Innovative Industrial Properties, Inc. (IIPR)

NYSE: IIPR · Real-Time Price · USD
57.06
0.00 (0.00%)
At close: May 26, 2026, 4:00 PM EDT
57.06
0.00 (0.00%)
After-hours: May 26, 2026, 7:24 PM EDT
Market Cap1.64B +5.3%
Revenue (ttm)263.23M -13.6%
Net Income111.07M -21.7%
EPS3.93 -24.3%
Shares Out 28.77M
PE Ratio14.52
Forward PE12.95
Dividend$7.60 (13.32%)
Ex-Dividend DateMar 31, 2026
Volume341,649
Open56.84
Previous Close57.06
Day's Range55.41 - 57.31
52-Week Range44.58 - 61.40
Beta1.45
AnalystsHold
Price Target62.40 (+9.36%)
Earnings DateMay 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 and is based in San Diego, United States.

IPO Date Dec 1, 2016
Employees 23
Stock Exchange NYSE
Ticker Symbol IIPR
Full Company Profile

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 Statements

Analyst Summary

According to 6 analysts, the average rating for IIPR stock is "Hold." The 12-month stock price target is $62.4, which is an increase of 9.36% from the latest price.

Price Target
$62.4
(9.36% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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 ...

5 hours ago - Business Wire

Cannabis REITs Gaining Momentum in 2026: 3 Stocks to Watch

The cannabis sector continues attracting investors in 2026. However, many traders now prefer cannabis REITs over traditional marijuana stocks. These companies offer exposure to the industry while also...

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5 days ago - MarijuanaStocks

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...

6 days ago - Business Wire

Innovative Industrial Properties Q1 Earnings Call Highlights

Innovative Industrial Properties NYSE: IIPR reported first-quarter 2026 revenue of $69 million and adjusted funds from operations of $53.4 million, or $1.88 per share, as executives said the company i...

15 days ago - MarketBeat

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...

20 days ago - Business Wire

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.

21 days ago - Transcripts

Innovative Industrial Properties Earnings release: Q1 2026

Innovative Industrial Properties released its Q1 2026 earnings on May 5, 2026, summarizing the period's financial results.

21 days ago - Filings

Innovative Industrial Properties Slides: Q1 2026

Innovative Industrial Properties has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on May 5, 2026.

21 days ago - Filings

Innovative Industrial Properties Quarterly report: Q1 2026

Innovative Industrial Properties has published its Q1 2026 quarterly earnings report on May 5, 2026.

21 days ago - Filings

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...

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21 days ago - MarijuanaStocks

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...

22 days ago - TheFly

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 ...

22 days ago - Business Wire

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...

22 days ago - TipRanks

Innovative Industrial Properties Slides: Investor presentation

Innovative Industrial Properties has posted slides in relation to its latest quarterly earnings report, which was published on May 4, 2026.

22 days ago - Filings

Innovative Industrial Properties Proxy statement: Proxy filing

Innovative Industrial Properties filed a proxy statement on April 22, 2026, providing details for shareholder voting and corporate governance matters.

4 weeks ago - Filings

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...

5 weeks ago - Business Wire

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...

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6 weeks ago - MarijuanaStocks

Best Cannabis REITs and Lenders to Watch This April 2026

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7 weeks ago - MarijuanaStocks

REITs Have Been Rocked, These 4 Now Pay Up To 14.6%

Oil is up, and everything else is down. Stocks. Bonds.

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2 months ago - Forbes

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...

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2 months ago - MarijuanaStocks

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...

2 months ago - TheFly

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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.

3 months ago - TheFly

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...

Other symbols: REFI
3 months ago - MarijuanaStocks