Innovative Industrial Properties, Inc. (New York Stock Exchange:IIPR)

About the company

Innovative Industrial Properties, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. It operates through the following geographical segments: Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New York, North Dakota, Ohio, and Pennsylvania. The firm's property portfolio include PharmaCann; Ascend Wellness Holdings, LLC; Vireo Health, Inc.; and Green Peak Industries, LLC. The company was founded by Alan D. Gold and Paul E. Smithers on June 15, 2016 and is headquartered in San Diego, CA.

Sector

Finance

Industry

Real Estate Investment Trusts

Employees

13

CEO

Paul E. Smithers

Exchange

New York Stock Exchange

Website

http://www.innovativeindustrialproperties.com

$59.00M

Total Revenue

13

Employees

$1B

Market Capitalization

37.09

Price/Earning ratio

Stock price

Gross Margin (in %)

Total gross margin

$57M

Operating Margin (in %)

Total operating margin

$34M

Net Margin (in %)

Total net margin

$30M

Dividend Yield (in %)

Dividend per share

$3.38

Industry peers

Name Ticker Market capitalization (in USD Million) Revenues (in USD Million) Price/Book Price/Earning Net margin (in %)
Wheeler Real Estate Investment Trust, Inc. WHLRP None 63.00 None None -40.13
New York Mortgage Trust, Inc. NYMTO None 201.00 None None 71.99
New York Mortgage Trust, Inc. NYMTP None 201.00 None None 71.99
American Tower Corp. AMT 118457.60 7760.00 32.39 62.06 24.55
Crown Castle International Corp. CCI 71749.70 5776.00 7.07 96.98 12.79
Prologis, Inc. PLD 64895.04 3537.00 2.22 37.00 48.33
Equinix, Inc. EQIX 62667.34 5643.00 7.44 122.88 9.00
SBA Communications Corp. SBAC 35086.92 2038.00 -7.96 -3419.78 -0.30
Public Storage PSA 34189.75 2874.00 6.90 26.58 44.68
Digital Realty Trust, Inc. DLR 31415.37 3218.00 2.63 52.86 18.64
Equity Residential EQR 21985.47 2721.00 2.01 18.03 43.05
AvalonBay Communities, Inc. AVB 21229.60 2360.00 1.96 27.13 33.12
Welltower, Inc. WELL 20417.28 5091.00 1.29 16.16 24.79
Simon Property Group, Inc. SPG 18733.14 5656.00 8.72 9.45 35.14
Alexandria Real Estate Equities, Inc. ARE 18658.75 1612.00 2.20 75.47 15.15
Realty Income Corp. O 18506.88 1552.00 1.89 39.39 30.44
Weyerhaeuser Co. WY 16867.06 6639.00 2.36 46.14 5.47
Essex Property Trust, Inc. ESS 14778.72 1496.00 2.35 23.30 42.47
Invitation Homes, Inc. INVH 14725.06 1779.00 1.94 85.53 9.79
Healthpeak Properties, Inc. PEAK 13371.30 2146.00 2.00 53.70 12.13
Boston Properties, Inc. BXP 13184.30 2987.00 2.26 14.49 30.44
Duke Realty Corp. DRE 13131.30 935.00 2.64 31.97 43.03
Extra Space Storage, Inc. EXR 13043.77 1329.00 5.12 28.59 32.55
Ventas, Inc. VTR 12839.42 3926.00 1.20 16.50 19.87
Mid-America Apartment Communities, Inc. MAA 12831.84 1658.00 2.15 39.77 19.46
Sun Communities, Inc. SUI 12572.56 1287.00 3.65 112.33 8.54
Equity LifeStyle Properties, Inc. ELS 12312.96 998.00 9.35 50.10 23.31
W.P. Carey, Inc. WPC 11431.84 1243.00 1.68 37.76 24.35
UDR, Inc. UDR 10576.30 1203.00 3.15 65.13 13.43
