I

Innovative Industrial Properties Inc
NYSE:IIPR

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Innovative Industrial Properties Inc
NYSE:IIPR
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Price: 56.1 USD 2.02%
Market Cap: 1.6B USD

Relative Value

The Relative Value of one IIPR stock under the Base Case scenario is 95.8 USD. Compared to the current market price of 56.1 USD, Innovative Industrial Properties Inc is Undervalued by 41%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

IIPR Relative Value
Base Case
95.8 USD
Undervaluation 41%
Relative Value
Price
I
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
96
vs Industry
32
Median 3Y
8.2
Median 5Y
10.5
Industry
3.6
Forward
5.6
vs History
96
vs Industry
39
Median 3Y
15.3
Median 5Y
20
Industry
16.4
Forward
12.8
vs History
96
vs Industry
48
Median 3Y
9.7
Median 5Y
12.3
Industry
10.8
vs History
30
vs Industry
27
Median 3Y
10
Median 5Y
-4.1
Industry
12.6
vs History
96
vs Industry
37
Median 3Y
1.1
Median 5Y
1.4
Industry
0.8
vs History
96
vs Industry
45
Median 3Y
8.8
Median 5Y
11.3
Industry
6.4
Forward
6.2
vs History
96
vs Industry
62
Median 3Y
9.5
Median 5Y
11.8
Industry
11.8
vs History
96
vs Industry
59
Median 3Y
10.9
Median 5Y
13.6
Industry
15.7
Forward
8.4
vs History
96
vs Industry
52
Median 3Y
15.1
Median 5Y
18.4
Industry
18.9
Forward
11.2
vs History
96
vs Industry
56
Median 3Y
10.3
Median 5Y
13.1
Industry
18.3
vs History
30
vs Industry
44
Median 3Y
9.7
Median 5Y
-4.4
Industry
20
vs History
96
vs Industry
31
Median 3Y
1
Median 5Y
1.3
Industry
0.7

Multiples Across Competitors

IIPR Competitors Multiples
Innovative Industrial Properties Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Innovative Industrial Properties Inc
NYSE:IIPR
1.6B USD 5.2 10.1 7.1 10
US
Prologis Inc
NYSE:PLD
97.4B USD 11.7 26.2 22.1 39.7
AU
Goodman Group
ASX:GMG
60.1B AUD 26.7 65.2 140.5 140.5
SG
ESR-Logos REIT
SGX:J91U
1.8B 0 0 0 0
UK
SEGRO PLC
LSE:SGRO
9.3B GBP 13.8 15.7 29 29.8
SG
Ascendas Real Estate Investment Trust
SGX:A17U
11.7B 0 0 0 0
US
Lineage Inc
NASDAQ:LINE
10.8B USD 2 -16.2 13.7 48.3
US
Eastgroup Properties Inc
NYSE:EGP
8.7B USD 13.3 38.3 21.9 37.7
US
Rexford Industrial Realty Inc
NYSE:REXR
8.1B USD 8.3 29.8 16.7 28.2
US
First Industrial Realty Trust Inc
NYSE:FR
6.4B USD 9.5 24.4 19.8 31
US
STAG Industrial Inc
NYSE:STAG
6.3B USD 8.3 33.5 16.6 34.2