Innovative Industrial Properties, Inc. (IIPR)
| Market Cap | 1.48B |
| Revenue (ttm) | 276.04M |
| Net Income (ttm) | 120.94M |
| Shares Out | 28.02M |
| EPS (ttm) | 4.24 |
| PE Ratio | 12.51 |
| Forward PE | 12.95 |
| Dividend | $7.60 (14.35%) |
| Ex-Dividend Date | Sep 30, 2025 |
| Volume | 122,043 |
| Open | 50.56 |
| Previous Close | 49.76 |
| Day's Range | 50.29 - 53.20 |
| 52-Week Range | 45.44 - 134.31 |
| Beta | 1.52 |
| Analysts | Hold |
| Price Target | 88.50 (+67.04%) |
| Earnings Date | Nov 3, 2025 |
About IIPR
Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated cannabis facilities. [Read more]
Financial Performance
In 2024, IIPR's revenue was $308.52 million, a decrease of -0.32% compared to the previous year's $309.51 million. Earnings were $157.60 million, a decrease of -3.16%.
Financial StatementsAnalyst Summary
According to 8 analysts, the average rating for IIPR stock is "Hold." The 12-month stock price target is $88.5, which is an increase of 67.04% from the latest price.
News
Innovative Industrial Properties, Inc. (IIPR) Q3 2025 Earnings Call Transcript
Innovative Industrial Properties, Inc. ( IIPR) Q3 2025 Earnings Call November 4, 2025 12:00 PM EST Company Participants Eli Kanter Alan Gold - Executive Chairman Paul Smithers - President, CEO & Dire...
Innovative Industrial Properties Reports Third Quarter 2025 Results
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today results for the third quarter ended September 30, 2025. Executive Chairman Rema...
Innovative Industrial Properties: Deeply Undervalued REIT Opportunity With Double-Digit Dividends
Innovative Industrial Properties is rated a Strong Buy thanks to its robust financials, double-digit yield, and long-term growth potential despite recent stock declines. IIPR faces near-term volatilit...
Top 3 Cannabis REITs to Watch in October 2025: Dividend Income Meets Industry Growth
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Innovative Industrial Properties Announces Third Quarter 2025 Earnings Release Date and Conference Call
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it will report its third quarter 2025 results after the close of trading on the New York Stock Exc...
3 Cannabis REITs Leading the Marijuana Stock Market in October 2025
The cannabis real estate sector is drawing renewed attention this week. Amid volatility in broader markets, top cannabis REITs stand out as vehicles to access cannabis industry upside without touching...
Innovative Industrial Properties Announces New $100 Million Revolving Credit Facility to Support Strategic Growth
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”) announced today that it has closed on a new $100 million secured revolving credit facility (“Cr...
The Reputable 13.7%-Paying REIT With ‘Prohibition Pricing Power'
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Innovative Industrial Properties Announces Closing of Initial Investment Into IQHQ
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”), announced today that it has closed its initial investment into IQHQ, Inc. (“IQHQ”), a premier ...
Innovative Industrial Properties: Contrarian Buy, Capital Appreciation Prospects
IIPR's tenant default issues continue, with FQ2'25 bringing forth impacted rental collections and AFFO per share performance. Given the stable dividend per share payouts, it is unsurprising that the R...
Innovative Industrial Properties Declares Third Quarter 2025 Dividends
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”), the first and only real estate company on the New York Stock Exchange focused on the regulated...
Innovative Industrial: Buy The 13% Yield And Its 9% Preferred Stock Ahead Of Potential Cannabis Rescheduling
IIPR faces near-term volatility due to tenant defaults, but its exceptionally low leverage provides critical downside protection and flexibility. A potential rescheduling of cannabis is a major cataly...
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Innovative Industrial Properties: What If The Real Estate Value Plummets?
IIPR's preferred shares and 2026 bonds offer 8-9% yields with lower risk than common shares, thanks to their seniority in the capital stack. The company's robust $2.15B real estate portfolio and $100M...
Innovative Industrial Properties: Life Science Pivot, Rescheduling Progress, And Tenant Changes
Innovative Industrial Properties is currently not covering its 14.3% dividend yield to its common shareholders. The PharmaCann rent default is still being resolved as the industry faces a possible ste...
Cannabis REIT IIPR Trades At A Very Low Valuation
IIPR's stock has plunged, but I see this as a fantastic opportunity to buy a high-yielding REIT with a strong balance sheet and management. Despite cannabis industry headwinds and tenant defaults, IIP...
Innovative Industrial Properties, Inc. (IIPR) Q2 2025 Earnings Call Transcript
Innovative Industrial Properties, Inc. (NYSE:IIPR) Q2 2025 Earnings Conference Call August 7, 2025 12:00 PM ET Company Participants Alan D. Gold - Executive Chairman Ben Regin - Chief Investment Offi...