Innovative Industrial Properties Inc. (IIPR) carries a Roarable Rating of D+ (Sell) with 57/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.
As of 2026-11-03, Innovative Industrial Properties Inc. (NYSE: IIPR) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 57/100 at a spot price of $54.40 (+4.54% 1D, market cap $1.43B). Pillar breakdown: Fundamental Cash Engine 11/20, Institutional 13F & Options Flow 6/20, SEC Balance-Sheet Forensics 13/20, FRED Macro Regime Fit 11/20, and Executive Insider Alignment 16/20. Across 1097 tracked Financials issuers, IIPR ranks #482 in composite RQD confidence.
Within the Financials sector (Real Estate), IIPR carries a Roarable D+ (57/100 RQD), trailing P/E of 12.5x, gross margin of —, and ROIC of 5.4%. By comparison, EFC (Ellington Financial Inc.) holds a E grade (34/100 RQD, P/E 10.1x, ROIC 8.2%, cap $1.47B) and BXDC (Blackstone Digital Infrastructure Trust Inc.) posts a D grade (46/100 RQD, P/E N/A, ROIC —, cap $1.59B). Among the 5-stock peer group, FOR leads on earnings multiple (7.6x) while FOR leads on capital efficiency (9.4% ROIC).
Per IIPR's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001677576), Innovative Industrial Properties Inc. generated $266.0M in revenue (-13.8% YoY), $118.2M in net income, and $198.2M in free cash flow against $2.37B in total assets and $0 in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run. Institutional options positioning shows a 50% call / 50% put premium split.
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
SEC Form 4 / 13F Thermometer: 80% Net Buy • Cannibal Buyback (-2.36% YoY Shares)
Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 5/9
Put hedging (50% put share) caps near-term gamma upside (-14 pts vs max)
Even with a 57/100 (D+) score, IIPR faces multiple-compression risk if 12.5x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.
Broader market pullbacks can still drag down strong stocks in the short run.
Dilution & Margin Drag: Cannibal Buyback (-2.36% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.
Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($54.26) or 200D SMA ($55.08) invalidates the momentum regime and cuts Target Base ($54.16) toward Bear Floor ($42.24).
Innovative Industrial Properties Inc. (IIPR) surged +4.54% to $54.40, trading at 47% of its 52-week range ($44.58 – $65.38). Stretched risk/reward at 13x P/E (5% return on capital) under elevated 10-year interest-rate pressure.
Yahoo Finance report covering Innovative Industrial Properties Inc. (IIPR) market action, institutional positioning, and fundamental catalysts.
Seeking Alpha report covering Innovative Industrial Properties Inc. (IIPR) market action, institutional positioning, and fundamental catalysts.
Dealroom report covering Innovative Industrial Properties Inc. (IIPR) market action, institutional positioning, and fundamental catalysts.
Investing.com report covering Innovative Industrial Properties Inc. (IIPR) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Innovative Industrial Properties Inc. (IIPR) market action, institutional positioning, and fundamental catalysts.
Business Wire report covering Innovative Industrial Properties Inc. (IIPR) market action, institutional positioning, and fundamental catalysts.
Simply Wall St report covering Innovative Industrial Properties Inc. (IIPR) market action, institutional positioning, and fundamental catalysts.
marketscreener.com report covering Innovative Industrial Properties Inc. (IIPR) market action, institutional positioning, and fundamental catalysts.
IIPR Q3 2026 results beat revenue and AFFO estimates, lifting shares as lease repositioning and life science investments reshape its portfolio.
Innovative Industrial Properties (IIPR) delivered FFO and revenue surprises of +12.64% and +6.07%, respectively, for the quarter ended September 2026. Do the numbers hold clues to what lies ahead for the stock?
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. -13.8% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on IIPR today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for IIPR. Explore sector supply chains on /butterfly.
Across 1097 tracked Financials securities in the Roarable RQD universe, Innovative Industrial Properties Inc. (IIPR) ranks #482 by composite RQD confidence (57/100, grade D+) and #496 by equity capitalization ($1.43B). Within this direct 5-issuer industry benchmark cohort, FOR leads on earnings valuation at 7.6x trailing P/E, while FOR leads on capital efficiency and profitability with 9.4% ROIC and — gross margin. IIPR currently leads its immediate peer cohort in composite quantitative strength at 57/100 (D+).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| IIPR
ACTIVE
Innovative Industrial Properties Inc. | D+ | 57/100 | 12.5x | — | 5.4% | +4.54% | $1.43B | Benchmark Subject |
| EFC Ellington Financial Inc. | E | 34/100 | 10.1x | — | 8.2% | +1.14% | $1.47B | /efc-vs-iipr → |
| BXDC Blackstone Digital Infrastructure Trust Inc. | D | 46/100 | — | — | — | +0.44% | $1.59B | /bxdc-vs-iipr → |
| FOR Forestar Group Inc | E | 29/100 | 7.6x | — | 9.4% | +2.55% | $1.22B | /for-vs-iipr → |
| OPEN Opendoor Technologies Inc | D- | 37/100 | — | — | -35.0% | 0.00% | $1.75B | /open-vs-iipr → |
In its most recent audited fiscal period (FY2025, filed 2025-12-31), Innovative Industrial Properties Inc. (IIPR) reported GAAP revenue of $266.0M (-13.8% vs. FY2024 revenue of $308.5M , and -14.1% cumulative change since FY2023) , GAAP net income of $118.2M, operating cash flow of $198.2M, and free cash flow of $198.2M (-23.3% YoY). On the balance sheet, IIPR closed FY2025 with $2.37B in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 5/9).
