Is it safe?
Can IIPR take a bad year?
Innovative Industrial Properties, Inc. carries $202M of net debt at 1.02× EBITDA: a load its earnings can carry.
$202M
Net debt · as at Q1 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.02×
Net debt / EBITDA · 0.67× a year ago · the load is going up
- Interest cover
- 5.56×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 43%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ1 2026
- $291M
- Cash and short-term investments
- $89M
- Net debt
- $202M
- EBITDA, trailing twelve months
- $197M
- Operating profit, trailing twelve months
- $123M
- Debt / equity
- 0.15×
- Total debt / EBITDA
- 1.48×
- Annualised volatilitytwo years of daily moves
- 43%
- Worst drawdown on file
- −78%
- Below its 52-week high
- −12%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.