Annaly Capital Management, Inc. NLY 9321.78 -4709.00 0.86 -1.82 -27.22
Camden Property Trust CPT 8864.00 1046.00 2.40 39.40 21.39
CyrusOne, Inc. CONE 8692.50 1002.00 3.72 -231.06 -3.32
Medical Properties Trust, Inc. MPW 8190.47 968.00 1.34 21.57 39.01
American Homes 4 Rent AMH 8033.69 1154.00 1.51 86.10 7.79
Regency Centers Corp. REG 7756.56 1131.00 1.26 62.39 10.94
Regency Centers Corp. REG 7709.52 1131.00 1.26 62.01 10.94
Iron Mountain, Inc. IRM 7639.20 4277.00 6.80 25.26 7.06
Host Hotels & Resorts, Inc. HST 7598.73 5131.00 1.05 10.41 14.25
Americold Realty Trust, Inc. COLD 7329.96 1875.00 3.67 92.55 4.07
Gaming & Leisure Properties, Inc. GLPI 7082.64 1149.00 3.51 17.92 34.31
AGNC Investment Corp. AGNC 6892.48 -1911.00 0.85 -3.35 81.45
Omega Healthcare Investors, Inc. OHI 6878.10 958.00 1.71 18.59 37.71
Vornado Realty Trust VNO 6669.72 1835.00 1.12 2.28 159.22
VEREIT, Inc. VER 6391.98 1220.00 1.00 -17.80 -28.40
Lamar Advertising Co. LAMR 6259.98 1776.00 5.49 17.22 20.33
Kilroy Realty Corp. KRC 5989.20 858.00 1.31 30.50 22.88
Federal Realty Investment Trust FRT 5915.25 935.00 2.55 17.41 36.30
National Retail Properties, Inc. NNN 5739.79 682.00 1.49 23.38 36.19
Healthcare Trust of America, Inc. HTA 5493.27 708.00 1.69 161.19 4.89
Apartment Investment & Management Co. AIV 5477.24 909.00 3.19 28.06 22.15
CubeSmart CUBE 5349.96 655.00 3.01 31.15 26.18
Douglas Emmett, Inc. DEI 5176.50 964.00 2.04 14.29 37.39
STORE Capital Corp. STOR 5038.40 687.00 1.14 16.49 43.91
Kimco Realty Corp. KIM 5020.16 1154.00 1.06 15.79 27.69
First Industrial Realty Trust, Inc. FR 4874.26 432.00 2.79 19.09 59.20
American Campus Communities, Inc. ACC 4860.36 950.00 1.46 36.31 14.12
American Campus Communities, Inc. ACC 4788.60 950.00 1.44 35.77 14.12
Rexford Industrial Realty, Inc. REXR 4648.68 285.00 2.17 87.25 18.73
CoreSite Realty Corp. COR 4601.32 581.00 39.11 62.49 12.74
EastGroup Properties, Inc. EGP 4509.08 341.00 3.89 36.85 35.88
Life Storage, Inc. LSI 4486.15 585.00 2.08 17.08 44.55
SL Green Realty Corp. SLG 4143.75 1249.00 0.74 12.04 25.97
Cousins Properties, Inc. CUZ 3955.00 719.00 0.93 14.05 40.35
Equity Commonwealth EQC 3936.24 105.00 1.08 5.60 666.17
STAG Industrial, Inc. STAG 3915.48 429.00 1.83 40.58 23.34
Starwood Property Trust, Inc. STWD 3879.03 919.00 0.85 10.25 40.07
JBG SMITH Properties JBGS 3824.36 651.00 1.09 47.57 12.47
Highwoods Properties, Inc. HIW 3814.55 756.00 1.61 11.80 41.33
Hudson Pacific Properties, Inc. HPP 3761.98 827.00 1.09 39.03 11.23
PS Business Parks, Inc. PSB 3734.08 428.00 4.52 29.64 28.96
QTS Realty Trust, Inc. QTS 3678.64 494.00 4.17 -218.97 -3.22
Healthcare Realty Trust, Inc. HR 3610.10 474.00 2.02 99.18 8.14
PS Business Parks, Inc. PSB 3590.72 428.00 4.34 28.50 28.96
Brixmor Property Group, Inc. BRX 3531.19 1159.00 1.31 12.98 23.37
Terreno Realty Corp. TRNO 3494.70 175.00 2.32 67.03 29.96
Physicians Realty Trust DOC 3247.73 404.00 1.30 41.64 18.96
Rayonier, Inc. RYN 3168.24 779.00 2.55 52.26 7.72
Arlington Asset Investment Corp. AIW 3103.41 None 550.25 -1100.50 None
