Innovative Industrial Properties, Inc. (IIPR)
| Market Cap | 1.49B |
| Revenue (ttm) | 276.04M |
| Net Income (ttm) | 120.38M |
| Shares Out | 28.02M |
| EPS (ttm) | 4.24 |
| PE Ratio | 12.55 |
| Forward PE | 12.96 |
| Dividend | $7.60 (14.30%) |
| Ex-Dividend Date | Dec 31, 2025 |
| Volume | 1,305,979 |
| Open | 56.65 |
| Previous Close | 56.37 |
| Day's Range | 52.74 - 56.68 |
| 52-Week Range | 44.58 - 99.23 |
| Beta | 1.52 |
| Analysts | Hold |
| Price Target | 88.50 (+66.51%) |
| 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 and life science real estate. [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 7 analysts, the average rating for IIPR stock is "Hold." The 12-month stock price target is $88.5, which is an increase of 66.51% from the latest price.
News
Innovative Industrial Properties: Without AFFO Growth, It May Just Become A Value Trap (Rating Downgrade)
Innovative Industrial Properties faces deteriorating financials and an unsustainable dividend, prompting a downgrade from Buy to Hold. IIPR's current dividend payout exceeds free cash flow, making a s...
Cannabis REIT Innovative Industrial Is A Great Option For Investing In The Sector
Innovative Industrial Properties remains a Strong Buy due to its deeply discounted valuation and resilient balance sheet, despite sector headwinds. IIPR trades at just 0.74x tangible book and 7.4x AFF...
Innovative Industrial Properties Declares Fourth Quarter 2025 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 fourth quarter 2025 dividend of $1.9...
Innovative Industrial Properties: Why I'm Buying One Of The Most Mispriced REITs In Today's Market
Innovative Industrial Properties (IIPR) offers a compelling REIT opportunity, trading at a steep discount to intrinsic value with robust financial strength. IIPR's Q3 saw an AFFO decline due to tenant...
Innovative Industrial Properties: Falling Knife Buy Thesis - Compelling Dividend/Upside Story
IIPR's headwinds remain elevated, attributed to its growing tenant default issues despite the sequential improvements in its FQ3'25 rental revenues. The management's choice to sustain its dividends de...
Cannabis REITs to Watch This December
Ancillary cannabis companies remain a fascinating part of the industry because they help it operate without touching the plant. These companies supply real estate, financing, or essential services. Be...
3 Top Marijuana Stocks To Watch In Today's Stock Market
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Three Leading Ancillary Cannabis Stocks Poised for Growth in November 2025
The ancillary cannabis sector continues to draw new interest as the industry navigates a shifting landscape in late 2025. Many investors remain cautious about traditional plant-touching companies beca...
Innovative Industrial Properties: Shareholders Hold On To Hope Of No Dividend Cut
Innovative Industrial Properties has fallen by around 54% from its 1-year high as shareholders, skittish about a dividend cut, have fled the common shares. The REIT has seen its dividend yield sell to...
Cannabis REITs and Financing Firms to Consider in November 2025
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Innovative Industrial: 14% Yield Backed By Low Leverage And Regulatory Catalyst
Innovative Industrial Properties offers a compelling 14% dividend yield, supported by a conservatively leveraged balance sheet and net lease model. IIPR faces ongoing tenant struggles and sector headw...
3 Top Marijuana Stocks For Better Investing And Larger Profits In 2026
The continuous evolution and future outlook on legal cannabis is what keeps investors in the game. After a long battle to see any true stable trading momentum, it has for some time worked the same for...
Revisiting The Credit Quality Of Innovative Industrial Properties
Innovative Industrial Properties specializes in leasing properties to regulated cannabis operators, offering a unique REIT investment profile. IIPR.PR.A preferred stock stands out with a 9% yield, out...
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
The U.S. cannabis industry continues to expand rapidly, with sales projected to surpass $40 billion in 2025. Analysts expect nationwide revenue could exceed $70 billion by 2030 as more states legalize...
When The AI Hype Train Slows: 2 Smart Money Plays For Solid Returns
Schwab U.S. Dividend Equity ETF™ and PepsiCo, Inc. are positioned to benefit as market enthusiasm for AI normalizes and investors seek reliable dividend payers. SCHD offers a 3.86% yield, low expense ...
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'
In most US industries, banks help businesses finance their buildings. The lenders also provide working lines of capital for the operations to grow.
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...
