Innovative Industrial Properties, Inc. (IIPR)
| Market Cap | 1.39B |
| Revenue (ttm) | 276.04M |
| Net Income (ttm) | 120.38M |
| Shares Out | 28.02M |
| EPS (ttm) | 4.24 |
| PE Ratio | 11.69 |
| Forward PE | 12.07 |
| Dividend | $7.60 (15.35%) |
| Ex-Dividend Date | Sep 30, 2025 |
| Volume | 350,514 |
| Open | 49.09 |
| Previous Close | 48.98 |
| Day's Range | 49.00 - 50.39 |
| 52-Week Range | 44.58 - 112.17 |
| Beta | 1.52 |
| Analysts | Hold |
| Price Target | 88.50 (+78.75%) |
| Earnings Date | Nov 3, 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 and life science real estate. [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 $88.5, which is an increase of 78.75% from the latest price.
News
Three Leading Ancillary Cannabis Stocks Poised for Growth in November 2025
The ancillary cannabis sector continues to draw new interest as the industry navigates a shifting landscape in late 2025. Many investors remain cautious about traditional plant-touching companies beca...
Innovative Industrial Properties: Shareholders Hold On To Hope Of No Dividend Cut
Innovative Industrial Properties has fallen by around 54% from its 1-year high as shareholders, skittish about a dividend cut, have fled the common shares. The REIT has seen its dividend yield sell to...
Cannabis REITs and Financing Firms to Consider in November 2025
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Innovative Industrial: 14% Yield Backed By Low Leverage And Regulatory Catalyst
Innovative Industrial Properties offers a compelling 14% dividend yield, supported by a conservatively leveraged balance sheet and net lease model. IIPR faces ongoing tenant struggles and sector headw...
3 Top Marijuana Stocks For Better Investing And Larger Profits In 2026
The continuous evolution and future outlook on legal cannabis is what keeps investors in the game. After a long battle to see any true stable trading momentum, it has for some time worked the same for...
Revisiting The Credit Quality Of Innovative Industrial Properties
Innovative Industrial Properties specializes in leasing properties to regulated cannabis operators, offering a unique REIT investment profile. IIPR.PR.A preferred stock stands out with a 9% yield, out...
Innovative Industrial Properties, Inc. (IIPR) Q3 2025 Earnings Call Transcript
Innovative Industrial Properties, Inc. ( IIPR) Q3 2025 Earnings Call November 4, 2025 12:00 PM EST Company Participants Eli Kanter Alan Gold - Executive Chairman Paul Smithers - President, CEO & Dire...
Innovative Industrial Properties Reports Third Quarter 2025 Results
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today results for the third quarter ended September 30, 2025. Executive Chairman Rema...
Koa Wealth Liquidates All 68K IIPR Shares Valued at $3.8 Million
Sold 68,221 shares of Innovative Industrial Properties for an estimated $3.77 million, based on the quarterly average price in Q3 2025 Post-trade stake is zero shares, or $0 in value The position prev...
Innovative Industrial Properties: Deeply Undervalued REIT Opportunity With Double-Digit Dividends
Innovative Industrial Properties is rated a Strong Buy thanks to its robust financials, double-digit yield, and long-term growth potential despite recent stock declines. IIPR faces near-term volatilit...
Top 3 Cannabis REITs to Watch in October 2025: Dividend Income Meets Industry Growth
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Innovative Industrial Properties Announces Third 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 third quarter 2025 results after the close of trading on the New York Stock Exc...
3 Cannabis REITs Leading the Marijuana Stock Market in October 2025
The cannabis real estate sector is drawing renewed attention this week. Amid volatility in broader markets, top cannabis REITs stand out as vehicles to access cannabis industry upside without touching...
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 ...
3 Best Marijuana Stocks to Buy in October
The cannabis sector remains one of the most challenging areas to invest in successfully. The space is volatile, highly regulated, and filled with companies that have yet to demonstrate that they can p...
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...
Cash Cows: 12 High-Yield REITs With Safe Dividends
REITs are attractive now due to low inflation, expected rate cuts, and technical indicators suggesting a bullish trend with up to 40% upside. This article identifies 12 high-yield REITs (5.25%+), each...
Best Ancillary Marijuana Stocks for Investors This Week: REITs and Financing Leaders
The U.S. cannabis industry continues to show resilience despite market challenges. In 2024, sales exceeded $33 billion nationwide, and analysts project annual revenues could surpass $50 billion by 203...
Qingdao's Jiaozhou Accelerates Construction of Innovative Industrial System
QINGDAO, China, Aug. 25, 2025 (GLOBE NEWSWIRE) -- As the core area of the Shanghai Cooperation Organization (SCO) Demonstration Zone, Jiaozhou, Qingdao boasts a robust manufacturing base and a compreh...