Innovative Industrial Properties price to book ratio IIPR

Market value divided by the book value of the company's net assets, since 2017.

Today, Oct 23, 2026: 0.8×
10-year median: 1.6×
Against its 10-year history: 8th; percentile: 0 is its lowest day, 100 its highest
10-year range: 0.7× to 5.1×
Peer median: 1.5×

Innovative Industrial Properties' price to book ratio is 0.8× as of Oct 23, 2026.

That is below its ten-year median of 1.6×, lower than on 92% of days in the last ten years.

Over that time it ranged from 0.7× in Aug 2025 to 5.1× in Mar 2019.

The median for 10 real Estate services stocks of a similar size is 1.5×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	0.8×	0.7×	1.0×
2025	0.8×	0.7×	1.1×
2024	1.0×	1.0×	2.0×
2023	1.5×	1.0×	1.6×
2022	1.4×	1.3×	3.5×
2021	4.2×	2.7×	4.4×
2020	3.2×	1.5×	3.3×
2019	2.0×	1.9×	5.1×
2018	3.0×	1.4×	3.5×
2017	1.9×	1.0×	1.9×

Against its peers

Companies in Real Estate - Services nearest Innovative Industrial Properties' size, closest first, today.

Company	Price to book ratio
IIPRInnovative Industrial Properties	0.8×
FORForestar	0.7×
GTYGetty Realty	1.5×
NMRKNewmark	1.5×
MMIMarcus & Millichap	1.8×
UEUrban Edge Properties	1.8×
CWKCushman & Wakefield	1.4×
CURBCurbline Properties	1.5×
GOODGladstone Commercial	3.7×
MRPMillrose Properties	0.7×
TRCTejon Ranch	0.9×
Peer median	1.5×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Innovative Industrial Properties

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.