Innovative Industrial Properties, Inc. (IIPR) vs Terreno Realty Corporation (TRNO)
Innovative Industrial Properties, Inc. and Terreno Realty Corporation are both Reit Industrial companies. Terreno Realty Corporation is the larger, with a market value of $7.2B against $1.5B — 4.7× the size. Innovative Industrial Properties, Inc. trades at the lower P/E: 12.4× against 17.7×. Terreno Realty Corporation grew revenue faster over the last twelve months: 18.1% against −8.42%. Terreno Realty Corporation has the higher net margin (76.9% vs 49.2%) and the lower return on invested capital (2.42% vs 3.76%). Both pay a dividend; Innovative Industrial Properties, Inc. yields more (7.89% vs 2.67%). Across the 22 metrics below, Innovative Industrial Properties, Inc. leads on 14 and Terreno Realty Corporation on 8.
Valuation
Profitability
| Metric | IIPR | TRNO | Reit Industrial median |
|---|---|---|---|
| Gross margin | 88.35% | 76.17% | 73.76% |
| Operating margin | 51.44% | 41.39% | 39.85% |
| Net margin | 49.24% | 76.92% | 28.04% |
| Free cash flow margin | 91.84% | (136.53%) | 13.63% |
| Return on equity | 7.28% | 9.24% | 6.83% |
| Return on assets | 5.31% | 7.23% | 3.45% |
| Return on invested capital | 3.76% | 2.42% | 2.92% |
Growth
Health
Dividend
Size
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