IIPR vs UE
Innovative Industrial Properties Inc. and Urban Edge Properties, side by side — 9 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | IIPR | UE |
|---|---|---|
| Revenue | $266.0M | $471.9M |
| Net income | $118.2M | $93.5M |
| Gross margin | 98.6% | · |
| Net margin | 44.5% | 20.7% |
| Return on equity | 6.2% | 6.8% |
| Diluted EPS | $3.93 | $0.74 |
| Dividend / share | · | $0.76 |
| Payout ratio | 182.9% | 102.1% |
| Free cash flow | · | · |
| Equity | $1.8B | · |
| Net debt / equity | 0.19× | · |
| Current ratio | · | · |
| Revenue CAGR 5y | 17.9% | 7.4% |
| Profit CAGR 5y | 12.5% | −0.0% |
UE bills 1.8× the revenue of IIPR, and IIPR keeps more of each dollar of revenue as profit (44.5% against 20.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
9 years side by side
| Fiscal year | IIPR | UE |
|---|---|---|
| FY2025 | $266.0M | $471.9M |
| FY2024 | $308.5M | $445.0M |
| FY2023 | $309.5M | $416.9M |
| FY2022 | $276.4M | $397.9M |
| FY2021 | $204.6M | $425.1M |
| FY2020 | $116.9M | $330.1M |
| FY2019 | $44.7M | $387.6M |
| FY2018 | $14.8M | $414.2M |
| FY2017 | $6.4M | $407.0M |
Bottom line
| Fiscal year | IIPR | UE |
|---|---|---|
| FY2025 | $118.2M | $93.5M |
| FY2024 | $161.7M | $72.6M |
| FY2023 | $165.6M | $248.5M |
| FY2022 | $154.4M | $46.2M |
| FY2021 | $114.0M | $102.7M |
| FY2020 | $65.7M | $93.6M |
| FY2019 | $23.5M | $109.5M |
| FY2018 | $7.0M | $105.2M |
| FY2017 | $-72,000 | $67.1M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$205,980,000 | UE |
| FY2024 | −$136,449,000 | UE |
| FY2023 | −$107,416,000 | UE |
| FY2022 | −$121,579,000 | UE |
| FY2021 | −$220,531,000 | UE |
| FY2020 | −$213,199,000 | UE |
| FY2019 | −$342,982,000 | UE |
| FY2018 | −$399,373,000 | UE |
| FY2017 | −$400,622,000 | UE |
UE has reported the higher revenue in every one of these 9 fiscal years. The gap has narrowed since the earliest year compared.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +23.8 pp | IIPR |
| FY2024 | +35.4 pp | IIPR |
| FY2023 | −8.8 pp | UE |
| FY2022 | +44.0 pp | IIPR |
| FY2021 | +30.4 pp | IIPR |
| FY2020 | +26.6 pp | IIPR |
| FY2019 | +22.6 pp | IIPR |
| FY2018 | +19.0 pp | IIPR |
| FY2017 | −19.0 pp | UE |
The higher net margin has changed hands between IIPR and UE over this period.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
IIPR's net margin has been more volatile than UE's over the 9 comparable fiscal years — 17.2 percentage points of standard deviation against 13.8.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between IIPR and UE over these 9 fiscal years — IIPR led in 7 and UE in 2.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
UE's return on equity has been more volatile than IIPR's over the 9 comparable fiscal years — 4.8 percentage points of standard deviation against 2.6.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between IIPR and UE over these 9 fiscal years — IIPR led in 2 and UE in 7.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.