Innovative Industrial Properties, Inc. (IIPR)

Market Cap	2.98B
Revenue (ttm)	310.93M
Net Income (ttm)	159.63M
Shares Out	28.33M
EPS (ttm)	5.61
PE Ratio	18.78
Forward PE	18.64
Dividend	$7.60 (7.22%)
Ex-Dividend Date	Sep 30, 2024

Volume	165,662
Open	106.21
Previous Close	106.20
Day's Range	103.97 - 106.55
52-Week Range	78.10 - 138.35
Beta	1.39
Analysts	Buy
Price Target	120.75 (+14.67%)
Earnings Date	Nov 6, 2024

About IIPR

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.

• Industry: REIT - Industrial
• Sector: Real Estate
• IPO Date: Dec 1, 2016
• Employees: 21
• Stock Exchange: NYSE
• Ticker Symbol: IIPR

Financial Performance

In 2023, IIPR's revenue was $309.51 million, an increase of 11.99% compared to the previous year's $276.36 million. Earnings were $162.75 million, an increase of 6.93%.

Analyst Forecast

According to 4 analysts, the average rating for IIPR stock is "Buy." The 12-month stock price forecast is $120.75, which is an increase of 14.67% from the latest price.

Price Target

$120.75

(14.67% upside)

Analyst Consensus: Buy