Spirit Realty Capital, Inc. SRC 3009.60 527.00 1.03 27.55 20.05
Blackstone Mortgage Trust, Inc. BXMT 2816.27 419.00 0.85 15.80 41.95
New Residential Investment Corp. NRZ 2776.80 -202.00 0.62 -2.31 37.37
Corporate Office Properties Trust, Inc. OFC 2772.00 638.00 1.71 14.31 30.44
MGM Growth Properties LLC MGP 2707.87 887.00 3.11 79.67 2.32
Agree Realty Corp. ADC 2705.99 201.00 1.93 32.95 41.11
PotlatchDeltic Corp. PCH 2689.06 854.00 2.30 84.14 3.78
Sabra Health Care REIT, Inc. SBRA 2673.45 674.00 0.83 13.99 26.98
Lexington Realty Trust LXP 2534.49 326.00 1.81 9.48 80.90
National Health Investors, Inc. NHI 2476.32 325.00 1.68 13.37 57.16
EPR Properties EPR 2397.72 652.00 0.81 15.93 22.97
Weingarten Realty Investors WRI 2297.74 475.00 1.33 7.13 67.05
Taubman Centers, Inc. TCO 2294.00 660.00 -40.22 10.91 31.61
Park Hotels & Resorts, Inc. PK 2022.42 2784.00 0.38 -4.72 -17.21
Apple Hospitality REIT, Inc. APLE 2018.24 1201.00 0.63 15.27 10.91
Safehold Inc. SAFE 1993.48 112.00 2.18 58.94 34.38
Hannon Armstrong Sustainable Infrastructure Capital, Inc. HASI 1983.87 159.00 2.08 21.46 58.16
OUTFRONT Media, Inc. OUT 1980.00 1795.00 1.93 14.18 7.70
American Assets Trust, Inc. AAT 1955.82 378.00 1.22 33.04 12.35
Empire State Realty Trust, Inc. ESRT 1897.36 734.00 1.65 23.74 6.57
Piedmont Office Realty Trust, Inc. PDM 1892.52 537.00 1.06 10.08 34.94
Brandywine Realty Trust BDN 1766.46 582.00 1.07 49.90 6.42
Uniti Group, Inc. UNIT 1763.20 1063.00 -1.07 -24.42 -6.75
Sunstone Hotel Investors, Inc. SHO 1731.52 1049.00 0.79 -28.63 -5.38
Washington Real Estate Investment Trust WRE 1730.97 315.00 1.30 4.42 123.26
Chimera Investment Corp. CIM 1708.92 11.00 0.54 -11.22 69.45
Easterly Government Properties, Inc. DEA 1664.40 229.00 1.63 175.38 4.00
Ryman Hospitality Properties, Inc. RHP 1635.05 1547.00 3.03 22.19 4.52
Paramount Group, Inc. PGRE 1607.70 769.00 0.42 -41.12 -4.86
PennyMac Mortgage Investment Trust PMT 1605.52 -375.00 1.12 -4.02 78.11
Apollo Commercial Real Estate Finance, Inc. ARI 1557.00 304.00 0.58 90.00 5.16
CareTrust REIT, Inc. CTRE 1550.40 163.00 1.69 32.00 30.29
Four Corners Property Trust, Inc. FCPT 1531.80 163.00 2.24 20.75 45.61
Global Net Lease, Inc. GNL 1467.84 310.00 0.91 45.08 10.69
LTC Properties, Inc. LTC 1467.60 186.00 1.80 11.80 66.17
Pebblebrook Hotel Trust PEB 1459.34 1514.00 0.40 12.24 7.85
RLJ Lodging Trust RLJ 1438.20 1432.00 0.52 32.54 3.15
Mack-Cali Realty Corp. CLI 1428.00 343.00 0.90 -6.52 -57.80
Retail Properties of America, Inc. RPAI 1420.71 478.00 0.90 47.64 6.51
Columbia Property Trust, Inc. CXP 1396.64 290.00 0.54 120.40 4.01
SITE Centers Corp. SITC 1354.08 505.00 0.86 22.06 12.35
The GEO Group, Inc. GEO 1351.84 2472.00 1.44 8.94 6.11
Industrial Logistics Properties Trust ILPT 1349.40 248.00 1.36 27.68 19.62
Urban Edge Properties UE 1311.64 383.00 1.32 9.94 34.67
Monmouth Real Estate Investment Corp. MNR 1309.44 165.00 2.30 -26.23 -31.44
Two Harbors Investment Corp. TWO 1294.02 -1480.00 0.67 -0.82 67.60
Retail Opportunity Investments Corp. ROIC 1272.60 294.00 1.02 25.25 16.04
