Compare Essex Property Trust, Inc. (ESS) vs Innovative Industrial Properties Inc (IIPR) Price & Performance
Price performance (Past 24H)
Key statistics
Key statistics
Essex Property Trust, Inc. vs Innovative Industrial Properties Inc — how do they compare? Essex Property Trust, Inc. trades at $273.46 (market cap $17.26B), while Innovative Industrial Properties Inc trades at $51.88 (market cap $1.43B). The key difference: Essex Property Trust, Inc. is far larger — about 12.1× Innovative Industrial Properties Inc's market cap, and Innovative Industrial Properties Inc pays the higher dividend (14.64%). Which is the better fit depends on your goals — on Pluang, investors hold Essex Property Trust, Inc. for 111 Days and Innovative Industrial Properties Inc for 86 Days on average.
| ESS | IIPR | |
|---|---|---|
Market Cap | $17.26B | $1.43B |
Volume | 454,464 | 394,222 |
Sector | Real Estate | Real Estate |
52-Week High | $298.33 | $64.67 |
52-Week Low | $239.61 | $44.58 |
Typical Hold Time | 111 Days | 86 Days |
Enterprise Value | $23.86B | $1.96B |
Dividend Yield | 3.86% | 14.64% |
Aura AI Summary
Signals from Pluang's Aura AI — not financial advice
Aura AI Summary
Signals from Pluang's Aura AI — not financial advice
ESS trades at $270.20, up 0.8% with mixed technical signals showing bearish moving averages but neutral oscillators. The company reported strong Q2 2026 results beating FFO guidance and raised full-year outlook, though recent earnings show volatility with two misses in the last four quarters. Revenue has grown steadily from $1.6B in 2022 to $1.9B in 2025, while profit margins remain healthy at 35.48%.
The stock presents a compelling opportunity with 18 buy ratings and consensus price target of $303.41 (12.3% upside), supported by strong operational performance and litigation resolution. Key risks include elevated valuation multiples (P/E 41.83) and debt levels, while institutional buying from BlackRock and Canada Pension Plan provides confidence in the recovery thesis.
IIPR trades at $52.36, up 2.21% today, with a bearish technical signal but oversold RSI readings. The company reported a Q2 2026 EPS beat of $1.36 versus $1.02 expected, though revenue declined to $266M in 2025. Valuation metrics appear attractive with a P/E of 11.75 and P/B of 0.83, while a recent $245 million mezzanine loan commitment signals active capital deployment.
The outlook balances a high dividend yield near 13% against tenant default risks and declining operating cash flow. Analyst consensus is mixed with a $84.67 price target, but the stock faces headwinds from sector volatility and earnings inconsistency, requiring careful risk assessment for income-focused investors.
Returns comparison
Trailing returns across standard periods
Returns comparison
Trailing returns across standard periods
Investor sentiment on Pluang
What Pluang investors did over the last 30 days
Investor sentiment on Pluang
What Pluang investors did over the last 30 days
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Top news
Latest headlines on both assets
Top news
Latest headlines on both assets
About Essex Property Trust, Inc.
Essex Property Trust owns a portfolio of 253 apartment communities with over 62,000 units and is developing three additional properties with 571 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
Read more on ESS →About Innovative Industrial Properties Inc
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 →
