Innovative Industrial Properties, Inc. (IIPR)
| Market Cap | 1.55B |
| Revenue (ttm) | 308.52M |
| Net Income (ttm) | 157.60M |
| Shares Out | 28.33M |
| EPS (ttm) | 5.52 |
| PE Ratio | 9.92 |
| Forward PE | 13.19 |
| Dividend | $7.60 (13.87%) |
| Ex-Dividend Date | Mar 31, 2025 |
| Volume | 44,404 |
| Open | 54.93 |
| Previous Close | 55.84 |
| Day's Range | 54.80 - 54.93 |
| 52-Week Range | 45.44 - 138.35 |
| Beta | 1.63 |
| Analysts | Hold |
| Price Target | 88.75 (+61.95%) |
| Earnings Date | May 7, 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. [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 Forecast
According to 7 analysts, the average rating for IIPR stock is "Hold." The 12-month stock price forecast is $88.75, which is an increase of 61.95% from the latest price.
News
8-12% Dividend Yields From Undervalued REITs
REITs offer the highest dividend yields in a decade. Some yields as much as 12% and those dividends are rising. I present three of my favorite high-yielding REITs.
Innovative Industrial Properties' 14% Yield Comes With Great Cash Flow Risks (Rating Downgrade)
Innovative Industrial Properties has lost a great deal of its value from 52-week heights, attributed to the numerous tenant default issues and the illicit headwinds observed in the cannabis market. Th...
Top Cannabis REITs to Watch for High Dividends and Long-Term Growth in 2025
The U.S. cannabis industry continues expanding rapidly, with projections suggesting it could reach $45 billion by 2025. More states are legalizing cannabis for medical and recreational use, boosting d...
Innovative Industrial Properties, Inc. (IIPR) Announces First Quarter 2025 Earnings Release Date and Conference Call
Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it will report its first quarter 2025 results after the close of trading on the New York Stock Exchange on Wednesday, May 7, 2...
Innovative Industrial Properties Announces First 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 first quarter 2025 results after the close of trading on the New York Stock Exc...
Yields Up To 10%: REITs To Buy Right Now
REIT dividend yields are historically high. The recent crash has expanded yields up to 10%. I present two of my favorite opportunities for high income.
Innovative Industrial Properties: Dividend Investors Tread Carefully With This 14% Yield (Rating Downgrade)
Innovative Industrial Properties offers a 14% yield but faces risks, including potential dividend cuts and tenant issues, making it a cautious investment. Despite solid earnings, IIPR's financials sho...
6 Dividend Growth Stocks I'm Buying As Tariffs Crush The Economy
President Trump's tariffs are not negotiating tactics, but a protectionist move aimed at reversing globalization and boosting U.S. manufacturing, causing market selloffs. The tariffs will harm U.S. co...
Cash COWs: 11 High-Yield REITs
Now is a good time to invest in REITs due to low inflation, expected rate cuts, and a bullish technical trend. Analyst upgrades on REITs outnumber downgrades, and many quality REITs offer higher-than-...
3 Marijuana Stocks That Could Be Top Market Performers
The cannabis sector has, in a cliche way, grown from the ground up. With many hurdles, the legal market worldwide has come a long way. Yet there has been more invested interest is towards in the futur...
Innovative Industrial: Yield Jumps To 14%
Innovative Industrial: Yield Jumps To 14%
Innovative Industrial: Projecting Worst Case Outcomes And Potential Dividend Cut (Rating Upgrade)
Cannabis stocks have been rocked hard, but cannabis REITs look quite attractive here. IIPR's top tenant and three others have defaulted on lease obligations. IIPR has significantly lower leverage than...
Innovative Industrial Properties Reports Defaults by Tenants
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR), a leading real estate investment trust specializing in the regulated cannabis industry, today announced a signifi...
IIPR Lawsuit Lead Plaintiff Deadline Is March 18th- Contact the DJS Law Group to Discuss Your Rights
LOS ANGELES , March 18, 2025 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Innovative Industrial Properties, Inc. ("Innovative" or "the Company") (NYSE: IIPR) f...
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Innovative Industrial Properties
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Innovative Industrial Properties To Contact Him Directly To Discuss Their Options
Innovative Industrial Properties Declares First Quarter 2025 Dividends
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis indu...
SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Innovative Industrial Properties
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Innovative Industrial Properties To Contact Him Directly To Discuss Their Options If ...
Innovative Industrial Properties And 9% From The Preferred Stock: Safest Balance Sheet In The REIT Sector?
IIPR boasts one of the safest balance sheets in the REIT sector, with a strong buy recommendation for its preferred stock based on pure numbers and financial metrics. The company operates in the canna...
Visionary Takes the Lead in the New Energy Vehicle Field and Builds an Innovative Industrial Ecosystem
TORONTO , March 10, 2025 /PRNewswire/ -- Recently, Visionary announced that it will make a major foray into the new energy vehicle industry and build a unique integrated industrial ecosystem of "vehic...
Buy The Dip: 2 REITs Getting Way Too Cheap
Earnings season is leading to significant market volatility. The market is quick to overreact to short-term setbacks. Here are two great 'buy-the-dip' opportunities in the REIT sector.
Why I No Longer Like Innovative Industrial Properties
I exited my position in Innovative Industrial Properties due to tenant risks despite one resolution, though the stock appears potentially cheap and had a solid Q4 performance. PharmaCann's default res...
Top 3 Cannabis REITs for March 2025: Strong Dividends and Market Expansion
The U.S. cannabis industry continues to expand rapidly, with sales expected to reach $40 billion by 2025. Legalization efforts are also gaining momentum. Recently, several states have introduced bills...
Innovative Industrial Properties: An Opportunity To Start Or Add To A Position
Innovative Industrial Properties is the first REIT on NYSE focused on properties leased to licensed cannabis operators for regulated cultivation. IIPR operates as a triple net lease REIT, providing ca...
Buried Treasures: 4 Dramatically Undervalued REITs
REITs are highly attractive now due to stable or falling interest rates and low inflation, with many offering strong yields while being undervalued. This article identifies 27 REITs yielding at least ...