Fundamentals Analysis for Innovative Industrial Properties, Inc. (IIPR)

It is interesting to note that Innovative Industrial Properties, Inc. (NYSE:IIPR) is active and made a solid movement in the last trading day. Now trading with a market value of 907.67M, the company has a mix of catalysts and obstacles that spring from the nature of its operations. Everyone seems to have their own opinion of this stock. But what do the numbers really say? We think it’s a great time to take a fresh look.

Innovative Industrial Properties, Inc. (NYSE:IIPR) Fundamentals That Matter

It’s generally a good idea to start with the most fundamental piece of the picture: the balance sheet. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For IIPR, the company currently has 6.4 million of cash on the books, which is offset by 0 in current liabilities. The trend over time is important to note. In this case, the company’s debt has been growing. The company also has 0 in total assets, balanced by 0 in total liabilities, which should give you a sense of the viability of the company under any number of imagined business contexts.

Innovative Industrial Properties, Inc. saw 14617 in free cash flow last quarter, representing a quarterly net change in cash of 44404. Perhaps most importantly where cash movements are concerned, the company saw about 14617 in net operating cash flow.

Innovative Industrial Properties, Inc. (NYSE:IIPR) Revenue Growth Potential

As far as key trends that demonstrate something of the future investment potential of this stock, we need to take a closer look at the top line, first and foremost. Last quarter, the company saw 8.62 million in total revenues. That represents a quarterly year/year change in revenues of 0.62% in sequential terms, the IIPR saw sales decline by 0.21%.

But what about the bottom line? After all, that’s what really matters in the end. Innovative Industrial Properties, Inc. is intriguing when broken down to its core data. The cost of selling goods last quarter was 4.55 million, yielding a gross basic income of 4.07 million. For shareholders, given the total diluted outstanding shares of 11.37M, this means overall earnings per share of 300.

Is Innovative Industrial Properties, Inc. (NYSE:IIPR) Valuation Attractive

Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about 4.83 in total earnings per share. However, one should always remember: the trends are more important than the forecasts. This continues to be an interesting story, and we look forward to updating it again soon on Innovative Industrial Properties, Inc..