Innovative Industrial Properties, Inc.

Innovative Industrial Properties, Inc.verified

IIPR

Price:

$132.12

Market Cap:

$3.74B

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.[Read more]

Industry

REIT - Industrial

IPO Date

2016-12-01

Stock Exchange

NYSE

Ticker

IIPR

The Current Ratio as of September 2024 (TTM) for Innovative Industrial Properties, Inc. (IIPR) is 1.10

According to Innovative Industrial Properties, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.10. This represents a change of -5.55% compared to the average of 1.17 of the last 4 quarters.

Innovative Industrial Properties, Inc. (IIPR) Historical Current Ratio (quarterly & annually)

How has IIPR Current Ratio performed in the past?

The mean historical Current Ratio of Innovative Industrial Properties, Inc. over the last ten years is 3.13. The current 1.10 Current Ratio has changed 3.42% with respect to the historical average. Over the past ten years (40 quarters), IIPR's Current Ratio was at its highest in in the March 2019 quarter at 13.64. The Current Ratio was at its lowest in in the March 2016 quarter at 0.

Quarterly (TTM)
Annual

Average

3.13

Median

1.24

Minimum

0

Maximum

12.74

Innovative Industrial Properties, Inc. (IIPR) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Innovative Industrial Properties, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = Infinity%

Maximum Annual Current Ratio = 12.74

Minimum Annual Increase = -85.08%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.2473.75%
20220.714.51%
20210.68-42.97%
20201.20-36.80%
20191.89-75.65%
20187.77308.84%
20171.90-85.08%
201612.74Infinity%

Innovative Industrial Properties, Inc. (IIPR) Average Current Ratio

How has IIPR Current Ratio performed in the past?

The current Current Ratio of Innovative Industrial Properties, Inc. (IIPR) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.88

5-year avg

1.14

10-year avg

3.13

Innovative Industrial Properties, Inc. (IIPR) Current Ratio vs. Peers

How is IIPR’s Current Ratio compared to its peers?

Innovative Industrial Properties, Inc.’s Current Ratio is greater than Prologis, Inc. (0.52), greater than Public Storage (0.93), greater than Extra Space Storage Inc. (1.06), greater than CubeSmart (0.29), greater than STAG Industrial, Inc. (0.97), greater than Rexford Industrial Realty, Inc. (0.92), greater than Life Storage, Inc. (0.09), greater than National Storage Affiliates Trust (0.31), greater than Americold Realty Trust, Inc. (0.39),

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