Innovative Industrial Properties inc (IIPR) |
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Price: $97.2500
$0.58
0.600%
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Day's High:
| $99.2
| Week Perf:
| -1.32 %
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Day's Low: |
$ 96.83 |
30 Day Perf: |
4.16 % |
Volume (M): |
226 |
52 Wk High: |
$ 105.07 |
Volume (M$): |
$ 22,008 |
52 Wk Avg: |
$80.99 |
Open: |
$97.53 |
52 Wk Low: |
$63.36 |
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Market Capitalization (Millions $) |
2,768 |
Shares
Outstanding (Millions) |
28 |
Employees |
45 |
Revenues (TTM) (Millions $) |
310 |
Net Income (TTM) (Millions $) |
166 |
Cash Flow (TTM) (Millions $) |
53 |
Capital Exp. (TTM) (Millions $) |
0 |
Innovative Industrial Properties Inc
Innovative Industrial Properties Inc (IIPR) is a real estate investment trust (REIT) that was founded in 2016 and is headquartered in San Diego, California. The company operates as a specialized REIT in the cannabis sector, and its primary business is to acquire and manage industrial properties used for cannabis cultivation and processing.
IIPR focuses on providing real estate capital solutions to licensed cannabis operators in the medical and recreational cannabis markets. As of December 31, 2020, the company owned 66 properties, with a total of1 million rentable square feet spread across 17 states in the United States.
The properties leased by IIPR to its clients are improved or unimproved buildings or facilities that are used for the cultivation and processing of cannabis. In most cases, the properties are fully customized to meet the specific needs of the tenant. This enables companies to focus on their core business of cultivating and processing cannabis without the added responsibility of owning and managing the real estate themselves.
The company operates on a triple-net lease model, meaning that tenants are responsible for all expenses related to the operation of the property, including maintenance, insurance, taxes, and utilities. In exchange, IIPR receives a steady stream of rental income from its tenant, which is typically structured as a long-term lease agreement.
IIPR has experienced significant growth since its inception in 2016. In 2020, the company generated revenues of $116 million, representing an increase of over 190% from the previous year. Furthermore, the company's net income in 2020 was $65 million, which was more than double the net income of $32.4 million in 2019.
Innovative Industrial Properties Inc has gained recognition as a critical player in the U.S. cannabis industry, with an estimated market capitalization of around $4 billion. The company has continued to expand its real estate footprint across the United States and has invested heavily in research and development. The company is seen as a valuable partner to cannabis operators, given its expertise in the development and acquisition of industrial properties customized for cannabis-related activities.
In conclusion, Innovative Industrial Properties Inc is a unique company offering investors an opportunity to benefit from the cannabis industry's growth while mitigating risks associated with the sector. The company's innovative business model and clear growth strategy have made it a significant player in the cannabis industry and a safe avenue for investors to gain exposure to the sector.
Company Address: 1389 Center Drive, Suite 200 Park City 84098 UT
Company Phone Number: 997-3332 Stock Exchange / Ticker: NYSE IIPR
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Stock Performances by Major Competitors |
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Dividend
Published Fri, Mar 15 2024 11:00 AM UTC
Innovative Industrial Properties Sets New Dividend Record in Q1 2024 In a recent press release, Innovative Industrial Properties, Inc. (IIP), the leading real estate company focused on the regulated U.S. cannabis industry, announced the declaration of a first quarter 2024 dividend of $1.82 per share of common stock. This marks a significant milestone for the company, as...
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Innovative Industrial Properties Inc
Innovative Industrial Properties Inc, the leading real estate company focused on the regulated U.S. cannabis industry, has reported impressive financial results for the fourth quarter and full year of 2023. These results indicate strong growth and suggest a positive outlook for the company's future. For the full year of 2023, Innovative Industrial Properties generated total revenues of approximately $309.5 million, showing a notable increase of 12% compared to the previous year. This growth in revenue is a positive sign, as it indicates the company's ability to capitalize on opportunities in the regulated cannabis market.
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Dividend
Published Mon, Feb 26 2024 9:49 PM UTC
In a ground-breaking announcement, Innovative Industrial Properties, Inc. (IIP) shared its impressive fourth-quarter and full-year results for 2023. As the first and only real estate company focused on the regulated U.S. cannabis industry listed on the New York Stock Exchange, IIP's achievements have been closely watched by investors and industry enthusiasts alike....
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Innovative Industrial Properties Inc
/>Innovative Industrial Properties Inc. (IIP) has recently released its financial results for the third quarter of 2023, showcasing significant growth in both its top and bottom lines. As the first and only real estate company listed on the New York Stock Exchange (NYSE: IIPR) that focuses on the regulated U.S. cannabis industry, IIP has achieved remarkable success amid a challenging economic landscape. This article will delve into the details of IIP's financial performance, highlighting its revenue growth, net income, and key profitability ratios. 1. Revenue Growth: During the third quarter of 2023, IIP recorded total revenues of approximately $77.8 million, reflecting a robust 10% increase compared to the same period in the previous year. Year on year, revenue surged by 9.795%, indicating a healthy expansion of IIP's business operations. Furthermore, on a quarterly basis, revenue witnessed a notable growth rate of 1.791%.
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Innovative Industrial Properties Inc
/>Innovative Industrial Properties Inc., a leading company in the Real Estate Operations sector, pleasantly surprised investors with its positive financial results in the April to June 30, 2023 financial period. Despite a contraction in the overall real estate business, the company managed to achieve a revenue increase of 8.433% to $76.46 million, compared to $70.51 million in the previous year. While profitability showed modest growth of 1.41% to $1.44 per share, the company's performance has raised eyebrows. This article aims to analyze the key facts and implications of Innovative Industrial Properties Inc.'s financial results. Financial Results: 1. Revenue Growth: Innovative Industrial Properties Inc.'s revenue for the April to June 30, 2023 financial period experienced a substantial increase of 8.433% to $76.46 million. This positive growth is astonishing considering the Real Estate Operations sector witnessed a contraction of -5.59% in overall business during the same period. Moreover, the company's revenue surged by 0.513% compared to the previous quarter.
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Per Share |
Current |
Earnings (TTM) |
5.77 $ |
Revenues (TTM) |
10.87 $
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Cash Flow (TTM) |
1.87 $ |
Cash |
5.7 $
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Book Value |
68.61 $
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Dividend (TTM) |
7.14 $ |
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Per Share |
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Earnings (TTM) |
5.77 $
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Revenues (TTM) |
10.87 $ |
Cash Flow (TTM) |
1.87 $ |
Cash |
5.7 $
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Book Value |
68.61 $ |
Dividend (TTM) |
7.14 $ |
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Company Estimates |
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• Revenue Outlook
Innovative Industrial Properties Inc does not provide revenue guidance.
• Earnings Outlook
Innovative Industrial Properties inc does not provide earnings estimates.
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