Mission Statement, Vision, & Core Values (2024) of Innovative Industrial Properties, Inc. (IIPR)

Mission Statement, Vision, & Core Values (2024) of Innovative Industrial Properties, Inc. (IIPR)

US | Real Estate | REIT - Industrial | NYSE

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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 Framework

Innovative 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 Objectives

IIPR'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 Approach

IIPR'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 Metrics

Key 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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