The WACC of Innovative Industrial Properties Inc (IIPR) is 7.3%.
| Range | Selected | |
| Cost of equity | 6.60% - 9.00% | 7.80% |
| Tax rate | 26.20% - 27.00% | 26.60% |
| Cost of debt | 4.60% - 6.60% | 5.60% |
| WACC | 6.2% - 8.4% | 7.3% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.6 | 0.74 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 6.60% | 9.00% |
| Tax rate | 26.20% | 27.00% |
| Debt/Equity ratio | 0.15 | 0.15 |
| Cost of debt | 4.60% | 6.60% |
| After-tax WACC | 6.2% | 8.4% |
| Selected WACC | 7.3% | |