Innovative [IIPR] vs Industrial Logistics [ILPT] Detailed Stock Comparison
TLDR: Quick Comparison Summary
Based on 21 vital metrics comparison: Innovative Industrial Properties Inc. wins in 16 metrics, Industrial Logistics Properties Trust wins in 4 metrics, with 0 ties. Innovative Industrial Properties Inc. appears stronger overall.
View Metrics Details
Vital Metrics Comparison
| Metric | Innovative Industrial Properties Inc. | Industrial Logistics Properties Trust | Better |
|---|---|---|---|
| P/E Ratio (TTM) | 13.45 | N/A | N/A |
| Price-to-Book Ratio | 0.82 | 0.86 | Innovative Industrial Properties Inc. |
| Debt-to-Equity Ratio | 21.30 | 465.97 | Innovative Industrial Properties Inc. |
| PEG Ratio | -0.60 | -7.16 | Innovative Industrial Properties Inc. |
| EV/EBITDA | 9.22 | 16.05 | Innovative Industrial Properties Inc. |
| Profit Margin (TTM) | 44.46% | -14.75% | Innovative Industrial Properties Inc. |
| Operating Margin (TTM) | 51.28% | 33.71% | Innovative Industrial Properties Inc. |
| EBITDA Margin (TTM) | 51.28% | 33.71% | Innovative Industrial Properties Inc. |
| Return on Equity | 6.25% | -10.74% | Innovative Industrial Properties Inc. |
| Return on Assets (TTM) | 3.42% | 1.75% | Innovative Industrial Properties Inc. |
| Free Cash Flow (TTM) | $198.19M | $60.67M | Innovative Industrial Properties Inc. |
| Dividend Yield | 16.05% | 2.85% | Innovative Industrial Properties Inc. |
| 1-Year Return | 7.35% | 163.93% | Industrial Logistics Properties Trust |
| Price-to-Sales Ratio (TTM) | 5.59 | 0.94 | Industrial Logistics Properties Trust |
| Enterprise Value | $1.88B | $4.93B | Industrial Logistics Properties Trust |
| EV/Revenue Ratio | 7.07 | 10.99 | Innovative Industrial Properties Inc. |
| Gross Profit Margin (TTM) | 88.03% | 85.38% | Innovative Industrial Properties Inc. |
| Revenue per Share (TTM) | $10 | $7 | Innovative Industrial Properties Inc. |
| Earnings per Share (Diluted) | $3.93 | $-1.00 | Innovative Industrial Properties Inc. |
| Beta (Stock Volatility) | 1.47 | 2.40 | Innovative Industrial Properties Inc. |
| Short % of Float | 18.57% | 1.47% | Industrial Logistics Properties Trust |
Innovative Industrial Properties Inc. vs Industrial Logistics Properties Trust Stock Performance Analysis
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Performance Comparison
Short-term Returns
| Stock | 1D | 1W | 1M | 3M | 6M | YTD |
|---|---|---|---|---|---|---|
| Innovative Industrial Properties Inc. | 0.02% | 2.21% | 12.08% | 16.62% | 7.02% | 22.30% |
| Industrial Logistics Properties Trust | -1.00% | 4.58% | 13.36% | 44.41% | 57.14% | 61.12% |
Long-term Returns
| Stock | 1Y | 3Y | 5Y | 10Y | 15Y | 20Y |
|---|---|---|---|---|---|---|
| Innovative Industrial Properties Inc. | 7.35% | -18.99% | -67.19% | 227.86% | 227.86% | 227.86% |
| Industrial Logistics Properties Trust | 163.93% | 213.59% | -64.72% | -61.46% | -61.46% | -61.46% |
Performance & Financial Health Analysis: Innovative Industrial Properties Inc. vs Industrial Logistics Properties Trust
| Metric | IIPR | ILPT |
|---|---|---|
| Market Information | ||
| Market Cap | $1.49B | $477.24M |
| Market Cap Category | Small cap | Small cap |
| 10 Day Avg. Volume | 258,132 | 283,404 |
| 90 Day Avg. Volume | 276,871 | 282,775 |
| Last Close | $60.50 | $8.91 |
| 52 Week Range | $44.58 - $62.30 | $3.50 - $9.17 |
| % from 52W High | -2.89% | -2.84% |
| All-Time High | $288.02 (Nov 15, 2021) | $28.66 (Nov 01, 2021) |
| % from All-Time High | -78.99% | -68.91% |
| Growth Metrics | ||
| Quarterly Revenue Growth | -0.13% | 0.03% |
| Quarterly Earnings Growth | -0.20% | 0.03% |
| Financial Health | ||
| Profit Margin (TTM) | 0.44% | -0.15% |
| Operating Margin (TTM) | 0.51% | 0.34% |
| Return on Equity (TTM) | 0.06% | -0.11% |
| Debt to Equity (MRQ) | 21.30 | 465.97 |
| Cash & Liquidity | ||
