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	- -	- -	13.17	9.39	15.23	3.1	10.92	8.75	4.02	4.24	2.85	1.7

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	- -	- -	61	101	435	950	4,356	6,709	2,844	2,880	1,907	1,410
- 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	- -	- -	28	103	315	1,018	4,380	6,968	3,072	3,054	2,082	1,804
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	- -	- -	87.9	16.01	21.31	22.79	37.47	34.06	11.12	9.87	6.75	6.78
EV/EBITDA	- -	- -	- -	148.56	39.55	30.35	44.81	39.33	13.3	12.63	8.71	9.1
EV/EBIT	- -	- -	- -	- -	59.03	40.82	62.81	51.47	18.11	17.49	12.37	14.53
EV/Cash Flow to Firm	- -	- -	- -	- -	20.08	20.17	37.34	33.97	12.24	11.24	7.58	8.31
EV/Free Cash Flow to Firm	- -	- -	- -	- -	20.08	20.17	37.34	33.97	12.24	11.24	7.58	8.31
Diluted Market Cap	- -	- -	17	97	324	803	3,559	6,879	2,812	2,891	1,920	1,428
Diluted Enterprise Value	- -	- -	-16	99	204	871	3,584	7,138	3,041	3,066	2,096	1,821
EV per Share	- -	- -	8.26	29.36	32.23	80.54	183	272.04	109.82	108.53	73.5	64.36
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	- -	- -	-0.61	19.33	20.64	17.88	32.12	36.44	12.01	11.31	7.43	7.21
EV/EBIT	- -	- -	- -	- -	59.03	40.82	62.81	51.47	18.11	17.49	12.37	14.53
Enterprise Value	- -	- -	28	103	315	1,018	4,380	6,968	3,072	3,054	2,082	1,804
Low Price	- -	- -	16.43	15.46	24.35	44.22	40.26	161.9	86.73	63.78	67.27	44.42
EV/Sales	- -	- -	87.9	16.01	21.31	22.79	37.47	34.06	11.12	9.87	6.75	6.78
EV/EBITDA	- -	- -	- -	148.56	39.55	30.35	44.81	39.33	13.3	12.63	8.71	9.1
Price/Earnings	- -	- -	- -	- -	56.34	35.84	54.96	55.58	18.17	17.43	11.89	12.32
Price/Earnings Average	- -	- -	- -	- -	46.35	40.92	32.25	45.61	24.14	13.69	19.3	14.14
Price/Earnings High	- -	- -	- -	- -	70.73	66.58	60.69	61.22	47.63	19.68	24.47	18.97
Price/Earnings Low	- -	- -	- -	- -	30.85	21.08	12.16	34.36	15.5	10.86	11.88	10.87
Price/Book Value	- -	- -	1.01	1.69	1.74	1.78	2.88	4.2	1.46	1.49	1	0.78
Price/Book Value Average	- -	- -	0.99	1.07	1.43	2.03	1.69	3.45	1.94	1.17	1.62	0.9
Price/Book Value High	- -	- -	1.06	1.69	2.18	3.31	3.18	4.62	3.83	1.68	2.05	1.21
Price/Book Value Low	- -	- -	0.93	0.91	0.95	1.05	0.64	2.6	1.25	0.93	1	0.69
Price/Tangible Book Value	- -	- -	1.01	1.69	1.74	1.78	2.88	4.22	1.47	1.49	1	0.79
Price/Tangible Book Value Average	- -	- -	0.99	1.07	1.43	2.03	1.69	3.47	1.95	1.17	1.63	0.9
Price/Tangible Book Value High	- -	- -	1.06	1.69	2.18	3.31	3.18	4.65	3.85	1.68	2.06	1.21
Price/Tangible Book Value Low	- -	- -	0.93	0.91	0.95	1.05	0.64	2.61	1.25	0.93	1	0.69
Price/Sales	- -	- -	53.74	15.1	21.46	17.75	30.27	30.61	10.06	9.25	6.16	5.3
Price/Sales Average	- -	- -	52.48	9.55	17.66	20.27	17.76	25.12	13.37	7.27	10	6.08
Price/Sales High	- -	- -	56.05	15.1	26.94	32.97	33.42	33.71	26.37	10.44	12.68	8.16
Price/Sales Low	- -	- -	49.28	8.13	11.75	10.44	6.7	18.92	8.58	5.77	6.15	4.68
Price/Cash Flow	- -	- -	10.19	19.33	20.22	17.65	31.93	33.17	11.87	11.2	7.35	7.11
Price/Cash Flow Average	- -	- -	9.95	12.23	16.64	20.15	18.74	27.22	15.78	8.8	11.94	8.16
Price/Cash Flow High	- -	- -	10.63	19.33	25.39	32.78	35.26	36.54	31.13	12.65	15.14	10.96
Price/Cash Flow Low	- -	- -	9.34	10.4	11.08	10.38	7.06	20.5	10.13	6.98	7.35	6.28
Price/Free Cash Flow Average	- -	- -	-0.59	12.23	16.98	20.41	18.85	29.9	15.96	8.89	12.07	8.27
Price/Free Cash Flow High	- -	- -	-0.63	19.33	25.91	33.21	35.46	40.14	31.49	12.77	15.3	11.1
Price/Free Cash Flow Low	- -	- -	-0.56	10.4	11.3	10.51	7.11	22.53	10.25	7.05	7.43	6.36
EV/Sales Average	- -	- -	83.44	10.26	16.1	25.8	22.08	28.18	14.5	7.87	10.61	7.57
EV/Sales High	- -	- -	96.1	16.01	28.82	41.03	41.36	37.39	27.8	11.07	13.3	9.65
EV/Sales Low	- -	- -	72.06	8.78	8.01	14.03	8.46	21.54	9.61	6.36	6.75	6.16
EV/EBITDA Average	- -	- -	- -	95.17	29.88	34.36	26.4	32.54	17.35	10.08	13.68	10.15
EV/EBITDA High	- -	- -	- -	148.56	53.48	54.65	49.45	43.17	33.28	14.17	17.15	12.95
EV/EBITDA Low	- -	- -	- -	81.47	14.88	18.68	10.11	24.87	11.5	8.15	8.7	8.26
EV/EBIT Average	- -	- -	- -	- -	44.59	46.21	37.01	42.58	23.63	13.96	19.44	16.21
EV/EBIT High	- -	- -	- -	- -	79.83	73.49	69.33	56.5	45.3	19.62	24.37	20.67
EV/EBIT Low	- -	- -	- -	- -	22.2	25.12	14.17	32.55	15.65	11.28	12.36	13.2
Last Price	- -	- -	17.92	28.72	44.45	75.19	181.96	261.92	101.66	102.33	67.31	50.32
High Price	- -	- -	18.69	28.72	55.81	139.66	200.94	288.5	266.53	115.53	138.6	77.53
Enterprise Value Average	- -	- -	27	66	238	1,152	2,581	5,764	4,007	2,437	3,272	2,012
Enterprise Value High	- -	- -	31	103	426	1,833	4,835	7,648	7,684	3,426	4,102	2,566
Enterprise Value Low	- -	- -	23	56	119	626	988	4,406	2,654	1,969	2,081	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