IIPR dividend calculator – INNOVATIVE INDUSTRIAL PROPERTIES Increases Dividend by 1.1% to $1.82
December 17, 2023
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Innovative Industrial Properties ($NYSE:IIPR) (IIP) has recently announced that it has increased its dividend by 1.1%, bringing it to $1.82 per share. IIP is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use and adult-use cannabis facilities. IIP operates as a fully integrated real estate company, providing industry-leading leasing, property management, financial and other services to tenants. It is listed on the New York Stock Exchange with the ticker symbol IIPR.
Since its initial public offering, IIP has delivered strong performance for investors by providing a simple means to invest in the medical-use and adult-use cannabis industry from a real estate perspective. By increasing its dividend, IIP is demonstrating its commitment to providing investors with attractive long-term returns. As the legal cannabis market continues to expand, IIP is well positioned to benefit from the growth in demand for quality real estate properties that are leased to reputable tenants.
Dividends – IIPR dividend calculator
In the past three years the company has issued a dividend per share of 7.2, 7.1, and 5.72 USD respectively. With a dividend yield from 2021 to 2023 of 8.05%, 5.63%, and 2.67%, the average dividend yield is 5.45%. For those looking for a potential stock with good dividend yields, INNOVATIVE INDUSTRIAL PROPERTIES may be worth considering.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for IIPR. More…
| Total Revenues | Net Income | Net Margin |
| 300.81 | 163.9 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for IIPR. More…
| Operations | Investing | Financing |
| 238.53 | -396.2 | 164.22 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for IIPR. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.39k | 440.75 | 69 |
Key Ratios Snapshot
Some of the financial key ratios for IIPR are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 56.9% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – IIPR Intrinsic Value Calculator
At GoodWhale, we analyzed INNOVATIVE INDUSTRIAL PROPERTIES financials and found its intrinsic value to be around $95.4, as calculated by our proprietary Valuation Line. Investing in this stock at present may yield good returns in the long run provided the company’s fundamentals remain strong. More…
Peers
The company’s competitors include Realty Income Corp, Prologis Inc, and Crown Castle International Corp.
– Realty Income Corp ($NYSE:O)
Realty Income Corporation is a real estate investment trust that focuses on the ownership of net-leased commercial properties in the United States. As of December 31, 2020, the Company owned 6,573 properties across 49 states and Puerto Rico. The Company’s leased properties are primarily leased to retail (70.3%), industrial (12.8%), healthcare (9.4%), and other commercial tenants (7.5%).
– Prologis Inc ($NYSE:PLD)
Prologis Inc is a leading global provider of logistics real estate with a focus on the industrial sector. As of 2022, the company has a market cap of 100.2 billion. Prologis owns and operates approximately 585 million square feet of industrial space in 19 countries. The company’s properties are located in key markets around the world, including North America, Europe, Asia and Latin America. Prologis’ focus on the industrial sector provides its customers with access to a wide range of logistics solutions, including warehouses, distribution centers, last-mile facilities and transshipment hubs.
– Crown Castle International Corp ($NYSE:CCI)
Crown Castle International Corp is a holding company that provides wireless infrastructure services in the United States. Its primary business is owning, operating, and leasing wireless communications towers and small cell nodes. As of 2021, the company had approximately 40,000 wireless communications towers and approximately 60,000 small cell nodes across the United States. The company was founded in 1994 and is headquartered in Canonsburg, Pennsylvania.
Summary
Innovative Industrial Properties (INN) recently announced a dividend increase of 1.1%, bringing the quarterly dividend to $1.82 per share. This dividend increase is an indication of INN’s strong financial position and is a sign of confidence in its ability to generate consistent cash flow and dividends for investors. Additionally, the company remains well-positioned to benefit from its diversified portfolio and long-term leases with experienced operators. With a low debt-to-equity ratio and strong balance sheet, INN is a great choice for long-term investors looking for steady income.
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