Innovative Industrial Properties vs Terreno Realty
IIPR and TRNO side by side, both in real estate. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How IIPR and TRNO compare
Terreno Realty is the larger company, worth 5.0 times as much as Innovative Industrial Properties ($7.1B against $1.4B).
On earnings, Innovative Industrial Properties is cheaper: it trades at 11.7× trailing earnings, against 17.6× for Terreno Realty.
Terreno Realty grew revenue faster over the last twelve months (18.0% versus −8.4% for Innovative Industrial Properties).
Terreno Realty keeps more of each dollar of sales as profit, with a net margin of 77.3% compared with 52.3% at Innovative Industrial Properties.
Both pay dividends: Innovative Industrial Properties yields 14.6% and Terreno Realty 3.2%.
Terreno Realty scores higher on the StockData Score (14 against 13 for Innovative Industrial Properties), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | IIPR | TRNO |
|---|---|---|
| Size and price | ||
| Market cap | $1.4B | $7.1B |
| Share price | $52.04 | $65.56 |
| Change, 1 year | 4.9% | 12.5% |
| Change, 5 years | −81.0% | −12.0% |
| Beta (5Y) | 1.10 | 0.83 |
| Employees | 23 | 47 |
| StockData Score | ||
| Total score | 13 | 14 (better) |
| Valuation score | 6 (better) | 2 |
| Growth score | 0 | 4 (better) |
| Performance score | 3 | 4 (better) |
| Health score | 1 | 1 |
| Dividend score | 3 | 3 |
| Valuation | ||
| P/E | 11.7× (better) | 17.6× |
| P/S | 5.4× (better) | 14.2× |
| P/B | 0.8× (better) | 1.6× |
| EV/EBITDA | 5.9× | – |
| PEG | – | 1.22 |
| Fair value | $73.91 | $66.56 |
| Margin of safety | 29.6% (better) | 1.5% |
| Growth | ||
| Revenue growth (TTM) | −8.4% | 18.0% (better) |
| Revenue growth, 5Y average | 17.9% | 20.6% (better) |
| Net income growth (TTM) | 0.34% | 52.9% (better) |
| EPS growth (TTM) | −4.7% | 48.8% (better) |
| EPS growth, 5Y average | 3.7% | 27.5% (better) |
| Profitability | ||
| Operating margin | 51.4% | – |
| Net margin | 52.3% | 77.3% (better) |
| Return on equity | 7.4% | 9.3% (better) |
| Return on invested capital | 6.3% | – |
| Financial health | ||
| Interest coverage | 5.2× | – |
| Altman Z-score | 1.45 | 3.51 (better) |
| Piotroski F-score | 5 | 5 |
| Dividends and buybacks | ||
| Dividend yield | 14.6% (better) | 3.2% |
| Payout ratio | 157% | 55.0% |
| Years of dividend growth | – | 6 |
| Dividend growth, 5Y average | – | 12.5% |
| Buyback yield | 3.1% (better) | −4.3% |
| Shareholder yield | 17.7% (better) | −1.1% |
| Ownership | ||
| Held by institutions | 75.8% | 106% |
| Held by insiders | 2.1% | 1.7% |
| Insider net buying, 12 months | $243K (better) | −$1.8M |
| Superinvestors holding | – | 1 |
| Short interest, % of float | 15.8% | 6.0% |
Go deeper
- IIPR stock overview
- IIPR income statement
- IIPR valuation and score
- TRNO stock overview
- TRNO income statement
- TRNO valuation and score
For information only, not investment advice. Check the source filings before relying on any figure.