Innovative Industrial Properties, Inc. Financial Ratios — IIPR-PA

Profitability (USD)

	2016 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2016	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-13.79	-0.1	3.86	4.57	5.23	5.92	6.86	6.89	6.78	4.98
Return on Capital (%)	- -	- -	- -	105.03	43.39	62.11	70.95	74	102.01	132.84	115.23
Return on Invested Capital (%)	- -	- -	- -	3.16	5.26	5.95	7.52	7.9	7.73	7.66	5.72
Gross Margin (%)	- -	72.9	98.16	96.99	97.06	95.76	97.83	96.19	91.96	90.77	88.65
EBITDA Margin (%)	- -	-204.98	12.54	53.88	75.08	83.63	86.6	82.25	78.12	78.63	75.97
Operating Margin (%)	- -	-213.4	-1.71	36.1	55.82	59.66	66.18	60.07	56.41	55.68	48.12
Incremental Operating Margin (%)	- -	- -	- -	65.11	65.59	62.03	74.88	42.68	25.86	282.41	102.95
Pretax Margin (%)	- -	-1,368.22	-1.12	47.24	52.56	56.23	55.73	55.86	53.5	52.4	44.46
Profit Margin (%)	- -	-1,368.22	-1.12	47.24	52.56	56.23	55.73	55.86	53.5	52.4	44.46
Net Income to Common Margin (%)	- -	-1,368.22	-6.15	38.09	49.53	55.07	55.07	55.38	53.06	51.81	43.03
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	-184.05	117.65	102.08	117.22	116.26	120.2	123.43	132.45	188.49
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

API ChatGPT

	2016 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2016	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	- -	136	137	326	301	301	298	393
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	102
LT Debt	- -	- -	- -	- -	136	137	326	301	301	298	291
Total Debt/EBITDA	- -	- -	- -	- -	4.05	1.4	1.84	1.33	1.24	1.23	1.95
Net Debt/EBITDA	- -	50.16	-14.61	-1.64	1.56	0.11	1.38	0.94	0.66	0.62	1.71
Total Debt/EBIT	- -	- -	- -	- -	5.45	1.96	2.41	1.82	1.72	1.73	3.07
Net Debt/EBIT	- -	48.18	106.89	-2.44	2.1	0.15	1.81	1.29	0.92	0.88	2.7
EBITDA to Interest Expense	- -	- -	- -	- -	6.07	15.08	10.81	13.41	15.02	14.92	10.79
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	6.07	15.08	10.81	13.41	15.02	14.92	10.79
EBIT to Interest Expense	- -	- -	- -	- -	4.51	10.76	8.26	9.79	10.85	10.57	6.83
Interest Expense	- -	- -	- -	- -	6	6	16	17	16	16	19
Common Equity/Total Assets	-53.13	-6.93	-5.57	-3.64	-2.67	-2.72	-3.61	-4.86	-6.56	-8.9	-13.2
Long-Term Debt/Equity (%)	- -	- -	- -	- -	24.79	8.96	20.23	15.37	15.41	15.39	15.73
Long-Term Debt/Capital (%)	- -	- -	- -	- -	104.56	133.22	123.1	152.16	190.35	271.25	227.17
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	18.21	7.73	15.64	12.49	12.58	12.53	12.26
Total Debt/Equity (%)	- -	- -	- -	- -	24.79	8.96	20.23	15.37	15.41	15.39	21.27
Total Debt/Capital (%)	- -	- -	- -	- -	104.56	133.22	123.1	152.16	190.35	271.25	307.3
Total Debt/Total Assets (%)	- -	- -	- -	- -	18.21	7.73	15.64	12.49	12.58	12.53	16.58
Net Debt to Equity	-100	-54.61	-15.99	-4.94	9.56	0.7	15.2	10.93	8.22	7.83	18.7
Net Debt/Capital (%)	0.25	88.26	532.28	140.35	109.9	-45.67	133.29	193.1	901.71	-416.16	430.13
EBITDA	- -	-1	1	8	34	98	177	227	242	243	202
EBITDA-CapEx	- -	-31	1	8	34	98	177	227	242	243	202
Operating Income (Loss)	- -	-1	- -	5	25	70	135	166	175	172	128

Liquidity (USD)

API ChatGPT

	2016 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2016	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	12.64	1.83	7.77	1.33	1.2	0.56	0.58	1.06	1.1	0.21
Current Ratio	1	12.74	1.83	0.76	1.89	1.2	0.68	0.71	1.24	1.27	0.75
Quick Ratio	- -	12.64	1.83	7.77	1.33	1.2	0.65	0.7	1.23	1.27	0.75
CFO/Avg Current Liab	- -	1.13	1.11	1.33	1.14	1.32	1.5	1.59	1.81	1.95	1.12
Common Equity/Total Assets	-53.13	-6.93	-5.57	-3.64	-2.67	-2.72	-3.61	-4.86	-6.56	-8.9	-13.2
Long-Term Debt/Equity (%)	- -	- -	- -	- -	24.79	8.96	20.23	15.37	15.41	15.39	15.73
Long-Term Debt/Capital (%)	- -	- -	- -	- -	104.56	133.22	123.1	152.16	190.35	271.25	227.17
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	18.21	7.73	15.64	12.49	12.58	12.53	12.26
Total Debt/Equity (%)	- -	- -	- -	- -	24.79	8.96	20.23	15.37	15.41	15.39	21.27
Total Debt/Capital (%)	- -	- -	- -	- -	104.56	133.22	123.1	152.16	190.35	271.25	307.3
Total Debt/Total Assets (%)	- -	- -	- -	- -	18.21	7.73	15.64	12.49	12.58	12.53	16.58
CFO/Total Liabilities	- -	58.62	77.4	91.38	22.71	45.58	39.91	51.69	58.33	58.47	37.91
CFO/CapEx	- -	0.06	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	-0.74	0.45	0.08	0.05	0.22	0.17	0.24	0.25	0.3	0.26	0.08

