COMP <GO>
IIPR vs MMI // EV/EBITDA & P/E VALUATION
Innovative Industrial Properties Inc. (NYSE) VS. Marcus & Millichap Inc. (NYSE) • 15-METRIC TALLY: IIPR 5
— MMI 4
■ METRIC PARITY
LAST: $53.46 (+1.14%) • MKT CAP: $1.47B
valuation
11.5x
LAST: $27.92 (+0.65%) • MKT CAP: $1.06B
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (IIPR VS. MMI)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | IIPR | MMI | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 5.40% | -1.80% | +7.20 | IIPR | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 11.5x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 13.45% | 5.56% | +7.89 | IIPR | /fcf-yield <GO> |
| Operating Margin | 46.70% | -1.80% | +48.50 | IIPR | /operating-margins <GO> |
| Net Profit Margin | 44.50% | -0.30% | +44.80 | IIPR | /net-margins <GO> |
| Revenue Growth (YoY) | -13.80% | 8.50% | -22.30 | MMI | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 1.94% | -1.94 | MMI | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 5/9 | 6/9 | -1.00 | MMI | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 43.5 | 44.8 | -1.23 | MMI | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 11.6x | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $1.47B | $1.06B | $416.6M | IIPR | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | IIPR REV | MMI REV | IIPR GROSS % | MMI GROSS % | IIPR FCF | MMI FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $266.0M | $755.2M | — | — | $198.2M | $58.8M |
| FY 2024 | $308.5M | $696.1M | — | — | $258.4M | $13.8M |
| FY 2023 | $309.5M | $645.9M | — | — | $255.5M | -$72.4M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
IIPR // BETA —
MMI // BETA —