Innovative Industrial Properties, Inc. (IIPR)

Market Cap	3.35B
Revenue (ttm)	308.89M
Net Income (ttm)	162.57M
Shares Out	28.33M
EPS (ttm)	5.70
PE Ratio	20.75
Forward PE	21.45
Dividend	$7.60 (6.43%)
Ex-Dividend Date	Jun 28, 2024

Volume	129,091
Open	118.00
Previous Close	117.81
Day's Range	116.50 - 118.87
52-Week Range	69.08 - 123.80
Beta	1.40
Analysts	Hold
Price Target	99.33 (-16.02%)
Earnings Date	Jul 31, 2024

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 $164.24 million, an increase of 7.32%.

Analyst Forecast

According to 3 analysts, the average rating for IIPR stock is "Hold." The 12-month stock price forecast is $99.33, which is a decrease of -16.02% from the latest price.

Price Target

$99.33

(-16.02% downside)

Analyst Consensus: Hold