IIPR

Peers: REFI LXP STAG ILPT BNL AFCG EPR ARE PW WPC

| Held by: IJR VNQ VTI IWM VB VBR KBWY VXF IWN SDIV

Index	RUT
Market Cap	1.45B
Enterprise Value	1.98B
Income	126.20M
Sales	263.65M
Book/sh	62.48
Cash/sh	7.53
Dividend Est.	7.60 (14.44%)
Dividend TTM	7.60 (14.44%)
Dividend Ex-Date	Sep 30, 2026
Dividend Gr. 3/5Y	2.29% 11.20%
Payout	193.51%
Employees	23
IPO	Dec 01, 2016

P/E	11.93
Forward P/E	12.05
PEG	2.23
P/S	5.50
P/B	0.84
P/C	6.99
P/FCF	7.80
EV/EBITDA	10.00
EV/Sales	7.52
Quick Ratio	2.03
Current Ratio	2.03
Debt/Eq	0.33
LT Debt/Eq	0.33
Option/Short	Yes / Yes

EPS (ttm)	4.41
EPS next Y	4.37
EPS next Q	0.90
EPS this Y	8.27%
EPS next Y	2.70%
EPS next 5Y	5.39%
EPS past 3/5Y	-10.74% 3.76%
Sales past 3/5Y	-1.27% 17.87%
EPS Y/Y TTM	-3.98%
Sales Y/Y TTM	-8.42%
EPS Q/Q	57.43%
Sales Q/Q	0.67%
Earnings	Nov 02 AMC
EPS/Sales Surpr.	32.68% -5.63%

Insider Own	2.15%
Insider Trans	7.22%
Inst Own	77.77%
Inst Trans	3.29%
ROA	5.49%
ROE	7.19%
ROIC	5.45%
Gross Margin	60.08%
Oper. Margin	46.91%
Profit Margin	47.87%
SMA20	0.25%
SMA50	-4.21%
SMA200	-4.16%
Trades

Shs Outstand	27.57M
Shs Float	26.98M
Short Float	15.78%
Short Ratio	11.61
Short Interest	4.26M
52W High	65.38 -19.49%
52W Low	44.58 18.08%
Volatility	2.47% 2.37%
ATR (14)	1.32
RSI (14)	46.52
Beta	1.38
Rel Volume	0.23
Avg Volume	366.83K
Volume	51,733

Perf Week	2.11%
Perf Month	-6.27%
Perf Quarter	-15.52%
Perf Half Y	-0.40%
Perf YTD	11.14%
Perf Year	-3.66%
Perf 3Y	-28.67%
Perf 5Y	-79.17%
Perf 10Y	-
Recom	2.50
Target Price	61.21
Prev Close	51.61
Price	52.64
Change %	1.99%

Date	Action	Analyst	Rating Change	Price Target Change
Oct-14-26	Initiated	Stifel	Buy	$56.25
Oct-02-26	Initiated	Huntington	Outperform	$60
Mar-03-26	Upgrade	Compass Point	Sell → Neutral	$45
Jul-02-25	Downgrade	Wolfe Research	Outperform → Peer Perform
Apr-23-25	Resumed	Wolfe Research	Outperform	$57
Mar-31-25	Downgrade	Compass Point	Neutral → Sell	$61 → $50
Dec-23-24	Downgrade	BTIG Research	Buy → Neutral
Dec-20-24	Downgrade	Piper Sandler	Neutral → Underweight	$118 → $70
Dec-20-24	Downgrade	Compass Point	Buy → Neutral	$125 → $78
Dec-17-24	Initiated	Alliance Global Partners	Buy	$130
Nov-08-24	Upgrade	Compass Point	Neutral → Buy	$125
Sep-05-23	Downgrade	Compass Point	Buy → Neutral	$95
Jun-30-23	Downgrade	Piper Sandler	Overweight → Neutral	$80
May-10-23	Downgrade	Craig Hallum	Buy → Hold	$125 → $80
Jan-20-23	Downgrade	JMP Securities	Mkt Outperform → Mkt Perform
Sep-19-22	Upgrade	Compass Point	Neutral → Buy	$100 → $175
Aug-08-22	Downgrade	Compass Point	Buy → Neutral	$100
Jul-19-22	Downgrade	Wolfe Research	Outperform → Peer Perform
Jul-15-22	Reiterated	BTIG Research	Buy	$290 → $248
May-09-22	Upgrade	Craig Hallum	Hold → Buy	$175

