Innovative Industrial Properties, Inc. (IIPR)
| Market Cap | 1.63B +12.8% |
| Revenue (ttm) | 263.65M -8.4% |
| Net Income | 126.20M +0.3% |
| EPS | 4.43 -4.5% |
| Shares Out | 27.57M |
| PE Ratio | 13.37 |
| Forward PE | 13.05 |
| Dividend | $7.60 (12.85%) |
| Ex-Dividend Date | Jun 30, 2026 |
| Volume | 237,914 |
| Open | 58.62 |
| Previous Close | 58.35 |
| Day's Range | 58.53 - 59.55 |
| 52-Week Range | 44.58 - 65.38 |
| Beta | 1.40 |
| Analysts | Hold |
| Price Target | 63.25 (+6.91%) |
| Earnings Date | Aug 3, 2026 |
About IIPR
Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties and life science real estate. Innovative Industrial Properties, Inc. was incorporated on June 15th 2016 in Maryland and is based in San Diego, California.
Financial Performance
In 2025, IIPR's revenue was $265.96 million, a decrease of -13.80% compared to the previous year's $308.52 million. Earnings were $111.45 million, a decrease of -29.29%.
Financial StatementsAnalyst Summary
According to 6 analysts, the average rating for IIPR stock is "Hold." The 12-month stock price target is $63.25, which is an increase of 6.91% from the latest price.
News
Innovative Industrial Properties Earnings Call Transcript: Q2 2026
Q2 2026 saw strong execution in leasing, capital markets, and portfolio diversification, with $63.3 million in revenue and $53 million AFFO. The balance sheet was fortified through major financings and stock repurchases, while life sciences and cannabis segments both showed growth opportunities.
Innovative Industrial Properties Earnings release: Q2 2026
Innovative Industrial Properties released its Q2 2026 earnings on August 4, 2026, summarizing the period's financial results.
Innovative Industrial Properties Slides: Q2 2026
Innovative Industrial Properties has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 4, 2026.
Innovative Industrial Properties Quarterly report: Q2 2026
Innovative Industrial Properties has published its Q2 2026 quarterly earnings report on August 4, 2026.
Innovative Industrial Properties reports Q2 AFFO $1.83, consensus $1.78
Reports Q2 revenue $63.3M, consensus $67.98M. “Our second quarter activity reflects the continued execution of our strategy across multiple fronts by our management team. We completed the funding of o...
Innovative Industrial Properties Reports Second Quarter 2026 Results
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today results for the second quarter ended June 30, 2026. Executive Chairman Remarks ...
Innovative Industrial Properties Slides: Investor presentation
Innovative Industrial Properties has posted slides in relation to its latest quarterly earnings report, which was published on August 1, 2026.
Innovative Industrial Properties price target raised to $51 from $45 at Piper Sandler
Piper Sandler raised the firm’s price target on Innovative Industrial Properties (IIPR) to $51 from $45 and keeps an Underweight rating on the shares ahead of quarterly results. Lack of…
Innovative Industrial Properties Announces Second Quarter 2026 Earnings Release Date and Conference Call
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it will report its second quarter 2026 results after the close of trading on the New York Stock Ex...
Innovative Industrial Properties Declares Second Quarter 2026 Dividends
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”) announced today that its board of directors has declared a second quarter 2026 dividend of $1.9...
Innovative Industrial Properties prices upsized private offering of senior notes
Innovative Industrial Properties (IIPR) announced the pricing of a private offering of $350M aggregate principal amount of 6.0% exchangeable senior notes due 2029 of its operating partnership, IIP Ope...
Innovative Industrial Properties Prices Upsized Private Offering of Exchangeable Senior Notes Due 2029
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today the pricing of a private offering of $350.0 million aggregate principal amount of 6.0% e...
Innovative Industrial Properties Announces Launch of $250.0 Million Exchangeable Senior Notes Offering
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today that its operating partnership, IIP Operating Partnership, LP (the “Operating Partnershi...
Innovative Industrial Properties Announces Full Repayment of $282 Million of Senior Notes
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it has fully repaid its outstanding $282 million of 5.50% Senior Notes Due May 2026, satisfying a ...
Cannabis REITs Gaining Momentum in 2026: 3 Stocks to Watch
The cannabis sector continues attracting investors in 2026. However, many traders now prefer cannabis REITs over traditional marijuana stocks. These companies offer exposure to the industry while also...
Innovative Industrial Properties Announces Closing of $45 Million in Secured Term Loans
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it has closed on four secured term loans totaling $44.9 million in gross proceeds (the “Loans”). T...
Innovative Industrial Properties Announces Closing of $56.5 Million Secured Term Loan
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it has closed on a $56.5 million secured term loan (the “Loan”). The Loan has an initial term of t...
Innovative Industrial Properties Earnings Call Transcript: Q1 2026
Q1 2026 saw revenue rise 3.5% to $69M and AFFO steady at $53.4M, with strong leasing activity and major regulatory progress for medical cannabis. Liquidity and credit metrics remain robust, and management expects further growth as refinancing and strategic investments proceed.
Innovative Industrial Properties Earnings release: Q1 2026
Innovative Industrial Properties released its Q1 2026 earnings on May 5, 2026, summarizing the period's financial results.
Innovative Industrial Properties Slides: Q1 2026
Innovative Industrial Properties has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on May 5, 2026.
Innovative Industrial Properties Quarterly report: Q1 2026
Innovative Industrial Properties has published its Q1 2026 quarterly earnings report on May 5, 2026.
Top 3 Cannabis REIT Stocks to Watch in May 2026 for High Dividend Income
The cannabis sector continues to shift in 2026. Regulatory changes remain a major catalyst. In particular, federal reform discussions are once again gaining attention. If progress happens, operators c...
Innovative Industrial Properties reports Q1 AFFO $1.88, consensus $1.87
Reports Q1 revenue $69M, consensus $66.24M. “We are encouraged by the pace of leasing activity year-to-date, including nearly 400,000 square feet of executed leases, which underscores the ongoing dema...
Innovative Industrial Properties Reports First Quarter 2026 Results
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today results for the first quarter ended March 31, 2026. Executive Chairman Remarks ...
Innovative Industrial Properties Slides: Investor presentation
Innovative Industrial Properties has posted slides in relation to its latest quarterly earnings report, which was published on May 4, 2026.