Where do Innovative Industrial Properties, Inc.'s ratios come from?

Every ratio is computed from Innovative Industrial Properties, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

	FY'25	FY'24	FY'23	FY'22
Profitability
Operating margin	46.7%-7.9pp	54.6%-1.8pp	56.4%-5.0pp	61.4%-4.8pp
Net margin	44.5%-7.9pp	52.4%-1.1pp	53.5%-2.4pp	55.9%+0.1pp
EBITDA margin	74.5%-3.0pp	77.5%-0.6pp	78.1%-5.4pp	83.6%-3.0pp
Returns
Return on equity	6.2%-2.1pp	8.3%-0.1pp	8.5%-0.2pp	8.6%+1.4pp
Return on assets	5%-1.8pp	6.8%-0.1pp	6.9%0.0pp	6.9%+0.9pp
Return on invested capital	6.4%-2.3pp	8.6%-0.8pp	9.5%-0.5pp	10%+0.7pp
Efficiency
Asset turnover	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Leverage
Debt-to-equity	0×-0.1×	0.1×+0.1×	0×0.0×	0×0.0×
Debt-to-assets	0×-0.1×	0.1×+0.1×	0×0.0×	0×0.0×
Net debt / EBITDA	-0.2×-0.8×	0.6×+1.2×	-0.6×-0.2×	-0.4×+0.1×
Interest coverage	6.1×-3.4×	9.5×-0.5×	10×+0.7×	9.3×+1.8×
Per Share
Book value per share	$65.12-4.0%	$67.86-1.8%	$69.12-2.5%	$70.92+15.6%
Valuation
Market capitalization	$1.33B-29.7%	$1.89B-33.1%	$2.82B-0.4%	$2.84B-54.9%
Enterprise value	$1.28B-37.0%	$2.03B-24.2%	$2.68B-2.5%	$2.75B-55.7%
Price / earnings	11.2×-0.5×	11.7×-5.4×	17×-1.3×	18.4×-36.8×
Price / sales	5×-1.1×	6.1×-3.0×	9.1×-1.1×	10.3×-20.5×
Price / book	0.7×-0.3×	1×-0.5×	1.4×0.0×	1.4×-2.5×
EV / EBITDA	6.5×-2.0×	8.5×-2.6×	11.1×-0.8×	11.9×-23.2×
EV / sales	4.8×-1.8×	6.6×-2.1×	8.7×-1.3×	10×-20.4×
Earnings yield	8.9%+0.3pp	8.6%+2.7pp	5.9%+0.4pp	5.4%+3.6pp
Dividend yield	16.3%+5.1pp	11.2%+4.0pp	7.2%+0.7pp	6.5%+4.4pp

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Questions, answered.

Where do Innovative Industrial Properties, Inc.'s ratios come from?: Every ratio is computed from Innovative Industrial Properties, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.