Innovative Industrial Properties (NYSE:IIPR) vs. WPT Industrial Real Estate Investment Trust (OTCMKTS:WPTIF) Critical Review

Innovative Industrial Properties (NYSE:IIPR) and WPT Industrial Real Estate Investment Trust (OTCMKTS:WPTIF) are both real estate companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, dividends, earnings, risk, analyst recommendations, valuation and profitability.

Institutional and Insider Ownership

70.6% of Innovative Industrial Properties shares are owned by institutional investors. 2.3% of Innovative Industrial Properties shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Analyst Recommendations

This is a summary of recent ratings and recommmendations for Innovative Industrial Properties and WPT Industrial Real Estate Investment Trust, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Innovative Industrial Properties	1	3	0	0	1.75
WPT Industrial Real Estate Investment Trust	0	0	0	0	0.00

Innovative Industrial Properties currently has a consensus target price of $48.00, suggesting a potential downside of 15.69%. Given Innovative Industrial Properties’ stronger consensus rating and higher probable upside, equities analysts clearly believe Innovative Industrial Properties is more favorable than WPT Industrial Real Estate Investment Trust.

Valuation and Earnings

This table compares Innovative Industrial Properties and WPT Industrial Real Estate Investment Trust”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Innovative Industrial Properties	$263.65 million	5.95	$118.25 million	$4.41	12.91
WPT Industrial Real Estate Investment Trust	N/A	N/A	N/A	N/A	N/A

Innovative Industrial Properties has higher revenue and earnings than WPT Industrial Real Estate Investment Trust.

Profitability

This table compares Innovative Industrial Properties and WPT Industrial Real Estate Investment Trust’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Innovative Industrial Properties	52.27%	7.73%	5.69%
WPT Industrial Real Estate Investment Trust	N/A	N/A	N/A

Summary

Innovative Industrial Properties beats WPT Industrial Real Estate Investment Trust on 8 of the 8 factors compared between the two stocks.

About Innovative Industrial Properties

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.

About WPT Industrial Real Estate Investment Trust

WPT Industrial Real Estate Investment Trust engages in the acquisition, development, and owning industrial investment properties. It focuses on the warehouse and distribution properties. The company was founded on March 4, 2013 and is headquartered in Toronto, Canada.