Innovative Industrial Properties (IIPR)
NYSE:IIPR
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IIPR Stock Chart & Stats
$52.94
-$0.97(-1.46%)
At close: 4:00 PM EST
$52.94
-$0.97(-1.46%)
Day’s Range― - ―
52-Week Range$44.58 - $59.83
Previous CloseN/A
Volume87.71K
Average Volume (3M)271.55K
Market Cap
$1.57B
Enterprise Value$1.92B
Total Cash (Recent Filing)$47.60M
Total Debt (Recent Filing)$393.70M
Price to Earnings (P/E)11.6
Beta0.71
Next Earnings
May 04, 2026EPS Estimate
1.07Next Dividend Ex-DateN/A
Dividend Yield13.07%
Share Statistics
EPS (TTM)1.06
Shares Outstanding28,135,864
10 Day Avg. Volume264,682
30 Day Avg. Volume271,551
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 Cap1.22
Enterprise Value/Revenue7.23
Enterprise Value/Gross Profit9.67
Enterprise Value/Ebitda9.04
Forecast
1Y Price Target
$58.75Price Target Upside10.97% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)4.43
Revenue Forecast (FY)$264.78M
Bulls Say, Bears Say
Bulls Say
Leasing MomentumSignificant leasing activity at previously vacant properties and active lease negotiations could drive rental income growth as new tenants begin paying rent.
Portfolio Occupancy StabilityA mostly leased and stable portfolio supports consistent rental revenue and reduces downside volatility in cash flows.
Sector Consolidation OpportunitiesIncreased merger and acquisition activity in the cannabis sector may create new leasing and recapitalization opportunities for the company's properties.
Bears Say
Refinancing RiskAn upcoming bond maturity requires a clear financing plan and could pressure the company's outlook if refinancing options are limited.
Tenant Credit And Legal EntanglementsTenant defaults and assets tied up in legal proceedings create revenue uncertainty until control is restored or leases are resolved.
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 $1.57B.
When is Innovative Industrial Properties’s upcoming earnings report date?
Innovative Industrial Properties’s upcoming earnings report date is May 04, 2026 which is in 5 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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Analyst Consensus
Hold
Average Price Target:
$58.75 (10.97% Upside)
$58.75 (10.97% Upside)
Blogger Sentiment
Bullish
IIPR Sentiment 80%
Sector Average 69%
Sector Average 69%
Crowd Wisdom
Positive
Last 7 Days ▲ 1.5%
Last 30 Days >0.1%
Last 30 Days >0.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
18.70%
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
▲(10.97% 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
17.72% Mutual Funds
0.57% Other Institutional Investors
44.05% Public Companies and Individual Investors