Show Previous Ratings

Oct-14-26 04:30PM	Innovative Industrial Properties Announces Third Quarter 2026Earnings Release Date and Conference Call (Business Wire)
Oct-08-26 10:21PM	Innovative Industrial Properties Prices Public Offering of 9.25% Series B Cumulative Redeemable Preferred Stock (Business Wire)
Oct-07-26 08:59AM	Innovative Industrial Properties Announces Launch of Series B Preferred Stock Offering (Business Wire)
Oct-01-26 06:45AM	Innovative Industrial Properties Announces Mezzanine Loan Commitment of $245 Million for Alewife Park (Business Wire)
Sep-15-26 06:55AM	Innovative Industrial Properties Declares Third Quarter 2026 Dividends (Business Wire)
08:55AM	Loading…
Aug-26-26 08:55AM	Glean:GO Brings Enterprise AI Leaders to San Francisco: NYSE Content Update (PR Newswire)
Aug-04-26 07:02PM	Innovative Industrial Properties Inc (IIPR) (Q2 2026) Earnings Call Highlights: Strategic ... (GuruFocus.com)
Aug-03-26 05:13PM	Innovative Industrial Properties: Q2 Earnings Snapshot (Associated Press)
04:40PM	Innovative Industrial Properties Reports Second Quarter 2026 Results (Business Wire)
Jul-20-26 06:55AM	Innovative Industrial Properties Announces Second Quarter 2026 Earnings Release Date and Conference Call (Business Wire)
Jun-15-26 06:55AM	Innovative Industrial Properties Declares Second Quarter 2026 Dividends (Business Wire)
Jun-10-26 08:45AM	Innovative Industrial Properties Prices Upsized Private Offering of Exchangeable Senior Notes Due 2029 (Business Wire)
Jun-09-26 04:02PM	Innovative Industrial Properties Announces Launch of $250.0 Million Exchangeable Senior Notes Offering (Business Wire)
May-26-26 02:56PM	Innovative Industrial Properties Announces Full Repayment of $282 Million of Senior Notes (Business Wire)
May-20-26 06:30AM	Innovative Industrial Properties Announces Closing of $45 Million in Secured Term Loans (Business Wire)
06:30AM	Loading…
May-06-26 06:30AM	Innovative Industrial Properties Announces Closing of $56.5 Million Secured Term Loan (Business Wire)
May-05-26 08:30AM	Innovative Industrial Properties, Inc. Q1 2026 Earnings Call Summary (Moby) +14.03%
May-04-26 05:04PM	Innovative Industrial Properties: Q1 Earnings Snapshot (Associated Press)
04:30PM	Innovative Industrial Properties Reports First Quarter 2026 Results (Business Wire)
Apr-20-26 06:30AM	Innovative Industrial Properties Announces First Quarter 2026 Earnings Release Date and Conference Call (Business Wire)
Mar-16-26 06:30AM	Innovative Industrial Properties Announces PharmaCann Resolution and Provides Portfolio Update (Business Wire)
Mar-13-26 05:30AM	Innovative Industrial Properties Declares First Quarter 2026 Dividends (Business Wire)
Mar-05-26 09:49PM	Compass Point Moves Innovative Industrial Properties (IIPR) to Neutral (Insider Monkey)
Mar-03-26 03:24PM	Piper Sandler Raises Innovative Industrial Properties, Inc. (IIPR) Price Target to $45 from $44 (Insider Monkey)
08:00AM	Here Are Tuesdays Top Wall Street Analyst Research Calls: Block, CrowdStrike, Fortinet, MongoDB, Mosaic, Palo Alto Networks, Unity Software, and More (24/7 Wall St.)
Feb-27-26 11:35PM	Alliance Global Boosts IIPR Valuation on Improving Tenant Payment Outlook (Insider Monkey)
Feb-25-26 02:07AM	Innovative Industrial Properties Q4 Earnings Call Highlights (MarketBeat)
Feb-24-26 06:01PM	Innovative Industrial Properties Inc (IIPR) Q4 2025 Earnings Call Highlights: Strong Financial ... (GuruFocus.com) +10.70%
Feb-23-26 07:25PM	Innovative Industrial Properties (IIPR) Q4 FFO and Revenues Top Estimates (Zacks)
04:49PM	Innovative Industrial Properties: Q4 Earnings Snapshot (Associated Press Finance)
04:35PM	Loading…
04:35PM	Innovative Industrial Properties Reports Fourth Quarter and Full Year 2025 Results (Business Wire)
08:38AM	Top Dividend REITs for 2026: Two Stocks Yielding Over 16% (Investing.com)
