The WACC of Innovative Industrial Properties Inc (IIPR) is 7.4%.
| Range | Selected | |
| Cost of equity | 6.60% - 8.90% | 7.75% |
| Tax rate | 26.20% - 27.00% | 26.60% |
| Cost of debt | 4.60% - 6.30% | 5.45% |
| WACC | 6.3% - 8.5% | 7.4% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.59 | 0.71 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 6.60% | 8.90% |
| Tax rate | 26.20% | 27.00% |
| Debt/Equity ratio | 0.1 | 0.1 |
| Cost of debt | 4.60% | 6.30% |
| After-tax WACC | 6.3% | 8.5% |
| Selected WACC | 7.4% | |