Innovative Industrial Properties EV/EBIT IIPR
Enterprise value divided by operating profit over the last twelve months, one-off items taken out, since 2018.
- Today, Oct 23, 2026
- 14.0×
- 8-year median
- 22.2×
- Against its 8-year history
- 23rd
- percentile: 0 is its lowest day, 100 its highest
- 8-year range
- 9.2× to 172×
- Peer median
- 19.8×
Innovative Industrial Properties' EV/EBIT is 14.0× as of Oct 23, 2026.
That is below its 8-year median of 22.2×, lower than on 77% of days in the last 8 years.
Over that time it ranged from 9.2× in Apr 2025 to 172× in Mar 2019.
The median for 10 real Estate services stocks of a similar size is 19.8×.
EV/EBIT over time
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 14.0× | 11.5× | 17.3× |
| 2025 | 12.5× | 9.2× | 13.7× |
| 2024 | 12.1× | 12.1× | 23.1× |
| 2023 | 17.0× | 11.4× | 19.0× |
| 2022 | 17.2× | 15.3× | 42.4× |
| 2021 | 50.4× | 42.5× | 74.5× |
| 2020 | 62.4× | 30.1× | 66.7× |
| 2019 | 44.5× | 41.3× | 172× |
| 2018 | 95.4× | 55.6× | 134× |
Against its peers
Companies in Real Estate - Services nearest Innovative Industrial Properties' size, closest first, today.
| Company | EV/EBIT |
|---|---|
| IIPRInnovative Industrial Properties | 14.0× |
| FORForestar | 7.8× |
| GTYGetty Realty | 19.8× |
| NMRKNewmark | 10.7× |
| MMIMarcus & Millichap | 95.8× |
| UEUrban Edge Properties | 29.7× |
| CWKCushman & Wakefield | 10.3× |
| CURBCurbline Properties | 89.7× |
| GOODGladstone Commercial | 20.2× |
| MRPMillrose Properties | 9.9× |
| TRCTejon Ranch | n/m |
| Peer median | 19.8× |
Where Innovative Industrial Properties ranks
What the EV/EBIT tells you
What the whole business costs against its operating profit. Enterprise value is the market value plus borrowings and minority interests, less cash. EBIT is operating profit before interest and tax, with one-offs taken out. Unlike PE it is not moved by how a company is financed.
Leases are left out of debt for every company. Banks earn on their balance sheet, so EV/EBIT does not describe them.
More on Innovative Industrial Properties
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.