Forestar Group (FOR) vs Innovative Industrial Properties (IIPR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Over five years, FOR leads with a +31.7% price change compared with -78.6% for IIPR. Innovative Industrial Properties is the larger company by market cap ($1.41 billion vs $1.31 billion), about 1.1 times the size. On valuation, Forestar Group trades at a lower forward P/E (9.0x vs 11.7x for Innovative Industrial Properties).
Innovative Industrial Properties pays a dividend yielding 14.84%, while Forestar Group does not currently pay one.
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 | FOR | IIPR |
|---|---|---|
| Share price | $25.68 | $51.23 |
| Market cap | $1.31B | $1.41B |
| 1-day change | -2.39% | +1.93% |
| YTD return | +4.26% | — |
| 1-year return | -0.43% | — |
| 5-year return | +31.69% | -78.57% |
| P/E ratio (TTM) | 7.71 | 11.59 |
| Forward P/E | 9.00 | 11.67 |
| EPS (TTM) | $3.33 | $4.42 |
| Dividend yield | 0.00% | 14.84% |
| Annual dividend | $0.00 | $7.60 |
| 52-week high | $32.06 | $65.38 |
| 52-week low | $22.81 | $44.58 |
| Distance from 52-week high | -19.90% | -21.64% |
| Average volume | 145.16K | 358.35K |
| Shares outstanding | 51.02M | 27.57M |
| 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 (11.6x vs 7.7x trailing P/E).
- Innovative Industrial Properties offers a meaningfully higher dividend yield (14.84% vs 0.00%).
FOR vs IIPR FAQ
Which is bigger, Forestar Group or Innovative Industrial Properties?
Innovative Industrial Properties (IIPR) is larger, with a market capitalization of $1.41B compared with $1.31B for Forestar Group (FOR).
Which has the lower P/E ratio, FOR or IIPR?
FOR has the lower trailing P/E at 7.7, versus 11.6 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, Forestar Group or Innovative Industrial Properties?
Innovative Industrial Properties pays a dividend yielding 14.84%, while Forestar Group does not currently pay a regular dividend.
Are Forestar Group and Innovative Industrial Properties in the same industry?
Yes. Both are classified in the Real Estate industry within the Finance sector.