IIPR
Bearish signal
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Unavailable or mixed. Purchase and sale value are mixed
- Congress Unavailable or mixed. No purchase disclosures in the stored window
- Financial indicators Unavailable or mixed. Current ratio 0.15 · operating margin 47% — readings disagree
- Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
- Timing Unavailable or mixed. No stored price series
ACHAT TOTAL: 528 titres (~29 937,60 $ US) VENTE TOTALE: 611 titres (~34 435,96 $ US)
- Insiders
- Shoemaker ScottIves Bruce Alan
- Total bought
-
$29,938
Avg buy (VWAP, 90d window) $56.70 vs last close —
- Total sold
-
$34,436
Avg sell (VWAP, 90d window) $56.36 vs last close —
- Last activity
- 2026-09-15
- Last synced
-
2026-09-21 10:15:11
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-09-15 | Shoemaker Scott | Sell | 611 | $56.36 | $34,436 | Form 4 |
| 2026-08-31 | Ives Bruce Alan | Buy | 528 | $56.70 | $29,938 | Form 4 |
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
Market snapshot
Signal
Bearish signalScored 2026-09-18
IIPR presents a deeply concerning financial profile with a critical current ratio of 0.15, a debt service coverage ratio below 1.0, and an unsustainable dividend payout exceeding 190%, signaling acute short-term…
The first sentence of the analysis written for IIPR on 2026-09-18 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 88.7% | 90.8% | 92.0% | 96.2% | 97.8% | |
| Ebit Margin | 50.6% | 57.7% | 58.7% | 62.0% | 63.7% | |
| Ebitda Margin | 78.5% | 80.6% | 80.4% | 84.2% | 84.2% | |
| Operating Profit Margin | 46.7% | 54.6% | 56.4% | 61.4% | 66.2% | |
| Pretax Profit Margin | 43.0% | 52.4% | 53.5% | 55.9% | 55.7% | |
| Continuous Operations Profit Margin | 43.0% | 52.4% | 53.5% | 55.9% | 55.7% | |
| Net Profit Margin | 43.0% | 52.4% | 53.5% | 55.9% | 55.7% | |
| Bottom Line Profit Margin | 43.0% | 51.1% | 52.7% | 55.3% | 58.5% | |
| Current Ratio | 0.149 | 1.273 | 1.238 | 0.713 | 0.682 | |
| Quick Ratio | 0.149 | 1.273 | 1.238 | 0.713 | 0.682 | |
| Solvency Ratio | 0.361 | 0.526 | 0.531 | 0.476 | 0.329 | |
| Cash Ratio | 0.149 | 1.101 | 1.061 | 0.583 | 0.557 | |
| Price To Earnings Ratio | 11.899 | 11.943 | 17.323 | 18.196 | 56.058 | |
| Price To Earnings Growth Ratio | -0.415 | -2.896 | 3.860 | 0.970 | 1.304 | |
| Forward Price To Earnings Growth Ratio | -0.415 | -2.896 | 3.860 | 0.970 | 1.304 | |
| Price To Earnings Diluted Ratio | 12.051 | 12.072 | 17.473 | 18.361 | 57.782 | |
| Price To Earnings Diluted Growth Ratio | -0.418 | -2.786 | 3.858 | 0.861 | 1.476 | |
| Price To Book Ratio | 0.718 | 0.972 | 1.444 | 1.413 | 3.899 | |
| Price To Sales Ratio | 4.987 | 6.097 | 9.114 | 10.028 | 30.723 | |
| Price To Free Cash Flow Ratio | 7.590 | 7.278 | 11.038 | -19.832 | 33.295 | |
| Price To Operating Cash Flow Ratio | 6.692 | 7.278 | 11.038 | 11.837 | 33.295 | |
| Debt To Assets Ratio | 0.166 | 0.125 | 0.126 | 0.125 | 0.156 | |
| Debt To Equity Ratio | 0.213 | 0.154 | 0.154 | 0.154 | 0.202 | |
| Debt To Capital Ratio | 0.176 | 0.133 | 0.133 | 0.133 | 0.168 | |
| Long Term Debt To Capital Ratio | 0.039 | 0.133 | 0.133 | 0.133 | 0.168 | |
| Financial Leverage Ratio | 1.283 | 1.228 | 1.224 | 1.231 | 1.293 | |
| Working Capital Turnover Ratio | -2.260 | 9.104 | -54.124 | -6.192 | -15.942 | |
| Operating Cash Flow Ratio | 0.621 | 1.946 | 1.933 | 1.566 | 1.296 | |
| Operating Cash Flow Sales Ratio | 0.745 | 0.838 | 0.826 | 0.847 | 0.923 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.882 | 1.000 | 1.000 | -0.597 | 1.000 | |
| Debt Service Coverage Ratio | 0.615 | 15.298 | 15.462 | 12.712 | 9.518 | |
