COMPARE · Data as of August 27, 2026
IIPR vs TRNO
Verdict: Side-by-side breakdown using the Bull Rankings model. IIPR scored 64.0, TRNO scored 74.0 — TRNO leads.
Compare another set
IIPR
Innovative Industrial Properties, Inc.
68.2Fin
$56.42 · $1.6B
fundamentals as of
Strength gap
4.4
TRNO leads
TRNO
Terreno Realty Corporation
72.6Fin
$67.11 · $7.3B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
- Fastest growthTRNO+24.5%
- Strongest balance sheetTRNO0.21
Side by side · every name on one set of axes
Fundamentals, head-to-head
IIPR
TRNO
13.3%C+
Yield
3.4%B
-13.8%D
Rev
+24.5%A-
0.33A
D/E
0.21A
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
The companies
IIPRInnovative Industrial Properties, Inc.
Why now
REIT - Industrial · market cap $1.6b. 14% off the 52-week high of $65.38. Revenue -14% — in contraction; any catalyst that reverses this triggers re-rating. 4 sell-side analysts rate this a Hold with a mean 1-yr target of $64.50 (implying +14% upside).
Moat
Net margin 52% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma.
Risk
Revenue contracting -14% — the operational turn is not yet visible in the top line. Beta 1.40 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Dividend payout 172% of earnings on a 13.3% yield — distribution coverage is thin; one earnings stumble could force a dividend cut.
TRNOTerreno Realty Corporation
Why now
REIT - Industrial · market cap $7.3b. 15% off the 52-week high of $78.94. Revenue growing +25%, comfortably above the S&P median. 17 sell-side analysts rate this a Buy with a mean 1-yr target of $73.76 (implying +10% upside).
Moat
Net margin 77% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma.
Risk
P/S 14.5x embeds aggressive forward growth — disappointing top-line guidance would compress the multiple hard.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
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