Innovative Industrial Properties Inc vs Advanced Drainage Systems Inc — how do they compare? Innovative Industrial Properties Inc trades at $63.9 (market cap $1.87B), while Advanced Drainage Systems Inc trades at $143.04 (market cap $10.96B). The key difference: Advanced Drainage Systems Inc is far larger — about 5.9× Innovative Industrial Properties Inc's market cap, and Innovative Industrial Properties Inc pays the higher dividend (11.81%). Which is the better fit depends on your goals.
| IIPR | WMS | |
|---|---|---|
Market Cap | $1.87B | $10.96B |
Sector | Real Estate | Industrials |
52-Week High | $64.67 | $175.38 |
52-Week Low | $44.58 | $110.99 |
Enterprise Value | $2.25B | $12.53B |
Dividend Yield | 11.81% | 0.56% |
Signals from Pluang's Aura AI — not financial advice
IIPR trades at $63.25, down 1.89% today, with a bullish technical signal from moving averages. The REIT shows strong profitability with 88.46% gross margins and 45.58% net income margin, though revenue declined to $266M in 2025. Recent news highlights successful debt refinancing and upcoming Q2 2026 earnings on August 3rd, with analyst consensus leaning Hold (54.55%).
The outlook remains cautious due to revenue declines and mixed earnings performance, but strong margins and recent capital structure improvements provide stability. Key risks include cannabis sector volatility and tenant credit quality, while the 9% dividend yield offers income appeal. Wall Street sentiment is neutral with balanced risk-reward.
WMS (Advanced Drainage Systems) trades at $138.74, down 5.97% on the day, with a bearish technical signal. The company shows solid fundamentals with a 13.98% net income margin and consistent earnings beats in recent quarters, though 2025 revenue was flat at $2.90B. Recent news includes a dividend increase and upcoming Q1 FY2027 results on August 6, 2026.
The stock presents a mixed outlook. Strong profitability and a consensus price target of $184.43 suggest upside potential, but near-term headwinds include a bearish technical setup and projected earnings decline in 2026. Key risks are execution on investments and competitive pressures in the water management sector.
Trailing returns across standard periods
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 →Advanced Drainage Systems Inc is engaged in designing, manufacturing, and marketing thermoplastic corrugated pipe and related water management products in North and South America, and Europe. The company's operating segment includes Pipe
Read more on WMS →