IIPRInnovative Industrial Properties, Inc.
Is the price fair?
Cheap against its own history. That is the only one of 3 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Cheap vs its own history: P/E 12.3 vs a 19.9 median over 34 quarters (−38% vs median).
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.
What IIPR's price assumes
Innovative Industrial Properties, Inc. trades at 12.3× earnings against 28.1× for the median REIT - Industrial name, cheaper than its own group.
Trailing P/E · REIT - Industrial median 28.1 · cheaper than the typical name in its group
- Price / sales
- 7.06
Price / sales · as of 2026-Q2
- Price / book
- 1.00
Price / book · as of 2026-Q2
- EV / sales
- 6.76
EV / sales
Details›
- Price / bookas of 2026-Q2
- 1.00
- EV / EBITas of 2026-Q2
- 13.1
- EV / salesas of 2026-Q2
- 6.76
- Real Estate median P/E130 names
- 26.0
- REIT - Industrial median P/E11 names
- 28.1
- Market capitalisation27.6 million shares, counted Aug 4, 2026
- $1.50B
| Method | Per share |
|---|---|
| Its own P/E history, lower quartile | $53.35 |
| Its own P/E history, median | $87.64 |
| Its own P/E history, upper quartile | $161.19 |
| 52-week range | $41.27 – $64.66 |
| Today | $54.26 |
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.
Against its own past
Its multiples now against their own history, and how much of the price move came from earnings rather than the multiple.
REIT, Industrial
The closest names by size in the same industry