Ellington Financial (EFC) vs Innovative Industrial Properties (IIPR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Innovative Industrial Properties (IIPR) has outperformed Ellington Financial (EFC) over the past year, losing 6.6% versus a loss of 13.8%. Over five years, EFC leads with a -36.4% price change compared with -78.6% for IIPR. Ellington Financial is the larger company by market cap ($1.53 billion vs $1.43 billion), about 1.1 times the size.
On valuation, Ellington Financial trades at a lower forward P/E (5.9x vs 11.8x for Innovative Industrial Properties). Innovative Industrial Properties offers the higher dividend yield (14.64% vs 13.40%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | EFC | IIPR |
|---|---|---|
| Share price | $11.64 | $51.92 |
| Market cap | $1.53B | $1.43B |
| 1-day change | +0.43% | +1.35% |
| YTD return | -14.65% | +8.17% |
| 1-year return | -13.83% | -6.62% |
| 5-year return | -36.42% | -78.57% |
| P/E ratio (TTM) | 7.23 | 11.75 |
| Forward P/E | 5.88 | 11.83 |
| EPS (TTM) | $1.61 | $4.42 |
| Dividend yield | 13.40% | 14.64% |
| Annual dividend | $1.56 | $7.60 |
| 52-week high | $14.12 | $65.38 |
| 52-week low | $11.28 | $44.58 |
| Distance from 52-week high | -17.56% | -20.59% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +27.66% | +24.23% |
| Average volume | 1.30M | 360.07K |
| Shares outstanding | 128.89M | 27.57M |
| Employees | 500 | 24 |
| Sector | Finance | Finance |
| Industry | Real Estate | Real Estate |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Innovative Industrial Properties trades at a higher earnings multiple (11.7x vs 7.2x trailing P/E).
- Innovative Industrial Properties offers a meaningfully higher dividend yield (14.64% vs 13.40%).
About Ellington Financial
EFC stock →Ellington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. It operates in two segments, Investment Portfolio and Longbridge.
Finance · Real Estate · 500 employees
About Innovative Industrial Properties
IIPR stock →Innovative Industrial Properties, Inc. is an internally managed real estate investment trust focused on the acquisition, ownership and management of specialized industrial properties and financial investments in the life science industry.
Finance · Real Estate · 24 employees
EFC vs IIPR FAQ
Which is bigger, Ellington Financial or Innovative Industrial Properties?
Ellington Financial (EFC) is larger, with a market capitalization of $1.53B compared with $1.43B for Innovative Industrial Properties (IIPR).
Which stock has performed better over the past year, EFC or IIPR?
IIPR returned -6.62% over the past 12 months, compared with -13.83% for EFC (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, EFC or IIPR?
EFC has the lower trailing P/E at 7.2, versus 11.7 for IIPR. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Ellington Financial or Innovative Industrial Properties?
Innovative Industrial Properties has the higher yield at 14.64%, compared with 13.40% for Ellington Financial.
Are Ellington Financial and Innovative Industrial Properties in the same industry?
Yes. Both are classified in the Real Estate industry within the Finance sector.