Cigna Corp vs Innovative Industrial Properties Inc — how do they compare? Cigna Corp trades at $273 (market cap $73.56B), while Innovative Industrial Properties Inc trades at $58.04 (market cap $1.66B). The key difference: Cigna Corp is far larger — about 44.3× Innovative Industrial Properties Inc's market cap, and Innovative Industrial Properties Inc pays the higher dividend (13.24%). Which is the better fit depends on your goals.
| CI | IIPR | |
|---|---|---|
Market Cap | $73.56B | $1.66B |
Sector | Health | Real Estate |
52-Week High | $311.00 | $64.67 |
52-Week Low | $244.41 | $44.58 |
Enterprise Value | $98.27B | $2.20B |
Dividend Yield | 2.24% | 13.24% |
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IIPR trades at $59.16, up 1.46% on the day, with a neutral technical signal and mixed earnings history. The company reported Q2 2026 revenue of $63.3M and FFO of $1.83 per share, beating estimates (Zacks, August 3, 2026). Financials show a net income margin of 52.27% for 2025, though revenue declined to $266M from $309M in 2024. The balance sheet remains solid with total assets of $2.38B and a low debt-to-asset ratio of 16.58% as of 2025.
Outlook is cautious; analyst consensus is mixed with 36% buy ratings. Key risks include tenant distress impacting cash flow and regulatory uncertainty in the cannabis sector. The stock offers a dividend yield but faces headwinds from declining revenue and high payout ratios. Investment appeal hinges on execution in life sciences and cannabis leasing growth amid competitive pressures.
Trailing returns across standard periods
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM services were greatly expanded by its 2018 merger with Express Scripts and are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, but it also operates in government programs, such as Medicare Advantage. The company operates mostly in the U.S. with 15 million medical members covered as of the end of 2020, but its services extend internationally, covering another 2 million people.
Read more on CI →Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.
Read more on IIPR →