Innovative Industrial Properties, Inc. Financial Ratios — 1IK

Profitability (USD)

	2015 Y	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	12/31/2015	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 (%)	- -	- -	-14.53	-0.66	3.64	5.64	6.3	7.25	8.63	8.45	8.3	6.16
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 (%)	- -	- -	- -	- -	4.14	6.12	6.16	7.24	8.16	8.04	7.93	6.12
Return on Invested Capital (%)	- -	- -	- -	- -	3.16	5.26	5.95	7.52	8.07	7.73	7.5	5.55
Gross Margin (%)	- -	- -	72.9	98.16	96.99	97.06	95.76	97.83	96.19	91.96	90.77	88.65
EBITDA Margin (%)	- -	- -	-1,359.81	10.78	53.88	75.08	83.63	86.6	83.56	78.12	77.52	74.52
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 (%)	- -	- -	- -	9.43	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 (%)	- -	- -	-14.53	-1.87	-0.64	-0.12	-1.08	-1.18	-1.74	-1.98	-2.69	-5.46

Credit (USD)

Credit Ratios API ChatGPT

	2015 Y	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	12/31/2015	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	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	103
LT Debt	- -	- -	- -	- -	- -	136	137	326	301	301	298	291
Total Debt/EBITDA	- -	- -	- -	- -	- -	4.05	1.4	1.84	1.31	1.24	1.25	1.98
Net Debt/EBITDA	- -	- -	7.56	-16.99	-1.64	1.56	0.11	1.38	0.93	0.66	0.63	1.74
Total Debt/EBIT	- -	- -	- -	- -	- -	5.45	1.96	2.41	1.78	1.72	1.77	3.17
Net Debt/EBIT	- -	- -	7.51	52.73	-2.44	2.1	0.15	1.81	1.26	0.92	0.9	2.78
EBITDA to Interest Expense	- -	- -	- -	- -	- -	6.07	15.08	10.81	13.62	15.02	14.71	10.58
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	6.07	15.08	10.81	13.62	15.02	14.71	10.58
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	- -	0.14	95.44	74.4	88.92	71.6	85.46	76.64	80.66	81.09	80.42	75.93
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	24.79	8.96	20.23	15.37	15.41	15.39	15.73
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	19.87	8.23	16.83	13.32	13.35	13.33	12.97
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 (%)	- -	- -	- -	- -	- -	19.87	8.23	16.83	13.32	13.35	13.33	17.54
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 (%)	- -	- -	-120.29	-19.03	-5.19	8.71	0.7	13.2	9.85	7.6	7.26	15.75
EBITDA	- -	- -	-4	1	8	34	98	177	231	242	239	198
EBITDA-CapEx	- -	- -	-34	1	8	34	98	177	231	242	239	198
Operating Income (Loss)	- -	- -	-1	- -	5	25	70	135	166	175	172	128

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2015 Y	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	12/31/2015	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	- -	0.14	95.44	74.4	88.92	71.6	85.46	76.64	80.66	81.09	80.42	75.93
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	24.79	8.96	20.23	15.37	15.41	15.39	15.73
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	19.87	8.23	16.83	13.32	13.35	13.33	12.97
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 (%)	- -	- -	- -	- -	- -	19.87	8.23	16.83	13.32	13.35	13.33	17.54
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	- -	- -	- -	9.27	15.12	3.09	10.94	8.65	3.99	4.22	2.89	1.68

Working Capital (USD)

Working Capital Ratios API ChatGPT

No data availableFinancial data will appear here once available

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2015 Y	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	12/31/2015	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	- -	- -	- -	99	432	945	4,362	6,633	2,822	2,866	1,935	1,394
- 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	- -	- -	- -	102	312	1,013	4,386	6,892	3,050	3,040	2,110	1,787
Total Capital	- -	- -	60	74	264	684	1,662	1,938	2,263	2,254	2,234	2,241
Total Debt/Capital (%)	- -	- -	- -	- -	- -	19.87	8.23	16.83	13.32	13.35	13.33	17.54
Total Debt / EV	- -	- -	- -	- -	- -	0.13	0.03	0.05	0.1	0.1	0.14	0.22
EV/Sales	- -	- -	- -	15.82	21.11	22.68	37.52	33.69	11.04	9.82	6.84	6.72
EV/EBITDA	- -	- -	- -	146.73	39.17	30.21	44.87	38.91	13.21	12.57	8.82	9.02
EV/EBIT	- -	- -	- -	- -	58.46	40.62	62.9	50.91	17.98	17.41	12.53	14.4
EV/Cash Flow to Firm	- -	- -	- -	- -	19.89	20.07	37.39	33.6	12.15	11.19	7.68	8.24
EV/Free Cash Flow to Firm	- -	- -	- -	- -	19.89	20.07	37.39	33.6	12.15	11.19	7.68	8.24
Diluted Market Cap	- -	- -	- -	96	322	799	3,564	6,801	2,790	2,877	1,948	1,412
Diluted Enterprise Value	- -	- -	- -	98	202	867	3,588	7,060	3,019	3,052	2,124	1,805
EV per Share	- -	- -	- -	29	31.92	80.16	183.24	269.09	109.03	108.04	74.48	63.78
TTM Sales	- -	- -	- -	6	15	45	117	205	276	310	309	266
TTM EBITDA	- -	- -	-4	1	8	34	98	177	231	242	239	198
TTM Operating Income	- -	- -	-1	- -	5	25	70	135	166	175	172	128
TTM Cash Flow to Firm	- -	- -	- -	- -	16	50	117	205	251	272	275	217
TTM Free Cash Flow to Firm	- -	- -	- -	- -	16	50	117	205	251	272	275	217