Feb-12-26 04:30PM	Innovative Industrial Properties Announces Fourth Quarter 2025 Earnings Release Date and Conference Call (Business Wire)
Feb-11-26 06:15PM	Innovative Industrial Properties (IIPR) Registers a Bigger Fall Than the Market: Important Facts to Note (Zacks)
Feb-10-26 05:45PM	Douglas Emmett (DEI) Meets Q4 FFO Estimates (Zacks)
Feb-04-26 06:15PM	Innovative Industrial Properties (IIPR) Advances While Market Declines: Some Information for Investors (Zacks)
Jan-30-26 09:05AM	2 Actually Profitable Pot Stocks To Buy Before Trump's Cannabis Rescheduling (Motley Fool)
Jan-28-26 06:15PM	Innovative Industrial Properties (IIPR) Declines More Than Market: Some Information for Investors (Zacks)
Jan-23-26 06:50AM	Innovative Industrial Properties Announces Tax Treatment of 2025 Distributions (Business Wire)
Jan-19-26 09:27AM	3 Things Investors Need to Know About Invesco KBW Premium Yield Equity REIT ETF in 2026 (Motley Fool)
Jan-09-26 06:15PM	Innovative Industrial Properties (IIPR) Outpaces Stock Market Gains: What You Should Know (Zacks)
Dec-17-25 04:13PM	Trump Reignites Marijuana Stock Rally With Reclassification Executive Order Expected Thursday (Investor's Business Daily)
Dec-15-25 06:00AM	Innovative Industrial Properties Declares Fourth Quarter 2025 Dividends (Business Wire)
Dec-12-25 03:36PM	Donald Trump Lifts Marijuana Stocks On Reports Imminent Executive Order Will Loosen Federal Restrictions (Investor's Business Daily) +8.94%
02:49PM	Cannabis Stocks Surge. Trump May Reclassify Marijuanabut White House Says a Final Decision Hasnt Been Made. (Barrons.com)
10:56AM	Donald Trump Lifts These Marijuana Stocks On Reports He's Poised To Loosen Federal Restrictions (Investor's Business Daily)
09:13AM	Tilray and Canopy Growth Stocks Surge on Reports Trump to Loosen Marijuana Restrictions (Barrons.com)
Dec-01-25 12:00PM	Innovative Industrial Properties (IIPR) Upgraded to Buy: Here's Why (Zacks)
Nov-26-25 01:42PM	Cannabis stocks rise as US Medicare reportedly considers CBD coverage (Investing.com)
Nov-20-25 09:40AM	Is Innovative Industrial Properties (IIPR) a Great Value Stock Right Now? (Zacks)
Nov-13-25 03:35AM	Piper Sandler Lifts Price Target on IIPR as Company Invests in Life Science Developer IQHQ (Insider Monkey)
Nov-04-25 06:03PM	Innovative Industrial Properties Inc (IIPR) Q3 2025 Earnings Call Highlights: Strategic ... (GuruFocus.com) +6.51%
Nov-03-25 06:25PM	Innovative Industrial Properties (IIPR) Q3 FFO Meet Estimates (Zacks)
05:20PM	Innovative Industrial Properties: Q3 Earnings Snapshot (Associated Press Finance)
05:00PM	Innovative Industrial Properties Reports Third Quarter 2025 Results (Business Wire)
Oct-30-25 09:40AM	Should Value Investors Buy Innovative Industrial Properties (IIPR) Stock? (Zacks)
08:45AM	First National Corp. (FXNC) Meets Q3 Earnings Estimates (Zacks)
Oct-28-25 06:15PM	Innovative Industrial Properties (IIPR) Stock Sinks As Market Gains: What You Should Know (Zacks) -5.56%
Oct-21-25 06:00AM	Innovative Industrial Properties Announces Third Quarter 2025 Earnings Release Date and Conference Call (Business Wire)
Oct-20-25 06:15PM	Innovative Industrial Properties (IIPR) Surpasses Market Returns: Some Facts Worth Knowing (Zacks)
Oct-13-25 06:00PM	Trumps CBD Medicare signal sparks 36% boost in cannabis stocks but should investors hold or brace for policy risks? (Moneywise)
Oct-06-25 08:49AM	Innovative Industrial Properties Announces New $100 Million Revolving Credit Facility to Support Strategic Growth (Business Wire)
Oct-02-25 12:51PM	Is Innovative Industrial Properties (IIPR) One of the Safest REIT Dividend Stocks? (Insider Monkey)
Oct-01-25 06:23PM	Innovative Industrial Properties Announces Closing of Initial Investment Into IQHQ (Business Wire)
09:00AM	3 Best Marijuana Stocks to Buy in October (Motley Fool)
