Innovative Industrial Properties, Inc. (IIPR)
| Market Cap | 1.54B |
| Revenue (ttm) | 287.88M |
| Net Income (ttm) | 131.91M |
| Shares Out | 28.02M |
| EPS (ttm) | 4.63 |
| PE Ratio | 11.85 |
| Forward PE | 14.49 |
| Dividend | $7.60 (14.59%) |
| Ex-Dividend Date | Jun 30, 2025 |
| Volume | 337,402 |
| Open | 52.73 |
| Previous Close | 52.10 |
| Day's Range | 52.50 - 55.50 |
| 52-Week Range | 45.44 - 138.35 |
| Beta | 1.68 |
| Analysts | Hold |
| Price Target | 88.75 (+61.6%) |
| Earnings Date | Aug 6, 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 61.60% from the latest price.
News
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Innovative Industrial Properties: What If The Real Estate Value Plummets?
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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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Innovative Industrial Properties Is A Cautious Buy
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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.
Credit Rating For The Unrated REITs (Part 9): Innovative Industrial Properties
IIPR boasts one of the strongest balance sheets in the REIT sector, with an asset coverage ratio over 800% and robust asset growth. The company's market-adjusted return on assets is an impressive 14.9...
Best Cannabis REITs for July 2025: High-Yield Picks for Income Investors
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Innovative Industrial Properties: The Series A Preferreds Are In Prime Position
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Innovative Industrial Properties: High Risk With High Return - Contrarian Buy For The Brave
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Innovative Industrial: A Dividend Cut Is Coming, Buy The 13% Yield Anyways
IIPR faces ongoing tenant struggles and a likely dividend cut, but the market is overly pessimistic given its strong balance sheet and attractive valuation. The net lease structure allows for high mar...
The Inflation That Wasn't
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Innovative Industrial Properties Declares Second Quarter 2025 Dividends
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