IIPR  valuation analysis

Basics
Name: Innovative Industrial Properties, Inc
Description: Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. (more)
Industry: REIT-Industrial
Last 10Qℹ10Qs are quarterly reports which contain a company's financial figures. We use these to calculate the FFER.: May 05, 2021
Market cap: $4.88B (716th)
Sales(TTM): $138.65M (1381st)
Earnings(TTM): $79.78M (894th)
Value
FFER: 2.49 (why)
Actual price: $203.93
FFEℹThis is Innovative Industrial Properties, Inc's the estimated price. FFEs are the denominator of the FFER ratio.: $82.02
Quantile: IIPR is very expensive given its fundamentals.
Prices as of EOD 2021-07-15
Price & Estimates
Sales & Earnings history (TTM)
Notable
No notables found through heuristics.
Earnings / MarketCap
● Innovative Industrial Properties, Inc
● "REIT-Industrial" industry
Sales / MarketCap
● Innovative Industrial Properties, Inc
● "REIT-Industrial" industry
Book / MarketCap
● Innovative Industrial Properties, Inc
● "REIT-Industrial" industry
Equity / Assets
● Innovative Industrial Properties, Inc
● "REIT-Industrial" industry
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IIPR
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Earnings were reported May 05, 2021 but we do not yet have the financials for this quarter. This is probably because the company has simply not yet released their full quarterly financials. However, this might also be a problem with data quality on our end. Regardless, after earnings are released, we cannot calculate the FFER without updated financials.
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Company description

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.

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FFER components

A handful of financial components go into the FFER. Below are the relative values for IIPR. You can read more here.

Red = higher FFERs. Blue = lower FFERs.
Price/Salesvery expensive
Price/Earningsvery expensive
Price/Operating Incomevery expensive
Price/Bookaverage
Debt Ratiovery low
Dividend Yieldhigh
Sales growth (1y)very high
Sales growth (3y)very high
Earnings growth (1y)very high
Earnings growth (3y)very high
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