Reviewing FIBRA Macquarie México (OTCMKTS:DBMBF) and Innovative Industrial Properties (NYSE:IIPR)

FIBRA Macquarie México (OTCMKTS:DBMBF) and Innovative Industrial Properties (NYSE:IIPR) are both real estate companies, but which is the better business? We will compare the two companies based on the strength of their analyst recommendations, risk, institutional ownership, valuation, dividends, earnings and profitability.

Profitability

This table compares FIBRA Macquarie México and Innovative Industrial Properties’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
FIBRA Macquarie México	N/A	N/A	N/A
Innovative Industrial Properties	54.95%	8.30%	6.69%

Valuation and Earnings

This table compares FIBRA Macquarie México and Innovative Industrial Properties’ revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
FIBRA Macquarie México	N/A	N/A	N/A	$0.65	2.77
Innovative Industrial Properties	$276.36 million	7.98	$154.39 million	$5.65	13.92

Innovative Industrial Properties has higher revenue and earnings than FIBRA Macquarie México. FIBRA Macquarie México is trading at a lower price-to-earnings ratio than Innovative Industrial Properties, indicating that it is currently the more affordable of the two stocks.

Insider and Institutional Ownership

25.2% of FIBRA Macquarie México shares are owned by institutional investors. Comparatively, 69.5% of Innovative Industrial Properties shares are owned by institutional investors. 1.4% of Innovative Industrial Properties shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Analyst Recommendations

This is a summary of recent ratings and target prices for FIBRA Macquarie México and Innovative Industrial Properties, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
FIBRA Macquarie México	0	0	0	0	N/A
Innovative Industrial Properties	0	3	2	0	2.40

Innovative Industrial Properties has a consensus target price of $121.80, suggesting a potential upside of 54.84%. Given Innovative Industrial Properties’ higher possible upside, analysts clearly believe Innovative Industrial Properties is more favorable than FIBRA Macquarie México.

Summary

Innovative Industrial Properties beats FIBRA Macquarie México on 10 of the 10 factors compared between the two stocks.

About FIBRA Macquarie México

FIBRA Macquarie México (FIBRA Macquarie) (BMV:FIBRAMQ) is a real estate investment trust (fideicomiso de inversión en bienes raíces), or FIBRA, listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores) targeting industrial, retail and office real estate opportunities in Mexico, with a primary focus on stabilized income-producing properties. FIBRA Macquarie's portfolio consists of 238 industrial properties and 17 retail properties, located in 20 cities across 16 Mexican states as of June 30, 2023. Nine of the retail properties are held through a 50/50 joint venture.

About Innovative Industrial Properties

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.