Intrinsiqs

Is Innovative Industrial Properties, Inc. overvalued?

Innovative Industrial Properties, Inc. (IIPR) looks undervalued — trading about 134% below its fair value.

Undervalued
Current price $55.09 Fair value $128.89
Price
$55.09
Fair value
$128.89
Current P/E
7.7
Normal P/E
18.0
Market cap
$1.60B
Dividend yield
13.7%
Return on equity
7.4%
Sector
Real Estate

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Fair value compares IIPR's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 24 Sep 2026.

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