Innovative Industrial Properties (Innovative Industrial Properties) EBIT per Share : $6.35 (TTM As of Mar. 2024)

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What is Innovative Industrial Properties EBIT per Share?

Innovative Industrial Properties's EBIT per Share for the three months ended in Mar. 2024 was $1.54. Its EBIT per Share for the trailing twelve months (TTM) ended in Mar. 2024 was $6.35.

During the past 12 months, the average EBIT per Share Growth Rate of Innovative Industrial Properties was 1.60% per year. During the past 3 years, the average EBIT per Share Growth Rate was 20.10% per year. During the past 5 years, the average EBIT per Share Growth Rate was 48.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EBIT per Share growth rate using EBIT per Share data.

The historical rank and industry rank for Innovative Industrial Properties's EBIT per Share or its related term are showing as below:

IIPR' s 3-Year EBIT Growth Rate Range Over the Past 10 Years
Min: 20.1 Med: 37 Max: 91.6
Current: 20.1

During the past 8 years, the highest 3-Year average EBIT per Share Growth Rate of Innovative Industrial Properties was 91.60% per year. The lowest was 20.10% per year. And the median was 37.00% per year.

IIPR's 3-Year EBIT Growth Rate is ranked better than
81.53% of 574 companies
in the REITs industry
Industry Median: 3.95 vs IIPR: 20.10

Innovative Industrial Properties's EBIT for the three months ended in Mar. 2024 was $43.8 Mil.

Innovative Industrial Properties EBIT per Share Historical Data

The historical data trend for Innovative Industrial Properties's EBIT per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Innovative Industrial Properties EBIT per Share Chart

Innovative Industrial Properties Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT per Share

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2.71

3.69

4.96

6.19

6.43

Innovative Industrial Properties Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT per Share	Get a 7-Day Free Trial															1.62	1.62	1.63	1.57	1.54

Innovative Industrial Properties EBIT per Share Calculation

EBIT per Share is the amount of Earnings Before Interest and Taxes (EBIT) per outstanding share of the company's stock.

Earnings Before Interest and Taxes (EBIT) is what the company earns before it expenses interest and taxes.

Innovative Industrial Properties's EBIT per Share for the fiscal year that ended in Dec. 2023 is calculated as

	EBIT per Share		(A: Dec. 2023 )
=	EBIT	/	Shares Outstanding (Diluted Average)
=	181.684	/	28.256
=	6.43

Innovative Industrial Properties's EBIT per Share for the quarter that ended in Mar. 2024 is calculated as

	EBIT per Share		(Q: Mar. 2024 )
=	EBIT	/	Shares Outstanding (Diluted Average)
=	43.817	/	28.462
=	1.54

EBIT per Share for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.35

Innovative Industrial Properties (NYSE:IIPR) EBIT per Share Explanation

EBIT is a company's earnings before interest and tax expenses are deducted. It measures a company's profit generates from operating, ignoring tax burden and capital structure. As the tax expense are not deducted, EBIT is helpful when comparing companies in the same industry but with different tax situations. Also, the interest expense are included in EBIT, making it useful to compare companies that have high interest expenses due to large amount of debt.

Innovative Industrial Properties EBIT per Share Related Terms

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Innovative Industrial Properties (Innovative Industrial Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Innovative Industrial Properties Inc (NYSE:IIPR) » Definitions » EBIT per Share

Comparable Companies

Traded in Other Exchanges

IIPRpA.PFD:USA 1IK:Germany 1IK:Germany

Address

1389 Center Drive, Suite 220, Park City, UT, USA, 84098

Website

https://www.innovativeindustrialproperties.com

Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.

Executives

David Stecher	director	C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
David Jon Smith	officer: CFO AND TREASURER	C/O FIG LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Alan D Gold	director, officer: Executive Chairman	17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128
Scott Shoemaker	director	C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
Brian J. Wolfe	officer: VP, GEN. COUNSEL AND SECRETARY	C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
Paul E. Smithers	director, officer: PRESIDENT, CEO AND DIRECTOR	C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
Catherine Hastings	officer: CFO AND TREASURER	C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
Andy Bui	officer: VP, CHIEF ACCOUNTING OFFICER	C/O INNOVATIVE INDUSTRIAL PROPERTIES, 11440 WEST BERNARDO COURT, SUITE 100, SAN DIEGO CA 92127
Mary A Curran	director	3 MACARTHUR BLVD, SANTA ANA CA 92707
Gary A Kreitzer	director	17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128
Hg Vora Capital Management, Llc	10 percent owner	330 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10017
Robert M. Sistek	officer: CFO and EVP, Investments	C/O CORESITE REALTY CORPORATION, 1050 17TH STREET, SUITE 800, DENVER CO 80265
Greg Fahey	officer: CAO and Treasurer	600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025
Gary Malino	director	C/O PRICESMART, INC., 9740, SAN DIEGO CA 92121