Innovative Industrial Properties, Inc. (IIPR)
| Market Cap | 1.42B |
| Revenue (ttm) | 276.04M |
| Net Income (ttm) | 120.38M |
| Shares Out | 28.02M |
| EPS (ttm) | 4.24 |
| PE Ratio | 11.95 |
| Forward PE | 12.34 |
| Dividend | $7.60 (15.02%) |
| Ex-Dividend Date | Dec 31, 2025 |
| Volume | 263,824 |
| Open | 50.20 |
| Previous Close | 49.86 |
| Day's Range | 49.46 - 50.83 |
| 52-Week Range | 44.58 - 75.71 |
| Beta | 1.48 |
| Analysts | Hold |
| Price Target | 74.67 (+47.57%) |
| Earnings Date | Feb 18, 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. [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 5 analysts, the average rating for IIPR stock is "Hold." The 12-month stock price target is $74.67, which is an increase of 47.57% from the latest price.
News
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Innovative Industrial: Cannabis Rescheduling Changes Everything - 16% Yield Is A Conviction Buy
Innovative Industrial Properties is upgraded to a conviction buy as imminent cannabis rescheduling could dramatically improve tenant fundamentals and stock valuation. IIPR's 16% dividend yield appears...
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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...
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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
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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...
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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...