Innovative Industrial Properties, Inc. (IIPR)

Market Cap	1.45B -0.3%
Revenue (ttm)	263.89M -4.4%
Net Income	126.21M +11.0%
EPS	4.44 +4.8%
Shares Out	27.57M
PE Ratio	11.86
Forward PE	13.23
Dividend	$7.60 (14.43%)
Ex-Dividend Date	Sep 30, 2026

Volume	358,843
Open	54.47
Previous Close	54.74
Day's Range	52.10 - 54.47
52-Week Range	44.58 - 65.38
Beta	1.38
Analysts	Buy
Price Target	62.15 (+18.02%)
Earnings Date	Nov 2, 2026

About IIPR

Innovative Industrial Properties, Inc. is an internally managed real estate investment trust focused on the acquisition, ownership and management of specialized industrial properties and financial investments in the life science industry. As of June 30, 2026, we owned 108 properties comprising an aggregate of approximately 8.4 million rentable square feet in 19 states. Innovative Industrial Properties, Inc. was established on June 15th 2016 and is incorporated in Maryland.

• Industry: REIT - Industrial
• Sector: Real Estate
• IPO Date: Dec 1, 2016
• Employees: 24
• Stock Exchange: NYSE
• Ticker Symbol: IIPR

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%.

Analyst Summary

According to 7 analysts, the average rating for IIPR stock is "Buy." The 12-month stock price target is $62.15, which is an increase of 18.02% from the latest price.

Price Target

$62.15

(18.02% upside)

Analyst Consensus: Buy

Data Sources: S&P Global Market Intelligence, CBOE, and more

Fundamental and historical data is provided by S&P Global Market Intelligence. Real-time stock price data is provided by CBOE and 15-minute delayed consolidated tape pricing data is provided by Nasdaq UTP.

Last checked:

Nov 13, 2026

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