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IIPR - Innovative Industrial Properties, Inc.

NYSE -> Real Estate -> REIT—Industrial
San Diego, United States
Type: Equity

IIPR price evolution
IIPR
(in millions $) 30 Sep 2022 30 Jun 2022 31 Mar 2022 31 Dec 2021
Current assets
Cash $78.52 $45.96 $45.02 $86.42
Short term investments
Net receivables
Inventory
Total current assets
Long term investments
Property, plant & equipment $2052.41 $2018.53 $1803.01 $1641.23
Goodwill & intangible assets $9.32 $9.54 $9.21 $9.15
Total noncurrent assets
Total investments $257.37 $327.14 $225.46 $337.81
Total assets $2430.73 $2425.68 $2108.11 $2084.6
Current liabilities
Accounts payable $13.14 $6.43 $8.99 $7.72
Deferred revenue
Short long term debt
Total current liabilities
Long term debt $301.16 $300.85 $303.54 $326.09
Total noncurrent liabilities
Total debt $301.16 $300.85 $303.54 $326.09
Total liabilities $463.82 $449.91 $461.45 $472.9
Shareholders' equity
Retained earnings -$108.06 -$94.83 -$85.61 -$75.22
Other shareholder equity
Total shareholder equity $1966.91 $1975.77 $1646.66 $1611.7
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Current assets
Cash $86.42 $126.01 $117.32 $13.05
Short term investments
Net receivables
Inventory
Total current assets $126.01 $117.32 $13.05
Long term investments $619.27 $119.59 $120.44
Property, plant & equipment $1641.23 $1021.02 $507.06 $147.36
Goodwill & intangible assets $9.15
Total noncurrent assets
Total investments $337.81 $619.27 $119.59 $120.44
Total assets $2084.6 $1768.08 $745.86 $281.47
Current liabilities
Accounts payable $7.72 $4.64 $3.42 $1.97
Deferred revenue
Short long term debt
Total current liabilities $34.94 $16.39 $5.73
Long term debt $326.09 $136.69 $134.65
Total noncurrent liabilities
Total debt $326.09 $137.75 $135.86
Total liabilities $472.9 $243.11 $197.85 $17.17
Shareholders' equity
Retained earnings -$75.22 -$48.12 -$19.94
Other shareholder equity -$48.12 -$19.94 -$10.27
Total shareholder equity $1611.7 $1524.97 $548.01 $264.29
(in millions $) 30 Sep 2022 30 Jun 2022 31 Mar 2022 31 Dec 2021
Revenue
Total revenue $70.88 $70.51 $64.5 $58.94
Cost of revenue $2.82 $2.43 $1.98 $1.83
Gross Profit $68.06 $68.08 $62.52 $57.12
Operating activities
Research & development
Selling, general & administrative $10.8 $8.71 $8.78 $6.45
Total operating expenses $26.7 $23.94 $22.64 $18.66
Operating income $41.36 $44.14 $39.88 $38.46
Income from continuing operations
EBIT $42.13 $44.72 $39.82 $34.84
Income tax expense
Interest expense $4.51 $4.5 $4.77 $6.21
Net income
Net income $37.62 $40.21 $35.05 $28.63
Income (for common shares) $37.28 $39.88 $34.71 $28.29
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Revenue
Total revenue $204.55 $116.9 $44.67 $14.79
Cost of revenue $4.44 $4.95 $1.31 $0.45
Gross Profit $200.11 $111.94 $43.35 $14.34
Operating activities
Research & development
Selling, general & administrative $22.96 $14.18 $9.82 $6.38
Total operating expenses $64.74 $42.21 $18.42 $9
Operating income $135.37 $69.74 $24.93 $5.34
Income from continuing operations
EBIT $132.08 $73.16 $29.78 $6.99
Income tax expense
Interest expense $18.09 $7.43 $6.31
Net income
Net income $113.99 $65.73 $23.48 $6.99
Income (for common shares) $112.64 $64.38 $22.12 $5.63
(in millions $) 30 Sep 2022 30 Jun 2022 31 Mar 2022 31 Dec 2021
Net income $37.62 $40.21 $35.05 $28.63
Operating activities
Depreciation $15.9 $15.23 $13.87 $12.21
Business acquisitions & disposals $0.5 -$0.6 $0.88
Stock-based compensation $4.38 $4.44 $4.38 $2.19
Total cash flows from operations $56.79 $62.1 $59.88 $47.79
Investing activities
Capital expenditures -$45.59 -$243.75 -$177.22 -$277.09
Investments $70.32 -$102.12 $96.72 $225.6
Total cash flows from investing $25.23 -$345.88 -$81.09 -$50.62
Financing activities
Dividends paid -$49.1 -$45.83 -$38.51 -$35.98
Sale and purchase of stock -$0.03 $330.88 $21.1
Net borrowings -$1.73
Total cash flows from financing -$49.47 $284.72 -$20.18 -$38.05
Effect of exchange rate
Change in cash and equivalents $32.56 $0.94 -$41.4 -$40.88
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net income $113.99 $65.73 $23.48 $6.99
Operating activities
Depreciation $41.78 $28.02 $8.6 $2.63
Business acquisitions & disposals -$0.63 -$0.2 -$0.65
Stock-based compensation $8.62 $3.33 $2.5 $1.47
Total cash flows from operations $188.75 $110.81 $44.93 $15.69
Investing activities
Capital expenditures -$662.13 -$530.03 -$344.57 -$79.77
Investments $278.66 -$496.89 $4.59 -$119.49
Total cash flows from investing -$384.09 -$1027.12 -$340.63 -$199.25
Financing activities
Dividends paid -$130.95 -$75.46 -$22.58 -$6.64
Sale and purchase of stock $1003.97 $286.29 $193.22
Net borrowings $291.45 $138.54
Total cash flows from financing $155.76 $924.99 $399.96 $184.85
Effect of exchange rate
Change in cash and equivalents -$39.59 $8.69 $104.27 $1.29
Fundamentals
Market cap $2.57B
Enterprise value $2.80B
Shares outstanding 27.97M
Revenue $264.84M
EBITDA $218.71M
EBIT $161.50M
Net Income $141.51M
Revenue Q/Q 31.62%
Revenue Y/Y 44.96%
P/E ratio 18.18
EV/Sales 10.56
EV/EBITDA 12.78
EV/EBIT 17.31
P/S ratio 9.72
P/B ratio 1.31
Book/Share 70.31
Cash/Share 2.81
EPS $5.06
ROA 6.26%
ROE 7.86%
Debt/Equity 0.29
Net debt/EBITDA 1.76
Current ratio N/A
Quick ratio N/A