IIPR logo

INNOVATIVE INDUSTRIAL PROPER

IIPRNYSE
πŸ† #2189 by market capEarnings Nov 2US Equity
$54.51β–Ό $0.69 (βˆ’1.27%)
πŸŒ™ After hours$54.58β–² 0.13%Regular close Β· extended-hours price shown
πŸ””
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24hβ–Ό 1.3%
7dβ–Ό 1.4%
14dβ–Ό 2.7%
30dβ–Ό 4.3%
ytdβ–² 15.0%
1yβ–² 1.8%
🏦Market Cap
$1.58B
Small Cap
πŸ“ˆRevenue Growth (YoY)
-8.4%
Declining
πŸ“ŠGross Margin
88.3%
High
πŸ’΅FCF Margin
70.5%
Strong
βš–οΈP/S Ratio
5.8x
Fair
Otter Score
88
Very Good

Trading Snapshot

Day Range
$53.97 – $55.37
52-Week Range
$44.58 – $65.38
Volume
$3.22B
Avg Volume
$2.23B
Shares Outstanding
29.0M
Next Earnings
Oct 30, 2026

Fundamentals Snapshot

Annual Revenue
$266M
Last Q Revenue
$63M
P/E Ratio
11.0
P/S Ratio
5.8x
EPS (TTM)
$4.78
Dividend Yield
14.59%
Dilution (1yr)
βˆ’0.9%

Why Investors Own IIPR

  • βœ“High-growth profile β€” revenue up +27.6% YoY with expanding US Equity exposure.
  • βœ“Healthy economics β€” 73% gross margin and 23% free-cash-flow margin.
  • βœ“New products and segments could unlock additional revenue streams.
⚠️ Key Risks

Execution delays, intensifying competition, and valuation compression if growth decelerates.

IIPR logo

INNOVATIVE INDUSTRIAL PROPER

IIPR
Financial Trends
RevenueThe total money the company brought in from sales, before subtracting any costs.
$266Mβ–Ό βˆ’13.8% YoY
Gross MarginOf every $1 of sales, how much is left after the direct cost of making the product/service. Higher = more efficient.
88.7%β–Ό βˆ’2.3% YoY
Operating IncomeProfit from the core business after operating costs, but before interest and taxes. Negative means the core business isn’t profitable yet.
$124Mβ–Ό βˆ’26.3% YoY
Free Cash FlowCash left over after running the business and paying for equipment/capex. Negative means the company is burning cash.
$175Mβ–Ό βˆ’32.4% YoY
Shares OutstandingHow many shares exist. Rising means the company is issuing more shares, which dilutes (shrinks) each existing owner’s slice.
28.3Mβ–Ό βˆ’0.9% YoY
Net CashCash minus total debt. Positive = more cash than debt (financially strong); negative = more debt than cash (net debt).
βˆ’$346Mβ–Ό βˆ’$194M YoY
StockOtter Β· stockotter.space

About INNOVATIVE INDUSTRIAL PROPER

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.

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Otter Score Breakdown

How it's scoredFive components, each rated 1–5β˜… and equally weighted (20%), averaged to a 0–100 score:πŸ’Ž Quality β€” gross marginπŸš€ Growth β€” revenue YoYβš–οΈ Valuation β€” P/S ratio⚑ Momentum β€” 30-day price changeπŸ’§ Dilution β€” 1-yr share issuance (buybacks score higher)
πŸ’ŽQualityβ˜…β˜…β˜…β˜…β˜…
πŸš€Growthβ˜…β˜…β˜…β˜…β˜…
βš–οΈValuationβ˜…β˜…β˜…β˜…β˜…
⚑Momentumβ˜…β˜…β˜…β˜…β˜…
πŸ’§Dilutionβ˜…β˜…β˜…β˜…β˜…
Overall Score
Very Good
88/100

Analyst Ratings

β“˜
Consensus
Hold
11 analysts
Strong Buy0
Buy1
Hold6
Sell2
Strong Sell2
Ratings as of Sep 2026

Latest News & Updates

πŸš€
Zacks Investment ResearchΒ·6h ago

Innovative Industrial Properties (IIPR) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Innovative Industrial Properties (IIPR) closed the most recent trading day at $54.51, moving 1.27% from the previous trading session.

Defense WorldΒ·1d ago

Innovative Industrial Properties, Inc. (IIPR) To Go Ex-Dividend on September 30th

Innovative Industrial Properties, Inc. (NYSE: IIPR - Get Free Report) declared a quarterly dividend on Tuesday, September 15th. Investors of record on Wednesday, September 30th will be given a dividend of $1.90 per share

Seeking AlphaΒ·1d ago

Innovative Industrial Properties: Resilient 13%+ Yield, But Too Risky At The Moment

Innovative Industrial Properties remains a high-risk, high-reward REIT, rated hold due to persistent tenant defaults and elevated dividend cut risk. Q2 revenue and AFFO declined sequentially, driven by additional tenant

Seeking AlphaΒ·9d ago

The REIT Conundrum

REITs have evolved into a larger, more diversified, and better-capitalized asset class, now less sensitive to Treasury yields than in prior cycles. Modern REITs feature lower leverage (34.4% debt), predominantly fixed-ra

Zacks Investment ResearchΒ·11d ago

Innovative Industrial Properties (IIPR) Stock Sinks As Market Gains: Here's Why

Innovative Industrial Properties (IIPR) reached $55.62 at the closing of the latest trading day, reflecting a -1.44% change compared to its last close.

Business WireΒ·14d ago

Innovative Industrial Properties Declares Third Quarter 2026 Dividends

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (β€œIIP” or the β€œCompany”) announced today that its board of directors has declared a third quarter 2026 dividend of $1.90 per share of common