Innovative Industrial Properties, Inc. Drops After Reporting Second Quarter Earnings

September 1, 2022

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IIPR Intrinsic Value – Innovative Industrial Properties($NYSE:IIPR), Inc stock dropped today after the company reported its second quarter earnings. The actual results were quite strong, but investors have focused on the fate of tenant King’s Garden and the implications for the rest of the portfolio. This is certainly a cause for concern, but it remains to be seen how big of an impact this will have on IIPR’s market and earnings in the long term. For now, the company is still performing well and continues to be a leader in the industrial property sector.

Stock Price

The company’s fundamentals reflect its long-term potential. The VI app makes it easy to assess the fair value of Innovative Industrial Properties shares, which is around $183.5. IIP shares are currently traded at $91.7, representing a 50% discount to fair value. IIP’s strong fundamentals and long-term potential make it an attractive investment opportunity at current prices.


The company has been growing rapidly, however, with its portfolio of properties nearly doubling in size over the past year. The company’s earnings miss may have come as a surprise to investors who are used to seeing rapid growth from Innovative Industrial Properties. The company will need to continue to grow its portfolio and increase its revenue in order to keep investors happy.

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