Stock Ratings / Financials / IIPR / financials

EFC (51) BXDC (62) FOR (42) OPEN (44) ⌘ Pro Terminal →

Innovative Industrial Properties Inc. (IIPR) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$53.46 +1.14% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $53.47

Innovative Industrial Properties Inc. (IIPR) carries a Roarable Rating of C (Hold) with 65/100 RQD Confidence. The composite score sits in the neutral Hold band (59–69), meaning current holders don’t need to panic-sell while prospective buyers can wait for a move into the 70+ Buy zone.

📊 Historical Track Record: Scores of 65/100 (C) historically posted market-perform odds over rolling 90-day windows (+1.3% avg 90D alpha vs SPY) →

ROARABLE C • HOLD / WATCH Cap $1.47B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $53.47 (+0.02%)🧬 Cannibal Buyback (-2.36% YoY Shares)⚙️ Cash Engine: 11/20 (D+) • 74.5% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 65/100 (C) historically posted market-perform odds over rolling 90-day windows (+1.3% avg 90D alpha vs SPY • 55.6% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERHOLD / WATCH • C

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw C- · Rk B

Each axis scored 0–20

12M PRICE TARGET CONE+3.1% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for IIPR)Realized 20D OHLCV Swing Band: ±5.2%

Deterministic 5-Pillar Attribution (65/100 Composite)

🔍 WHY IIPR SCORES 65/100 (C) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Macro Regime Fit+16/20 pts (25% of score)

FRED Regime × Technicals: 43% of 52W Range • RSI-14 at 43.5 (NEUTRAL RANGE)

▲ #2 Bullish Driver: Insider Conviction & Share Dilution+16/20 pts (25% of score)

SEC Form 4 / 13F Thermometer: 80% Net Buy • Cannibal Buyback (-2.36% YoY Shares)

▼ #1 Drag / Risk Factor: Whale & Options Positioning9/20 pts (-11 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-11 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C$51.83+1.1% Next Q

Q2 (-2Q)

Grade C$52.39+3.5% Next Q

Q3 (-1Q)

Grade C+$54.21-1.4% Next Q

Current

Grade C$53.46+1.3% Hist 90D α

Trajectory: C (57) → C (65)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the IIPR Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 65/100 (C) score, IIPR faces multiple-compression risk if 12.5x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Broader market pullbacks can still drag down strong stocks in the short run.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-2.36% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($54.42) or 200D SMA ($55.06) invalidates the momentum regime and cuts Target Base ($55.14) toward Bear Floor ($43.01).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $IIPR• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “IIPR Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 65%NO 35%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How IIPR Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$198.2M (74.5% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $309.5M

FY24

Rev $308.5M

FY25

Rev $266.0M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$266.0M	52%	46.7%	$118.2M	$198.2M	5.4%
FY 2024	$308.5M	52%	54.6%	$161.7M	$258.4M	7.4%
FY 2023	$309.5M	52%	56.4%	$165.6M	$255.5M	5.4%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring IIPR)

✓Walkthrough of IIPR's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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IIPR // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -1.46%📐 HORIZONTAL RANGE

2026-10-30O $53.50H $53.95L $51.86C $53.46VOL 310.0K

RES: $71.47SUP: $46.65SMA50: $54.42SMA200: $55.06

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

IIPR Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 IIPR Butterfly Map → + Track IIPR →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

3.3%/yr Implied 5Y Growth

vs. -13.8% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on IIPR today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for IIPR. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for IIPR today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (IIPR)

