IIPR close: $79 on 2023-07-31 to $61 on 2026-07-29.
Daily closing price, split-adjusted to the current basis; 3y shown of 2,421 bars on file. Sampled to 240 points — every point is a real close, none averaged. Price return, not total return (dividends excluded). Source marketstack.
At a glance
Fair value (model)$79.46
Implied upside+29.8%
Valuation confidenceLOW
Price impliesUNDEMANDING · 16.5% growth
Short interest13.5% of sh out
Days to cover13.2d
13F net flow (QoQ)+2.36%
Top-10 13F concentration67.7%
Next report (est.)2026-08-03
Fair value, confidence and the reverse-DCF grade are the MATERIALIZED daily snapshot (the same columns the screener serves), not a live model run. Short interest is FINRA semi-monthly, settlement 2026-07-15. 13F figures are quarterly filings, period 2026-Q1 — a lower bound on true ownership.
Key fundamentalsFY 2025
P/E (FY)15.6×
Sales (TTM)$263.2M
Trailing returns
YTD+38.4%
1Y+32.6%
3Y+7.2%
5Y−55.2%
Since incept. (ann.)+19.9%
Total return through 2026-07-29 · series begins 2016-12-01. Only the windows this history actually covers are shown.
Risk
Ann. volatility (1Y)41.0%
Ann. volatility (3Y)39.3%
Sharpe (1Y)0.91
Sharpe (3Y)0.29
Max drawdown (1Y)−21.3%
Max drawdown (3Y)−62.9%
Beta (3Y vs SPY)1.23
Daily simple returns, annualized; drawdown is peak-to-trough within the window. Beta is the OLS slope of monthly returns on SPY's over three years. Each figure is labeled by the window it was measured over — they are not comparable across windows.
Top institutional holders13F 2026-Q1
Manager
Shares
Value
% sh out
QoQ
BlackRock, Inc.
4.8M
$240M
16.99%
+1.0%
VANGUARD PORTFOLIO MANAGEMENT LLC
2.7M
$137M
9.70%
new
STATE STREET CORP
1.6M
$83M
5.64%
−1.2%
VANGUARD CAPITAL MANAGEMENT LLC
1.2M
$62M
4.41%
new
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
573,633
$29M
2.04%
+6.1%
GOLDMAN SACHS GROUP INC
541,919
$27M
1.93%
+6.4%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP
539,600
$27M
1.92%
+3423.1%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
516,111
$26M
1.83%
+59.9%
Reported 13F long positions as filed for 2026-Q1 (change vs 2025-Q4). 13F covers US-listed long equity only — the sum is a LOWER BOUND on institutional ownership, never a total.
Latest reported quarterslast report 2026-05-04
Period end
Reported
EPS
EPS YoY
Revenue
Rev YoY
2026-03-31
2026-05-04
$1.02
−1.0%
$69.0M
−3.8%
2025-12-31
2026-02-23
—
—
$66.7M
−13.1%
2025-09-30
2025-11-04
$0.97
−29.2%
$64.7M
−15.5%
2025-06-30
2025-08-07
$0.86
−40.3%
$62.9M
−21.2%
EPS and revenue as reported in this filer's own XBRL — our extraction of the filings, not a vendor consensus feed, and never a beat/miss claim (we carry no estimates). YoY compares the same fiscal quarter a year earlier. Next report 2026-08-03 is ESTIMATED from filing cadence (median gap 91d) — not company-confirmed.
Basis & disclosures
End-of-day only. Every price on this sheet is a stored CLOSE — the last one is 2026-07-29. Nothing here is live, intraday or delayed-real-time, and the sheet does not update after it is printed.
Nothing is imputed. A figure that is not in the underlying filing or feed renders as “—”. We never fill a gap with an estimate, a peer median or a carried-forward value.
Mixed as-of dates by design. Prices are at the last close; fundamentals are at the latest reported fiscal period; 13F ownership is at the latest filed quarter (45+ days in arrears); short interest is the latest FINRA settlement. Each block states its own basis above.
Not investment advice. Model fair values, reverse-DCF grades and confidence labels are the output of published, disclosed methods on public filings — they are analysis, not a recommendation, a price target or a solicitation.
Fundamentals and ownership derive from SEC EDGAR (and equivalent foreign registers); prices from a licensed end-of-day vendor, shown under a neutral source label. Full methodology at spzco.com/methodology.
Earnings (TTM)$120.0M
ROE6.2%
Net margin44.5%
Debt / equity0.21×
Total debt / EBITDA1.99×
EPS growth 3Y−10.7%
Sales growth 3Y−1.3%
Screener basis: ratios from the latest reported fiscal year; Sales/Earnings are trailing twelve months in the reporting currency (USD). The P/E is a trailing FULL-YEAR P/E, not TTM. Missing lines are absent from the filings, never imputed.
