IIPR Innovative Industrial Properties, Inc.

QT52

Latest market price

56.02

+1.62+2.99%

Overview Short InterestFilings

IIPRQT52Innovative Industrial Properties, Inc.·NYSE

Overview Short InterestFilings

56.02+2.99%

Filing

Up 3.0% — Filed an 8-K material-event report (2026-11-02) — details in the filing.

Medium confidence

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Signal & projected range

QT Score upgradeHistorical pattern — not a prediction

Recent priceDays this stock last showed the setupRange of past outcomes (±1σ)

Horizon

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Over the next 20 trading days, similar setups historically landed in a measured range of outcomes. Unlock with Premium to see the median return, the typical range, and how often they were positive. This is the historical range of outcomes — not a prediction of this stock’s price.

Ranges describe how this exact setup resolved in the past — derived from thousands of historical occurrences across QuoTrend’s coverage since 2006, survivorship-corrected to include companies that later delisted. The band is the typical spread (±1σ) of those outcomes, not a forecast; the central value is their average move. Fewer matching cases over longer horizons widen the band and lower its reliability. Backtested results are hypothetical, based on historical data, and do not represent actual trading. Past performance does not guarantee or predict future results. QuoTrend is an educational research tool, not investment advice. Markets involve risk, including loss of principal.

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SMA-0.78%$36.96 LXP+0.02%$61.18 COLD-1.20%$14.43 ILPT-0.29%$6.58 STAG-0.69%$37.23 FR+0.26%$54.94 TRNO-0.25%$66.59 LINE-1.30%$36.54

Snapshot

Index	—	P/E	12.31	EPS (ttm)	4.42	Insider Own	5.37%	Shs Outstand	27.57M	Perf Week	1.34%

Market Cap	1.50B	Forward P/E	12.45	EPS next Y	4.37	Insider Trans	2.70%	Shs Float	26.99M	Perf Month	7.68%

Enterprise Value	1.90B	PEG	3.09	EPS next Q	—			Short Float	13.19%	Perf Quarter	-9.87%

Income	138.00M	P/S	5.68	EPS this Y	7.63%			Short Ratio	9.64	Perf Half Y	2.84%

Sales	264.00M	P/B	0.81	EPS next Y	2.70%	ROA	5.34%	Short Interest	3.56M	Perf YTD	14.86%

Book/sh	67.17	P/C	7.32	EPS next 5Y	3.98%	ROE	7.39%	52W High	65.38 -14.31%	Perf Year	8.56%

Cash/sh	7.44	P/FCF	7.61	EPS past 3/5Y	-10.71% 3.75%	ROIC	5.49%	52W Low	44.58 25.67%	Perf 3Y	-24.31%

Dividend Est.	7.60 (13.57%)	EV/EBITDA	8.00	Sales past 3/5Y	-1.22% 17.85%	Gross Margin	60.20%	Volatility	2.47% 2.40%	Perf 5Y	-79.48%

Dividend TTM	7.60 (13.57%)	EV/Sales	7.22	EPS Y/Y TTM	-4.33%	Oper. Margin	51.40%	ATR (14)	1.39	Perf 10Y	—

Dividend Ex-Date	Sep 30, 2026	Quick Ratio	1.36	Sales Y/Y TTM	-8.65%	Profit Margin	52.27%	RSI (14)	54.90	Recom	2.73

Dividend Gr. 3/5Y	2.29% 11.20%	Current Ratio	1.36	EPS Q/Q	-1.98%	SMA20	3.61%	Beta	1.36	Target Price	56.25

Payout	160.71%	Debt/Eq	0.33	Sales Q/Q	0.00%	SMA50	0.04%	Rel Volume	1.11	Prev Close	54.40

Employees	24	LT Debt/Eq	0.28	Earnings	Feb 22	SMA200	-1.23%	Avg Volume	357.64K	Price	56.02

IPO Date	Dec 01, 2016	Option/Short	Yes / Yes	EPS/Sales Surpr.	10.00% —	Net Debt/EBITDA	1.70	Volume	397,565	Change	2.99%