Financials Rank #320 of 1096 ⚔️ EFC vs IIPR Full Matrix →

1. Head-to-Head Financials Peer Comparison (IIPR vs. EFC, BXDC, FOR, OPEN)

Industry: Real Estate (54 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, Innovative Industrial Properties Inc. (IIPR) ranks #320 by composite RQD confidence (65/100, grade C) and #493 by equity capitalization ($1.47B). Within this direct 5-issuer industry benchmark cohort, FOR leads on earnings valuation at 7.6x trailing P/E, while FOR leads on capital efficiency and profitability with 9.4% ROIC and — gross margin. IIPR currently leads its immediate peer cohort in composite quantitative strength at 65/100 (C).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
IIPR ACTIVE Innovative Industrial Properties Inc.	C	65/100	12.5x	—	5.4%	+1.14%	$1.47B	Benchmark Subject
EFC Ellington Financial Inc.	D	51/100	10.1x	—	8.2%	+0.77%	$1.52B	/efc-vs-iipr →
BXDC Blackstone Digital Infrastructure Trust Inc.	C	62/100	—	—	—	+0.37%	$1.63B	/bxdc-vs-iipr →
FOR Forestar Group Inc	D-	42/100	7.6x	—	9.4%	-3.43%	$1.28B	/for-vs-iipr →
OPEN Opendoor Technologies Inc	D	44/100	—	—	-35.0%	-0.52%	$1.85B	/open-vs-iipr →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001677576

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Innovative Industrial Properties Inc. (IIPR) reported GAAP revenue of $266.0M (-13.8% vs. FY2024 revenue of $308.5M , and -14.1% cumulative change since FY2023) , GAAP net income of $118.2M, operating cash flow of $198.2M, and free cash flow of $198.2M (-23.3% YoY). On the balance sheet, IIPR closed FY2025 with $2.37B in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 5/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$266.0M	$118.2M	$198.2M	$198.2M	$2.37B	—
FY2024 (FY)	2024-12-31	$308.5M	$161.7M	$258.4M	$258.4M	$2.38B	—
FY2023 (FY)	2023-12-31	$309.5M	$165.6M	$255.5M	$255.5M	—	—

3. IIPR Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is IIPR stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Innovative Industrial Properties Inc. (NYSE: IIPR) is rated C (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 65/100 at a spot price of $53.46 (+1.14% 1D, market cap $1.47B). Pillar breakdown: Fundamental Cash Engine 11/20, Institutional 13F & Options Flow 9/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 16/20, and SEC Balance-Sheet Forensics 16/20. Across 1096 tracked Financials issuers, IIPR ranks #320 in composite RQD confidence.

How does IIPR compare to EFC and BXDC in the Financials sector?

Within the Financials sector (Real Estate), IIPR carries a Roarable C (65/100 RQD), trailing P/E of 12.5x, gross margin of —, and ROIC of 5.4%. By comparison, EFC (Ellington Financial Inc.) holds a D grade (51/100 RQD, P/E 10.1x, ROIC 8.2%, cap $1.52B) and BXDC (Blackstone Digital Infrastructure Trust Inc.) posts a C grade (62/100 RQD, P/E N/A, ROIC —, cap $1.63B). Among the 5-stock peer group, FOR leads on earnings multiple (7.6x) while FOR leads on capital efficiency (9.4% ROIC).

What are the biggest fundamental strengths and SEC risk factors for IIPR?

Per IIPR's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001677576), Innovative Industrial Properties Inc. generated $266.0M in revenue (-13.8% YoY), $118.2M in net income, and $198.2M in free cash flow against $2.37B in total assets and $0 in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction.. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is IIPR trading relative to its 50-day, 200-day, and 52-week technical levels?

IIPR last traded at $53.46 (+1.14% on volume of 237,616 shares), positioning the stock -1.76% below its 50-day simple moving average ($54.42) and -2.91% below its 200-day simple moving average ($55.06). Across its 52-week range of $44.58 to $65.38, IIPR sits at the 42.7% percentile with a 14-day RSI of 43.5 (NEUTRAL RANGE) and an implied next-earnings move of ±5.2% ($50.68 to $56.24).

IIPR Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is Innovative Industrial Properties Inc. (IIPR)?

In FY 2025 (10-K), IIPR converted $266.0M of revenue into a 52% gross margin, 46.7% operating margin, and $198.2M in free cash flow (74.5% FCF margin).

Direct Sub-Reports: IIPR RQD Cockpit IIPR 12M Forecast IIPR Earnings & Move IIPR Dividends & DRIP IIPR Insiders & 13F IIPR Whale Options IIPR Profit Sankey IIPR News & Why