IIPRInnovative Industrial Properties, Inc.

$57.06

Is the price fair?

What IIPR's price assumes

Innovative Industrial Properties, Inc. trades at 14.6× earnings against 30.3× for the median REIT - Industrial name, cheaper than its own group.

14.6

Trailing P/E · REIT - Industrial median 30.3 · cheaper than the typical name in its group

Price / sales
5.42

Price / sales · as of 2026-Q1

Price / book
0.75

Price / book · as of 2026-Q1

Details
Price / book2026-Q1
0.75
Real Estate median P/E114 names
28.3
REIT - Industrial median P/E11 names
30.3
Market capitalisation
$1.73B
What the market has paid for these earnings: 30 quarters of its own multiple × $3.91 of trailing earnings per share
MethodPer share
Its own P/E history, lower quartile$48.22
Its own P/E history, median$90.11
Its own P/E history, upper quartile$133.26
52-week range$40.97 – $64.66
Today$57.06

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.