IIPR vs CBL

Comparison between Innovative Industrial Properties Inc (IIPR, Company) and CBL& Associates Properties Inc - New (CBL, Company).

Both IIPR and CBL are from the Real Estate sector.

5-Year PerformanceCBL has outperformed IIPR, delivering a return of +23.0% compared to -14.7%

IIPR vs CBL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IIPR(COMPANY)	CBL(COMPANY)
Market Cap	$1.77B	$1.76B
Max Drawdown	84.42%	39.44%
Sharpe Ratio	0.74	2.76
5Y Beta	0.69	0.70
Industry	Reit - Industrial	Reit - Retail
P/E Ratio	14.60	10.06
Forward P/E	15.04	N/A
PEG Ratio	0.00	0.06
Dividend Yield	12.00%	3.15%
5Y Dividends CAGR	13.12%	N/A
5Y EPS CAGR	3.72%	N/A
Debt to Equity	0.00%	1050.70%
Free Cash Flow Yield	11.33%	15.38%
P/S Ratio	6.97	2.94
P/B Ratio	1.04	4.32

Market Cap

Winner

IIPR

$1.77B

CBL

$1.76B

Max Drawdown

IIPR

84.42%

Winner

CBL

39.44%

Sharpe Ratio

IIPR

0.74

Winner

CBL

2.76

5Y Beta

Winner

IIPR

0.69

CBL

0.70

Industry

IIPR

Reit - Industrial

CBL

Reit - Retail

P/E Ratio

IIPR

14.60

Winner

CBL

10.06

Forward P/E

IIPR

15.04

CBL

N/A

PEG Ratio

Winner

IIPR

0.00

CBL

0.06

Dividend Yield

Winner

IIPR

12.00%

CBL

3.15%

5Y Dividends CAGR

IIPR

13.12%

CBL

N/A

5Y EPS CAGR

IIPR

3.72%

CBL

N/A

Debt to Equity

Winner

IIPR

0.00%

CBL

1050.70%

Free Cash Flow Yield

IIPR

11.33%

Winner

CBL

15.38%

P/S Ratio

IIPR

6.97

Winner

CBL

2.94

P/B Ratio

Winner

IIPR

1.04

CBL

4.32

IIPR vs CBL - Historical Returns

Returns include dividend reinvestment.

Period	IIPR	CBL
1 month	+4.10%	+11.84%
3 months	+19.13%	+25.97%
6 months	+32.00%	+61.68%
1 year	+28.74%	+114.53%
5 years(CAGR)	-14.66%	+22.96%
10 years(CAGR)	+19.90%	N/A
Max(CAGR)	+19.90%	+22.96%

IIPR

+4.10%

Winner

CBL

+11.84%

IIPR

+19.13%

Winner

CBL

+25.97%

IIPR

+32.00%

Winner

CBL

+61.68%

IIPR

+28.74%

Winner

CBL

+114.53%

5Y(CAGR)

IIPR

-14.66%

Winner

CBL

+22.96%

10Y(CAGR)

IIPR

+19.90%

CBL

N/A

Max(CAGR)

IIPR

+19.90%

Winner

CBL

+22.96%

IIPR vs CBL - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	IIPR	CBL
2026	+32.48%	+56.07%
2025	-19.45%	+35.33%
2024	-28.90%	+25.95%
2023	+12.26%	+12.62%
2022	-56.68%	-14.58%
2021	+52.15%	+4.00%
2020	+158.90%	N/A
2019	+70.62%	N/A
2018	+27.13%	N/A
2017	+77.27%	N/A
2016	-5.01%	N/A

IIPR vs CBL Drawdown Comparison

The maximum drawdown for IIPR was -78.34%, occurring on Aug 8, 2025. This drawdown has not yet recovered.

The maximum drawdown for CBL was -34.02%, occurring on May 10, 2022. Recovery took 638 trading sessions.

The current IIPR drawdown is -66.63%. The current CBL drawdown is -1.56%.

Rank	IIPR	CBL
#1	-78.34% Nov 15, 2021 - Aug 8, 2025	-34.02% Apr 1, 2022 - Oct 16, 2024
#2	-65.46% Jul 11, 2019 - Oct 9, 2020	-29.03% Feb 14, 2025 - Aug 22, 2025
#3	-33.22% Jan 2, 2018 - May 25, 2018	-18.71% Nov 5, 2021 - Mar 28, 2022
#4	-24.76% Feb 24, 2021 - Aug 6, 2021	-12.31% Sep 11, 2025 - Nov 7, 2025
#5	-21.36% Jan 5, 2017 - Oct 25, 2017	-11.40% Dec 4, 2024 - Feb 13, 2025
#6	-20.75% Nov 23, 2018 - Jan 17, 2019	-10.58% Dec 18, 2025 - Feb 20, 2026
#7	-19.58% Dec 1, 2016 - Jan 5, 2017	-6.48% Jul 1, 2026 - Jul 20, 2026
#8	-16.79% Jun 11, 2018 - Aug 24, 2018	-5.16% Oct 22, 2024 - Nov 6, 2024
#9	-16.65% Sep 28, 2018 - Nov 16, 2018	-4.95% Jun 12, 2026 - Jun 23, 2026
#10	-14.18% Mar 21, 2019 - Jun 5, 2019	-4.05% Apr 27, 2026 - May 8, 2026
#11	-14.10% Oct 13, 2020 - Nov 5, 2020	-3.43% Mar 10, 2026 - Mar 19, 2026
#12	-12.87% Feb 27, 2019 - Mar 15, 2019	-3.29% May 8, 2026 - May 20, 2026
#13	-12.76% Jun 20, 2019 - Jul 11, 2019	-3.11% Nov 7, 2025 - Nov 21, 2025
#14	-11.21% Dec 22, 2020 - Jan 21, 2021	-2.90% Feb 20, 2026 - Mar 10, 2026
#15	-9.44% Sep 3, 2021 - Oct 20, 2021	-2.76% Mar 19, 2026 - Mar 30, 2026