Alexander's, Inc. ALX 1179.70 224.00 5.13 25.81 20.91
Getty Realty Corp. GTY 1165.63 142.00 2.01 23.11 35.57
Macerich Co. MAC 1161.84 928.00 0.46 12.12 10.27
Broadmark Realty Capital, Inc. BRMK 1152.36 96.00 0.98 14.08 85.29
Office Properties Income Trust OPI 1144.32 654.00 0.68 158.93 1.10
Colony Capital, Inc. CLNY 1120.80 2286.00 0.30 -0.79 -61.91
MFA Financial, Inc. MFA 1085.76 -562.00 0.43 -1.63 84.04
CoreCivic, Inc. CXW 1084.80 1988.00 0.80 6.28 8.69
Innovative Industrial Properties, Inc. IIPR 1077.00 59.00 2.30 37.09 50.71
Acadia Realty Trust AKR 1063.39 293.00 0.74 33.42 10.96
DiamondRock Hospitality Co. DRH 1044.34 906.00 0.55 7.49 15.46
Independence Realty Trust, Inc. IRT 1011.92 205.00 1.69 23.17 20.96
Service Properties Trust SVC 1011.88 2275.00 0.43 617.00 0.01
Xenia Hotels & Resorts, Inc. XHR 962.76 1071.00 0.58 426.00 0.19
iStar, Inc. STAR 957.82 546.00 0.92 3.11 52.67
Arbor Realty Trust, Inc. ABR 940.01 316.00 0.86 16.39 12.38
Universal Health Realty Income Trust UHT 939.26 77.00 5.35 47.92 24.99
Investors Real Estate Trust IRET 916.11 185.00 1.76 12.05 37.83
Diversified Healthcare Trust DHC 909.16 1216.00 0.34 -8.30 -8.93
Alexander & Baldwin, Inc. ALEX 881.28 387.00 0.80 -22.67 -10.19
Kite Realty Group Trust KRG 858.48 302.00 0.69 -127.75 -2.10
KKR Real Estate Finance Trust, Inc. KREF 854.43 119.00 0.80 28.28 25.84
NexPoint Residential Trust, Inc. NXRT 842.25 192.00 2.09 6.36 68.41
Colony Credit Real Estate, Inc. CLNC 826.89 528.00 0.43 -1.61 -96.55
Redwood Trust, Inc. RWT 821.42 -615.00 0.97 -0.84 55.57
Community Healthcare Trust, Inc. CHCT 787.36 65.00 2.50 84.57 14.56
American Finance Trust, Inc. AFIN 776.82 303.00 0.47 -90.75 -2.98
Saul Centers, Inc. BFS 706.33 229.00 3.69 19.69 15.84
New York Mortgage Trust, Inc. NYMT 651.42 -403.00 0.58 -1.80 71.99
Brookfield Property REIT, Inc. BPYU 635.60 1591.00 0.23 1.68 20.07
Tanger Factory Outlet Centers, Inc. SKT 626.82 467.00 1.91 -224.67 -0.56
Gladstone Commercial Corp. GOOD 561.60 120.00 2.76 -73.12 -5.98
TPG RE Finance Trust, Inc. TRTX 552.00 -32.00 0.46 -4.23 76.19
Summit Hotel Properties, Inc. INN 551.20 519.00 0.50 13.95 7.63
RPT Realty RPT 542.96 227.00 0.71 6.78 32.64
ARMOUR Residential REIT, Inc. ARR 524.51 -502.00 0.73 -0.95 76.17
Franklin Street Properties Corp. FSP 523.23 267.00 0.69 81.50 2.47
Armada Hoffler Properties, Inc. AHH 496.26 299.00 2.14 21.88 7.58
UMH Properties, Inc. UMH 487.49 150.00 5.40 -10.52 -30.82
City Office REIT, Inc. CIO 480.48 159.00 1.15 -125.13 -2.33
Capstead Mortgage Corp. CMO 476.84 -221.00 0.85 -1.96 49.36
Front Yard Residential Corp. RESI 449.82 209.00 1.57 -4.21 -51.31
Invesco Mortgage Capital, Inc. IVR 442.74 -1339.00 0.61 -0.35 78.34
Urstadt Biddle Properties, Inc. UBA 416.13 135.00 1.24 24.81 13.61
CatchMark Timber Trust, Inc. CTT 407.68 111.00 2.62 -6.07 -60.46
Global Medical REIT, Inc. GMRE 389.12 77.00 1.38 93.09 5.36
Urstadt Biddle Properties, Inc. UBP 374.40 135.00 1.11 22.33 13.61
Ready Capital Corp. RC 363.56 136.00 0.56 -48.35 -5.59
Seritage Growth Properties SRG 362.97 158.00 0.74 -4.61 -49.34