Multiples (USD)

Valuation Multiples API ChatGPT

	2015 Y	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	12/31/2015	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	- -	- -	- -	19.09	20.5	17.79	32.16	36.03	11.92	11.26	7.54	7.12
EV/EBIT	- -	- -	- -	- -	58.46	40.62	62.9	50.91	17.98	17.41	12.53	14.4
Enterprise Value	- -	- -	- -	102	312	1,013	4,386	6,892	3,050	3,040	2,110	1,787
Low Price	- -	- -	- -	23.35	23.97	44.36	41.74	163.36	87.15	63.7	68.29	44.4
EV/Sales	- -	- -	- -	15.82	21.11	22.68	37.52	33.69	11.04	9.82	6.84	6.72
EV/EBITDA	- -	- -	- -	146.73	39.17	30.21	44.87	38.91	13.21	12.57	8.82	9.02
Price/Earnings	- -	- -	- -	- -	55.95	35.66	55.03	54.96	18.02	17.35	12.06	12.17
Price/Earnings Average	- -	- -	- -	- -	45.99	40.74	32.09	45.4	24.1	13.62	19.15	14.03
Price/Earnings High	- -	- -	- -	- -	70.43	66.14	59.83	61.03	47.79	19.64	24.14	18.49
Price/Earnings Low	- -	- -	- -	- -	30.38	21.15	12.61	34.67	15.57	10.85	12.06	10.87
Price/Book Value	- -	- -	- -	1.67	1.72	1.77	2.89	4.15	1.45	1.48	1.01	0.77
Price/Book Value Average	- -	- -	- -	1.53	1.42	2.02	1.68	3.43	1.94	1.16	1.61	0.89
Price/Book Value High	- -	- -	- -	1.67	2.17	3.28	3.14	4.61	3.84	1.67	2.03	1.18
Price/Book Value Low	- -	- -	- -	1.37	0.94	1.05	0.66	2.62	1.25	0.92	1.01	0.69
Price/Tangible Book Value	- -	- -	- -	1.67	1.72	1.77	2.89	4.18	1.46	1.48	1.02	0.78
Price/Tangible Book Value Average	- -	- -	- -	1.53	1.42	2.02	1.68	3.45	1.95	1.17	1.61	0.9
Price/Tangible Book Value High	- -	- -	- -	1.67	2.17	3.28	3.14	4.64	3.86	1.68	2.03	1.18
Price/Tangible Book Value Low	- -	- -	- -	1.37	0.94	1.05	0.66	2.63	1.26	0.93	1.02	0.69
Price/Sales	- -	- -	- -	14.91	21.31	17.66	30.31	30.26	9.98	9.21	6.25	5.24
Price/Sales Average	- -	- -	- -	13.63	17.52	20.18	17.67	25	13.34	7.23	9.92	6.04
Price/Sales High	- -	- -	- -	14.91	26.83	32.76	32.95	33.61	26.46	10.42	12.51	7.96
Price/Sales Low	- -	- -	- -	12.27	11.57	10.47	6.94	19.09	8.62	5.76	6.25	4.68
Price/Cash Flow	- -	- -	- -	19.09	20.08	17.56	31.97	32.8	11.78	11.15	7.46	7.03
Price/Cash Flow Average	- -	- -	- -	17.45	16.51	20.06	18.64	27.09	15.75	8.76	11.84	8.1
Price/Cash Flow High	- -	- -	- -	19.09	25.28	32.56	34.76	36.42	31.24	12.62	14.93	10.68
Price/Cash Flow Low	- -	- -	- -	15.71	10.9	10.41	7.32	20.69	10.18	6.97	7.46	6.27
Price/Free Cash Flow Average	- -	- -	- -	17.45	16.85	20.32	18.75	29.76	15.93	8.84	11.97	8.21
Price/Free Cash Flow High	- -	- -	- -	19.09	25.8	32.99	34.96	40.01	31.6	12.75	15.09	10.82
Price/Free Cash Flow Low	- -	- -	- -	15.71	11.13	10.55	7.37	22.73	10.3	7.04	7.54	6.36
EV/Sales Average	- -	- -	- -	14.49	15.91	25.69	21.97	28.05	14.48	7.84	10.53	7.52
EV/Sales High	- -	- -	- -	15.82	28.66	40.77	40.78	37.28	27.9	11.05	13.12	9.44
EV/Sales Low	- -	- -	- -	13.08	7.77	14.06	8.76	21.72	9.65	6.36	6.84	6.16
EV/EBITDA Average	- -	- -	- -	134.47	29.53	34.22	26.27	32.39	17.33	10.03	13.58	10.09
EV/EBITDA High	- -	- -	- -	146.73	53.2	54.3	48.76	43.04	33.39	14.14	16.93	12.67
EV/EBITDA Low	- -	- -	- -	121.37	14.41	18.73	10.47	25.08	11.55	8.14	8.82	8.26
EV/EBIT Average	- -	- -	- -	- -	44.07	46.03	36.82	42.39	23.59	13.89	19.29	16.11
EV/EBIT High	- -	- -	- -	- -	79.39	73.02	68.35	56.33	45.45	19.59	24.05	20.23
EV/EBIT Low	- -	- -	- -	- -	21.51	25.19	14.68	32.82	15.72	11.27	12.53	13.19
Last Price	- -	- -	- -	28.36	44.15	74.81	182.21	258.98	100.87	101.83	68.29	49.75
High Price	- -	- -	- -	28.36	55.57	138.74	198.09	287.59	267.44	115.31	136.7	75.56
Enterprise Value Average	- -	- -	- -	93	235	1,148	2,568	5,738	4,001	2,425	3,248	2,000
Enterprise Value High	- -	- -	- -	102	424	1,821	4,766	7,625	7,709	3,420	4,048	2,511
Enterprise Value Low	- -	- -	- -	84	115	628	1,024	4,443	2,666	1,967	2,110	1,638

