Innovative Industrial Properties Inc

Chart & Performance

D1W1MN

Profile

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.

URL

https://innovativeindustrialproperties.com/

IPO date

Nov 29, 2016

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	308,517 -0.32%	309,506 11.99%	276,359 35.11%
Cost of revenue	65,916	67,725	49,040
Unusual Expense (Income)
NOPBT	242,601	241,781	227,319
NOPBT Margin	78.63%	78.12%	82.25%
Operating Taxes			(3,476)
Tax Rate
NOPAT	242,601	241,781	230,795
Net income	159,857 -3.46%	165,588 7.26%	154,386 35.44%
Dividends	(213,531)	(204,063)	(185,295)
Dividend yield	11.23%	7.16%	6.61%
Proceeds from repurchase of equity	11,757	9,564	349,519
BB yield	-0.62%	-0.34%	-12.47%
Debt
Debt current			301,495
Long-term debt	297,865	299,408	303,371
Deferred revenue			452,943
Other long-term liabilities	11,338	8,010	(452,918)
Net debt	146,620	137,211	316,809
Cash flow
Cash from operating activities	258,446	255,543	234,130
CAPEX			(373,878)
Cash from investing activities	(55,996)	(6,788)	(396,201)
Cash from financing activities	(197,904)	(195,628)	164,224
FCF	243,010	413,584	257,392
Balance
Cash	146,245	140,249	87,122
Long term investments	5,000	21,948	200,935
Excess cash	135,819	146,722	274,239
Stockholders' equity	23,660	(142,817)	(206,883)
Invested Capital	2,221,603	2,465,732	2,771,791
ROIC	10.35%	9.23%	8.78%
ROCE	10.81%	10.41%	8.86%
EV
Common stock shares outstanding	28,531	28,256	27,663
Price	66.64 -33.90%	100.82 -0.52%	101.35 -61.45%
Market cap	1,901,283 -33.26%	2,848,749 1.61%	2,803,662 -59.39%
EV	2,071,535	2,999,969	3,148,344
EBITDA	313,408	308,975	288,622
EV/EBITDA	6.61	9.71	10.91
Interest	16,258	16,096	18,301
Interest/NOPBT	6.70%	6.66%	8.05%