Granite Point Mortgage Trust, Inc. GPMT 344.30 109.00 0.36 21.59 14.62
One Liberty Properties, Inc. OLP 332.69 85.00 1.23 16.21 24.33
Dynex Capital, Inc. DX 325.68 -182.00 0.83 -1.47 -20.21
Preferred Apartment Communities, Inc. APTS 313.65 490.00 0.19 -1.07 -61.66
Gladstone Land Corp. LAND 307.60 48.00 1.07 -256.33 -2.22
Whitestone REIT WSR 270.06 120.00 0.81 11.91 18.75
Orchid Island Capital, Inc. ORC 262.21 -67.00 0.94 -3.64 70.03
Chatham Lodging Trust CLDT 252.86 313.00 0.35 -23.39 -3.50
New Senior Investment Group, Inc. SNR 251.74 345.00 1.15 15.35 4.82
Transcontinental Realty Investors, Inc. TCI 246.60 48.00 0.71 -14.27 -34.82
CorePoint Lodging, Inc. CPLG 244.53 750.00 0.25 -1.19 -27.47
Retail Value, Inc. RVI 221.54 228.00 0.33 6.48 14.79
Hersha Hospitality Trust HT 206.70 505.00 0.27 -4.57 -8.70
Farmland Partners, Inc. FPI 202.50 54.00 0.84 135.00 3.18
Washington Prime Group, Inc. WPG 168.22 645.00 0.25 -15.02 -0.19
Bluerock Residential Growth REIT, Inc. BRG 166.98 215.00 3.88 -6.72 -11.73
BRT Apartments Corp. BRT 162.40 28.00 0.86 338.33 0.99
CIM Commercial Trust Corp. CMCT 158.72 118.00 3.07 26.11 23.91
Anworth Mortgage Asset Corp. ANH 155.43 -206.00 0.58 -0.68 -158.63
Cherry Hill Mortgage Investment Corp. CHMI 141.27 -81.00 0.61 -1.83 65.22
Plymouth Industrial REIT, Inc. PLYM 132.99 85.00 1.69 -5.93 -30.20
Clipper Realty, Inc. CLPR 129.42 119.00 2.32 -59.92 -1.90
Ellington Residential Mortgage REIT EARN 120.48 2.00 0.89 -35.86 -190.79
Western Asset Mortgage Capital Corp. WMC 114.48 -320.00 0.63 -0.34 77.79
AG Mortgage Investment Trust, Inc. MITT 103.95 -357.00 1.20 -0.23 65.26
Arlington Asset Investment Corp. AI 102.12 -84.00 0.52 -0.99 38.75
Pennsylvania Real Estate Investment Trust PEI 94.71 326.00 0.26 -2.56 -11.59
Braemar Hotels & Resorts, Inc. BHR 89.28 477.00 0.26 -4.04 -4.67
Cedar Realty Trust, Inc. CDR 81.70 150.00 0.26 -5.28 -9.89
Postal Realty Trust, Inc. PSTL 73.83 14.00 1.59 -28.39 -19.41
Exantas Capital Corp. XAN 72.00 -132.00 0.21 -0.40 45.36
Sachem Capital Corp. SACH 62.37 10.00 0.80 10.24 62.91
Ashford Hospitality Trust, Inc. AHT 62.00 1426.00 0.33 -0.31 -14.22
Hunt Companies Finance Trust, Inc. HCFT 57.60 16.00 0.53 9.23 38.96
Power REIT PW 52.04 2.00 5.06 68.47 29.17
Condor Hospitality Trust, Inc. CDOR 49.33 58.00 0.60 -5.56 -14.88
Income Opportunity Realty Investors, Inc. IOR 47.96 0.00 0.49 12.49 587.22
Manhattan Bridge Capital, Inc. LOAN 47.00 6.00 1.38 10.22 77.66
CBL & Associates Properties, Inc. CBL 45.50 738.00 0.07 -0.19 -32.15
Sotherly Hotels, Inc. SOHO 34.05 176.00 0.39 -1.72 -10.58
Global Self Storage, Inc. SELF 30.40 9.00 0.86 190.00 0.53
Wheeler Real Estate Investment Trust, Inc. WHLR 19.20 63.00 -0.84 -0.74 -40.13
Tremont Mortgage Trust TRMT 18.83 10.00 0.26 3.41 62.38
InnSuites Hospitality Trust IHT 12.72 6.00 1.09 -2.86 -17.20
HMG/Courtland Properties, Inc. HMG 10.60 0.00 0.54 -15.82 -898.47
Medalist Diversified REIT, Inc. MDRR 7.32 9.00 0.53 -2.03 -43.81
Regional Health Properties, Inc. RHE 2.66 19.00 -0.04 -0.61 -19.19

