INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR)
Real Estate
Latest Price
$58.81
TTM P/E
15.00
Normalized P/E
11.60
Div Yield
9.69%
Book Value
63.82
P/B Ratio
0.92
Valuation metrics
adjust assumptions →EPS: $3.93
Book value / share: $65.95
Formula: √(22.5 × EPS × BVPS)
Graham Number
$76.36
+30% upside
Norm. op. income: $135M (median of 7yr)
Tax rate: 25%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$23.88
59% downside
EPS: $3.93
Target P/E: 12×
Formula: EPS × P/E
P/E Fair Value
$47.16
20% downside
Institutional Ownership
69.5% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 4.78M | $239.0M | 16.89% | +45.3K | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 2.73M | $136.0M | 9.64% | -- | 2026-03-31 |
| STATE STREET CORP | 1.59M | $82.0M | 5.60% | -18.5K | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 1.24M | $62.0M | 4.39% | -- | 2026-03-31 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 573.6K | $28.0M | 2.03% | +32.9K | 2026-03-31 |
| GOLDMAN SACHS GROUP INC | 541.9K | $27.0M | 1.91% | +32.8K | 2026-03-31 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 539.6K | $27.0M | 1.91% | +524.3K | 2026-03-31 |
| Parallax Volatility Advisers, L.P. | 500.0K | $25.0M | 1.77% | +75.2K | 2026-03-31 |
| Invesco Ltd. | 496.1K | $24.0M | 1.75% | +2.6K | 2026-03-31 |
| Point72 Asset Management, L.P. | 464.9K | $23.0M | 1.64% | +280.3K | 2026-03-31 |