Industrial Logistics [ILPT] vs Innovative [IIPR] Detailed Stock Comparison

Industrial Logistics Properties Trust

NASDAQ
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Innovative Industrial Properties Inc.

NYSE
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TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Industrial Logistics Properties Trust wins in 4 metrics, Innovative Industrial Properties Inc. wins in 16 metrics, with 0 ties. Innovative Industrial Properties Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Industrial Logistics Properties Trust Innovative Industrial Properties Inc. Better
P/E Ratio (TTM) N/A 13.45 N/A
Price-to-Book Ratio 0.86 0.82 Innovative Industrial Properties Inc.
Debt-to-Equity Ratio 465.97 21.30 Innovative Industrial Properties Inc.
PEG Ratio -7.16 -0.60 Innovative Industrial Properties Inc.
EV/EBITDA 16.05 9.22 Innovative Industrial Properties Inc.
Profit Margin (TTM) -14.75% 44.46% Innovative Industrial Properties Inc.
Operating Margin (TTM) 33.71% 51.28% Innovative Industrial Properties Inc.
EBITDA Margin (TTM) 33.71% 51.28% Innovative Industrial Properties Inc.
Return on Equity -10.74% 6.25% Innovative Industrial Properties Inc.
Return on Assets (TTM) 1.75% 3.42% Innovative Industrial Properties Inc.
Free Cash Flow (TTM) $60.67M $198.19M Innovative Industrial Properties Inc.
Dividend Yield 2.85% 16.05% Innovative Industrial Properties Inc.
1-Year Return 172.64% 5.02% Industrial Logistics Properties Trust
Price-to-Sales Ratio (TTM) 0.94 5.59 Industrial Logistics Properties Trust
Enterprise Value $4.93B $1.88B Industrial Logistics Properties Trust
EV/Revenue Ratio 10.99 7.07 Innovative Industrial Properties Inc.
Gross Profit Margin (TTM) 85.38% 88.03% Innovative Industrial Properties Inc.
Revenue per Share (TTM) $7 $10 Innovative Industrial Properties Inc.
Earnings per Share (Diluted) $-1.00 $3.93 Innovative Industrial Properties Inc.
Beta (Stock Volatility) 2.40 1.47 Innovative Industrial Properties Inc.
Short % of Float 1.47% 18.57% Industrial Logistics Properties Trust

Industrial Logistics Properties Trust vs Innovative Industrial Properties Inc. Stock Performance Analysis

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ILPT
IIPR

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Industrial Logistics Properties Trust-2.31%1.83%17.93%45.81%59.71%60.58%
Innovative Industrial Properties Inc.-1.10%1.56%9.55%7.95%16.20%17.14%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Industrial Logistics Properties Trust172.64%364.77%-64.81%-61.58%-61.58%-61.58%
Innovative Industrial Properties Inc.5.02%-15.68%-68.01%214.31%214.31%214.31%

Performance & Financial Health Analysis: Industrial Logistics Properties Trust vs Innovative Industrial Properties Inc.

MetricILPTIIPR
Market Information
Market Cap i$477.24M$1.49B
Market Cap CategorySmall capSmall cap
10 Day Avg. Volume i283,404258,132
90 Day Avg. Volume i282,775276,871
Last Close$8.69$57.31
52 Week Range$3.24 - $9.15$44.58 - $61.40
% from 52W High-5.08%-6.65%
All-Time High$28.66 (Nov 01, 2021)$288.02 (Nov 15, 2021)
% from All-Time High-69.68%-80.10%
Growth Metrics
Quarterly Revenue Growth0.03%-0.13%
Quarterly Earnings Growth0.03%-0.20%
Financial Health
Profit Margin (TTM) i-0.15%0.44%
Operating Margin (TTM) i0.34%0.51%
Return on Equity (TTM) i-0.11%0.06%
Debt to Equity (MRQ) i465.9721.30
Cash & Liquidity
Book Value per Share (MRQ)$7.35$64.24
Cash per Share (MRQ)$1.45$1.69
Operating Cash Flow (TTM) i$60.67M$198.19M
Levered Free Cash Flow (TTM) i$109.13M$155.22M
Dividends
Last 12-Month Dividend Yield i2.85%16.05%
Last 12-Month Dividend i$0.17$7.60

Valuation & Enterprise Metrics Analysis: Industrial Logistics Properties Trust vs Innovative Industrial Properties Inc.