Latest insider transactions

Date Role Name Transaction Quantity Quantity Owned After

Hedge Funds Are Cashing Out Of Innovative Industrial Properties, Inc. (IIPR)

11d ago, source: YAHOO!

In this article we will take a look at whether hedge funds think Innovative Industrial Properties, Inc. (NYSE:IIPR) is a good ...

Innovative Industrial Properties Upsizes Public Offering To $225M

8d ago, source: Benzinga.com

Cannabis REIT Innovative Industrial Properties Inc. (NYSE: IIPR) said Tuesday it has expanded its previously announced ...

Innovative Industrial (IIPR) in Focus: Stock Moves 6.5% Higher

8d ago, source: YAHOO!

Innovative Industrial (IIPR) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.

Innovative Industrial Properties Acquires Massachusetts Property and Expands Real Estate Partnership with Cresco Labs

9d ago, source: Business Insider

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on ...

Morgan Stanley Purchases 108,703 Shares of Innovative Industrial Properties Inc (NYSE:IIPR)

8d ago, source: theenterpriseleader.com

Morgan Stanley lifted its position in Innovative Industrial Properties Inc (NYSE:IIPR) by 75.6% in the 1st quarter, according ...

Ameritas Investment Company LLC Purchases Shares of 372 Innovative Industrial Properties Inc (NYSE:IIPR)

13d ago, source: modernreaders.com

Ameritas Investment Company LLC purchased a new stake in Innovative Industrial Properties Inc (NYSE:IIPR) during the 1st ...

Cresco Labs Expands Innovative Industrial Properties Partnership with $28.8 Million Massachusetts Cannabis Sale-Leaseback

9d ago, source: New Cannabis Ventures

Innovative Industrial Properties Acquires Massachusetts Property and Expands Real Estate Partnership with Cresco Labs. SAN ...



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