Innovative Industrial Properties Inc
Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties and life science real estate.
Innovative Industrial Properties Inc (IIPR) - Net Assets
Latest net assets as of September 2025: $1.86 Billion USD
Based on the latest financial reports, Innovative Industrial Properties Inc (IIPR) has net assets worth $1.86 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.34 Billion) and total liabilities ($474.57 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.86 Billion |
| % of Total Assets | 79.7% |
| Annual Growth Rate | 54.24% |
| 5-Year Change | 26.96% |
| 10-Year Change | N/A |
| Growth Volatility | 91.94 |
Innovative Industrial Properties Inc - Net Assets Trend (2016–2024)
This chart illustrates how Innovative Industrial Properties Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Innovative Industrial Properties Inc (2016–2024)
The table below shows the annual net assets of Innovative Industrial Properties Inc from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.94 Billion | -0.87% |
| 2023-12-31 | $1.95 Billion | -0.45% |
| 2022-12-31 | $1.96 Billion | +21.73% |
| 2021-12-31 | $1.61 Billion | +5.69% |
| 2020-12-31 | $1.52 Billion | +178.27% |
| 2019-12-31 | $548.01 Million | +107.35% |
| 2018-12-31 | $264.29 Million | +259.34% |
| 2017-12-31 | $73.55 Million | +21.69% |
| 2016-12-31 | $60.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Innovative Industrial Properties Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 20732100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $28.00K | 0.00% |
| Other Components | $2.15 Billion | 110.93% |
| Total Equity | $1.94 Billion | 100.00% |
Innovative Industrial Properties Inc Competitors by Market Cap
The table below lists competitors of Innovative Industrial Properties Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Visual China Group Co Ltd
SHE:000681
|
$1.43 Billion |
|
Deliveroo Holdings PLC
PINK:DROOF
|
$1.43 Billion |
|
Mineralys Therapeutics, Inc. Common Stock
NASDAQ:MLYS
|
$1.43 Billion |
|
Central Retail Corporation Public Company Limited
BK:CRC
|
$1.43 Billion |
|
Ube Industries Ltd
PINK:UBEOF
|
$1.43 Billion |
|
Tibet Tianlu Co Ltd
SHG:600326
|
$1.43 Billion |
|
Cogeco Communications Inc
PINK:CGEAF
|
$1.43 Billion |
|
AVI LTD RC-05
F:IZ6
|
$1.43 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Innovative Industrial Properties Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,952,972,000 to 1,936,060,000, a change of -16,912,000 (-0.9%).
- Net income of 161,661,000 contributed positively to equity growth.
- Dividend payments of 213,531,000 reduced retained earnings.
- Share repurchases of 21,380,000 reduced equity.
- New share issuances of 21,380,000 increased equity.
- Other comprehensive income increased equity by 28,000.
- Other factors increased equity by 34,930,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $161.66 Million | +8.35% |
| Dividends Paid | $213.53 Million | -11.03% |
| Share Repurchases | $21.38 Million | -1.1% |
| Share Issuances | $21.38 Million | +1.1% |
| Other Comprehensive Income | $28.00K | +0.0% |
| Other Changes | $34.93 Million | +1.8% |
| Total Change | $- | -0.87% |
Book Value vs Market Value Analysis
This analysis compares Innovative Industrial Properties Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.78x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $62.78 | $53.20 | x |
| 2017-12-31 | $21.79 | $53.20 | x |
| 2018-12-31 | $36.27 | $53.20 | x |
| 2019-12-31 | $51.29 | $53.20 | x |
| 2020-12-31 | $77.97 | $53.20 | x |
| 2021-12-31 | $61.37 | $53.20 | x |
| 2022-12-31 | $70.92 | $53.20 | x |
| 2023-12-31 | $69.12 | $53.20 | x |
| 2024-12-31 | $67.86 | $53.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Innovative Industrial Properties Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.35%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 52.40%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.23x
- Recent ROE (8.35%) is above the historical average (3.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -7.27% | -1368.22% | 0.01x | 1.05x | $-10.44 Million |
| 2017 | -0.10% | -1.12% | 0.08x | 1.09x | $-7.43 Million |
| 2018 | 2.64% | 47.24% | 0.05x | 1.06x | $-19.44 Million |
| 2019 | 4.28% | 52.56% | 0.06x | 1.36x | $-31.33 Million |
| 2020 | 4.31% | 56.23% | 0.07x | 1.16x | $-86.77 Million |
| 2021 | 7.07% | 55.73% | 0.10x | 1.29x | $-47.18 Million |
| 2022 | 7.87% | 55.86% | 0.11x | 1.23x | $-41.80 Million |
| 2023 | 8.48% | 53.50% | 0.13x | 1.22x | $-29.71 Million |
| 2024 | 8.35% | 52.40% | 0.13x | 1.23x | $-31.95 Million |
Industry Comparison
This section compares Innovative Industrial Properties Inc's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $8,215,186,800
- Average return on equity (ROE) among peers: 8.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Innovative Industrial Properties Inc (IIPR) | $1.86 Billion | -7.27% | 0.25x | $1.43 Billion |
| Ascendas Real Estate Investment Trust (ACDSF) | $10.31 Billion | 7.41% | 0.77x | $9.40 Billion |
| BWP Trust (BUNNF) | $2.84 Billion | 9.35% | 0.32x | $1.54 Billion |
| Big Yellow Group Plc (BYLOF) | $1.45 Billion | 18.24% | 0.27x | $2.16 Billion |
| Fibra Terrafina (CBAOF) | $24.78 Billion | 3.83% | 0.61x | $1.16 Billion |
| ESR-REIT (CGIUF) | $1.66 Billion | 0.37% | 0.95x | $119.59 Million |
| Americold Realty Trust (COLD) | $706.75 Million | 6.79% | 2.58x | $3.22 Billion |
| CubeSmart (CUBE) | $2.95 Billion | 13.24% | 1.16x | $8.79 Billion |
| FIBRA Macquarie México (DBMBF) | $36.33 Billion | 10.92% | 0.46x | $1.13 Billion |
| DHAWF (DHAWF) | $549.25 Million | 4.93% | 1.21x | $146.66 Million |
| Dream Industrial Real Estate Investment Trust (DREUF) | $570.82 Million | 14.71% | 1.79x | $2.10 Billion |