Analyst Ratings

Date	Action	Analyst	Rating	Target
Oct-14-26	Initiated	Stifel	Buy	$56
Mar-03-26	Upgrade	Compass Point	Sell → Neutral
Nov-05-25	Reiterated	Piper Sandler	Underweight	$45 → $44
Jul-02-25	Downgrade	Wolfe Research	Outperform → Peer Perform
Apr-15-25	Reiterated	Piper Sandler	Underweight	$60 → $45
Mar-31-25	Downgrade	Compass Point	Neutral → Sell
Mar-18-25	Reiterated	Industrial Alliance Securities		$140 → $60
Mar-17-25	Reiterated	Piper Sandler	Underweight	$118 → $60
Dec-23-24	Downgrade	BTIG	Buy → Neutral
Dec-20-24	Downgrade	Compass Point	Buy → Neutral

Latest News· Times ET

Nov-02-26

Nov-02-2608:11PM

Innovative Industrial Properties (IIPR) Beats Q3 FFO and Revenue Estimateszacks.com

08:01PM

Here's What Key Metrics Tell Us About Innovative Industrial Properties (IIPR) Q3 Earningszacks.com

04:35PM

Innovative Industrial Properties Reports Third Quarter 2026 Resultsbusinesswire.com

Oct-31-26

Oct-31-2602:57AM

Buy 13 IDEAL 'Safer' October LoPrice/HiDividend Small Cap 'Toy Dogs'seekingalpha.com

Oct-27-26

Oct-27-2607:16PM

Innovative Industrial Properties (IIPR) Stock Dips While Market Gains: Key Factszacks.com

04:42PM

Innovative Industrial Properties Operating Partnership Extends Loan Agreement Maturity to January 21, 2027Fintel

Oct-26-26

Oct-26-2605:11AM

Innovative Industrial Properties (IIPR) Expected to Post Earnings on Mondaydefenseworld.net

Oct-19-26

Oct-19-2605:04AM

Here’s the Hands-Down Best Cannabis Stock for Dividend InvestorsYahoo

Oct-16-26

Oct-16-2607:16PM

Why Innovative Industrial Properties (IIPR) Dipped More Than Broader Market Todayzacks.com

Oct-14-26

Oct-14-2604:30PM

Innovative Industrial Properties Announces Third Quarter 2026 Earnings Release Date and Conference Callbusinesswire.com

Oct-09-26

Oct-09-2602:11PM

Marijuana Stocks And The Cannabis Industry: What Investors Should Watchmarijuanastocks.com

Oct-08-26

Oct-08-2610:21PM

Innovative Industrial Properties Prices Public Offering of 9.25% Series B Cumulative Redeemable Preferred StockYahoo

Oct-07-26

Oct-07-2608:59AM

Innovative Industrial Properties Announces Launch of Series B Preferred Stock Offeringbusinesswire.com

Oct-05-26

Oct-05-2610:30AM

Innovative Industrial Properties: When New Highs Mean Newer Lowsseekingalpha.com

Oct-04-26

Oct-04-2606:14PM

Innovative Industrial Properties (NYSE:IIPR) vs. Americold Realty Trust (NYSE:COLD) Financial Reviewdefenseworld.net

Company

Innovative Industrial Properties, Inc. is an independently managed, Maryland-based corporation primarily focused on acquiring, owning, and overseeing unique real estate assets. These properties are subsequently leased to experienced, state-licensed operators who utilize them for their regulated medical cannabis facilities. For tax purposes, the company adopted the structure of a Real Estate Investment Trust (REIT) starting from the end of 2017.

Ownership

Per-holder 13F data hasn't been ingested for this ticker yet.