| Interest Coverage Ratio | 6.146 | 10.355 | 10.847 | 9.268 | 7.485 | |
| Short Term Operating Cash Flow Coverage Ratio | 0.621 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Operating Cash Flow Coverage Ratio | 0.503 | 0.868 | 0.849 | 0.777 | 0.579 | |
| Capital Expenditure Coverage Ratio | 8.458 | 0.000 | 0.000 | 0.626 | 0.000 | |
| Dividend Paid And Capex Coverage Ratio | 0.816 | 1.210 | 1.252 | 0.419 | 1.427 | |
| Dividend Payout Ratio | 1.918 | 1.321 | 1.232 | 1.200 | 1.161 | |
| Enterprise Value Multiple | 8.014 | 8.172 | 11.979 | 12.834 | 37.929 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 88.6% | ▼-2.1% | ▼-4.4% |
| Ebit Margin | 50.6% | ▼-7.0% | ▼-7.9% |
| Ebitda Margin | 78.5% | ▼-2.1% | ▼-3.1% |
| Operating Profit Margin | 46.7% | ▼-7.9% | ▼-10.4% |
| Pretax Profit Margin | 43.0% | ▼-9.4% | ▼-9.1% |
| Continuous Operations Profit Margin | 43.0% | ▼-9.4% | ▼-9.1% |
| Net Profit Margin | 43.0% | ▼-9.4% | ▼-9.1% |
| Bottom Line Profit Margin | 43.0% | ▼-8.1% | ▼-9.1% |
| Current Ratio | 0.149 | ▼-1.124 | ▼-0.662 |
| Quick Ratio | 0.149 | ▼-1.124 | ▼-0.662 |
| Solvency Ratio | 0.360 | ▼-0.165 | ▼-0.084 |
| Cash Ratio | 0.149 | ▼-0.952 | ▼-0.541 |
| Price To Earnings Ratio | 11.899 | ▼-0.043 | ▼-11.184 |
| Price To Earnings Growth Ratio | -0.415 | ▲2.481 | ▼-0.979 |
| Forward Price To Earnings Growth Ratio | -0.415 | ▲2.481 | ▼-0.979 |
| Price To Earnings Diluted Ratio | 12.051 | ▼-0.022 | ▼-11.497 |
| Price To Earnings Diluted Growth Ratio | -0.418 | ▲2.368 | ▼-1.016 |
| Price To Book Ratio | 0.718 | ▼-0.254 | ▼-0.971 |
| Price To Sales Ratio | 4.987 | ▼-1.110 | ▼-7.203 |
| Price To Free Cash Flow Ratio | 7.590 | ▲0.311 | ▼-0.284 |
| Price To Operating Cash Flow Ratio | 6.692 | ▼-0.586 | ▼-7.336 |
| Debt To Assets Ratio | 0.166 | ▲0.041 | ▲0.026 |
| Debt To Equity Ratio | 0.213 | ▲0.059 | ▲0.038 |
| Debt To Capital Ratio | 0.176 | ▲0.042 | ▲0.027 |
| Long Term Debt To Capital Ratio | 0.039 | ▼-0.095 | ▼-0.083 |
| Financial Leverage Ratio | 1.283 | ▲0.055 | ▲0.031 |
| Working Capital Turnover Ratio | -2.260 | ▼-11.363 | ▲11.623 |
| Operating Cash Flow Ratio | 0.621 | ▼-1.326 | ▼-0.852 |
| Operating Cash Flow Sales Ratio | 0.745 | ▼-0.092 | ▼-0.090 |
| Free Cash Flow Operating Cash Flow Ratio | 0.882 | ▼-0.118 | ▲0.225 |
| Debt Service Coverage Ratio | 0.615 | ▼-14.683 | ▼-10.106 |
| Interest Coverage Ratio | 6.146 | ▼-4.208 | ▼-2.674 |
| Short Term Operating Cash Flow Coverage Ratio | 0.621 | ▲0.621 | ▲0.497 |
| Operating Cash Flow Coverage Ratio | 0.503 | ▼-0.364 | ▼-0.212 |
| Capital Expenditure Coverage Ratio | 8.458 | ▲8.458 | ▲6.641 |
| Dividend Paid And Capex Coverage Ratio | 0.816 | ▼-0.395 | ▼-0.209 |
| Dividend Payout Ratio | 1.918 | ▲0.597 | ▲0.552 |
| Enterprise Value Multiple | 8.014 | ▼-0.159 | ▼-7.772 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $1.33B | $1.88B | $2.82B | $2.77B | $6.28B | |
| Enterprise value | $1.67B | $2.03B | $2.98B | $2.99B | $6.53B | |
| EV / Sales | 6.29x | 6.59x | 9.63x | 10.80x | 31.92x | |
| EV / Op. cash flow | 8.44x | 7.87x | 11.67x | 12.75x | 34.59x | |
| EV / Free cash flow | 9.57x | 7.87x | 11.67x | -21.37x | 34.59x | |
| EV / EBITDA | 8.01x | 8.17x | 11.98x | 12.83x | 37.93x | |
| Net debt / EBITDA | 1.66x | 0.61x | 0.65x | 0.92x | 1.42x | |
| Current ratio | 0.15x | 1.27x | 1.24x | 0.71x | 0.68x | |
| Income quality | 1.73x | 1.60x | 1.54x | 1.52x | 1.66x | |
| Graham number | $78 | $94 | $96 | $95 | $85 | |
| Graham net-net | -$17 | -$10 | -$10 | -$13 | -$16 | |
| Tax burden | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | |
| Interest burden | 85.0% | 90.9% | 91.1% | 90.1% | 87.4% | |
