Innovative Industrial Properties, Inc. (IIPR)
| Market Cap | 1.60B +5.7% |
| Revenue (ttm) | 263.23M -13.6% |
| Net Income | 111.07M -21.7% |
| EPS | 3.93 -24.3% |
| Shares Out | 28.77M |
| PE Ratio | 14.19 |
| Forward PE | 12.65 |
| Dividend | $7.60 (13.63%) |
| Ex-Dividend Date | Mar 31, 2026 |
| Volume | 211,578 |
| Open | 56.49 |
| Previous Close | 56.49 |
| Day's Range | 55.39 - 56.80 |
| 52-Week Range | 44.58 - 61.40 |
| Beta | 1.45 |
| Analysts | Hold |
| Price Target | 45.00 (-19.3%) |
| Earnings Date | May 4, 2026 |
About IIPR
Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties and life science real estate. Innovative Industrial Properties, Inc. was incorporated on June 15th 2016 in Maryland, USA.
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 3 analysts, the average rating for IIPR stock is "Hold." The 12-month stock price target is $45.0, which is a decrease of -19.30% from the latest price.
News
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...
Innovative Industrial Properties Earnings Call Transcript: Q1 2026
Q1 2026 saw revenue rise 3.5% to $69M and AFFO steady at $53.4M, with strong leasing activity and major regulatory progress for medical cannabis. Liquidity and credit metrics remain robust, and management expects further growth as refinancing and strategic investments proceed.
Top 3 Cannabis REIT Stocks to Watch in May 2026 for High Dividend Income
The cannabis sector continues to shift in 2026. Regulatory changes remain a major catalyst. In particular, federal reform discussions are once again gaining attention. If progress happens, operators c...
Innovative Industrial Properties reports Q1 AFFO $1.88, consensus $1.87
Reports Q1 revenue $69M, consensus $66.24M. “We are encouraged by the pace of leasing activity year-to-date, including nearly 400,000 square feet of executed leases, which underscores the ongoing dema...
Innovative Industrial Properties Reports First Quarter 2026 Results
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today results for the first quarter ended March 31, 2026. Executive Chairman Remarks ...
Options Volatility and Implied Earnings Moves Today, May 04, 2026
Today, several major companies are expected to report earnings: ON Semiconductor (ON), Transocean (RIG), Vertex Pharmaceuticals (VRTX), Diamondback (FANG), Norwegian Cruise Line (NCLH), Innovative Ind...
Innovative Industrial Properties Announces First 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 first quarter 2026 results after the close of trading on the New York Stock Exc...
3 Cannabis REITs Positioned for Growth in 2026
The cannabis sector continues evolving in 2026, and REITs are gaining attention again. These companies offer exposure without directly selling cannabis. Instead, they generate income through leasing a...
Best Cannabis REITs and Lenders to Watch This April 2026
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Top 3 Cannabis REITs to Watch in March 2026 for High Dividend Income
The cannabis sector continues evolving as new catalysts reshape long-term growth expectations. Federal rescheduling discussions remain a major driver for the industry. In fact, potential policy change...
Innovative Industrial announces PharmaCann resolution, portfolio update
Innovative Industrial Properties (IIPR) announced the following portfolio updates, including the execution of 122,000 square feet of new leases in March 2026, as the Company continues to execute on it...
Innovative Industrial Properties Announces PharmaCann Resolution and Provides Portfolio Update
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”) announced today the following portfolio updates, including the execution of 122,000 square feet...
Innovative Industrial Properties Declares First 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 first quarter 2026 dividend of $1.90...
Innovative Industrial Properties upgraded to Neutral from Sell at Compass Point
Compass Point analyst Merrill Ross upgraded Innovative Industrial Properties (IIPR) to Neutral from Sell with an unchanged price target of $45.
High-Yield Cannabis REITs to Watch in March 2026
The cannabis sector continues to evolve in early 2026. However, volatility remains a defining feature. Multi-state operators still face pricing pressure. At the same time, capital remains tight across...
Innovative Industrial price target raised to $55 from $50 at Alliance Global
Alliance Global analyst Aaron Grey raised the firm’s price target on Innovative Industrial Properties (IIPR) to $55 from $50 and keeps a Neutral rating on the shares. The firm cites…
Innovative Industrial Properties price target raised to $45 from $44 at Piper Sandler
Piper Sandler raised the firm’s price target on Innovative Industrial Properties (IIPR) to $45 from $44 and keeps an Underweight rating on the shares. Tuesday’s earnings call laid out the…
Innovative Industrial Properties Earnings Call Transcript: Q4 2025
2025 saw strong operational execution, robust liquidity, and strategic investments, with significant progress re-tenanting non-performing assets and expanding in both cannabis and life science sectors. AFFO and revenues improved, and regulatory developments are expected to further support growth.
Innovative Industrial Properties reports Q4 FFO $1.88, consensus $1.81
Reports Q4 revenue $66.7M, consensus $65.9M. “During 2025, we made significant progress executing on our strategy to diversify the Company’s portfolio, strengthen our balance sheet, and actively resol...
Innovative Industrial Properties Reports Fourth Quarter and Full Year 2025 Results
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today results for the fourth quarter and full year ended December 31, 2025. Executive...
Cannabis REITs and Lenders to Watch as the Industry Stabilizes
The U.S. cannabis industry continues to evolve in 2026. Although operators face margin pressure, the long-term outlook remains compelling. Industry sales are projected to exceed $40 billion in the com...
Innovative Industrial Properties Announces Fourth 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 fourth quarter 2025 results after the close of trading on the New York Stock Ex...
3 Cannabis REIT Stocks Offering Income Potential in Q1 2026
The cannabis industry continues to evolve as legalization expands and regulations slowly improve. While many investors focus on plant-touching companies, others prefer lower-risk exposure. This is whe...
Innovative Industrial Properties Announces Tax Treatment of 2025 Distributions
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) today announced the tax treatment of its 2025 distributions as follows: Security Description: Common Stock CUSIP: ...