Price History
Feb 9, 2026 — Apr 4, 2026Investment Snapshot
- Trading 34% below Graham Number ($81.55) — significant margin of safety
- Piotroski F-Score 4/9 — moderate financial health
- ROE of 6.9% — below-average profitability
- Revenue declining 14% annually
Innovative Industrial Properties, Inc. (IIPR) is a Real Estate company operating in Real Estate, listed on the NYSE , with a market capitalisation of $1.5 billion . Key value metrics: P/E ratio 11.9, P/B ratio 0.82, Piotroski F-Score 4 out of 9 (moderate financial health) .
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. — Fundamental Analysis Summary
Innovative Industrial Properties, Inc. (IIPR) is trading 34% below its Graham Number of $81.55 — a significant margin of safety by Benjamin Graham's standard. The stock carries a low trailing P/E ratio of 11.9x.
On financial health, IIPR shows a moderate Piotroski F-Score of 4/9, and modest return on equity of 6.9% (sector average: -3.2%), and minimal leverage with a debt-to-equity ratio of 0.21.
StockPik's composite Value Score for IIPR is 85/100 — 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 14.2%.