Innovative Industrial Properties, Inc. (IIPR)

NYSE: IIPR · IEX Real-Time Price · USD
94.56
+0.07 (0.07%)
Apr 17, 2024, 2:13 PM EDT - Market open
0.07%
Market Cap 2.67B
Revenue (ttm) 309.51M
Net Income (ttm) 164.24M
Shares Out 28.21M
EPS (ttm) 5.77
PE Ratio 16.27
Forward PE 15.53
Dividend $7.28 (7.70%)
Ex-Dividend Date Mar 27, 2024
Volume 51,681
Open 95.00
Previous Close 94.49
Day's Range 93.59 - 95.48
52-Week Range 63.36 - 105.81
Beta 1.52
Analysts Hold
Price Target 99.33 (+5.04%)
Earnings Date May 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. [Read more]

Sector Real Estate
IPO Date Dec 1, 2016
Employees 21
Stock Exchange NYSE
Ticker Symbol IIPR
Full Company Profile

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 $164.24 million, an increase of 7.32%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for IIPR stock is "Hold." The 12-month stock price forecast is $99.33, which is an increase of 5.04% from the latest price.

Price Target
$99.33
(5.04% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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Innovative Industrial Properties Declares First Quarter 2024 Dividends

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis indu...

4 weeks ago - Business Wire

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Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2023 Results

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7 weeks ago - Business Wire

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Innovative Industrial Properties to Report 2023 Fourth Quarter and Year-End Results

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) announced today it will report results for its fourth quarter and year ended December 31, 2023 after the market closes o...

2 months ago - Business Wire

Innovative Industrial Properties Announces Tax Treatment of 2023 Distributions

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) today announced the tax treatment of its 2023 distributions as follows: Security Description: Common Stock CUSIP: ...

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Innovative Industrial Properties Declares Fourth Quarter 2023 Dividends

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis indu...

4 months ago - Business Wire

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Innovative Industrial Properties Reports Third Quarter 2023 Results

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis indu...

5 months ago - Business Wire