Open an account

Innovative Industrial Properties

IIPR · NYSE

$52.77+$1.16 (+2.25%)TodayMarket closed ·
Prev close $51.61

About IIPR

Innovative Industrial Properties, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. The company is headquartered in Park City, Utah and currently employs 23 full-time employees. The company went IPO on 2016-11-29. The firm is focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated cannabis facilities. The company acquires its properties through sale-leaseback transactions and third-party purchases. The firm owns approximately 109 properties comprising an aggregate of 9.0 million rentable square feet (including 666,000 rentable square feet under development/redevelopment) in 19 states, including Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington. Its subsidiary is IIP Operating Partnership, LP (Operating Partnership).

Employees
23
Headquarters
Park City, Utah
Listed
Nov 29, 2016
Sector
Real Estate
Industry
Industrial REITs
Website
innovativeindustrialproperties.com

IIPR key statistics

Market cap
1.42B
Price-earnings ratio
11.70
Dividend yield
15.55%
Average volume
462.55K
Volume
162.87K
Open price
$52.01
High today
$52.98
Low today
$52.01
52 Week high
$65.38
52 Week low
$44.58

Innovative Industrial Properties (IIPR) at a glance

As of Oct 20, 2026, Innovative Industrial Properties (IIPR) shares are priced at $52.77, giving the company a market cap of 1.42B, a price-to-earnings ratio of 11.70 and a dividend yield of 15.55%.

Today the stock has traded between $52.01 and $52.98. The current price is 1.5% above the day's low and 0.4% below its high.

Volume so far is 162.87K shares, below the average of 462.55K shares a day.

Over the past year Innovative Industrial Properties has ranged from $44.58 to $65.38, and now sits 39% of the way up that range.

Innovative Industrial Properties met or beat analyst EPS estimates in 3 of the last 8 quarters. In Q2 FY26 it reported $1.36 per share against an estimate of $1.01.

The average analyst price target is $65.79, 24.7% above the current price, from 3 recent ratings.

Analyst ratings

Latest rating from each analyst over the past 12 months

33%of 3 analyst ratings say Buy
  • Buy33.3%
  • Hold33.3%
  • Sell33.3%
Price target · 6 analystsAvg $65.79
Low
$51.51
Now
$52.77
High
$94.50

IIPR earnings

Earnings per share, reported against the analyst estimate

Beat the estimate in 3 of the last 8 quarters, by 14.8% on average.

  1. Q3 FY24: reported $1.37 per share against an estimate of $1.48
  2. Q4 FY24: reported $1.36 per share against an estimate of $1.39
  3. Q1 FY25: reported $1.18 per share against an estimate of $1.21
  4. Q2 FY25: reported $0.86 per share against an estimate of $1.11
  5. Q3 FY25: reported $0.97 per share against an estimate of $0.9027
  6. Q4 FY25: reported $1.06 per share against an estimate of $1.03
  7. Q1 FY26: reported $1.02 per share against an estimate of $1.09
  8. Q2 FY26: reported $1.36 per share against an estimate of $1.01

IIPR news

  • Press releaseBusiness Wire

    Innovative Industrial Properties Announces Third Quarter 2026 Earnings Release Date and Conference Call

  • Press releaseBusiness Wire

    Innovative Industrial Properties Prices Public Offering of 9.25% Series B Cumulative Redeemable Preferred Stock

  • Press releaseBusiness Wire

    Innovative Industrial Properties Announces Launch of Series B Preferred Stock Offering

  • Press releaseBusiness Wire

    Innovative Industrial Properties Announces Mezzanine Loan Commitment of $245 Million for Alewife Park

  • Press releaseBusiness Wire

    Innovative Industrial Properties Declares Third Quarter 2026 Dividends

  • Press releasePRNewswire

    Glean:GO Brings Enterprise AI Leaders to San Francisco: NYSE Content Update

  • Press releaseBusiness Wire

    Innovative Industrial Properties Reports Second Quarter 2026 Results

  • Press releaseBusiness Wire

    Innovative Industrial Properties Announces Second Quarter 2026 Earnings Release Date and Conference Call

Similar companies

Companies in the same industry as Innovative Industrial Properties

Most active stocks

Highest trading volume today

Newly listed

Companies that went public in the past six weeks

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.