Innovative Industrial Properties, Inc. (IIPR)
| Market Cap | 1.41B -10.7% |
| Revenue (ttm) | 263.65M -8.4% |
| Net Income | 126.20M +0.3% |
| EPS | 4.43 -4.5% |
| Shares Out | 27.57M |
| PE Ratio | 11.58 |
| Forward PE | 13.13 |
| Dividend | $7.60 (14.84%) |
| Ex-Dividend Date | Sep 30, 2026 |
| Volume | 483,183 |
| Open | 50.10 |
| Previous Close | 50.26 |
| Day's Range | 50.10 - 51.27 |
| 52-Week Range | 44.58 - 65.38 |
| Beta | 1.42 |
| Analysts | Hold |
| Price Target | 64.50 (+25.9%) |
| Est. Earnings | Nov 2, 2026 |
About IIPR
Innovative Industrial Properties, Inc. is an internally managed real estate investment trust focused on the acquisition, ownership and management of specialized industrial properties and financial investments in the life science industry. As of June 30, 2026, we owned 108 properties comprising an aggregate of approximately 8.4 million rentable square feet in 19 states. Innovative Industrial Properties, Inc. was established on June 15th 2016 and is incorporated in Maryland.
Financial Performance
In 2025, IIPR's revenue was $265.96 million, a decrease of -13.80% compared to the previous year's $308.52 million. Earnings were $111.45 million, a decrease of -29.29%.
Financial StatementsAnalyst Summary
According to 6 analysts, the average rating for IIPR stock is "Hold." The 12-month stock price target is $64.5, which is an increase of 25.90% from the latest price.
News
Innovative Industrial Properties Announces Launch of Series B Preferred Stock Offering
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today that it has commenced a public offering of its Series B Cumulative Redeemable Preferred ...
Innovative Industrial Properties initiated with an Outperform at Huntington
Huntington initiated coverage of Innovative Industrial Properties (IIPR) with an Outperform rating and $60 price target
Innovative Industrial Properties Announces Mezzanine Loan Commitment of $245 Million for Alewife Park
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today that it entered into definitive agreements to provide $245 million under a new ...
Innovative Industrial Properties Declares Third Quarter 2026 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 third quarter 2026 dividend of $1.90...
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Innovative Industrial price target raised to $60 from $55 at Alliance Global
Alliance Global raised the firm’s price target on Innovative Industrial Properties (IIPR) to $60 from $55 and keeps a Neutral rating on the shares. The firm says the company has…
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Innovative Industrial Properties Earnings Call Transcript: Q2 2026
Q2 2026 saw strong portfolio execution, full funding of a $270M IQHQ commitment, and $63.3M in revenue, with AFFO at $53M. Balance sheet strength was enhanced by $150M in new loans and a $402.5M notes offering, while asset sales and leasing activity supported growth and diversification.
Innovative Industrial Properties Earnings release: Q2 2026
Innovative Industrial Properties released its Q2 2026 earnings on August 4, 2026, summarizing the period's financial results.
Innovative Industrial Properties Slides: Q2 2026
Innovative Industrial Properties has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 4, 2026.
Innovative Industrial Properties Quarterly report: Q2 2026
Innovative Industrial Properties has published its Q2 2026 quarterly earnings report on August 4, 2026.
Innovative Industrial Properties reports Q2 AFFO $1.83, consensus $1.78
Reports Q2 revenue $63.3M, consensus $67.98M. “Our second quarter activity reflects the continued execution of our strategy across multiple fronts by our management team. We completed the funding of o...
Innovative Industrial Properties Reports Second Quarter 2026 Results
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today results for the second quarter ended June 30, 2026. Executive Chairman Remarks ...
Innovative Industrial Properties Slides: Investor presentation
Innovative Industrial Properties has posted slides in relation to its latest quarterly earnings report, which was published on August 1, 2026.
Innovative Industrial Properties price target raised to $51 from $45 at Piper Sandler
Piper Sandler raised the firm’s price target on Innovative Industrial Properties (IIPR) to $51 from $45 and keeps an Underweight rating on the shares ahead of quarterly results. Lack of…
Innovative Industrial Properties Announces Second Quarter 2026 Earnings Release Date and Conference Call
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it will report its second quarter 2026 results after the close of trading on the New York Stock Ex...
Innovative Industrial Properties Declares Second Quarter 2026 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 second quarter 2026 dividend of $1.9...
Innovative Industrial Properties prices upsized private offering of senior notes
Innovative Industrial Properties (IIPR) announced the pricing of a private offering of $350M aggregate principal amount of 6.0% exchangeable senior notes due 2029 of its operating partnership, IIP Ope...
Innovative Industrial Properties Prices Upsized Private Offering of Exchangeable Senior Notes Due 2029
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today the pricing of a private offering of $350.0 million aggregate principal amount of 6.0% e...
Innovative Industrial Properties Announces Launch of $250.0 Million Exchangeable Senior Notes Offering
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today that its operating partnership, IIP Operating Partnership, LP (the “Operating Partnershi...
Innovative Industrial Properties Announces Full Repayment of $282 Million of Senior Notes
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it has fully repaid its outstanding $282 million of 5.50% Senior Notes Due May 2026, satisfying a ...
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Innovative Industrial Properties Announces Closing of $45 Million in Secured Term Loans
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it has closed on four secured term loans totaling $44.9 million in gross proceeds (the “Loans”). T...
Innovative Industrial Properties Announces Closing of $56.5 Million Secured Term Loan
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it has closed on a $56.5 million secured term loan (the “Loan”). The Loan has an initial term of t...