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Upturn AI SWOT - About
Innovative Industrial Properties Inc (IIPR)
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Upturn Advisory Summary
04/01/2025: IIPR (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Analysis of Past Performance
Type Stock | Historic Profit 20.96% | Avg. Invested days 54 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.58B USD | Price to earnings Ratio 10.12 | 1Y Target Price 71 |
Price to earnings Ratio 10.12 | 1Y Target Price 71 | ||
Volume (30-day avg) 439477 | Beta 1.52 | 52 Weeks Range 49.51 - 128.98 | Updated Date 04/2/2025 |
52 Weeks Range 49.51 - 128.98 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 13.61% | Basic EPS (TTM) 5.52 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 52.4% | Operating Margin (TTM) 55.76% |
Management Effectiveness
Return on Assets (TTM) 4.52% | Return on Equity (TTM) 8.31% |
Valuation
Trailing PE 10.12 | Forward PE 11.48 | Enterprise Value 1707720846 | Price to Sales(TTM) 5.13 |
Enterprise Value 1707720846 | Price to Sales(TTM) 5.13 | ||
Enterprise Value to Revenue 5.54 | Enterprise Value to EBITDA 6.87 | Shares Outstanding 28331800 | Shares Floating 27884757 |
Shares Outstanding 28331800 | Shares Floating 27884757 | ||
Percent Insiders 1.54 | Percent Institutions 73.14 |
Analyst Ratings
Rating 3 | Target Price 109.5 | Buy 1 | Strong Buy - |
Buy 1 | Strong Buy - | ||
Hold 6 | Sell 1 | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Innovative Industrial Properties Inc
Company Overview
History and Background
Innovative Industrial Properties Inc. (IIPR) was founded in 2016 as a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. The company pioneered the cannabis REIT sector.
Core Business Areas
- Real Estate Acquisition: Acquisition of properties suitable for cannabis cultivation and processing.
- Lease Management: Leasing properties to state-licensed cannabis operators under long-term, triple-net lease agreements.
- Property Management: Managing the properties to ensure compliance and operational efficiency.
- Tenant Partnership: Providing real estate solutions and capital to cannabis operators for expansion and improvement projects.
Leadership and Structure
Paul Smithers serves as the Chief Executive Officer and President. The company operates with a board of directors overseeing its strategic direction and governance.
Top Products and Market Share
Key Offerings
- Cannabis Real Estate: Leasing specialized real estate to cannabis operators. IIPR holds a significant portion of the cannabis REIT market, providing crucial infrastructure to licensed growers and processors. Competitors include smaller private REITs and private equity firms. Exact market share data is dynamic, but IIPR is a leading player.
Market Dynamics
Industry Overview
The cannabis industry is experiencing rapid growth and increasing legalization across the United States. The need for specialized real estate to house cannabis cultivation and processing facilities is increasing, creating a significant demand for cannabis REITs. The market is sensitive to regulatory changes and financing conditions.
Positioning
IIPR is positioned as a leading provider of real estate capital and infrastructure solutions to the cannabis industry. Its competitive advantage lies in its expertise, established relationships with operators, and its ability to access capital markets. However, federal illegality creates unique risks.
Total Addressable Market (TAM)
The TAM is estimated in the billions, correlated to the aggregate of all cannabis markets in US states, valued in the 100s of billions. IIPR is strongly positioned but faces regulatory risks.
Upturn SWOT Analysis
Strengths
- First-mover advantage in the cannabis REIT sector
- Established relationships with leading cannabis operators
- Diversified portfolio of properties across multiple states
- Experienced management team
- Access to capital markets
Weaknesses
- Reliance on the cannabis industry, which is subject to regulatory risks
- Limited diversification outside of cannabis
- High concentration of revenue with a few key tenants
- Sensitivity to changes in interest rates
Opportunities
- Expansion into new states legalizing cannabis
- Acquisition of additional properties
- Diversification into other segments of the cannabis industry
- Partnerships with cannabis operators
Threats
- Federal legalization of cannabis, which could increase competition
- Changes in state regulations impacting cannabis operators
- Economic downturn impacting the cannabis industry
- Increased competition from other REITs and private equity firms
Competitors and Market Share
Key Competitors
- AFC Gamma, Inc (AFCG)
- NewLake Capital Partners, Inc.(NLCP)
- Power REIT (PW)
Competitive Landscape
IIPR possesses advantages like a diversified portfolio and established relationships, but federal legalization could erase these advantages. Smaller REITs may be more nimble but lack IIPR's scale.
Major Acquisitions
Various Properties
- Year: 2023
- Acquisition Price (USD millions): 15.3
- Strategic Rationale: Expansion of portfolio and diversification across states
Growth Trajectory and Initiatives
Historical Growth: Discussion of past growth trends, including property acquisitions and revenue growth.
Future Projections: Projections for future growth based on analyst estimates.
Recent Initiatives: Highlights of recent strategic initiatives, such as new property acquisitions or partnerships.
Summary
IIPR pioneered cannabis REITs and has achieved substantial growth. It faces headwinds from regulatory uncertainty and financing cost increases. Successfully navigating the evolving cannabis industry will be crucial for future performance, including potential impact of federal policy. However, Its established position offers considerable advantages.
Similar Companies
AFCG
AFC Gamma Inc
AFCG
AFC Gamma Inc
PW
Power REIT
PW
Power REIT
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Investor Relations
- Analyst Reports
- Industry Publications
Disclaimers:
The information provided is for informational purposes only and should not be construed as investment advice. Market conditions and company performance can change rapidly.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Innovative Industrial Properties Inc
Exchange NYSE | Headquaters Park City, UT, United States | ||
IPO Launch date 2016-12-01 | President, CEO & Director Mr. Paul E. Smithers | ||
Sector Real Estate | Industry REIT - Industrial | Full time employees 22 | |
Full time employees 22 | |||
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 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.
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