| Working capital | -$271.7M | $36.3M | $31.5M | -$43.0M | -$46.3M | |
| Invested capital | -$264.8M | $44.6M | $41.1M | -$32.1M | -$36.1M | |
| Return on assets | 4.8% | 6.8% | 6.9% | 6.4% | 5.5% | |
| Operating ROA | 5.2% | 7.1% | 7.3% | 7.5% | 7.0% | |
| Return on tangible assets | 4.8% | 6.8% | 6.9% | 6.4% | 5.5% | |
| Return on equity | 6.2% | 8.3% | 8.5% | 7.9% | 7.1% | |
| Return on invested capital | 227.9% | 7.5% | 7.7% | 7.5% | 7.0% | |
| Return on capital employed | 6.1% | 7.5% | 7.7% | 7.5% | 7.0% | |
| Earnings yield | 8.6% | 8.6% | 5.9% | 5.6% | 1.8% | |
| Free cash flow yield | 13.2% | 13.7% | 9.1% | -5.0% | 3.0% | |
| Capex / Op. cash flow | 11.8% | 0.0% | 0.0% | 159.7% | 0.0% | |
| Capex / Depreciation | 31.6% | 0.0% | 0.0% | 609.9% | 0.0% | |
| Capex / Sales | 8.8% | 0.0% | 0.0% | 135.3% | 0.0% | |
| SG&A / Sales | 12.7% | 12.1% | 13.8% | 13.9% | 11.2% | |
| R&D / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Stock comp / Sales | 3.8% | 5.6% | 6.3% | 6.3% | 4.2% | |
| Intangibles / Total assets | 0.3% | 0.3% | 0.3% | 0.4% | 0.4% | |
| Days sales outstanding | 23d | 27d | 26d | 24d | 23d | |
| Days payables outstanding | 167d | 267d | 308d | 1388d | 4436d | |
| Operating cycle | 23d | 27d | 26d | 24d | 23d | |
| Cash conversion cycle | -144d | -240d | -282d | -1364d | -4412d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Valuation
Market cap ▼-29.5%EV / Sales ▼-4.6%EV / EBITDA ▼-1.9%EV / Op. cash flow ▲+0.574Earnings yield +0.000Graham number ▼-16.126
Profitability
Return on equity ▼-0.022Return on assets ▼-0.020Return on invested capital ▲+2.204Return on capital employed ▼-0.014Operating ROA ▼-0.018Income quality ▲+0.133Tax burden -0.000
Efficiency
Days sales outstanding ▼-3.918Days payables outstanding ▼-99.206Operating cycle ▼-3.918Cash conversion cycle ▲+95.288Capex / Sales n/aR&D / Sales n/a
Balance-sheet strength
Current ratio ▼-1.124Net debt / EBITDA ▲+1.049Working capital ▼-307922000.000Invested capital ▼-309378000.000Intangibles / Total assets -0.000
Change over 5 years
Valuation
Market cap ▼-78.9%EV / Sales ▼-80.3%EV / EBITDA ▼-78.9%EV / Op. cash flow ▼-26.155Earnings yield ▲+0.068Graham number ▼-7.168
Profitability
Return on equity ▼-0.009Return on assets ▼-0.006Return on invested capital ▲+2.209Return on capital employed ▼-0.009Operating ROA ▼-0.018Income quality ▲+0.076Tax burden 0.000
Efficiency
Days sales outstanding ▲+0.009Days payables outstanding ▼-4268.208Operating cycle ▲+0.009Cash conversion cycle ▲+4268.217Capex / Sales n/aR&D / Sales n/a
Balance-sheet strength
Current ratio ▼-0.533Net debt / EBITDA ▲+0.235Working capital ▼-225352000.000Invested capital ▼-228693000.000Intangibles / Total assets ▼-0.002
Employee count
Peer market caps
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Recent trades
| Date | Representative | Type | Amount |
|---|---|---|---|
| 2023-07-12 | Daniel Goldman | Sale (Full) | $1,001 - $15,000 |
| 2023-04-10 | Daniel Goldman | Sale | $1,001 - $15,000 |
| 2022-10-12 | Chris Jacobs | Purchase | $1,001 - $15,000 |
| 2022-07-18 | Chris Jacobs | Sale (Full) | $1,001 - $15,000 |
Recent news
- 2026-09-20 The REIT Conundrum REITs have evolved into a larger, more diversified, and better-capitalized asset class, now less sensitive to Treasury yields than in prior cycles. Modern REITs feature lower leverage (34.4% debt), predominantly fixed-rate, long-maturity debt, and strong liquidity, supporting resilience amid higher rates. Supply constraints and rising replacement costs create durable moats for select REIT sectors, especially those with HALO (Heavy Assets, Low Obsolescence) characteristics.
