Innovative Industrial Properties (IIPR)
NYSE:IIPR
IIPR Stock Chart & Stats
$50.21
-$0.97(-1.46%)
At close: 4:00 PM EST
$50.21
-$0.97(-1.46%)
Day’s Range― - ―
52-Week Range$44.58 - $59.83
Previous CloseN/A
Volume87.71K
Average Volume (3M)345.71K
Market Cap
$1.41B
Enterprise Value$1.74B
Total Cash (Recent Filing)$47.60M
Total Debt (Recent Filing)$393.70M
Price to Earnings (P/E)11.6
Beta0.72
Next Earnings
May 13, 2026EPS Estimate
1.07Next Dividend Ex-DateN/A
Dividend Yield13.07%
Share Statistics
EPS (TTM)1.06
Shares Outstanding28,135,864
10 Day Avg. Volume321,902
30 Day Avg. Volume345,709
Financial Highlights & Ratios
PEG Ratio-0.40
Price to Book (P/B)0.72
Price to Sales (P/S)4.99
P/FCF Ratio7.59
Enterprise Value/Market Cap1.23
Enterprise Value/Revenue6.53
Enterprise Value/Gross Profit8.74
Enterprise Value/Ebitda8.17
Forecast
1Y Price Target
$58.75Price Target Upside17.01% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)4.43
Revenue Forecast (FY)$264.78M
Bulls Say, Bears Say
Bulls Say
Leasing ActivitySignificant leasing of previously vacant facilities and executed leases can generate additional rental income and support earnings as new tenants begin paying rent.
Liquidity And Capital StructureCapital raised through preferred equity issuances and a secured credit facility tied to a strategic real estate investment strengthens liquidity for operations and potential refinancings.
Sector Consolidation OpportunitiesIncreased merger and acquisition activity in the cannabis sector driven by lenders taking control of distressed operators may create new leasing and recapitalization opportunities for the company's properties.
Bears Say
Refinancing RiskA maturing bond presents refinancing risk that requires a clear financing plan and could pressure the balance sheet and share valuation if refinancing terms are unfavorable.
Tenant Defaults And Legal EntanglementsTenant defaults and assets tied up in receivership or litigation constrain cash flow and create operational and valuation uncertainty while legal outcomes remain pending.
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 $44.58 and its highest was $59.83 in the past 12 months.
What is Innovative Industrial Properties’s market cap?
Innovative Industrial Properties’s market cap is $1.41B.
When is Innovative Industrial Properties’s upcoming earnings report date?
Innovative Industrial Properties’s upcoming earnings report date is May 13, 2026 which is in 36 days.
How were Innovative Industrial Properties’s earnings last quarter?
Innovative Industrial Properties released its earnings results on Feb 23, 2026. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.047 by $0.013.
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 13.07%. See more information on Innovative Industrial Properties dividends here
What is Innovative Industrial Properties’s EPS estimate?
Innovative Industrial Properties’s EPS estimate is 1.07.
How many shares outstanding does Innovative Industrial Properties have?
Innovative Industrial Properties has 28,135,864 shares outstanding.
What happened to Innovative Industrial Properties’s price movement after its last earnings report?
Innovative Industrial Properties reported an EPS of $1.06 in its last earnings report, beating expectations of $1.047. Following the earnings report the stock price went up 10.702%.
Which hedge fund is a major shareholder of Innovative Industrial Properties?
Currently, no hedge funds are holding shares in IIPR
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Innovative Industrial Properties Stock Smart Score
Neutral
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10
Analyst Consensus
Hold
Average Price Target:
$58.75 (17.01% Upside)
$58.75 (17.01% Upside)
Blogger Sentiment
Bullish
IIPR Sentiment 80%
Sector Average 67%
Sector Average 67%
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.2%
Last 30 Days ▼ 1.9%
Last 30 Days ▼ 1.9%
Technicals
SMA
Positive
20 days / 200 days
Momentum
2.85%
12-Months-Change
Fundamentals
Return on Equity
6.29%
Trailing 12-Months
Asset Growth
-0.30%
Trailing 12-Months
Company Description
Innovative Industrial Properties
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
IIPR Company Deck
IIPR Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a mix of constructive operational and financial progress—improving AFFO, meaningful leasing and re-tenanting momentum, strong liquidity management and strategic life-science diversification—while notable legacy issues remain around troubled tenants, ongoing litigation/receiverships, one-time rent recoveries and near-term refinancing/legal uncertainties. Management emphasized execution progress and multiple tangible leasing wins that suggest earnings upside as receiverships conclude, but several risks (legal outcomes, refinancing, re-leasing rate variability and remaining IQHQ funding) persist.View all IIPR earnings summariesIIPR Stock 12 Month Forecast
Average Price Target
$58.75
▲(17.01% Upside)
Technical Analysis
Stag Industrial
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First Industrial Realty
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LXP Industrial Trust
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Industrial Logistics Properties
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Ownership Overview
1.90% Insiders
17.41% Mutual Funds
5.21% Other Institutional Investors
39.98% Public Companies and Individual Investors