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2015 Y	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	12/31/2015	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

Shares Outstanding	2	10	3	4	10	13	24	26	28	28	28	28
Diluted Weighted Avg Shares	2	10	1	3	7	11	20	26	28	28	29	28
Basic Weighted Avg Shares	2	10	1	3	7	11	19	24	27	28	28	28
Revenue per Share	- -	- -	0.33	1.9	2.07	4.24	6.01	8.56	10.11	11.06	10.93	9.5
EBITDA per Share	- -	- -	-4.53	0.21	1.12	3.18	5.03	7.41	8.44	8.64	8.47	7.08
Operating Income per Share	- -	- -	-0.71	-0.03	0.75	2.36	3.59	5.66	6.07	6.24	6.09	4.57
Basic EPS, GAAP	- -	- -	-4.56	-0.12	0.79	2.1	3.31	4.71	5.6	5.87	5.66	4.09
Basic EPS from Cont Ops	- -	- -	-4.56	-0.02	0.98	2.23	3.38	4.77	5.65	5.92	5.73	4.22
Diluted EPS, GAAP	- -	- -	-4.56	-0.12	0.77	2.07	3.29	4.29	5.53	5.81	5.6	4.03
Diluted EPS from Cont Ops	- -	- -	-4.56	-0.02	0.96	2.2	3.36	4.34	5.58	5.86	5.67	4.17
Dividend per Share	- -	- -	- -	0.31	1.12	2.27	3.95	5.54	6.78	7.29	7.56	7.84
Cash Flow per Share	- -	- -	1.76	1.49	2.2	4.26	5.7	7.9	8.56	9.13	9.16	7.08
Free Cash Flow per Basic Share	- -	- -	-29.43	1.49	2.2	4.26	5.7	7.9	8.56	9.13	9.16	7.08
Cash & Equivalents per Share	- -	- -	9.66	3.36	13.66	6.51	5.26	3.17	3.11	4.98	5.16	1.7
Book Value per Share	- -	- -	17.69	17.01	25.6	42.26	63.12	62.38	69.63	68.9	67.5	64.24
Tangible Book Value per Share	- -	- -	17.69	17.01	25.6	42.26	63.12	62.02	69.31	68.61	67.24	64.01