Innovative Industrial Properties Key Fundamental Indicators

Innovative Industrial Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Common Stock Shares Outstanding 17 M 32.8 M 12.5 M Slightly volatile Total Assets 1.5 B 2.7 B 989.1 M Slightly volatile Short and Long Term Debt Total 254.7 M 268.1 M 25.1 B Slightly volatile Total Current Liabilities 92.1 M 152.7 M 59.7 M Slightly volatile Total Stockholder Equity 1.2 B 2.2 B 808.1 M Slightly volatile Other Liabilities 50.8 M 101.3 M 39.3 M Slightly volatile Net Tangible Assets 2.3 B 2.2 B 867.5 M Slightly volatile Property Plant And Equipment Net 808.8 K 851.4 K 25.6 M Slightly volatile Current Deferred Revenue 36.5 M 65.8 M 24.5 M Slightly volatile Accounts Payable 25.8 M 23.9 M 15.4 M Slightly volatile Cash 88.1 M 168.2 M 69.1 M Slightly volatile Non Current Assets Total 1.4 B 2.5 B 910.4 M Slightly volatile Other Assets 2.7 B 2.6 B 912.7 M Slightly volatile Cash And Short Term Investments 88.1 M 168.2 M 69.1 M Slightly volatile Net Receivables 21.4 M 20.5 M 33.8 M Slightly volatile Common Stock Total Equity 31.4 K 29.9 K 12.9 K Slightly volatile Liabilities And Stockholders Equity 1.5 B 2.7 B 989.1 M Slightly volatile Non Current Liabilities Total 187.4 M 355.6 M 122.2 M Slightly volatile Capital Surpluse 1.3 B 2.4 B 856.4 M Slightly volatile Other Stockholder Equity 1.3 B 2.4 B 874.3 M Slightly volatile Total Liabilities 277.9 M 508.3 M 181 M Slightly volatile Property Plant And Equipment Gross 808.8 K 851.4 K 13 M Slightly volatile Total Current Assets 102.7 M 194.4 M 78.6 M Slightly volatile Non Current Liabilities Other 12.4 M 13 M 17.5 M Slightly volatile Common Stock 20 K 32.2 K 13.8 K Slightly volatile Property Plant Equipment 2.6 B 2.5 B 889 M Slightly volatile Net Invested Capital 1.5 B 2.5 B 926.8 M Slightly volatile Long Term Investments 4.3 M 4.5 M 121.9 M Pretty Stable Capital Stock 16.9 M 27.2 M 15.5 M Slightly volatile Long Term Debt Total 274.6 M 342.5 M 195.7 M Slightly volatile Capital Lease Obligations 903.6 K 951.3 K 1.1 M Slightly volatile Cash And Equivalents 127.8 M 168.2 M 125.7 M Pretty Stable
Innovative Industrial Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Depreciation And Amortization 85.5 M 81.4 M 27.6 M Slightly volatile Selling General Administrative 45.2 M 43.1 M 16.2 M Slightly volatile Total Revenue 372.5 M 354.8 M 120.2 M Slightly volatile Gross Profit 338.2 M 322.1 M 111.8 M Slightly volatile Other Operating Expenses 169.3 M 161.2 M 51.1 M Slightly volatile Total Operating Expenses 134.9 M 128.5 M 42.8 M Slightly volatile Research Development 0.46 0.49 5.9106 Slightly volatile Interest Income 13.3 M 12.6 M 3.5 M Slightly volatile Reconciled Depreciation 85.5 M 81.4 M 26.7 M Slightly volatile Selling And Marketing Expenses 388.8 K 437.4 K 477.4 K Slightly volatile
Innovative Industrial Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Depreciation 85.5 M 81.4 M 26.4 M Slightly volatile Capital Expenditures 89.3 M 94 M 151.1 M Slightly volatile Total Cash From Operating Activities 312.1 M 297.2 M 102.5 M Slightly volatile Change To Netincome 14.5 M 13.8 M 7.7 M Slightly volatile Stock Based Compensation 20.9 M 19.9 M 6.7 M Slightly volatile End Period Cash Flow 93.4 M 168.2 M 72 M Slightly volatile Begin Period Cash Flow 85 M 163 M 64.5 M Slightly volatile Issuance Of Capital Stock 18.3 M 19.2 M 218.4 M Pretty Stable
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 6.66 7.01 14.5147 Very volatile Dividend Yield 0.11 0.1 0.0375 Slightly volatile PTB Ratio 1.29 0.87 1.0835 Slightly volatile Days Sales Outstanding 19.95 24.28 23.3834 Pretty Stable Book Value Per Share 47.07 61.73 59.7062 Very volatile Operating Cash Flow Per Share 4.46 8.24 4.3178 Slightly volatile Stock Based Compensation To Revenue 0.1 0.0645 0.1238 Slightly volatile Capex To Depreciation 6.66 7.01 465 Slightly volatile PB Ratio 1.29 0.87 1.0835 Slightly volatile Payables Turnover 1.29 1.23 0.8528 Pretty Stable Sales General And Administrative To Revenue 0.13 0.14 1.2039 Slightly volatile Capex To Revenue 1.48 1.56 39.8832 Slightly volatile Cash Per Share 8.64 5.96 17.1128 Slightly volatile POCF Ratio 7.95 8.37 14.383 Pretty Stable Interest Coverage 6.84 9.32 6.0612 Slightly volatile Capex To Operating Cash Flow 1.74 1.84 8.775 Slightly volatile Days Payables Outstanding 291 307 1.6 K Pretty Stable Intangibles To Total Assets 0.004 0.0036 0.0042 Slightly volatile Current Ratio 2.73 1.46 6.0563 Slightly volatile Tangible Book Value Per Share 46.96 61.5 59.6113 Very volatile Receivables Turnover 16.16 15.56 15.5706 Slightly volatile Graham Number 60.31 84.61 53.0037 Slightly volatile Shareholders Equity Per Share 47.07 61.73 59.7062 Very volatile Debt To Equity 0.19 0.18 0.212 Slightly volatile Capex Per Share 14.62 12.31 21.4533 Slightly volatile Revenue Per Share 10.33 9.84 5.5834 Slightly volatile Interest Debt Per Share 12.74 12.8 12.7271 Slightly volatile Debt To Assets 0.14 0.1253 0.1595 Slightly volatile Enterprise Value Over EBITDA 8.93 9.4 23.3133 Very volatile Operating Cycle 19.95 24.28 23.3834 Pretty Stable Price Book Value Ratio 1.29 0.87 1.0835 Slightly volatile Days Of Payables Outstanding 291 307 1.6 K Pretty Stable Price To Operating Cash Flows Ratio 7.95 8.37 14.383 Pretty Stable Ebt Per Ebit 0.72 0.86 0.648 Slightly volatile Company Equity Multiplier 0.95 1.11 1.1203 Slightly volatile Long Term Debt To Capitalization 0.15 0.1333 0.1719 Slightly volatile Total Debt To Capitalization 0.15 0.1333 0.1728 Slightly volatile Debt Equity Ratio 0.19 0.18 0.212 Slightly volatile Quick Ratio 2.73 1.46 6.0563 Slightly volatile Dividend Paid And Capex Coverage Ratio 1.14 1.09 0.4986 Slightly volatile Net Income Per E B T 0.8 0.9 0.9824 Slightly volatile Cash Ratio 1.2 1.27 5.8427 Slightly volatile Operating Cash Flow Sales Ratio 1.53 0.96 2.7435 Slightly volatile Days Of Sales Outstanding 19.95 24.28 23.3834 Pretty Stable Cash Flow Coverage Ratios 0.56 0.78 0.5014 Slightly volatile Price To Book Ratio 1.29 0.87 1.0835 Slightly volatile Fixed Asset Turnover 308 294 118 Slightly volatile Capital Expenditure Coverage Ratio 0.34 0.56 0.3348 Slightly volatile Price Cash Flow Ratio 7.95 8.37 14.383 Pretty Stable Enterprise Value Multiple 8.93 9.4 23.3133 Very volatile Debt Ratio 0.14 0.1253 0.1595 Slightly volatile Cash Flow To Debt Ratio 0.56 0.78 0.5014 Slightly volatile Price Sales Ratio 6.66 7.01 14.5147 Very volatile Asset Turnover 0.0654 0.12 0.056 Slightly volatile Gross Profit Margin 0.74 0.82 0.8418 Slightly volatile Price Fair Value 1.29 0.87 1.0835 Slightly volatile
Innovative Industrial Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 1.5 B 2.5 B 1.4 B Slightly volatile

