Price History
Feb 9, 2026 — May 23, 2026Investment Snapshot
- Trading 27% below Graham Number ($78.34) — significant margin of safety
- Piotroski F-Score 3/9 — signs of financial weakness
- ROE of 6.3% — below-average profitability
- Revenue declining 14% annually
Innovative Industrial Properties, Inc. Common Stock (IIPR) is a Real Estate company operating in Real Estate, listed on the NYSE , with a market capitalisation of $1.6 billion . Key value metrics: P/E ratio 13.8, P/B ratio 0.87, Piotroski F-Score 3 out of 9 .
Value Score
Key Metrics
Current vs 5-Year Average
Based on 5 years of SEC filingsRevenue & Net Income
Financial Statements
| Metric | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | $X.XB | $X.XB | $X.XB |
| Gross Profit | $X.XB | $X.XB | $X.XB |
| Operating Income | $X.XB | $X.XB | $X.XB |
| Net Income | $X.XB | $X.XB | $X.XB |
| EBITDA | $X.XB | $X.XB | $X.XB |
| Total Assets | $X.XB | $X.XB | $X.XB |
| Total Liabilities | $X.XB | $X.XB | $X.XB |
Innovative Industrial Properties, Inc. Common Stock — Fundamental Analysis Summary
Innovative Industrial Properties, Inc. Common Stock (IIPR) is trading 27% below its Graham Number of $78.34 — a significant margin of safety by Benjamin Graham's standard. The stock carries a reasonable trailing P/E ratio of 13.8x.
On financial health, IIPR shows a weak Piotroski F-Score of 3/9, a signal of deteriorating financial health, and modest return on equity of 6.3% (sector average: -3.7%), and minimal leverage with a debt-to-equity ratio of 0.21.
StockPik's composite Value Score for IIPR is 80/100 — placing it in undervalued territory. The score is built from ten fundamental signals: P/E, P/B, PEG ratio, P/S ratio, return on equity, gross margin, debt-to-equity, current ratio, dividend yield, and Piotroski F-Score.
IIPR shows revenue declining at 14% year-over-year, with earnings declining at 27%.
IIPR pays a high dividend yield of 13.3%.