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) - Total Assets
Latest total assets as of September 2025: $2.34 Billion USD
Based on the latest financial reports, Innovative Industrial Properties Inc (IIPR) holds total assets worth $2.34 Billion USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Innovative Industrial Properties Inc - Total Assets Trend (2016–2024)
This chart illustrates how Innovative Industrial Properties Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Innovative Industrial Properties Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Innovative Industrial Properties Inc's total assets of $2.34 Billion consist of 7.1% current assets and 92.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $146.25 Million | 6.2% |
| Accounts Receivable | $22.80 Million | 1.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $2.17 Billion | 91.2% |
| Intangible Assets | $7.38 Million | 0.3% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2016–2024)
This chart illustrates how Innovative Industrial Properties Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Innovative Industrial Properties Inc's current assets represent 7.1% of total assets in 2024, a decrease from 52.6% in 2016.
- Cash Position: Cash and equivalents constituted 6.2% of total assets in 2024, down from 52.1% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 29.0% in 2016.
- Asset Diversification: The largest asset category is property, plant & equipment at 91.2% of total assets.
Innovative Industrial Properties Inc Competitors by Total Assets
Key competitors of Innovative Industrial Properties Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Fibra Terrafina
PINK:CBAOF
|
USA | $63.31 Billion |
|
Esr Kendall Square Reit Co Ltd
KO:365550
|
Korea | ₩2.53 Trillion |
|
Atrium Real Estate Investment Trust
KLSE:5130
|
Malaysia | RM723.24 Million |
|
AME REIT
KLSE:5307
|
Malaysia | RM809.14 Million |
|
Abacus Storage King
AU:ASK
|
Australia | AU$3.71 Billion |
|
Ascendas Real Estate Investment Trust
PINK:ACDSF
|
USA | $19.85 Billion |
|
Margaux Real Estate Investment Trust
V:ALFA-UN
|
Canada | CA$14.11 Million |
|
Amata Summit Growth Freehold and Leasehold Real Estate Investment Trust
BK:AMATAR
|
Thailand | ฿4.69 Billion |
Innovative Industrial Properties Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Innovative Industrial Properties Inc generates 0.13x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Innovative Industrial Properties Inc generates $6.80 in net profit.
Innovative Industrial Properties Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.91 | 1.21 | 1.20 |
| Quick Ratio | 0.91 | 1.21 | 1.20 |
| Cash Ratio | 0.21 | 1.05 | 0.00 |
| Working Capital | $-15.82 Million | $ 29.06 Million | $ 20.65 Million |
Innovative Industrial Properties Inc - Advanced Valuation Insights
This section examines the relationship between Innovative Industrial Properties Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.79 |
| Latest Market Cap to Assets Ratio | 0.60 |
| Asset Growth Rate (YoY) | -0.5% |
| Total Assets | $2.38 Billion |
| Market Capitalization | $1.43 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Innovative Industrial Properties Inc's assets below their book value (0.60 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Innovative Industrial Properties Inc's assets decreased by 0.5% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Innovative Industrial Properties Inc (2016–2024)
The table below shows the annual total assets of Innovative Industrial Properties Inc from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $2.38 Billion | -0.55% |
| 2023-12-31 | $2.39 Billion | -0.98% |
| 2022-12-31 | $2.41 Billion | +15.84% |
| 2021-12-31 | $2.08 Billion | +17.90% |
| 2020-12-31 | $1.77 Billion | +137.05% |
| 2019-12-31 | $745.86 Million | +164.99% |
| 2018-12-31 | $281.47 Million | +251.71% |
| 2017-12-31 | $80.03 Million | +26.37% |
| 2016-12-31 | $63.33 Million | -- |