Working Capital (USD)

API ChatGPT

	2016 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2016	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	2.49	0.2	0.16	0.08	0.14	0.09	0.22	0.82	1.36	1.74
Accounts Payable Turnover Days	- -	146.84	1,781.69	2,248.65	4,550.15	2,562.3	3,907.67	1,630.41	447.13	267.85	209.4
Cash Conversion Cycle	- -	-146.84	-1,781.69	-2,248.65	-4,550.15	-2,562.3	-3,907.67	-1,630.41	-447.13	-267.85	-209.4
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2016 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2016	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	- -	33	12	13	82	126	81	87	140	146	48
+ Preferred Equity and Hybrid Capital	- -	- -	14	14	14	14	14	14	14	24	48
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	136	137	326	301	301	298	393
Enterprise Value	- -	-33	2	-119	68	25	259	228	175	175	393
Total Capital	- -	-4	10	4	130	103	265	198	158	110	128
Total Debt/Capital (%)	- -	- -	- -	- -	104.56	133.22	123.1	152.16	190.35	271.25	307.3
Total Debt / EV	- -	- -	- -	- -	2.01	5.54	1.26	1.32	1.72	1.7	1
EV/Sales	- -	- -	0.35	- -	1.51	0.21	1.27	0.83	0.56	0.57	1.48
EV/EBITDA	- -	- -	2.8	- -	2.02	0.25	1.46	1	0.72	0.72	1.95
EV/EBIT	- -	- -	- -	- -	2.71	0.35	1.91	1.38	1	1.02	3.07
EV/Cash Flow to Firm	- -	- -	0.45	- -	1.34	0.21	1.26	0.91	0.64	0.64	1.81
EV/Free Cash Flow to Firm	- -	- -	0.45	- -	1.34	0.21	1.26	0.91	0.64	0.64	1.81
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	- -	-33	2	1	68	25	259	228	175	175	393
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	- -	- -	6	15	45	117	205	276	310	309	266
TTM EBITDA	- -	-1	1	8	34	98	177	227	242	243	202
TTM Operating Income	- -	-1	- -	5	25	70	135	166	175	172	128
TTM Cash Flow to Firm	- -	2	5	16	50	117	205	251	272	275	217
TTM Free Cash Flow to Firm	- -	32	5	16	50	117	205	251	272	275	217

Multiples (USD)

API ChatGPT

	2016 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2016	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	2.71	0.35	1.91	1.38	1	1.02	3.07
Enterprise Value	- -	-33	2	-119	68	25	259	228	175	175	393
Low Price	- -	- -	24.64	26.5	27.4	23	29.4	25	25.08	24.5	22
EV/Sales	- -	- -	0.35	- -	1.51	0.21	1.27	0.83	0.56	0.57	1.48
EV/EBITDA	- -	- -	2.8	- -	2.02	0.25	1.46	1	0.72	0.72	1.95
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	- -	- -	0.35	0.06	1.51	0.21	1.27	0.83	0.56	0.57	1.48
EV/Sales High	- -	- -	0.35	0.06	1.51	0.21	1.27	0.83	0.56	0.57	1.48
EV/Sales Low	- -	- -	0.35	0.06	1.51	0.21	1.27	0.83	0.56	0.57	1.48
EV/EBITDA Average	- -	50.16	2.8	0.12	2.02	0.25	1.46	1	0.72	0.72	1.95
EV/EBITDA High	- -	50.16	2.8	0.12	2.02	0.25	1.46	1	0.72	0.72	1.95
EV/EBITDA Low	- -	50.16	2.8	0.12	2.02	0.25	1.46	1	0.72	0.72	1.95
EV/EBIT Average	- -	48.18	-20.46	0.18	2.71	0.35	1.91	1.38	1	1.02	3.07
EV/EBIT High	- -	48.18	-20.46	0.18	2.71	0.35	1.91	1.38	1	1.02	3.07
EV/EBIT Low	- -	48.18	-20.46	0.18	2.71	0.35	1.91	1.38	1	1.02	3.07
Last Price	- -	- -	27.94	28	29.75	35.42	32.62	29	26.15	24.63	24.18
High Price	- -	- -	28.8	29.5	34.04	40	37.86	33.49	30	29.34	26
Enterprise Value Average	- -	-33	2	1	68	25	259	228	175	175	393
Enterprise Value High	- -	-33	2	1	68	25	259	228	175	175	393
Enterprise Value Low	- -	-33	2	1	68	25	259	228	175	175	393

Shares Outstanding	10	3	4	10	13	24	26	28	28	28	28
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Tangible Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Innovative Industrial Properties, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)