Innovative Industrial Properties, Inc. (IIPR)

IIPR Stock Forecast

Stock Price Forecast

According to 6 analysts polled by S&P Global, IIPR stock has a consensus rating of "Hold" and an average price target of $62.4. The average 1-year stock price forecast is 7.60% higher than the current stock price, while the lowest is $45 (-22.40%) and the highest is $90 (+55.20%).

Price Target: $62.4 (+7.60%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$45	$62.4	$57.3	$90
Change	-22.40%	+7.60%	-1.19%	+55.20%

Analyst Ratings

The average analyst rating for IIPR stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	1	1	1	1	1	1
Buy	0	0	0	0	0	0
Hold	3	3	3	4	4	4
Sell	1	1	1	1	1	1
Strong Sell	1	1	1	0	0	0
Total	6	6	6	6	6	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Bill Kirk Roth MKM	Roth MKM	Buy Maintains $90	Buy	Maintains	$90	+55.20%	May 5, 2026
Alexander Goldfarb Piper Sandler	Piper Sandler	Sell Maintains $45	Sell	Maintains	$45	-22.40%	May 5, 2026
Merrill Ross Compass Point	Compass Point	Hold Upgrades $45	Hold	Upgrades	$45	-22.40%	Mar 3, 2026
Aaron Grey Alliance Global Partners	Alliance Global Partners	Hold Maintains $50 → $55	Hold	Maintains	$50 → $55	-5.16%	Feb 26, 2026
Tom Catherwood BTIG	BTIG	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Feb 23, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

277.84M

Increased by 4.47%

from 265.96M

Revenue Next Year

283.50M

Increased by 2.04%

from 277.84M

EPS This Year

4.25

Increased by 8.10%

from 3.93

EPS Next Year

4.89

Increased by 15.01%

from 4.25

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	204.55M	276.36M	309.51M	308.52M	265.96M	277.84M	283.50M
Revenue Growth	74.99%	35.11%	11.99%	-0.32%	-13.80%	4.47%	2.04%
EPS	4.55	5.52	5.77	5.52	3.93	4.25	4.89
EPS Growth	39.27%	21.24%	4.45%	-4.21%	-28.87%	8.10%	15.01%
Forward PE	-	-	-	-	-	13.65	11.87
No. Analysts	-	-	-	-	-	5	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	295.2M	299.4M
Avg	277.8M	283.5M
Low	257.2M	264.0M

Revenue Growth

Revenue Growth	2026	2027
High	11.0%	7.7%
Avg	4.5%	2.0%
Low	-3.3%	-5.0%

EPS Forecast

EPS	2026	2027
High	4.50	5.03
Avg	4.25	4.89
Low	3.96	4.69

EPS Growth

EPS Growth	2026	2027
High	14.6%	18.4%
Avg	8.1%	15.0%
Low	0.7%	10.5%

Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.