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IIPR

Innovative Industrial Properties Inc

Mar 13 • 04:00PM ET

52.66

-0.46 -0.87 %

Real Estate • REIT - Industrial • USA • NYSE

Mar 13, 5:35 AMInnovative Industrial Properties declares Q1 2026 dividend of $1.90 per share and Series A preferred payout

Peers: AMT PLD SBAC CCI EQIX DLR COR FR TRNO LXP

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

Scroll to Statements

Index	RUT	P/E	13.41	EPS (ttm)	3.93	Insider Own	1.95%	Shs Outstand	28.02M	Perf Week	-3.15%
Market Cap	1.48B	Forward P/E	10.99	EPS next Y	4.79	Insider Trans	0.96%	Shs Float	27.59M	Perf Month	12.26%
Enterprise Value	1.88B	PEG	-	EPS next Q	1.07	Inst Own	70.49%	Short Float	11.74%	Perf Quarter	0.30%
Income	111.45M	P/S	5.57	EPS this Y	9.41%	Inst Trans	3.32%	Short Ratio	8.47	Perf Half Y	-7.76%
Sales	265.95M	P/B	0.82	EPS next Y	11.40%	ROA	4.85%	Short Interest	3.24M	Perf YTD	11.19%
Book/sh	64.24	P/C	31.13	EPS next 5Y	-	ROE	6.09%	52W High	71.47 -26.32%	Perf Year	-22.79%
Cash/sh	1.69	P/FCF	8.48	EPS past 3/5Y	-10.74% 3.76%	ROIC	5.80%	52W Low	44.58 18.12%	Perf 3Y	-35.30%
Dividend Est.	7.60 (14.43%)	EV/EBITDA	9.28	Sales past 3/5Y	-1.27% 17.87%	Gross Margin	60.80%	Volatility	3.03% 3.46%	Perf 5Y	-72.06%
Dividend TTM	7.60 (14.43%)	EV/Sales	7.05	EPS Y/Y TTM	-28.74%	Oper. Margin	48.12%	ATR (14)	1.72	Perf 10Y	-
Dividend Ex-Date	Dec 31, 2025	Quick Ratio	0.15	Sales Y/Y TTM	-13.80%	Profit Margin	41.90%	RSI (14)	54.08	Recom	3.00
Dividend Gr. 3/5Y	2.29% 11.20%	Current Ratio	0.15	EPS Q/Q	-22.27%	SMA20	2.36%	Beta	1.47	Target Price	58.75
Payout	193.51%	Debt/Eq	0.21	Sales Q/Q	-13.14%	SMA50	5.35%	Rel Volume	0.54	Prev Close	53.12
Employees	23	LT Debt/Eq	0.04	Earnings	Feb 23 AMC	SMA200	-0.14%	Avg Volume	382.14K	Price	52.66
IPO	Dec 01, 2016	Option/Short	Yes / Yes	EPS/Sales Surpr.	1.27% 1.35%	Trades		Volume	207,309	Change	-0.87%

Date	Action	Analyst	Rating Change	Price Target Change
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
Jul-02-21	Initiated	Wolfe Research	Outperform	$249
Dec-23-20	Downgrade	Ladenburg Thalmann	Buy → Neutral

Show Previous Ratings

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)
02:07AM	Loading…
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	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)
09:05AM	Loading…
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)
06:03PM	Loading…
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)
Apr-06-25 09:00AM	Tariff Tantrum (Seeking Alpha)
Apr-05-25 08:05AM	6 Dividend Growth Stocks I'm Buying As Tariffs Crush The Economy (Seeking Alpha)
Apr-04-25 06:15PM	Innovative Industrial Properties (IIPR) Increases Despite Market Slip: Here's What You Need to Know (Zacks)
10:43AM	Why Shares of Innovative Industrial Properties Sank This Week (Motley Fool)
Apr-03-25 07:30AM	Cash COWs: 11 High-Yield REITs (Seeking Alpha) -7.20%
07:10AM	NewLake Capital Partners: New 52-Week Low, Near 12% Yield Attractive Amidst Rising Uncertainty (Seeking Alpha)
12:08AM	TCW Global Real Estate Fund Q4 2024 Commentary (Seeking Alpha)
Apr-02-25 08:36AM	Innovative Industrial price target lowered to $55 from $70 at Alliance Global (TipRanks)
Mar-31-25 04:05PM	Innovative Industrial: Yield Jumps To 14% (Seeking Alpha) -15.15%
01:05PM	Innovative Industrial: Projecting Worst Case Outcomes And Potential Dividend Cut (Rating Upgrade) (Seeking Alpha)
Mar-30-25 04:26PM	Innovative Industrial Properties (IIPR): Among the Most Undervalued REIT Stocks to Invest In Now (Insider Monkey)
Mar-28-25 05:49PM	Innovative Industrial Properties Reports Defaults by Tenants (Business Wire) -15.15%
Mar-25-25 10:32AM	NewLake Capital: My Top Income Pick Yields Nearly 12% (SeekingAlpha)
Mar-23-25 09:00AM	Certainly Uncertain (SeekingAlpha)
Mar-22-25 12:31AM	Dividend Champion, Contender, And Challenger Highlights: Week Of March 23 (SeekingAlpha)
Mar-20-25 07:40AM	Better Beaten-Down Dividend Stock to Buy: Innovative Industrial Properties or Medical Properties Trust? (Motley Fool)
Mar-18-25 05:45AM	Shareholders of Innovative Industrial Properties, Inc. Should Contact Levi & Korsinsky Before March 18, 2025 to Discuss Your Rights - IIPR (PR Newswire)
04:20AM	Beat the Nasdaq With This Cash-Gushing Dividend Stock (Motley Fool)
Mar-14-25 06:45AM	Innovative Industrial Properties Declares First Quarter 2025 Dividends (Business Wire)
Mar-12-25 03:03PM	Is the Options Market Predicting a Spike in Innovative Industrial Properties (IIPR) Stock? (Zacks)
05:45AM	Investors in Innovative Industrial Properties, Inc. Should Contact Levi & Korsinsky Before March 18, 2025 to Discuss Your Rights - IIPR (PR Newswire)

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.

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
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

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IIPR

Innovative Industrial Properties Inc

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