Innovative Industrial Properties PE ratio IIPR
Share price divided by earnings per share over the last twelve months, since 2018.
- Today, Oct 23, 2026
- 12.2×
- 8-year median
- 23.1×
- Against its 8-year history
- 12th
- percentile: 0 is its lowest day, 100 its highest
- 8-year range
- 8.9× to 271×
- Peer median
- 38.3×
Innovative Industrial Properties' PE ratio is 12.2× as of Oct 23, 2026: a share price of $54.21 against $4.43 of earnings per share over the last twelve months.
That is below its 8-year median of 23.1×, lower than on 88% of days in the last 8 years.
Over that time it ranged from 8.9× in Apr 2025 to 271× in Jun 2018.
The median for 10 real Estate services stocks of a similar size is 38.3×.
PE ratio over time
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 12.2× | 10.8× | 16.4× |
| 2025 | 12.0× | 8.9× | 13.4× |
| 2024 | 12.1× | 12.1× | 23.8× |
| 2023 | 17.4× | 12.0× | 21.8× |
| 2022 | 19.7× | 17.6× | 51.4× |
| 2021 | 60.7× | 48.7× | 69.4× |
| 2020 | 59.3× | 30.5× | 74.4× |
| 2019 | 53.1× | 50.0× | 139× |
| 2018 | 81.9× | 79.0× | 271× |
Against its peers
Companies in Real Estate - Services nearest Innovative Industrial Properties' size, closest first, today.
| Company | PE ratio |
|---|---|
| IIPRInnovative Industrial Properties | 12.2× |
| FORForestar | 7.8× |
| GTYGetty Realty | 17.1× |
| NMRKNewmark | 16.2× |
| MMIMarcus & Millichap | 74.6× |
| UEUrban Edge Properties | 35.8× |
| CWKCushman & Wakefield | 40.8× |
| CURBCurbline Properties | 120× |
| GOODGladstone Commercial | 46.2× |
| MRPMillrose Properties | 8.3× |
| TRCTejon Ranch | 71.5× |
| Peer median | 38.3× |
Where Innovative Industrial Properties ranks
What the PE ratio tells you
Share price divided by earnings per share over the last twelve months. It is the price tag on a dollar of profit: 20× means you pay $20 for $1 of yearly earnings.
Blank while earnings are negative. A very low PE can mean the market expects profits to fall, so read it with growth and the company's own history.
More on Innovative Industrial Properties
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.