(IIPR) Innovative Industrial - Ratings and Ratios

Innovative Industrial Properties, Inc. (NYSE:IIPR) is a Maryland-based, self-advised real estate investment trust (REIT) specializing in the acquisition, ownership, and management of industrial and greenhouse properties tailored for state-licensed cannabis cultivation and processing. Since its formation, the company has established itself as a leading provider of real estate solutions for the regulated cannabis industry, leasing properties to experienced operators. IIPR began operating as a REIT in 2017, aligning with the IRS rules for REITs, which mandates returning at least 90% of taxable income to shareholders in the form of dividends. The companys portfolio spans across multiple states, providing critical infrastructure to cannabis operators in a highly regulated environment.

From a technical standpoint, IIPR is currently trading at $54.99, with a 20-day moving average of $51.89 and a 50-day moving average of $60.30. The stocks 200-day moving average stands at $90.93, indicating a downtrend over the past year. The average true range (ATR) of 3.14 reflects moderate volatility. On the fundamental side, IIPR has a market cap of $1.48 billion, with a price-to-earnings (P/E) ratio of 9.48 and a forward P/E of 12.64. The price-to-book (P/B) ratio is 0.78, and the price-to-sales (P/S) ratio is 4.81. The return on equity (RoE) is 8.35%.