IIPR — Innovative Industrial Properties, Inc. stock price, charts and financials

QT65Innovative Industrial Properties, Inc.

Innovative Industrial Properties, Inc. (NYSE: IIPR) is a Real Estate company in the REIT - Industrial industry. QuoTrend tracks its price, financials, earnings, analyst ratings and insider trades.

Latest market price
60.36
+1.77+3.02%
OverviewShort InterestFilings
IIPRQT65Innovative Industrial Properties, Inc.·NYSE
60.36+3.02%
Filing
Up 3.0% — Filed an 8-K material-event report (2026-08-03) — details in the filing.
Medium confidence
TA
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SMA+0.18%$33.68SCCF+0.41%$24.50SCCD+0.00%$24.85SCCE+0.25%$24.54NSA-1.74%$43.41LXP+0.20%$60.55COLD+0.43%$14.17ILPT-0.80%$8.68
Snapshot
Index-P/E15.40EPS (ttm)3.92Insider Own5.10%Shs Outstand29.00MPerf Week-0.35%
Market Cap1.75BForward P/E12.60EPS next Y4.79Insider Trans0.00%Shs Float28.40MPerf Month-2.42%
Enterprise Value2.10BPEG-EPS next Q-Inst Own-Short Float13.70%Perf Quarter14.10%
Income120.00MP/S6.63EPS this Y9.18%Inst Trans-Short Ratio10.03Perf Half Y25.10%
Sales264.00MP/B0.95EPS next Y11.92%ROA5.01%Short Interest3.89MPerf YTD27.45%
Book/sh63.73P/C36.46EPS next 5Y-ROE6.41%52W High65.38 -7.68%Perf Year17.50%
Cash/sh1.66P/FCF8.65EPS past 3/5Y-10.71% 3.75%ROIC129.07%52W Low44.58 35.40%Perf 3Y-21.40%
Dividend Est.7.60 (12.59%)EV/EBITDA9.70Sales past 3/5Y-1.22% 17.85%Gross Margin60.26%Volatility3.66% 2.80%Perf 5Y-71.37%
Dividend TTM7.60 (12.59%)EV/Sales7.94EPS Y/Y TTM-28.99%Oper. Margin46.72%ATR (14)1.88Perf 10Y-
Dividend Ex-DateJun 30, 2026Quick Ratio0.24Sales Y/Y TTM-14.56%Profit Margin45.58%RSI (14)45.57Recom2.73
Dividend Gr. 3/5Y2.29% 11.20%Current Ratio0.24EPS Q/Q-46.39%SMA20-3.03%Beta1.39Target Price84.67
Payout183.04%Debt/Eq0.21Sales Q/Q-4.17%SMA50-0.75%Rel Volume1.25Prev Close58.59
Employees23LT Debt/Eq0.04EarningsNov 02SMA20012.11%Avg Volume379.49KPrice60.36
IPO DateDec 01, 2016Option/ShortYes / YesEPS/Sales Surpr.-3.11% 5.10%Net Debt/EBITDA1.28Volume473,629Change3.02%
Analyst Ratings
DateActionAnalystRatingTarget
Mar-03-26UpgradeCompass PointSell → Neutral
Nov-05-25ReiteratedPiper SandlerUnderweight$45 → $44
Jul-02-25DowngradeWolfe ResearchOutperform → Peer Perform
Apr-15-25ReiteratedPiper SandlerUnderweight$60 → $45
Mar-31-25DowngradeCompass PointNeutral → Sell
Mar-18-25ReiteratedIndustrial Alliance Securities$140 → $60
Mar-17-25ReiteratedPiper SandlerUnderweight$118 → $60
Dec-23-24DowngradeBTIGBuy → Neutral
Dec-20-24DowngradeCompass PointBuy → Neutral
Nov-15-24ReiteratedPiper SandlerNeutral$120 → $118
Latest News
Aug-04-26
Aug-04-2605:40PM
Innovative Industrial Properties, Inc. (IIPR) Q2 2026 Earnings Call Transcriptseekingalpha.com
02:47PM
Innovative Industrial Properties: The Bull Case Is Tempting, But It's Not For Meseekingalpha.com
Aug-03-26
Aug-03-2607:46PM
Innovative Industrial Properties (IIPR) Q2 FFO Surpass Estimateszacks.com
04:40PM
Innovative Industrial Properties Reports Second Quarter 2026 Resultsbusinesswire.com
04:16PM
Innovative Ind Props Q2 FFO $1.83 Beats $1.77 Estimate, Sales $63.315M Miss $66.806M EstimateBenzinga
Jul-31-26
Jul-31-2607:55PM
Innovative Industrial Properties Inc (IIPR) Stock Down 3.2% -- Now Undervalued? GF Score: 78/100gurufocus.com
Jul-30-26
Jul-30-2603:28AM
Arrowstreet Capital Limited Partnership Raises Position in Innovative Industrial Properties, Inc. $IIPRdefenseworld.net
Jul-28-26
Jul-28-2607:16PM
Innovative Industrial Properties (IIPR) Stock Dips While Market Gains: Key Factszacks.com
10:46AM