- 2026-09-18 Innovative Industrial Properties (IIPR) Stock Sinks As Market Gains: Here''s Why Innovative Industrial Properties (IIPR) reached $55.62 at the closing of the latest trading day, reflecting a -1.44% change compared to its last close.
- 2026-09-15 Innovative Industrial Properties Declares Third Quarter 2026 Dividends SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”) announced today that its board of directors has declared a third quarter 2026 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. Since its inception in 2016, the Company has paid $1.2 billion in common stock dividends to its shareholders. Additionally, IIP announced today that its board of directors has declared a regular quarterly div.
- 2026-09-13 Net Lease REITs: Diversification Or Diworsification? Essential Properties Realty Trust offers a compelling blend of diversification, income, safety, and growth, with its largest tenant at just 3.1% of base rent. Diversification reduces tenant-specific risk, but quality of tenants, lease coverage, and disciplined capital allocation are critical for durable, repeatable AFFO-per-share growth. Concentrated REITs like PSTL or GLPI may deliver higher yields and faster growth but carry materially higher risk premiums due to tenant or sector concentration.
- 2026-09-11 Innovative Industrial Properties (IIPR) Laps the Stock Market: Here''s Why Innovative Industrial Properties (IIPR) reached $56.25 at the closing of the latest trading day, reflecting a +1.17% change compared to its last close.
- 2026-09-11 Innovative Industrial Properties: One Of The Most Mispriced High-Yield REITs Today Innovative Industrial Properties, Inc. remains a Strong Buy, with valuation deeply discounted despite robust AFFO growth and a double-digit dividend yield. IIPR''s Q2 AFFO per share rose 7% year-over-year, supported by disciplined capital allocation, balance sheet strength, and opportunistic share repurchases. Cannabis rescheduling progress and the industry''s evolution could drive long-term re-rating, even as tenant risk and macroeconomic headwinds persist.
- 2026-09-10 3 High-Dividend Marijuana Stocks to Watch in September 2026 The cannabis sector continues to evolve as investors search for opportunities beyond traditional marijuana producers and dispensary operators. One area attracting attention is cannabis real estate investment trusts, or cannabis REITs. These companies offer investors another way to participate in the expanding legal cannabis industry. Instead of selling marijuana products, cannabis REITs provide real estate and financing to licensed operators. Therefore, they can generate revenue without directly handling cannabis. This business structure has also made several cannabis REITs attractive dividend stocks. Many offer dividend yields considerably higher than those available from traditional income investments. As a result, income investors may find this small corner of the marijuana stock market especially interesting. However, higher dividend yields usually come with additional risks. Cannabis remains federally illegal in the United States. Consequently, marijuana businesses continue facing banking, financing, taxation, and regulatory challenges. These difficulties can also affect landlords and lenders serving the industry.
- 2026-09-04 Innovative Industrial Properties: Compelling 13% Dividend Yield Backed By Regulatory Catalysts Innovative Industrial Properties offers a high double-digit dividend yield, supported by a conservatively leveraged balance sheet and sector-specific regulatory tailwinds. IIPR trades at a 13.4% yield, with a strong buy rating reiterated based on its risk-adjusted upside and potential for re-rating as AFFO improves. Tenant concentration and cannabis sector volatility remain key risks, but low leverage (1.7x debt/EBITDA) provides significant flexibility versus net lease peers.
- 2026-09-02 Why Is Innovative Industrial Properties (IIPR) Down 6.9% Since Last Earnings Report? Innovative Industrial Properties (IIPR) reported earnings 30 days ago. What''s next for the stock?
- 2026-08-26 Glean:GO Brings Enterprise AI Leaders to San Francisco: NYSE Content Update NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, Aug. 26, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor.