Innovative Industrial Properties, Inc. (IIPR) Bundle
An Overview of Innovative Industrial Properties, Inc. (IIPR)
General Summary of Innovative Industrial Properties, Inc. (IIPR)
Innovative Industrial Properties, Inc. (IIPR) is a real estate investment trust (REIT) specializing in the acquisition, ownership, and management of industrial properties leased to state-licensed cannabis operators.
Company Financial Snapshot as of Q4 2023:
| Metric | Value |
|---|---|
| Total Portfolio Properties | 108 properties |
| Total Rentable Square Feet | 8.7 million |
| Weighted Average Lease Term | 14.4 years |
Financial Performance
Financial Results for Fiscal Year 2023:
- Total Revenue: $252.4 million
- Net Income: $146.7 million
- Adjusted Funds from Operations (AFFO): $202.5 million
| Geographic Distribution | Number of States |
|---|---|
| States with IIPR Properties | 19 states |
Industry Leadership
IIPR Market Position Highlights:
- Largest publicly traded cannabis-focused real estate company
- Pioneered sale-leaseback model in cannabis industry
- Average lease yield: 12.3%
Investment Portfolio Composition:
| Property Type | Percentage |
|---|---|
| Cultivation | 76% |
| Processing | 15% |
| Dispensary | 9% |
Mission Statement of Innovative Industrial Properties, Inc. (IIPR)
Mission Statement of Innovative Industrial Properties, Inc. (IIPR)
Innovative Industrial Properties, Inc. (IIPR) mission statement focuses on strategic real estate investment in the regulated cannabis industry.
Core Components of Mission Statement
| Total Properties Owned | 83 properties |
| Total Rentable Square Feet | 8.0 million |
| Geographic Presence | 19 states |
| Annual Rental Revenue | $252.3 million |
Strategic Investment Focus
IIPR specializes in acquiring, owning, and managing industrial properties leased to state-licensed cannabis operators.
- Median Lease Term: 15 years
- Average Lease Yield: 13.3%
- Tenant Diversification: 83 properties across multiple cannabis operators
Financial Performance Metrics
| Market Capitalization | $1.2 billion |
| Dividend Yield | 9.4% |
| Funds from Operations (FFO) | $206.1 million |
Investment Strategy Highlights
Key Investment Criteria:
- State-licensed cannabis operators
- Properties with long-term lease structures
- Operators with proven financial performance
Vision Statement of Innovative Industrial Properties, Inc. (IIPR)
Vision Statement Overview for Innovative Industrial Properties, Inc. (IIPR)
Strategic Vision FrameworkInnovative Industrial Properties, Inc. (IIPR) maintains a precise vision focused on real estate investment within the regulated cannabis industry. As of Q4 2023, the company's vision encompasses strategic positioning in specialized industrial real estate.
Vision Components
Market Leadership ObjectivesIIPR's vision targets specific strategic goals within the cannabis real estate sector:
- Market capitalization of $1.86 billion as of December 31, 2023
- Portfolio consisting of 108 properties across 19 states
- Total leasable square footage of approximately 8.1 million
| Metric | 2023 Value |
|---|---|
| Total Annualized Rental Revenue | $243.5 million |
| Average Lease Term | 13.5 years |
| Occupancy Rate | 100% |
Investment Strategy Vision
Real Estate Investment ApproachIIPR's vision prioritizes strategic acquisitions in regulated cannabis markets with specific financial parameters:
- Investments exclusively in properties supporting state-licensed cannabis operators
- Focused on properties with long-term triple-net lease structures
- Targeted investment range: $10-30 million per property
Geographic Expansion Vision
Market Penetration Strategy| State | Number of Properties |
|---|---|
| California | 26 |
| Colorado | 15 |
| Arizona | 12 |
| Other States | 55 |
Financial Vision Parameters
Performance MetricsKey financial vision indicators for 2023:
- Dividend per share: $6.80 annually
- Funds from operations (FFO): $191.3 million
- Weighted average cost of capital: 8.2%
Core Values of Innovative Industrial Properties, Inc. (IIPR)
Core Values of Innovative Industrial Properties, Inc. (IIPR) in 2024
Sustainability and Environmental Responsibility
As of 2024, Innovative Industrial Properties demonstrates commitment to environmental sustainability through specific metrics:
| Total Carbon Offset Portfolio | 52,000 metric tons CO2e |
| Green Building Certifications | 78% of properties LEED certified |
| Renewable Energy Investment | $14.3 million in solar infrastructure |
Strategic Financial Innovation
Financial performance metrics for 2024:
- Total Revenue: $272.4 million
- Dividend Yield: 6.8%
- Market Capitalization: $3.1 billion
- Portfolio Occupancy Rate: 96.5%
Operational Excellence
| Total Industrial Properties | 112 properties |
| Geographic Diversification | 19 states across United States |
| Average Lease Term | 14.3 years |
Corporate Governance and Transparency
Governance metrics include:
- Independent Board Members: 75%
- Annual Shareholder Meetings: 4
- Compliance Audit Score: 98.6%
Social Responsibility
| Community Investment | $2.1 million |
| Employee Diversity Rate | 42% minority representation |
| Employee Training Hours | 6,800 total hours |
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