Company Quick10K Filing
Innovative Industrial Properties
10-Q 2020-03-31 Filed 2020-05-07
10-K 2019-12-31 Filed 2020-03-02
10-Q 2019-09-30 Filed 2019-11-07
10-Q 2019-06-30 Filed 2019-08-08
10-Q 2019-03-31 Filed 2019-05-09
10-K 2018-12-31 Filed 2019-03-14
10-Q 2018-09-30 Filed 2018-11-08
10-Q 2018-06-30 Filed 2018-08-13
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-03-29
10-Q 2017-09-30 Filed 2017-11-09
10-Q 2017-06-30 Filed 2017-08-10
10-Q 2017-03-31 Filed 2017-05-11
10-K 2016-12-31 Filed 2017-03-23
8-K 2020-05-06 Earnings, Exhibits
8-K 2020-03-09 Regulation FD, Exhibits
8-K 2020-03-03 Enter Agreement, Exhibits
8-K 2020-02-26 Earnings, Exhibits
8-K 2020-02-24 Enter Agreement, Exhibits
8-K 2020-01-24 Enter Agreement, Regulation FD, Exhibits
8-K 2020-01-16 Enter Agreement, Other Events, Exhibits
8-K 2020-01-14 Regulation FD, Exhibits
8-K 2020-01-03 Officers, Exhibits
8-K 2020-01-01 Regulation FD, Exhibits
8-K 2019-12-31 Officers, Exhibits
8-K 2019-12-16 Regulation FD, Exhibits
8-K 2019-11-18 Officers, Exhibits
8-K 2019-11-06 Earnings, Exhibits
8-K 2019-10-30 Enter Agreement, M&A, Exhibits
8-K 2019-09-24 Enter Agreement, Exhibits
8-K 2019-09-20 Enter Agreement, Exhibits
8-K 2019-08-09 Enter Agreement, M&A, Exhibits
8-K 2019-08-07 Earnings, Exhibits
8-K 2019-07-11 Enter Agreement, Regulation FD, Exhibits
8-K 2019-07-02 Officers
8-K 2019-06-26 Regulation FD, Exhibits
8-K 2019-06-13 Enter Agreement, Exhibits
8-K 2019-05-21 Officers, Shareholder Vote, Regulation FD, Exhibits
8-K 2019-05-09 Earnings, Exhibits
8-K 2019-03-13 Enter Agreement, M&A, Exhibits
8-K 2019-03-13 Earnings, Exhibits
8-K 2019-02-15 Enter Agreement, Off-BS Arrangement, Sale of Shares, Regulation FD, Exhibits
8-K 2019-01-22 Regulation FD, Exhibits
8-K 2019-01-16 Officers, Exhibits
8-K 2018-11-07 Earnings, Exhibits
8-K 2018-10-03 Enter Agreement, Regulation FD, Exhibits
8-K 2018-09-04 Regulation FD, Exhibits
8-K 2018-08-10 Earnings, Exhibits
8-K 2018-08-02 Enter Agreement, Regulation FD, Exhibits
8-K 2018-05-31 Enter Agreement, M&A, Regulation FD, Other Events, Exhibits
8-K 2018-05-23 Shareholder Vote
8-K 2018-05-09 Earnings, Exhibits
8-K 2018-03-28 Earnings, Exhibits
8-K 2018-01-18 Enter Agreement, Regulation FD, Exhibits
8-K 2018-01-08 Officers, Exhibits

Innovative Industrial Properties Financials

IIPR Metrics, Comps, Filings

Quarterly | Annual

Business

As used herein, the terms "we", "us", "our" or the "Company" refer to Innovative Industrial Properties, Inc., a Maryland corporation, and any of our subsidiaries, including IIP Operating Partnership, LP, a Delaware limited partnership, or our Operating Partnership.

We are an internally-managed real estate investment trust (“REIT”) focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated state-licensed cannabis facilities. We have acquired and intend to continue to acquire our properties through sale-leaseback transactions and third-party purchases. We have leased and expect to continue to lease our properties on a triple-net lease basis, where the tenant is responsible for all aspects of and costs related to the property and its operation during the lease term, including structural repairs, maintenance, taxes and insurance.

We were incorporated in Maryland on June 15, 2016.We conduct our business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which our properties are owned by our Operating Partnership, directly or through subsidiaries. We are the sole general partner of our Operating Partnership and own, directly or through a subsidiary, 100% of the limited partnership interests in our Operating Partnership. As of December 31, 2018, we had six full-time employees.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Redfin (RDFN) 1,630 19% -23.5 -12% 592 264 547 104 -73 -60 1,410
Seritage Growth Properties (SRG) 1,579 0% 88.0 -4% 2,793 1,714 187 0 -120 15 1,347
Marcus & Millichap (MMI) 1,405 29% 10.7 12% 665 192 799 233 82 110 1,179
Getty Realty (GTY) 1,349 0% 20.4 4% 1,194 609 105 0 49 86 1,761
Safety, Income & Growth (SAFE) 1,214 97% 39.3 1% 1,637 792 64 62 23 48 1,880
Innovative Industrial Properties (IIPR) 1,088 0% 48.2 2% 623 173 27 0 14 23 1,113
Armada Hoffler Properties (AHH) 984 12% 20.9 2% 1,761 1,124 176 21 29 90 1,880
Realogy Holdings (RLGY) 785 0% 16.1 -2% 7,717 5,534 5,832 0 -120 266 4,290
Forestar Group (FOR) 741 8% 16.3 2% 1,456 647 428 36 36 52 856
Gladstone Commercial (GOOD) 727 0% 18.3 1% 978 634 112 0 12 72 1,309
Retail Value (RVI) 710 0% 3.0 5% 1,686 730 251 0 89 179 540
Bluegreen Vacations (BXG) 689 74% 4.3 4% 1,361 890 744 553 53 106 457
Ellington Financial (EFC) 623 5.6 1% 3,627 2,958 0 0 44 120 675
Front Yard Residential (RESI) 616 0% 45.7 -5% 2,077 1,715 209 0 -114 12 535
EXP World (EXPI) 529 0% -56.7 -11% 98 53 706 0 -10 -9 489
FRP Holdings (FRPH) 486 0% 23.1 3% 536 146 18 0 14 22 504
Boston Omaha (BOMN) 483 57% 80.2 -1% 426 86 30 17 -6 6 491
Tejon Ranch (TRC) 455 0% 101.3 0% 534 99 29 0 1 5 513
BBX Capital (BBX) 437 1% 0.2 2% 1,817 1,163 959 12 39 126 19
Nam Tai Property (NTP) 340 0% 318 90 0 0 0 0 340

Balance Sheet ($MM)2016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash3333262212422153135957109
Accounts Receivable
Inventory
PP&E30303847686782109147161233304
Assets6364647080159162166281420431623
Accounts Payable
Long-Term Debt133134134
Liabilities3341067101517152165173
Stockholders' Equity6061606074152152151264268266450
Income Statement ($MM)2016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue347912
Cost of Revenue
Gross Profit
R&D
SG&A1211111232
Tax
Net Income-1-041122437
Cash Flow ($MM)2016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating1141266810
Cash Investing-27-49-2128-94-5-138
Cash Financing-0-01378-2-2134-5180