Innovative Industrial Properties, Inc. (IIPR)

NYSE: IIPR · Real-Time Price · USD
56.01
+0.25 (0.45%)
At close: Apr 28, 2026, 4:00 PM EDT
56.01
0.00 (0.00%)
After-hours: Apr 28, 2026, 7:00 PM EDT
0.45%
Market Cap 1.58B
Revenue (ttm) 265.96M
Net Income (ttm) 111.45M
Shares Out 28.14M
EPS (ttm) 3.93
PE Ratio 14.25
Forward PE 13.03
Dividend $7.60 (13.57%)
Ex-Dividend Date Mar 31, 2026
Volume 194,257
Open 55.77
Previous Close 55.76
Day's Range 55.25 - 56.19
52-Week Range 44.58 - 59.83
Beta 1.47
Analysts Hold
Price Target 45.00 (-19.66%)
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, USA. [Read more]

Sector Real Estate
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 Forecast

According to 3 analysts, the average rating for IIPR stock is "Hold." The 12-month stock price target is $45.0, which is a decrease of -19.66% from the latest price.

Price Target
$45.0
(-19.66% downside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

8 days ago - Business Wire

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5 weeks ago - MarijuanaStocks

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...

6 weeks 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...

6 weeks ago - Business Wire

High-Yield Cannabis REITs to Watch in March 2026

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Innovative Industrial Properties Earnings Call Transcript: Q4 2025

2025 saw strong operational execution, robust liquidity, and strategic investments, with significant progress re-tenanting non-performing assets and expanding in both cannabis and life science sectors. AFFO and revenues improved, and regulatory developments are expected to further support growth.

2 months ago - Transcripts

Innovative Industrial Properties Reports Fourth Quarter and Full Year 2025 Results

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today results for the fourth quarter and full year ended December 31, 2025. Executive...

2 months ago - Business Wire

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Innovative Industrial Properties Announces Fourth Quarter 2025 Earnings Release Date and Conference Call

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it will report its fourth quarter 2025 results after the close of trading on the New York Stock Ex...

2 months ago - Business Wire

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Innovative Industrial Properties Announces Tax Treatment of 2025 Distributions

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) today announced the tax treatment of its 2025 distributions as follows: Security Description: Common Stock CUSIP: ...

3 months ago - Business Wire

3 Cannabis REITs Investors Are Watching Closely in January 2026

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Innovative Industrial Properties Declares Fourth Quarter 2025 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 fourth quarter 2025 dividend of $1.9...

4 months ago - Business Wire

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Innovative Industrial Properties Earnings Call Transcript: Q3 2025

Q3 revenue rose 3% to $64.7M, with AFFO steady at $1.71/share. A $105M IQHQ investment and new $100M credit facility diversify growth into life sciences. About 20% of ABR is not rent-paying, but legal and leasing progress is ongoing.

6 months ago - Transcripts