Innovative Industrial Properties, Inc. 9.00% Series A Cumulative Redeemable Preferred Stock
IIPR-PA is undervalued
NYSE · Real Estate
FAIR PRICE
Updated daily
Model: DCF 50% · Relative 30% · Consensus 20%
$24.97
MARKET PRICE
$43.37
FAIR PRICE
$18.40
MARGIN
COMMUNITY BUY ZONE
UNLOCKS AT 10
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COMMUNITY MEDIAN
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BUYERS AT TODAY'S PRICE
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FPI RATING
Strong profitability and attractive valuation, but limited growth momentum.
Analytical data, not an investment recommendation. Updated daily.
How we calculate this ↗MARGIN OF SAFETY
A 20% margin of safety below fair value — the conservative entry level for risk-aware investors.
SAFETY MARGIN
20%
Below fair value
ENTRY LEVEL
$34.70
Fair price × 0.80
DISTANCE
39.0%
Price to entry level
At the current price of $24.97, IIPR-PA trades 39.0% below the conservative entry level of $34.70. The stock is currently priced below the 20% margin of safety threshold, indicating a potential value opportunity based on the model.
Margin of safety is a risk management concept, not an investment recommendation. The 20% threshold follows Benjamin Graham's value investing framework. Fair price and entry levels are model-based estimates updated daily. Learn more about Margin of Safety ↗
VALUATION HISTORY
SYNCING FEED ▌
P/E RATIO HISTORY
SYNCING FEED ▌
METHODOLOGY
How we calculate IIPR-PA's fair price
Innovative Industrial Properties, Inc. 9.00% Series A Cumulative Redeemable Preferred Stock's fair price of $43.37 is derived from a blended model that combines DCF analysis (50%), relative valuation against Real Estate peers using metrics like P/E and EV/EBITDA (30%), and analyst consensus (20%). At the current market price of $24.97, IIPR-PA trades 73.7% below its calculated fair value.
DCF MODEL · 50%
Discounted free cash flow analysis based on projected cash flows, discounted at a rate reflecting IIPR-PA's risk profile.
RELATIVE · 30%
Comparing IIPR-PA's valuation multiples against Real Estate peers to determine if the stock is over or undervalued relative to its industry.
ANALYST · 20%
Aggregated analyst price targets for IIPR-PA, weighted by recency and analyst accuracy.
TRY IT YOURSELF
Want to test your own assumptions? Use our free calculators to estimate IIPR-PA's fair value with your own inputs.
IIPR-PA DCF Calculator
Pre-filled with IIPR-PA's real free cash flow and share count — set your own growth and discount rate to calculate intrinsic value.
Graham Number
Enter IIPR-PA's EPS and book value to see the maximum price Benjamin Graham would pay for this stock.
P/E Ratio Calculator
Check how much investors pay per dollar of IIPR-PA's earnings and compare it against sector benchmarks.
EV/EBITDA Calculator
Compare IIPR-PA against peers on a debt-adjusted basis using enterprise value and EBITDA.
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Explore on BuliosFAQ
What is the fair price of IIPR-PA?+
Based on our blended model combining DCF analysis (50%), relative valuation against Real Estate peers (30%), and analyst consensus (20%), the fair price for Innovative Industrial Properties, Inc. 9.00% Series A Cumulative Redeemable Preferred Stock is $43.37. At the current market price of $24.97, IIPR-PA trades 73.7% below its calculated fair value.
Is IIPR-PA overvalued or undervalued?+
Innovative Industrial Properties, Inc. 9.00% Series A Cumulative Redeemable Preferred Stock is currently undervalued based on our valuation model. The stock trades at $24.97, which is 73.7% below the fair price of $43.37. The P/E ratio of 0.4x is a key metric in the valuation.
What is the margin of safety for IIPR-PA?+
With a 20% margin of safety applied to the fair price of $43.37, the conservative entry level for IIPR-PA is $34.70. At the current market price of $24.97, the stock trades 39.0% below this entry level. Margin of safety is a risk management concept from Benjamin Graham's value investing framework, not an investment recommendation.
How often is IIPR-PA's fair price updated?+
We update fair price calculations for IIPR-PA daily after market close. The current fair price of $43.37 incorporates the latest market data and sector multiples.
What factors affect IIPR-PA's fair price calculation?+
IIPR-PA's fair price of $43.37 is derived from DCF analysis (50% weight), relative valuation against Real Estate peers (30% weight), and analyst consensus (20% weight). Key metrics include P/E of 0.4x, ROE of 7.4%, and dividend yield of 9.03%.
Is IIPR-PA a good buy right now?+
At $24.97, IIPR-PA trades 73.7% below our fair value estimate of $43.37. The stock is currently undervalued. ROE stands at 7.4% (average). Fair Price Index provides valuation data — always do your own research before investing.
Does IIPR-PA pay dividends?+
IIPR-PA has a dividend yield of 9.03%.
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Fair Price Index is for informational purposes only and does not constitute investment advice. Fair value calculations are model-based estimates and may not reflect actual market conditions. Always conduct your own research before making investment decisions.

