Innovative Industrial Properties, Inc. (IIPR): Price and Financial Metrics

IIPR POWR Grades

• IIPR scores best on the Momentum dimension, with a Momentum rank ahead of 84.89% of US stocks.
• IIPR's strongest trending metric is Momentum; it's been moving up over the last 179 days.
• IIPR's current lowest rank is in the Sentiment metric (where it is better than 12.27% of US stocks).

IIPR Stock Summary

• IIPR's price/sales ratio is 26.32; that's higher than the P/S ratio of 94.11% of US stocks.
• With a year-over-year growth in debt of 136.73%, Innovative Industrial Properties Inc's debt growth rate surpasses 92.44% of about US stocks.
• Revenue growth over the past 12 months for Innovative Industrial Properties Inc comes in at 74.98%, a number that bests 88.66% of the US stocks we're tracking.
• If you're looking for stocks that are quantitatively similar to Innovative Industrial Properties Inc, a group of peers worth examining would be ESTE, CTRE, JBGS, TRNO, and VVNT.
• IIPR's SEC filings can be seen here. And to visit Innovative Industrial Properties Inc's official web site, go to www.innovativeindustrialproperties.com.

IIPR Valuation Summary

• IIPR's price/earnings ratio is 63.1; this is 68.04% higher than that of the median Real Estate stock.
• Over the past 58 months, IIPR's EV/EBIT ratio has gone up 75.3.
• IIPR's price/sales ratio has moved down 233.5 over the prior 58 months.

Below are key valuation metrics over time for IIPR.

IIPR Growth Metrics

The 3 year cash and equivalents growth rate now stands at 150.42%.
• The 5 year cash and equivalents growth rate now stands at 455.16%.
• Its 4 year cash and equivalents growth rate is now at 455.16%.

IIPR's revenue has moved up $107,076,000 over the prior 15 months.

The table below shows IIPR's growth in key financial areas (numbers in millions of US dollars).

Date	Revenue	Operating Cash Flow	Net Income to Common Stock
2021-12-31	204.551	188.747	112.638
2021-09-30	182.701	175.195	105.341
2021-06-30	163.172	157.096	94.462
2021-03-31	138.651	133.852	78.433
2020-12-31	116.896	110.814	64.378
2020-09-30	97.475	96.426	52.947

IIPR's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.

• IIPR has a Quality Grade of C, ranking ahead of 67.74% of graded US stocks.
• IIPR's asset turnover comes in at 0.091 -- ranking 43rd of 63 Real Estate stocks.
• PDM, NEN, and TPHS are the stocks whose asset turnover ratios are most correlated with IIPR.

The table below shows IIPR's key quality metrics over time.