Innovative Industrial Properties (IIPR) vs Marcus & Millichap (MMI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Marcus & Millichap (MMI) has outperformed Innovative Industrial Properties (IIPR) over the past year, gaining 0.6% versus a loss of 4.6%. Over five years, MMI leads with a -36.6% price change compared with -78.3% for IIPR. Innovative Industrial Properties is the larger company by market cap ($1.43 billion vs $1.07 billion), about 1.3 times the size.
On valuation, Innovative Industrial Properties trades at a lower forward P/E (11.8x vs 30.4x for Marcus & Millichap). Innovative Industrial Properties offers the higher dividend yield (14.66% vs 1.77%).
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 | IIPR | MMI |
|---|---|---|
| Share price | $51.83 | $28.24 |
| Market cap | $1.43B | $1.07B |
| 1-day change | -0.17% | -1.81% |
| YTD return | +9.63% | +3.48% |
| 1-year return | -4.58% | +0.61% |
| 5-year return | -78.28% | -36.57% |
| P/E ratio (TTM) | 11.73 | 76.32 |
| Forward P/E | 11.81 | 30.37 |
| EPS (TTM) | $4.42 | $0.37 |
| Dividend yield | 14.66% | 1.77% |
| Annual dividend | $7.60 | $0.50 |
| 52-week high | $65.38 | $33.55 |
| 52-week low | $44.58 | $24.43 |
| Distance from 52-week high | -20.72% | -15.83% |
| Analyst consensus | hold | none |
| Avg. price target upside | +24.45% | -0.85% |
| Average volume | 362.31K | 142.22K |
| Shares outstanding | 27.57M | 37.87M |
| Employees | 24 | 854 |
| 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
- Marcus & Millichap trades at a higher earnings multiple (76.3x vs 11.7x trailing P/E).
- Innovative Industrial Properties offers a meaningfully higher dividend yield (14.66% vs 1.77%).
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
About Marcus & Millichap
MMI stock →Marcus & Millichap, Inc., an investment brokerage company, provides commercial real estate investment sales, financing services, research and advisory services in the United States and Canada. The company offers research on various property types comprising multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets/financing.
Finance · Real Estate · 854 employees
IIPR vs MMI FAQ
Which is bigger, Innovative Industrial Properties or Marcus & Millichap?
Innovative Industrial Properties (IIPR) is larger, with a market capitalization of $1.43B compared with $1.07B for Marcus & Millichap (MMI).
Which stock has performed better over the past year, IIPR or MMI?
MMI returned +0.61% over the past 12 months, compared with -4.58% for IIPR (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, IIPR or MMI?
IIPR has the lower trailing P/E at 11.7, versus 76.3 for MMI. 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, Innovative Industrial Properties or Marcus & Millichap?
Innovative Industrial Properties has the higher yield at 14.66%, compared with 1.77% for Marcus & Millichap.
Are Innovative Industrial Properties and Marcus & Millichap in the same industry?
Yes. Both are classified in the Real Estate industry within the Finance sector.