4 High Shareholder Yield Stocks to Buy Amid Rising Uncertaintyzacks.com
09:56AM
These 2 Finance Stocks Could Beat Earnings: Why They Should Be on Your Radarzacks.com
Jul-23-26
Jul-23-2612:31PM
REIT Rebound: 3 Top REITs Averaging 9.8% FWD YieldSeekingAlpha
Jul-21-26
Jul-21-2607:15PM
Innovative Industrial Properties (IIPR) Stock Sinks As Market Gains: Here's Whyzacks.com
01:37PM
Piper Sandler Maintains Underweight on Innovative Ind Props, Raises Price Target to $51Benzinga
Jul-20-26
Jul-20-2606:55AM
Innovative Industrial Properties Announces Second Quarter 2026 Earnings Release Date and Conference Callbusinesswire.com
Jul-18-26
Jul-18-2601:03PM
AI Bubble Risks Make Dividend Stocks Attractive Againseekingalpha.com
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 Revenue2642663093102762051174515
Cost of Goods Sold Incl. D&A105302825114510
Gross Profit1592362802852662001124314
Selling, General and Administrative Excl. Other36343743392314106
Research and Development
000000000
Other Operating Expense-178756757422883
Operating Income12212416817517013570255
Interest Expense222016161818760
Unusual Expense
—————————
Non-Operating Income (Expense)19111073-3352
Net Income Before Taxes12011416216615411466237
Income Taxes
000000000
Consolidated Net Income12011416216615411466237
Net Income From Continuing Operations12011416216615411466237
Net Income12011416216615411466237
EPS (Recurring)3.993.985.585.825.574.693.281.630.98
EPS (Basic, Before Extraordinaries)3.993.985.585.825.574.693.281.630.98
EPS (Diluted)3.923.935.525.775.524.553.271.610.96
EBITDA216209249249233172100388
Other After Tax Adjustments
—————————
Stock Option Compensation Expense
—————————
Price To Earnings Ratio15.4012.0512.0717.4718.3657.7856.0047.1247.28
Price To Sales Ratio6.404.996.049.119.9130.7829.7418.5521.18
Gross Margin60.2388.7290.6191.9496.3897.5695.7395.5693.33
Operating Margin46.2146.6254.3756.4561.5965.8559.8355.5633.33
Net Margin45.4542.8652.4353.5555.8055.6156.4151.1146.67
Shares Outstanding28282828272419117
Market Capitalization1,6901,3261,8662,8232,7366,3103,479835318
Operating Lease Expense
—————————
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Insider Trading Volume
$67.68$61.15$54.63$48.10$41.57● Close Price0.00K61.78K123.56K185.35K247.13KUSD Trades VolumeAugSepOctNovDec2026FebMarAprMayJunJulAug
Insider Trading
InsiderRelationshipDateTransactionCost#SharesValue ($)#Shares TotalSEC Form 4
Shoemaker ScottDirectorJan 02 '26Option Exercise0.0091102,611Feb 03
Smithers Paul E.PRESIDENT, CEO AND DIRECTORJan 02 '26Option Exercise0.0010,6530108,103Jan 06
Smith David JonCFO AND TREASURERJan 01 '26Option Exercise0.004,55505,155Jan 05
Gold Alan DEXECUTIVE CHAIRMANNov 24 '25Buy49.092,600127,6342,600Nov 25
Smith David JonCFO AND TREASURERNov 20 '25Buy45.9060027,540600Nov 20
Gold Alan DEXECUTIVE CHAIRMANNov 20 '25Buy45.701,00045,69558,500Nov 20
Gold Alan DEXECUTIVE CHAIRMANNov 19 '25Buy46.261,00046,26057,500Nov 20
Stecher DavidDirectorMar 03 '25Sale70.557,599536,1091,346Mar 05
Stecher DavidDirectorNov 15 '23Sale80.752,500201,8887,529Nov 15
Gold Alan Ddirector: EXECUTIVE CHAIRMANAug 12 '22Buy97.791,00097,793213,308Aug 12
Gold Alan Ddirector: EXECUTIVE CHAIRMANAug 10 '22Buy94.221,00094,220212,308Aug 11
Kreitzer Gary Adirector:Mar 15 '22Sale30.132,19666,16428,000Mar 15
Kreitzer Gary Adirector:Mar 10 '22Sale31.051,10434,28330,196Mar 14
Gold Alan DEXECUTIVE CHAIRMANNov 17 '21Sale33.952,987101,39930,577Nov 17
Gold Alan DEXECUTIVE CHAIRMANNov 16 '21Sale34.19923,14633,564Nov 17
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