INNOVATIVE INDUSTRIAL PROPER
IIPRNYSETrading Snapshot
- Day Range
- $53.97 β $55.37
- 52-Week Range
- $44.58 β $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)
- β0.9%
Why Investors Own IIPR
- βHigh-growth profile β revenue up +27.6% YoY with expanding US Equity exposure.
- βHealthy economics β 73% gross margin and 23% free-cash-flow margin.
- βNew products and segments could unlock additional revenue streams.
Execution delays, intensifying competition, and valuation compression if growth decelerates.
INNOVATIVE INDUSTRIAL PROPER
IIPRAbout 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.
Otter Score Breakdown
How it's scoredFive components, each rated 1β5β and equally weighted (20%), averaged to a 0β100 score:π Quality β gross marginπ Growth β revenue YoYβοΈ Valuation β P/S ratioβ‘ Momentum β 30-day price changeπ§ Dilution β 1-yr share issuance (buybacks score higher)Analyst Ratings
βLatest News & Updates
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.

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

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

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

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.

Innovative Industrial Properties Declares Third Quarter 2026 Dividends
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (βIIPβ or the βCompanyβ) announced today that its board of directors has declared a third quarter 2026 dividend of $1.90 per share of common