Innovative Industrial Properties (Innovative Industrial Properties) GF Value : $127.99 (As of May. 11, 2024)

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What is Innovative Industrial Properties GF Value?

The GF Value represents the current intrinsic value of a stock derived from our exclusive method. The GF Value Line on our summary page gives an overview of the fair value that the stock should be traded at. It is calculated based on three factors:

Historical multiples (PE Ratio, PS Ratio, PB Ratio and Price-to-Free-Cash-Flow) that the stock has traded at.
GuruFocus adjustment factor based on the company’s past returns and growth.
Future estimates of the business performance.

We believe the GF Value Line is the fair value that the stock should be traded at. The stock price will most likely fluctuate around the GF Value Line. If the stock price is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line, its future return will likely be higher.

Please note, "Possible Value Trap, Think Twice" is for the companies that look very undervalued, but either in the long term trend of business decline, or in financial distress.

As of today (2024-05-11), Innovative Industrial Properties's share price is $104.43. Innovative Industrial Properties's GF Value is $127.99. Therefore, Innovative Industrial Properties's Price-to-GF-Value for today is 0.82.

Based on the relationship between the current stock price and the GF Value, GuruFocus believes Innovative Industrial Properties is Modestly Undervalued.

Innovative Industrial Properties (NYSE:IIPR) GF Value Explanation

Based on the relationship between the current stock price and the GF Value, GuruFocus provides the following 6 evaluations:

Posssible Evaluations	All-in-One Screener Examples (2)
Possible Value Trap, Think Twice (1)	Predictable Companies that possibly be Value Traps
Significantly Overvalued	Predictable Companies which are Significantly Overvalued
Modestly Overvalued	Predictable Companies which are Modestly Overvalued
Fairly Valued	Predictable High Quality Companies which are Fairly Valued
Modestly Undervalued (3)	Predictable High Quality Companies which are Modestly Undervalued
Significantly Undervalued (3)	Predictable High Quality Companies which are Significantly Undervalued

(1) "Possible Value Trap, Think Twice" is for the companies that look very undervalued, but either in the long term trend of business decline, or in financial distress.

(2) These are some simple examples. You can access our GF Valuation filter under All-in-One Screener’s Fundamental tab, and Price-to-GF-Value filter under Valuation Ratio tab and set your own criteria.

(3) There is only a sufficient margin of safety when the stock is undervalued.

Innovative Industrial Properties's Price-to-GF-Value for today is calculated as

Price-to-GF-Value	=	Share Price	/	GF Value
	=	104.43	/	127.99
	=	0.82

* 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.

Innovative Industrial Properties GF Value 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 » GF Value

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