Sep-18-25 06:15PM	Innovative Industrial Properties (IIPR) Exceeds Market Returns: Some Facts to Consider (Zacks)
Sep-16-25 10:28AM	Innovative Industrial Properties Declares Strategic and Diversifying $270 Million Investment In Life Science Real Estate Platform (Insider Monkey)
Sep-15-25 06:55AM	Innovative Industrial Properties Declares Third Quarter 2025 Dividends (Business Wire)
Sep-11-25 06:15PM	Innovative Industrial Properties (IIPR) Surpasses Market Returns: Some Facts Worth Knowing (Zacks)
Sep-08-25 03:52PM	Do Options Traders Know Something About IIPR Stock We Don't? (Zacks)
Aug-07-25 03:15PM	Innovative Industrial Properties, Inc. (IIPR): A Bear Case Theory (Insider Monkey) -10.69%
Aug-06-25 06:55PM	Innovative Industrial Properties (IIPR) Surpasses Q2 FFO and Revenue Estimates (Zacks)
05:52PM	Innovative Industrial Properties: Q2 Earnings Snapshot (Associated Press Finance)
04:42PM	Innovative Industrial Properties Announces Strategic and Diversifying $270 Million Investment in Life Science Real Estate Platform (Business Wire)
04:35PM	Innovative Industrial Properties Reports Second Quarter 2025 Results (Business Wire)
Aug-01-25 06:55AM	Innovative Industrial Properties Announces Second Quarter 2025 (Business Wire)
Jul-30-25 06:15PM	Innovative Industrial Properties (IIPR) Dips More Than Broader Market: What You Should Know (Zacks)
Jun-27-25 06:15PM	Innovative Industrial Properties (IIPR) Stock Drops Despite Market Gains: Important Facts to Note (Zacks)
Jun-26-25 04:21PM	Innovative Industrial Properties Navigates Headwinds by Leveraging Its Strengths (Insider Monkey)
Jun-16-25 06:15PM	Innovative Industrial Properties (IIPR) Beats Stock Market Upswing: What Investors Need to Know (Zacks)
Jun-13-25 08:46AM	Is the Options Market Predicting a Spike in Innovative Industrial Properties Stock? (Zacks)
06:50AM	Innovative Industrial Properties Declares Second Quarter 2025 Dividends (Business Wire)
May-09-25 03:36AM	Innovative Industrial Properties Inc (IIPR) Q1 2025 Earnings Call Highlights: Strong Liquidity ... (GuruFocus.com)
May-07-25 07:45PM	Innovative Industrial Properties (IIPR) Lags Q1 FFO Estimates (Zacks)
06:44PM	Innovative Industrial Properties: Q1 Earnings Snapshot (Associated Press Finance)
05:00PM	Innovative Industrial Properties Q1 earnings decline on tenant defaults, but still beat consensus (Seeking Alpha)
04:31PM	Innovative Industrial Properties Reports First Quarter 2025 Results (Business Wire)
10:00AM	Here are the major earnings after the close today (Seeking Alpha)
May-06-25 07:22AM	Innovative Industrial Properties, Inc. (IIPR): A Top Dividend Challenger in 2025 (Insider Monkey)
May-05-25 11:20AM	IIPR's Q1 Earnings Coming Up: Key Factors to Impact the Stock (Zacks)
May-03-25 09:00AM	8-12% Dividend Yields From Undervalued REITs (Seeking Alpha)
May-02-25 09:00AM	Innovative Industrial Properties' 14% Yield Comes With Great Cash Flow Risks (Rating Downgrade) (Seeking Alpha)
May-01-25 06:15PM	Why Innovative Industrial Properties (IIPR) Outpaced the Stock Market Today (Zacks)
Apr-30-25 10:55AM	Is the Options Market Predicting a Spike in Innovative Industrial Properties Stock? (Zacks)
Apr-25-25 06:15PM	Innovative Industrial Properties (IIPR) Rises Yet Lags Behind Market: Some Facts Worth Knowing (Zacks)
Apr-21-25 06:45AM	Innovative Industrial Properties Announces First Quarter 2025 Earnings Release Date and Conference Call (Business Wire)
Apr-15-25 08:15AM	Yields Up To 10%: REITs To Buy Right Now (Seeking Alpha)
Apr-12-25 01:27AM	Dividend Champion, Contender, And Challenger Highlights: Week Of April 13 (Seeking Alpha)
Apr-08-25 06:32AM	Innovative Industrial Properties: Dividend Investors Tread Carefully With This 14% Yield (Rating Downgrade) (Seeking Alpha) -7.85%
Apr-07-25 08:27AM	Weekly Roundup on the Cannabis Sector & Psychedelic Sector (Market Exclusive)

