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Innovative Industrial Properties, Inc. (IIPR) Stock Grade

IIPR · Real Estate

D-
Grade updated: July 18, 2026
Computed by the GradeMyInvestments scoring model from revenue growth, profitability, balance-sheet strength, and analyst targets.
Market Cap
$1.3B
P/E Ratio
11.6
Revenue Growth (YoY)
-13.8%
Net Margin
43.0%
Return on Equity
6.2%
Dividend Yield
16.6%

About Innovative Industrial Properties, Inc.'s fundamentals

Innovative Industrial Properties is a real estate investment trust with a $1.3 billion market capitalization that generated a 43.0% net margin, indicating strong profitability relative to revenue. The company trades at a P/E ratio of 11.6 and offers a notably high dividend yield of 16.6%, though revenue declined 13.8% year-over-year, suggesting recent headwinds in its business. The return on equity of 6.2% is relatively modest, indicating lower efficiency in generating returns from shareholder capital compared to the company's strong margins.

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