
Operating Expenses 3,136,000.00 2,896,000.00 2,145,000.00 2,010,000.00
Interest Expense 792,000.00 0.00 0.00 0.00
Income Tax Expense 0.00 0.00 0.00 0.00
Net Income from Discontinued Operations 0.00 0.00 0.00 0.00
Consolidated Income 3,641,000.00 2,666,000.00 1,832,000.00 1,542,000.00
Net Income to Non-Controlling Interests 0.00 0.00 0.00 0.00
Net Income 3,641,000.00 2,666,000.00 1,832,000.00 1,542,000.00
Preferred Dividends Income Statement Impact 338,000.00 338,000.00 338,000.00 338,000.00
Net Income Common Stock 3,303,000.00 2,328,000.00 1,494,000.00 1,204,000.00
Earnings per Basic Share 0.34 0.26 0.22 0.18
Earnings per Diluted Share 0.33 0.26 0.21 0.17
Weighted Average Shares 9,664,775.00 7,138,952.00 6,636,638.00 6,635,651.00
Weighted Average Shares Diluted 9,797,676.00 7,285,801.00 6,785,800.00 6,783,674.00

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-03-31 2018-12-31 2018-09-30 2018-06-30
Capital Expenditure -14,242,000.00 -41,470,000.00 -25,508,000.00 -12,789,000.00
Net Cash Flow - Business Acquisitions and Disposals -1,601,000.00 0.00 0.00 0.00
Net Cash Flow - Investment Acquisitions and Disposals -78,000,000.00 -115,837,000.00 53,519,000.00 -8,407,000.00
Net Cash Flow from Financing 133,859,000.00 111,196,000.00 -2,034,000.00 -2,034,000.00
Issuance (Repayment) of Debt Securities 138,557,000.00 0.00 0.00 0.00
Issuance (Purchase) of Equity Shares 0.00 113,909,000.00 0.00 0.00
Payment of Dividends & Other Cash Distributions -3,421,000.00 -2,375,000.00 -1,696,000.00 -1,696,000.00
Net Cash Flow from Investing -93,843,000.00 -157,307,000.00 28,011,000.00 -21,196,000.00
Net Cash Flow from Operations 6,158,000.00 6,142,000.00 5,857,000.00 2,339,000.00
Effect of Exchange Rate Changes on Cash 0.00 0.00 0.00 0.00
Net Cash Flow / Change in Cash & Cash Equivalents 46,174,000.00 -39,969,000.00 31,834,000.00 -20,891,000.00
Share Based Compensation 563,000.00 386,000.00 386,000.00 363,000.00
Depreciation, Amortization & Accretion 1,218,000.00 914,000.00 703,000.00 536,000.00

About Innovative Industrial Properties, Inc.

Innovative Industrial Properties, Inc. is the pioneering real estate investment trust for the medical-use cannabis industry. Founded in December, 2016, we are the first publicly traded company on the New York Stock Exchange (NYSE: IIPR) to provide real estate capital to the medical-use cannabis industry. A real estate investment trust (REIT) is a corporation that combines the capital of many investors to acquire income producing real estate. As a public company traded on the NYSE, we are uniquely positioned in the industry to access public capital markets. As a REIT, one of our most attractive attributes is that we must distribute through a dividend to our stockholders at least 90 percent of our taxable income. Innovative Industrial Properties has paid consecutive quarterly dividends to our common stockholders since the second quarter of 2017.

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