MetricILPT (Apr 24, 2026)IIPR (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) iN/A13.45
Forward P/E i-7.1611.03
PEG Ratio i-7.16-0.60
Price to Sales (TTM) i0.945.59
Price to Book (MRQ) i0.860.82
Market Capitalization
Market Capitalization i$477.24M$1.49B
Enterprise Value i$4.93B$1.88B
Enterprise Value Metrics
Enterprise to Revenue i10.997.07
Enterprise to EBITDA i16.059.22
Risk & Other Metrics
Beta i2.401.47
Book Value per Share (MRQ) i$7.35$64.24

Financial Statements Comparison: Industrial Logistics Properties Trust vs Innovative Industrial Properties Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricILPT (2025)IIPR (2025)
Revenue/Sales i448.85M265.96M
Cost of Goods Sold i61.68M30.18M
COGS % of Revenue i13.7%11.3%
Gross Profit i387.17M235.78M
Gross Margin i86.3%88.7%
Research & Development iN/AN/A
Operating Income (EBIT) i147.93M127.98M
Operating Margin i33.0%48.1%
EBITDA i319.87M214.90M
EBITDA Margin i71.3%80.8%
Pre-Tax Income i-122.45M118.25M
Pre-Tax Income % of Revenue i-27.3%44.5%
Income Tax i104,000N/A
Income Tax % of Revenue i0.0%0.0%
Net Income (Profit) i-102.57M118.25M
Profit Margin i-22.9%44.5%

Balance Sheet & Liquidity Metrics

MetricILPT (2025)IIPR (2025)
Cash & Equivalents i94.81M47.60M
Total Current Assets i319.70M166.89M
Total Current Assets % of Revenue i71.2%62.8%
Total Current Liabilities i84.37M221.55M
Total Current Liabilities % of Revenue i18.8%83.3%
Long-Term Debt i4.20B290.60M
Long-Term Debt % of Revenue i936.8%109.3%
Total Shareholders Equity i900.70M1.85B
Retained Earnings i-152.66M-312.99M
Retained Earnings % of Revenue i-34.0%-117.7%
Property, Plant & Equipment i301.28M0

Cash Flow Statement Comparison

MetricILPT (2025)IIPR (2025)
Operating Cash Flow i93.03M194.34M
Operating Cash Flow % of Revenue i20.7%73.1%
Capital Expenditures iN/AN/A
Free Cash Flow i60.67M198.19M
FCF Margin i13.5%74.5%
Debt Repayment i-1.26B-61.20M
Common Stock Repurchase i-451,000-20.11M

Short Interest & Institutional Ownership Analysis

MetricILPTIIPR
Shares Short i957,6073.38M
Short Ratio i3.3211.72
Short % of Float i1.47%18.57%
Shares Outstanding i66.65M28.02M
Float Shares i62.41M27.59M
% Held by Insiders i17.09%1.81%
% Held by Institutions i52.47%71.43%
% Held by Public i30.44%26.76%

Dividend Analysis & Yield Comparison: Industrial Logistics Properties Trust vs Innovative Industrial Properties Inc.

MetricILPTIIPR
Last 12-Month Dividend i$0.17$7.60
Last 12-Month Dividend Yield i2.85%16.05%
3-Year Avg Annual Dividend i$0.08$7.45
3-Year Avg Dividend Yield i0.44%2.59%
3-Year Total Dividends i$0.25$22.34
Ex-Dividend DateJan 26, 2026Dec 31, 2025