| Book Value per Share (MRQ) | $64.24 | $7.35 |
| Cash per Share (MRQ) | $1.69 | $1.45 |
| Operating Cash Flow (TTM) | $198.19M | $60.67M |
| Levered Free Cash Flow (TTM) | $155.22M | $109.13M |
| Dividends | ||
| Last 12-Month Dividend Yield | 16.05% | 2.85% |
| Last 12-Month Dividend | $7.60 | $0.17 |
Valuation & Enterprise Metrics Analysis: Innovative Industrial Properties Inc. vs Industrial Logistics Properties Trust
| Metric | IIPR (Apr 24, 2026) | ILPT (Apr 24, 2026) |
|---|---|---|
| Price Ratios | ||
| P/E Ratio (TTM) | 13.45 | N/A |
| Forward P/E | 11.03 | -7.16 |
| PEG Ratio | -0.60 | -7.16 |
| Price to Sales (TTM) | 5.59 | 0.94 |
| Price to Book (MRQ) | 0.82 | 0.86 |
| Market Capitalization | ||
| Market Capitalization | $1.49B | $477.24M |
| Enterprise Value | $1.88B | $4.93B |
| Enterprise Value Metrics | ||
| Enterprise to Revenue | 7.07 | 10.99 |
| Enterprise to EBITDA | 9.22 | 16.05 |
| Risk & Other Metrics | ||
| Beta | 1.47 | 2.40 |
| Book Value per Share (MRQ) | $64.24 | $7.35 |
Financial Statements Comparison: Innovative Industrial Properties Inc. vs Industrial Logistics Properties Trust
Financial Metrics
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Revenue
Operating Margin
Profit Margin
Long Term Debt
Income Flow Analysis
Financial Statements Comparison
Income Statement
| Metric | IIPR (2025) | ILPT (2025) |
|---|---|---|
| Revenue/Sales | 265.96M | 448.85M |
| Cost of Goods Sold | 30.18M | 61.68M |
| COGS % of Revenue | 11.3% | 13.7% |
| Gross Profit | 235.78M | 387.17M |
| Gross Margin | 88.7% | 86.3% |
| Research & Development | N/A | N/A |
| Operating Income (EBIT) | 127.98M | 147.93M |
| Operating Margin | 48.1% | 33.0% |
| EBITDA | 214.90M | 319.87M |
| EBITDA Margin | 80.8% | 71.3% |
| Pre-Tax Income | 118.25M | -122.45M |
| Pre-Tax Income % of Revenue | 44.5% | -27.3% |
| Income Tax | N/A | 104,000 |
| Income Tax % of Revenue | 0.0% | 0.0% |
| Net Income (Profit) | 118.25M | -102.57M |
| Profit Margin | 44.5% | -22.9% |
Balance Sheet & Liquidity Metrics
| Metric | IIPR (2025) | ILPT (2025) |
|---|---|---|
| Cash & Equivalents | 47.60M | 94.81M |
| Total Current Assets | 166.89M | 319.70M |
| Total Current Assets % of Revenue | 62.8% | 71.2% |
| Total Current Liabilities | 221.55M | 84.37M |
| Total Current Liabilities % of Revenue | 83.3% | 18.8% |
| Long-Term Debt | 290.60M | 4.20B |
| Long-Term Debt % of Revenue | 109.3% | 936.8% |
| Total Shareholders Equity | 1.85B | 900.70M |
| Retained Earnings | -312.99M | -152.66M |
| Retained Earnings % of Revenue | -117.7% | -34.0% |
| Property, Plant & Equipment | 0 | 301.28M |
Cash Flow Statement Comparison
| Metric | IIPR (2025) | ILPT (2025) |
|---|---|---|
| Operating Cash Flow | 194.34M | 93.03M |
| Operating Cash Flow % of Revenue | 73.1% | 20.7% |
| Capital Expenditures | N/A | N/A |
| Free Cash Flow | 198.19M | 60.67M |
| FCF Margin | 74.5% | 13.5% |
| Debt Repayment | -61.20M | -1.26B |
| Common Stock Repurchase | -20.11M | -451,000 |
Short Interest & Institutional Ownership Analysis
| Metric | IIPR | ILPT |
|---|---|---|
| Shares Short | 3.38M | 957,607 |
| Short Ratio | 11.72 | 3.32 |
| Short % of Float | 18.57% | 1.47% |
| Shares Outstanding | 28.02M | 66.65M |
| Float Shares | 27.59M | 62.41M |
| % Held by Insiders | 1.81% | 17.09% |
| % Held by Institutions | 71.43% | 52.47% |
| % Held by Public | 26.76% | 30.44% |
Dividend Analysis & Yield Comparison: Innovative Industrial Properties Inc. vs Industrial Logistics Properties Trust
| Metric | IIPR | ILPT |
|---|---|---|
| Last 12-Month Dividend | $7.60 | $0.17 |
| Last 12-Month Dividend Yield | 16.05% | 2.85% |
| 3-Year Avg Annual Dividend | $7.45 | $0.08 |
| 3-Year Avg Dividend Yield | 2.59% | 0.44% |
| 3-Year Total Dividends | $22.34 | $0.25 |
| Ex-Dividend Date | Dec 31, 2025 | Jan 26, 2026 |