| Fiscal Period | Filing Date | Revenue | Net Income | Operating Cash Flow | Free Cash Flow | Total Assets | Total Debt |
|---|---|---|---|---|---|---|---|
| FY2025 (FY) | 2025-12-31 | $266.0M | $118.2M | $198.2M | $198.2M | $2.37B | — |
| FY2024 (FY) | 2024-12-31 | $308.5M | $161.7M | $258.4M | $258.4M | $2.38B | — |
| FY2023 (FY) | 2023-12-31 | $309.5M | $165.6M | $255.5M | $255.5M | — | — |
As of 2026-11-03, Innovative Industrial Properties Inc. (NYSE: IIPR) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 57/100 at a spot price of $54.40 (+4.54% 1D, market cap $1.43B). Pillar breakdown: Fundamental Cash Engine 11/20, Institutional 13F & Options Flow 6/20, SEC Balance-Sheet Forensics 13/20, FRED Macro Regime Fit 11/20, and Executive Insider Alignment 16/20. Across 1097 tracked Financials issuers, IIPR ranks #482 in composite RQD confidence.
Within the Financials sector (Real Estate), IIPR carries a Roarable D+ (57/100 RQD), trailing P/E of 12.5x, gross margin of —, and ROIC of 5.4%. By comparison, EFC (Ellington Financial Inc.) holds a E grade (34/100 RQD, P/E 10.1x, ROIC 8.2%, cap $1.47B) and BXDC (Blackstone Digital Infrastructure Trust Inc.) posts a D grade (46/100 RQD, P/E N/A, ROIC —, cap $1.59B). Among the 5-stock peer group, FOR leads on earnings multiple (7.6x) while FOR leads on capital efficiency (9.4% ROIC).
Per IIPR's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001677576), Innovative Industrial Properties Inc. generated $266.0M in revenue (-13.8% YoY), $118.2M in net income, and $198.2M in free cash flow against $2.37B in total assets and $0 in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run. Institutional options positioning shows a 50% call / 50% put premium split.
IIPR last traded at $54.40 (+4.54% on volume of 398,255 shares), positioning the stock +0.26% above its 50-day simple moving average ($54.26) and -1.23% below its 200-day simple moving average ($55.08). Across its 52-week range of $44.58 to $65.38, IIPR sits at the 47.2% percentile with a 14-day RSI of 44.6 (NEUTRAL RANGE) and an implied next-earnings move of ±5.1% ($51.63 to $57.17).
Innovative Industrial Properties Inc. (IIPR) earns a live Roarable RQD composite score of 57/100, corresponding to a D+ letter grade (Roarable Sell) at a spot price of $54.40 (+4.54% 1D, market capitalization $1.43B).
Innovative Industrial Properties Inc. Is a NYSE-listed issuer in the Financials sector, Real Estate industry. Per the financials section, reported revenue in FY 2025 was $266.0M, with operating income of $124.1M.
In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Innovative Industrial Properties Inc. (IIPR) reported $266.0M in annual revenue (up from $308.5M in FY2024, -13.8% YoY) and $118.2M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($309.5M revenue, $165.6M net income) through FY2025, IIPR scaled operating cash flow to $198.2M and free cash flow to $198.2M, backed by $2.37B in total assets against $0 in total debt.
No upstream or downstream dependencies, sector correlations, or bottlenecks are mapped.
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Yahoo Finance report covering Innovative Industrial Properties Inc. (IIPR) market action, institutional positioning, and fundamental catalysts.
Seeking Alpha report covering Innovative Industrial Properties Inc. (IIPR) market action, institutional positioning, and fundamental catalysts.
Dealroom report covering Innovative Industrial Properties Inc. (IIPR) market action, institutional positioning, and fundamental catalysts.
Investing.com report covering Innovative Industrial Properties Inc. (IIPR) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Innovative Industrial Properties Inc. (IIPR) market action, institutional positioning, and fundamental catalysts.
Business Wire report covering Innovative Industrial Properties Inc. (IIPR) market action, institutional positioning, and fundamental catalysts.
Simply Wall St report covering Innovative Industrial Properties Inc. (IIPR) market action, institutional positioning, and fundamental catalysts.
marketscreener.com report covering Innovative Industrial Properties Inc. (IIPR) market action, institutional positioning, and fundamental catalysts.
The street is overcomplicating Innovative Industrial Properties Inc. (IIPR). Insider-conviction pillar at 16/20 and a 13.45% FCF yield with a 12.5 P/E suggest cash generation is priced cheaply.. With an RQD score of 57/100 (D+) and Forensic Balance Sheet at 13/20, any positive earnings surprise or guidance raise forces underweight funds to chase above $56.20.
@MidwestValue Agree on the RQD 57/100 quality, though with 1.0 beta I'm scaling in with half-size at $52.04 and keeping dry powder in case we test $48.40.
Careful chasing IIPR at $52.04. Revenue and net income fell from FY 2023 to FY 2025 while ROIC sits at only 5.4% and institutional flow scores 8/20.. Gross margin is 0.0%, but operating margin is 46.7%, which shows SG&A and reinvestment are eating into bottom-line EPS. Target $41.63 on multiple compression.
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