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023	FY 2022 12/31/2022	FY 2021 12/31/2021	FY 2020 12/31/2020	FY 2019 12/31/2019	FY 2018 12/31/2018
Total Revenue	264	266	309	310	—	—	—	—	—
Cost of Goods Sold Incl. D&A	105	30	28	25	—	—	—	—	—
Gross Profit	159	236	280	285	—	—	—	—	—
Selling, General and Administrative Excl. Other	35	34	37	43	—	—	—	—	—
Research and Development	0	0	0	0	—	—	—	—	—
Other Operating Expense	-12	78	75	67	—	—	—	—	—
Operating Income	134	124	168	175	—	—	—	—	—
Interest Expense	26	20	16	16	—	—	—	—	—
Unusual Expense	—	—	—	—	—	—	—	—	—
Non-Operating Income (Expense)	28	11	10	7	—	—	—	—	—
Net Income Before Taxes	138	114	162	166	—	—	—	—	—
Income Taxes	0	0	0	0	—	—	—	—	—
Consolidated Net Income	138	114	162	166	—	—	—	—	—
Net Income From Continuing Operations	138	114	162	166	—	—	—	—	—
Net Income	138	114	162	166	—	—	—	—	—
EPS (Recurring)	4.51	3.98	5.58	5.82	—	—	—	—	—
EPS (Basic, Before Extraordinaries)	4.51	3.98	5.58	5.82	—	—	—	—	—
EPS (Diluted)	4.42	3.93	5.52	5.77	—	—	—	—	—
EBITDA	238	209	249	249	—	—	—	—	—
Other After Tax Adjustments	—	—	—	—	—	—	—	—	—
Stock Option Compensation Expense	—	—	—	—	—	—	—	—	—
Price To Earnings Ratio	12.68	12.05	12.07	17.47	—	—	—	—	—
Price To Sales Ratio	5.94	4.99	6.04	9.11	—	—	—	—	—
Gross Margin	60.23	88.72	90.61	91.94	—	—	—	—	—
Operating Margin	50.76	46.62	54.37	56.45	—	—	—	—	—
Net Margin	52.27	42.86	52.43	53.55	—	—	—	—	—
Shares Outstanding	28	28	28	28	—	—	—	—	—
Market Capitalization	1,569	1,326	1,866	2,823	—	—	—	—	—
Operating Lease Expense	—	—	—	—	—	—	—	—	—

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Insider Trading Volume

Insider Trading

Insider	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
Shoemaker Scott	Director	Sep 15 '26	Sale	56.36	611	34,436	2,000	Sep 17
Ives Bruce Alan	Director	Aug 31 '26	Buy	56.70	528	29,938	3,180	Sep 01
Shoemaker Scott	Director	Jan 02 '26	Option Exercise	0.00	911	0	2,611	Feb 03
Smithers Paul E.	PRESIDENT, CEO AND DIRECTOR	Jan 02 '26	Option Exercise	0.00	10,653	0	108,103	Jan 06
Smith David Jon	CFO AND TREASURER	Jan 01 '26	Option Exercise	0.00	4,555	0	5,155	Jan 05
Gold Alan D	EXECUTIVE CHAIRMAN	Nov 24 '25	Buy	49.09	2,600	127,634	2,600	Nov 25
Gold Alan D	EXECUTIVE CHAIRMAN	Nov 20 '25	Buy	45.70	1,000	45,695	58,500	Nov 20
Smith David Jon	CFO AND TREASURER	Nov 20 '25	Buy	45.90	600	27,540	600	Nov 20
Gold Alan D	EXECUTIVE CHAIRMAN	Nov 19 '25	Buy	46.26	1,000	46,260	57,500	Nov 20
Stecher David	Director	Mar 03 '25	Sale	70.55	7,599	536,109	1,346	Mar 05
Stecher David	Director	Nov 15 '23	Sale	80.75	2,500	201,888	7,529	Nov 15
Gold Alan D	director: EXECUTIVE CHAIRMAN	Aug 12 '22	Buy	97.79	1,000	97,793	213,308	Aug 12
Gold Alan D	director: EXECUTIVE CHAIRMAN	Aug 10 '22	Buy	94.22	1,000	94,220	212,308	Aug 11
Kreitzer Gary A	Director	Mar 15 '22	Sale	30.13	2,196	66,164	28,000	Mar 15

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QuoTrend signals describe historical patterns and statistics — educational information, not investment advice or a recommendation to buy or sell. Past performance doesn’t guarantee future results. Every figure traces to QuoTrend data. Historical patterns — not a prediction or advice.