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Innovative Industrial Properties (IIPR)
:IIPR
IIPR Stock Chart & Stats
$54.64
-$0.97(-1.46%)
At close: 4:00 PM EST
$54.64
-$0.97(-1.46%)
Day’s Range― - ―
52-Week Range$45.44 - $112.83
Previous CloseN/A
Volume87.71K
Average Volume (3M)310.85K
Market Cap
$1.36B
Enterprise Value$1.86B
Total Cash (Recent Filing)$36.67M
Total Debt (Recent Filing)$340.23M
Price to Earnings (P/E)11.4
Beta0.92
Next Earnings
Feb 25, 2026EPS Estimate
1.05Last Dividend Ex-Date
Sep 30, 2025Dividend Yield15.69%
Share Statistics
EPS (TTM)0.97
Shares Outstanding28,022,976
10 Day Avg. Volume332,188
30 Day Avg. Volume310,845
Financial Highlights & Ratios
PEG Ratio-2.82
Price to Book (P/B)0.97
Price to Sales (P/S)6.10
P/FCF Ratio7.28
Enterprise Value/Market Cap1.37
Enterprise Value/Revenue6.73
Enterprise Value/Gross Profit7.55
Enterprise Value/Ebitda8.80
Forecast
1Y Price Target
$61.33Price Target Upside12.24% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Stock ValuationThe midpoint of our sensitivity analysis remains at $57, near the latest closing share price of $56.69, and as such we find the stock near its fair value given associated risks.
Bears Say
Cannabis Industry ChallengesCannabis pricing pressures persist across all major states which continue to weigh on operator performance.
Dividend RiskThe current quarterly dividend is at risk due to reduced earnings power and the high payout ratio.
Earnings OutlookLatest earnings call commentary from public operators highlighted expectations that a recovery in the industry has yet to be on the horizon.
Tenant DefaultsThree tenants and one loan borrower were declared in default after failing to pay contractual obligations, which impacts 27% of IIPR's rental income.
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 $112.83 in the past 12 months.
What is Innovative Industrial Properties’s market cap?
Innovative Industrial Properties’s market cap is $1.36B.
When is Innovative Industrial Properties’s upcoming earnings report date?
Innovative Industrial Properties’s upcoming earnings report date is Feb 25, 2026 which is in 100 days.
How were Innovative Industrial Properties’s earnings last quarter?
Innovative Industrial Properties released its earnings results on Nov 03, 2025. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.903 by $0.067.
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 15.69%. See more information on Innovative Industrial Properties dividends here
What is Innovative Industrial Properties’s EPS estimate?
Innovative Industrial Properties’s EPS estimate is 1.05.
How many shares outstanding does Innovative Industrial Properties have?
Innovative Industrial Properties has 28,022,976 shares outstanding.
What happened to Innovative Industrial Properties’s price movement after its last earnings report?
Innovative Industrial Properties reported an EPS of $0.97 in its last earnings report, beating expectations of $0.903. Following the earnings report the stock price went up 0.546%.
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
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10
Analyst Consensus
Hold
Average Price Target:
$61.33 (12.24% Upside)
$61.33 (12.24% Upside)
Blogger Sentiment
Bullish
IIPR Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 4.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.2%
Last 30 Days ▼ 2.3%
Last 30 Days ▼ 2.3%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-46.86%
12-Months-Change
Fundamentals
Return on Equity
6.49%
Trailing 12-Months
Asset Growth
-2.40%
Trailing 12-Months
Company Description
Innovative Industrial Properties
Innovative Industrial Properties (IIPR) is a real estate investment trust (REIT) that specializes in the acquisition, ownership, and management of specialized industrial properties, primarily focused on the regulated cannabis industry in the United States. The company provides sale-leaseback transactions to licensed cannabis operators, enabling them to access capital while IIPR benefits from long-term leases and stable cash flows from its properties.
IIPR Company Deck
IIPR Earnings Call
Q3 2025
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted strategic investments and financial strength, particularly with the investment in IQHQ and new credit facilities. However, the company continues to face challenges with tenant defaults and legal proceedings, as well as uncertainties in both the cannabis and life science markets.View all IIPR earnings summariesIIPR Stock 12 Month Forecast
Average Price Target
$61.33
▲(12.24% Upside)
Technical Analysis
Stag Industrial
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First Industrial Realty
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LXP Industrial Trust
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Plymouth Industrial Reit
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Industrial Logistics Properties
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Ownership Overview
1.61% Insiders
18.77% Mutual Funds
4.38% Other Institutional Investors
41.01% Public Companies and Individual Investors