Show Previous News

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Gold Alan D	EXECUTIVE CHAIRMAN	Oct 08 '26	Buy	25.00	40,000	1,000,000	40,000	Oct 13 10:30 AM
Shoemaker Scott	Director	Sep 15 '26	Sale	56.36	611	34,436	2,000	Sep 17 05:03 PM
Ives Bruce Alan	Director	Aug 31 '26	Buy	56.70	528	29,938	3,180	Sep 01 04:47 PM
Shoemaker Scott	Director	Jan 02 '26	Option Exercise	0.00	911	0	2,611	Feb 03 04:56 PM
Smithers Paul E.	PRESIDENT, CEO AND DIRECTOR	Jan 02 '26	Option Exercise	0.00	10,653	0	108,103	Jan 06 07:46 PM
Smith David Jon	CFO AND TREASURER	Jan 01 '26	Option Exercise	0.00	4,555	0	5,155	Jan 05 07:20 PM
Gold Alan D	EXECUTIVE CHAIRMAN	Nov 24 '25	Buy	49.09	2,600	127,634	2,600	Nov 25 07:52 PM
Gold Alan D	EXECUTIVE CHAIRMAN	Nov 19 '25	Buy	46.26	1,000	46,260	57,500	Nov 20 04:48 PM
Gold Alan D	EXECUTIVE CHAIRMAN	Nov 20 '25	Buy	45.70	1,000	45,695	58,500	Nov 20 04:48 PM
Smith David Jon	CFO AND TREASURER	Nov 20 '25	Buy	45.90	600	27,540	600	Nov 20 04:45 PM

Innovative Industrial Properties, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. It operates through the Cannabis Portfolio and Life Science Portfolio segments. The Cannabis Portfolio segment manages the acquisition, development and redevelopment, and leasing of real estate properties to regulated cannabis operators on a long-term triple-net basis. The Life Science Portfolio segment deals with investments in the IQHQ Credit Facility, IQHQ Preferred Stock, and IQHQ Warrant. The company was founded by Alan D. Gold, Gary A. Kreitzer, and Paul E. Smithers on June 15, 2016 and is headquartered in Park City, UT.

Executive ChairmanMr. Alan D. Gold

PresidentMr. Paul E. Smithers

CFO & TreasurerMr. David Jon Smith

Chief Operating OfficerMs. Catherine Hastings CPA

Chief Investment OfficerMr. Ben Regin

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Innovative Industrial Properties Inc

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