Innovative Industrial Properties, Inc.
Innovative Industrial Properties, Inc. (IIPR) PE Ratio — Current & Historical Data
Trailing twelve months (TTM) P/E, forward P/E, PEG, and annual PE history — from market prices and filings.
iipr · pe ratio · data through Dec 31, 2025
Core PE Ratio Metrics
Trailing 12 months · TTMThe price-to-earnings (P/E) ratio for Innovative Industrial Properties, Inc. (IIPR) measures how much investors pay for each dollar of the company's trailing earnings. IIPR's current PE ratio of 14.14x is calculated by dividing its stock price of $59.46 by its TTM earnings per share of $4.29. −37.6% discount vs 5Y avg 22.7x
Source: FMP · /ratios-ttm · /analyst-estimates · 2025-12-31
PE Ratio History
2015 – 2025 · Annual▸ FMP /ratios?period=annual&limit=20 · priceToEarningsRatio + netIncomePerShare (Annual)
Historical PE Range
Past 9 fiscal years · Front-end computedMinQ1 · 25%18.0x
MedianQ3 · 75%55.1x
Max
At 14.14x, IIPR's current P/E is within its average historical range over the past 9 fiscal years.
Percentile calculated from annual fiscal year data points, not by trading day. Years where PE ≤ 0 or > 9,999 are excluded.
PE Ratio vs Peers
REIT - Industrial · 6 peers · Annual PE| Company | Market Cap | PE (Annual) | vs Avg | EPS (TTM) |
|---|---|---|---|---|
Innovative Industrial Properties, Inc.You IIPR | $1.7B | 14.14x | +12.0% | $4.29 |
 Apollo Commercial Real Estate Finance, Inc. ARI | $1.4B | 10.61x | -16.0% | $0.91 |
 Ellington Financial Inc. EFC | $1.3B | 9.19x | -27.2% | $1.48 |
 EPR Properties EPR | $4.4B | 13.80x | +9.3% | $3.62 |
 Forestar Group Inc. FOR | $1.4B | 8.06x | -36.2% | $3.30 |
 KKR Real Estate Finance Trust Inc. KREF | $446M | N/A | — | -$0.70 |
 Ladder Capital Corp LADR | $1.3B | 21.49x | +70.1% | $0.51 |
Industry Average 5 peers with valid PE | — | 12.63x | baseline | — |
* N/A — Company is not profitable (TTM) · excluded from industry average · ▸ FMP /stock-peers + /ratios?limit=1 · priceToEarningsRatio
Annual PE Ratio History
| Fiscal Year End | PE Ratio | EPS (TTM) | YoY Change | PE vs Max |
|---|---|---|---|---|
2025-12-31Latest FY2025 | 11.59x | $4.09 | -0.4% | |
2024-12-31 FY2024 | 11.64x | $5.73 | -31.7% | |
2023-12-31 FY2023 | 17.03x | $5.92 | -5.1% | |
2022-12-31 FY2022 | 17.95x | $5.65 | -67.4% | |
2021-12-31 FY2021 | 55.13x | $4.77 | +1.8% | |
2020-12-31 FY2020 | 54.17x | $3.38 | +58.9% | |
2019-12-31 FY2019 | 34.08x | $2.23 | -26.5% | |
2018-12-31 FY2018 | 46.39x | $0.98 | — | |
2017-12-31 FY2017 | — | $-0.02 | — | |
2016-12-31 FY2016 | — | $-4.56 | — |
▸ FMP /ratios?period=annual&limit=20 · priceToEarningsRatio + netIncomePerShare · Zero extra API
About PE Ratio & Methodology
The price-to-earnings (P/E) ratio for Innovative Industrial Properties, Inc. (IIPR) measures how much investors pay for each dollar of the company's trailing earnings. IIPR's current PE ratio of 14.14x is calculated by dividing its stock price of $59.46 by its TTM earnings per share of $4.29.
Frequently asked questions
IIPR pe ratio · 6 questionsIIPR's current PE ratio is 14.14x as of 2026-06-08, based on a stock price of $59.46 and TTM EPS of $4.29. Data sourced from Financial Modeling Prep via IIPR's SEC 10-K and 10-Q filings.
▸ Source: FMP · /ratios-ttm · /ratios annual · /analyst-estimates · /stock-peers · Innovative Industrial Properties, Inc. SEC 10-K & 10-Q filings · US GAAP · Updated: 2026-06-08