IIPR logo

INNOVATIVE INDUSTRIAL PROPER

IIPRNYSE
🏆 #2189 by market capEarnings Nov 2US Equity
$630.67▲ $2.84 (+0.45%)
Simulated price
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🏦Market Cap
$1.52B
Small Cap
📈Revenue Growth (YoY)
-8.4%
Declining
📊Gross Margin
88.3%
High
💵FCF Margin
70.5%
Strong
⚖️P/S Ratio
5.8x
Fair
Otter Score
88
Very Good
No chart data available for IIPR.

Trading Snapshot

Day Range
$624.48 – $640.65
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)
−0.9%

Why Investors Own IIPR

  • ✓High-growth profile — revenue up +27.6% YoY with expanding US Equity exposure.
  • ✓Healthy economics — 73% gross margin and 23% free-cash-flow margin.
  • ✓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.
$266M▼ −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%▼ −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.
$124M▼ −26.3% YoY
Free Cash FlowCash left over after running the business and paying for equipment/capex. Negative means the company is burning cash.
$175M▼ −32.4% YoY
Shares OutstandingHow many shares exist. Rising means the company is issuing more shares, which dilutes (shrinks) each existing owner’s slice.
28.3M▼ −0.9% YoY
Net CashCash minus total debt. Positive = more cash than debt (financially strong); negative = more debt than cash (net debt).
−$346M▼ −$194M YoY
StockOtter · 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 1–5★ and equally weighted (20%), averaged to a 0–100 score:💎 Quality — gross margin🚀 Growth — revenue YoY⚖️ Valuation — P/S ratio⚡ Momentum — 30-day price change💧 Dilution — 1-yr share issuance (buybacks score higher)
💎Quality★★★★★
🚀Growth★★★★★
⚖️Valuation★★★★★
⚡Momentum★★★★★
💧Dilution★★★★★
Overall Score
Very Good
88/100

Analyst Price Target

ⓘ
Average Target
$840.61
▲ +33.3% Upside
High Target$1,058.78
Low Target$694.01
Based on 9 analysts

Latest News & Updates

🚀
MarketWatch·2h ago

INNOVATIVE INDUSTRIAL PROPER tops quarterly estimates as demand accelerates

Revenue grew double digits with management guiding above consensus; margins continued to expand.

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MarketWatch·5h ago

Analysts lift IIPR price targets on improving margins

Several firms raised targets, citing stronger free cash flow and a healthier backlog.

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Reuters·1d ago

INNOVATIVE INDUSTRIAL PROPER announces new agreement to expand its footprint

The move broadens the company’s reach and could add incremental revenue over the next year.