Innovative Industrial Properties, Inc. (IIPR)

Market Cap	1.98B
Revenue (ttm)	310.93M
Net Income (ttm)	159.63M
Shares Out	28.33M
EPS (ttm)	5.61
PE Ratio	12.46
Forward PE	14.35
Dividend	$7.60 (10.88%)
Ex-Dividend Date	Dec 31, 2024

Volume	266,041
Open	68.40
Previous Close	68.11
Day's Range	68.36 - 70.52
52-Week Range	62.45 - 138.35
Beta	1.41
Analysts	Buy
Price Target	113.20 (+62.06%)
Earnings Date	Feb 24, 2025

About IIPR

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.

• Industry: REIT - Industrial
• Sector: Real Estate
• IPO Date: Dec 1, 2016
• Employees: 21
• Stock Exchange: NYSE
• Ticker Symbol: IIPR

Financial Performance

In 2023, IIPR's revenue was $309.51 million, an increase of 11.99% compared to the previous year's $276.36 million. Earnings were $162.75 million, an increase of 6.93%.

Analyst Forecast

According to 7 analysts, the average rating for IIPR stock is "Buy." The 12-month stock price forecast is $113.2, which is an increase of 62.06% from the latest price.

Price Target

$113.2

(62.06% upside)

Analyst Consensus: Buy