Is IIPR or MLP more undervalued in 2026?

CirclFi compares Innovative Industrial Propertie (IIPR) and Maui Land & Pineapple Company, (MLP) using 13 institutional-grade valuation models. IIPR has a Quality of Company score of 8.4/10 while MLP scores 6.6/10.

Which is a better buy — IIPR or MLP?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do IIPR and MLP valuations compare?

IIPR at $57.99 and MLP at $16.93 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

IIPR vs MLP Valuation Comparison 2026 — Intrinsic Value Analysis

IIPR

Real Estate

Innovative Industrial Propertie

Quality

8.4

out of 10

Value Trap

SAFE

Price

$57.99

Last close

Models

12/13

Active

MLP

Real Estate

Maui Land & Pineapple Company,

Quality

6.6

out of 10

Value Trap

SAFE

Price

$16.93

Last close

Models

9/13

Active

Model-by-Model Comparison

Model	Type	IIPR Fair Value	IIPR Upside	MLP Fair Value	MLP Upside
Bayesian DCF	Intrinsic	$131.22	+126.3%	$3.28	-80.7%
Earnings Power Value	Intrinsic	$14.64	-74.8%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$34.47	-40.6%	$1.77	-89.5%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for IIPR vs MLP — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

IIPR vs MLP — Which Stock Is More Undervalued?

IIPR scores higher with a 8.4/10 quality rating vs MLP's 6.6/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Innovative Industrial Propertie (IIPR) and Maui Land & Pineapple Company, (MLP) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

IIPR currently trades at $57.99 with a QOC of 8.4/10, while MLP trades at $16.93 with a QOC of 6.6/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).