Innovative Industrial Properties, Inc. (IIPR)
| Market Cap | 1.56B |
| Revenue (ttm) | 287.88M |
| Net Income (ttm) | 131.91M |
| Shares Out | 28.02M |
| EPS (ttm) | 4.63 |
| PE Ratio | 12.00 |
| Forward PE | 14.87 |
| Dividend | $7.60 (13.67%) |
| Ex-Dividend Date | Sep 30, 2025 |
| Volume | 68,632 |
| Open | 56.50 |
| Previous Close | 56.46 |
| Day's Range | 55.56 - 56.80 |
| 52-Week Range | 45.44 - 136.81 |
| Beta | 1.66 |
| Analysts | Hold |
| Price Target | 88.75 (+59.59%) |
| Earnings Date | Nov 5, 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 leased to experienced, state-licensed operators for their regulated cannabis facilities. [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 8 analysts, the average rating for IIPR stock is "Hold." The 12-month stock price target is $88.75, which is an increase of 59.59% from the latest price.
News
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...
Innovative Industrial Properties Declares Third Quarter 2025 Dividends
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”), the first and only real estate company on the New York Stock Exchange focused on the regulated...
Innovative Industrial: Buy The 13% Yield And Its 9% Preferred Stock Ahead Of Potential Cannabis Rescheduling
IIPR faces near-term volatility due to tenant defaults, but its exceptionally low leverage provides critical downside protection and flexibility. A potential rescheduling of cannabis is a major cataly...
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The Dow Jones Equity All REIT index grew 0.59% during the recent week, while the MSCI US REIT index increased 0.71%. The healthcare REIT index was the sole Dow Jones US real estate sector property ind...
Innovative Industrial Properties: What If The Real Estate Value Plummets?
IIPR's preferred shares and 2026 bonds offer 8-9% yields with lower risk than common shares, thanks to their seniority in the capital stack. The company's robust $2.15B real estate portfolio and $100M...
Innovative Industrial Properties: Life Science Pivot, Rescheduling Progress, And Tenant Changes
Innovative Industrial Properties is currently not covering its 14.3% dividend yield to its common shareholders. The PharmaCann rent default is still being resolved as the industry faces a possible ste...
Cannabis REIT IIPR Trades At A Very Low Valuation
IIPR's stock has plunged, but I see this as a fantastic opportunity to buy a high-yielding REIT with a strong balance sheet and management. Despite cannabis industry headwinds and tenant defaults, IIP...
Innovative Industrial Properties, Inc. (IIPR) Q2 2025 Earnings Call Transcript
Innovative Industrial Properties, Inc. (NYSE:IIPR) Q2 2025 Earnings Conference Call August 7, 2025 12:00 PM ET Company Participants Alan D. Gold - Executive Chairman Ben Regin - Chief Investment Offi...
Innovative Industrial Properties Announces Strategic and Diversifying $270 Million Investment in Life Science Real Estate Platform
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”), announced today that it entered into agreements to make an investment totaling up to $270 mill...
Innovative Industrial Properties Reports Second Quarter 2025 Results
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company"), the first and only real estate company on the New York Stock Exchange focused on the regulated...
Innovative Industrial Properties Announces Second Quarter 2025
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it will report its second quarter 2025 results after the close of trading on the New York Stock Ex...
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The U.S. cannabis industry continues its rapid expansion. In 2025, the legal market is projected to reach nearly $45 billion. Its total economic impact may exceed $120 billion by year-end. Recreationa...
Innovative Industrial Properties Is A Cautious Buy
IIPR remains risky but attractive for cannabis investors after a major price drop, offering deep value compared to peers despite ongoing tenant and industry challenges. Recent financials show declinin...
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Innovative Industrial's Preferred Got Interesting
IIPR has significant tenant troubles ahead. The common remains troubled, but the preferred is better positioned. With so much equity beneath it, the preferred looks reliable and offers high yield.