Innovative Industrial Properties, Inc.
$1.92B- Market cap
- $1.58B
- Debt
- +$393.72M
- Cash
- −$47.60M
Capital structure 80% equity / 20% debt · EV / Revenue 7.23x · EV / EBITDA 9.22x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: IIPR stock price at discount vs ZUMZ $57.20 current versus $90.84 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at ZUMZ's multiple
Implied fair value · at IIPR's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: IIPR FY 2025 (ended Dec 31, 2025) · ZUMZ FY 2026 (ended Jan 31, 2026). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 80% equity / 20% debt · EV / Revenue 7.23x · EV / EBITDA 9.22x
Capital structure 60% equity / 40% debt · EV / Revenue 0.41x · EV / EBITDA 8.34x
IIPR carries the larger enterprise value at $1.92B against $378.16M; ZUMZ trades on the lower EV / Revenue multiple (0.41x vs 7.23x); ZUMZ on the lower EV / EBITDA (8.34x vs 9.22x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Innovative Industrial Properties, Inc. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
ZUMIEZ INC · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.21x
0.62x
Net debt / EBITDA
Leverage against operating earnings
1.66x
1.63x
Cash and equivalents
Liquid reserves on the balance sheet
$47.60M
$127.86M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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