Innovative Fundamental Market Drivers

Innovative Upcoming Events

Innovative Profit Margin Driver Correlations

Altman Z Score Details

Piotroski F Score Details

Beneish M Score Details

Financial Analysis Details

Buy or Sell Advice Details

Earnings Projections Details

Innovative Industrial 'What if' Analysis

Hype Prediction Low Estimated High 45.89 48.39 50.89 Details

Intrinsic Valuation Low Real High 43.61 53.12 55.62 Details

6 Analysts Consensus Low Target High 52.10 57.25 63.55 Details

Earnings Estimates (0) Low Projected EPS High 0.98 1.00 1.02 Details

Innovative Industrial February 10, 2026 Technical Indicators

Innovative Industrial Backtested Returns

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Net Profit Margin Over Time

Innovative Pretax Profit Margin

Innovative Industrial Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Innovative Industrial's current stock value. Our valuation model uses many indicators to compare Innovative Industrial value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Innovative Industrial competition to find correlations between indicators driving Innovative Industrial's intrinsic value. More Info.Innovative Industrial Properties is rated fourth overall in return on equity category among its peers. It is rated third overall in return on asset category among its peers reporting about  0.55  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Innovative Industrial Properties is roughly  1.81 . At this time, Innovative Industrial's Return On Equity is relatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Innovative Industrial by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Innovative Profit Margin Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Innovative Industrial's direct or indirect competition against its Profit Margin to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Innovative Industrial could also be used in its relative valuation, which is a method of valuing Innovative Industrial by comparing valuation metrics of similar companies.

Innovative Industrial Current Valuation Drivers

Innovative Industrial ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Innovative Industrial's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Innovative Industrial's managers, analysts, and investors.

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Innovative Fundamentals

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Pair Trading with Innovative Industrial

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Innovative Industrial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Innovative Industrial will appreciate offsetting losses from the drop in the long position's value.

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