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Innovative Industrial Properties (IIPR)
NYSE:IIPR
RESEARCH TOOLSreports
IIPR Stock Chart & Stats
Day’s Range― - ―
52-Week Range$45.44 - $138.35
Previous CloseN/A
Volume87.71K
Average Volume (3M)356.21K
Market Cap
$1.54B
Enterprise Value$1.79B
Total Cash (Recent Filing)$128.01M
Total Debt (Recent Filing)$289.50M
Price to Earnings (P/E)11.9
Beta1.09
Next Earnings
Oct 29, 2025EPS Estimate
0.9Last Dividend Ex-Date
Jun 30, 2025Dividend Yield13.84%
Share Statistics
EPS (TTM)0.86
Shares Outstanding28,022,700
10 Day Avg. Volume349,483
30 Day Avg. Volume356,208
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap1.16
Enterprise Value/Revenue5.86
Enterprise Value/Gross Profit6.48
Enterprise Value/Ebitda7.39
Forecast
1Y Price Target
$65.67Price Target Upside19.55% Upside
Rating ConsensusHold
Number of Analyst Covering5
Bulls Say, Bears Say
Bulls Say
Bears Say
Cannabis Industry ChallengesCannabis pricing pressures persist across all major states which continue to weigh on operator performance.
Dividend RiskThe dividend is expected to be reduced, which may pressure the stock price as dividends provide support for the stock.
Earnings OutlookLatest earnings call commentary from public operators highlighted expectations that a recovery in the industry has yet to be on the horizon.
Investor SentimentThe decline in investor sentiment is due to operator defaults and exposure to the cannabis industry, which is currently out of favor.
Tenant DefaultsInnovative Industrial Properties declared certain tenants in default and a default on a mortgage loan, which could impact earnings if defaults are not cured.
Innovative Industrial Properties News
IIPR FAQ
What was Innovative Industrial Properties’s price range in the past 12 months?
Innovative Industrial Properties lowest stock price was $45.44 and its highest was $138.35 in the past 12 months.
What is Innovative Industrial Properties’s market cap?
Innovative Industrial Properties’s market cap is $1.54B.
When is Innovative Industrial Properties’s upcoming earnings report date?
Innovative Industrial Properties’s upcoming earnings report date is Oct 29, 2025 which is in 62 days.
How were Innovative Industrial Properties’s earnings last quarter?
Innovative Industrial Properties released its earnings results on Aug 06, 2025. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.913 by -$0.053.
Is Innovative Industrial Properties overvalued?
According to Wall Street analysts Innovative Industrial Properties’s price is currently Undervalued.
Does Innovative Industrial Properties pay dividends?
Innovative Industrial Properties pays a Quarterly dividend of $1.9 which represents an annual dividend yield of 13.84%. See more information on Innovative Industrial Properties dividends here
What is Innovative Industrial Properties’s EPS estimate?
Innovative Industrial Properties’s EPS estimate is 0.9.
How many shares outstanding does Innovative Industrial Properties have?
Innovative Industrial Properties has 28,022,700 shares outstanding.
What happened to Innovative Industrial Properties’s price movement after its last earnings report?
Innovative Industrial Properties reported an EPS of $0.86 in its last earnings report, missing expectations of $0.913. Following the earnings report the stock price went down -10.694%.
Which hedge fund is a major shareholder of Innovative Industrial Properties?
Currently, no hedge funds are holding shares in IIPR
Innovative Industrial Properties Stock Smart Score
Neutral
1
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4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$65.67 (19.55% Upside)
$65.67 (19.55% Upside)
Blogger Sentiment
Bullish
IIPR Sentiment 86%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 4.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▲ 0.1%
Last 30 Days ▼ 1.7%
Last 30 Days ▼ 1.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-51.60%
12-Months-Change
Fundamentals
Return on Equity
7.04%
Trailing 12-Months
Asset Growth
-3.32%
Trailing 12-Months
Company Description
Innovative Industrial Properties
Innovative Industrial Properties, Inc. (IIPR) is a real estate investment trust (REIT) that specializes in the acquisition, ownership, and management of specialized industrial properties leased to experienced operators in the regulated cannabis industry. The company focuses on properties that are designed for the cultivation, processing, and distribution of cannabis products, providing a unique investment opportunity in a rapidly growing sector. IIPR's portfolio includes properties across various states in the U.S., enabling it to capitalize on the increasing legalization and acceptance of cannabis.
IIPR Company Deck
IIPR Earnings Call
Q2 2025
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment with significant strategic moves and financial stability being overshadowed by revenue declines and tenant challenges. The investment in IQHQ represents a positive diversification step, but ongoing issues in the cannabis sector pose substantial hurdles.View all IIPR earnings summariesIIPR Stock 12 Month Forecast
Average Price Target
$65.67
▲(19.55% Upside)
Technical Analysis
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Ownership Overview
1.61% Insiders
19.16% Mutual Funds
5.29% Other Institutional Investors
39.48% Public Companies and Individual Investors