Innovative Industrial Properties, Inc. (IIPR)
| Market Cap | 1.64B +5.3% |
| Revenue (ttm) | 263.23M -13.6% |
| Net Income | 111.07M -21.7% |
| EPS | 3.93 -24.3% |
| Shares Out | 28.77M |
| PE Ratio | 14.52 |
| Forward PE | 12.95 |
| Dividend | $7.60 (13.32%) |
| Ex-Dividend Date | Mar 31, 2026 |
| Volume | 341,649 |
| Open | 56.84 |
| Previous Close | 57.06 |
| Day's Range | 55.41 - 57.31 |
| 52-Week Range | 44.58 - 61.40 |
| Beta | 1.45 |
| Analysts | Hold |
| Price Target | 62.40 (+9.36%) |
| 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 and is based in San Diego, United States.
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 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.
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 ...
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...
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...
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...
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.
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.
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.
Innovative Industrial Properties Quarterly report: Q1 2026
Innovative Industrial Properties has published its Q1 2026 quarterly earnings report on May 5, 2026.
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 Slides: Investor presentation
Innovative Industrial Properties has posted slides in relation to its latest quarterly earnings report, which was published on May 4, 2026.
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.
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
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Best Cannabis REITs and Lenders to Watch This April 2026
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REITs Have Been Rocked, These 4 Now Pay Up To 14.6%
Oil is up, and everything else is down. Stocks. Bonds.
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...