IIPR — Innovative Industrial Properties, Inc. stock price, charts and financials

QT64Innovative Industrial Properties, Inc.

Innovative Industrial Properties, Inc. (NYSE: IIPR) is a Real Estate company in the REIT - Industrial industry. QuoTrend tracks its price, financials, earnings, analyst ratings and insider trades.

Latest market price
57.48
-1.68-2.84%
OverviewShort InterestFilings
IIPRQT64Innovative Industrial Properties, Inc.·NYSE
57.48-2.84%
TA
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Signal & projected range
Earnings big beat — drift (PEAD)Historical pattern — not a prediction
Recent priceDays this stock last showed the setupRange of past outcomes (±1σ)
Horizon
0%Past 3 monthsToday
Unlock the projected rangeSee where this setup landed historically — with Premium.

Over the next 20 trading days, similar setups historically landed in a measured range of outcomes. Premium shows the median return, the typical range, and how often they were positive. This is the historical range of outcomes — not a prediction of this stock’s price.

Ranges describe how this exact setup resolved in the past — derived from thousands ofhistorical occurrences across QuoTrend’s coverage since 2006, survivorship-corrected to include companies that later delisted. The band is the typical spread (±1σ) of those outcomes, not a forecast; the central value is their average move. Fewer matching cases over longer horizons widen the band and lower its reliability. Backtested results are hypothetical, based on historical data, and do not represent actual trading. Past performance does not guarantee or predict future results. QuoTrend is an educational research tool, not investment advice. Markets involve risk, including loss of principal.

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SMA-0.90%$34.00SCCE-0.20%$24.49NSA-1.77%$43.40LXP+0.28%$60.73COLD-2.51%$14.59ILPT-0.46%$8.74JAN-0.89%$30.20STAG-1.43%$36.77
Snapshot
Index-P/E13.12EPS (ttm)4.51Insider Own5.10%Shs Outstand29.00MPerf Week0.60%
Market Cap1.72BForward P/E12.35EPS next Y4.79Insider Trans0.00%Shs Float27.02MPerf Month-6.14%
Enterprise Value2.12BPEG-EPS next Q-Inst Own-Short Float14.40%Perf Quarter4.54%
Income140.49MP/S6.51EPS this Y14.29%Inst Trans-Short Ratio10.03Perf Half Y24.03%
Sales263.65MP/B0.91EPS next Y6.92%ROA5.34%Short Interest3.89MPerf YTD24.92%
Book/sh-P/C6.66EPS next 5Y-ROE7.39%52W High63.52 -9.51%Perf Year14.61%
Cash/sh-P/FCF6.87EPS past 3/5Y-10.71% 3.75%ROIC5.59%52W Low43.31 32.71%Perf 3Y-22.73%
Dividend Est.7.60 (13.22%)EV/EBITDA8.89Sales past 3/5Y-1.22% 17.85%Gross Margin62.92%Volatility3.72% 2.86%Perf 5Y-72.48%
Dividend TTM7.60 (13.22%)EV/Sales8.04EPS Y/Y TTM-28.99%Oper. Margin52.31%ATR (14)1.85Perf 10Y-
Dividend Ex-DateJun 30, 2026Quick Ratio1.36Sales Y/Y TTM-14.56%Profit Margin52.27%RSI (14)42.50Recom2.73
Dividend Gr. 3/5Y2.29% 11.20%Current Ratio1.36EPS Q/Q-46.39%SMA20-3.85%Beta1.38Target Price84.67
Payout200.56%Debt/Eq0.33Sales Q/Q-4.17%SMA50-2.85%Rel Volume0.65Prev Close59.16
Employees23LT Debt/Eq0.04EarningsNov 02SMA2009.74%Avg Volume363.88KPrice57.48
IPO DateDec 01, 2016Option/ShortYes / YesEPS/Sales Surpr.-3.11% 5.10%Net Debt/EBITDA1.70Volume237,862Change-2.84%
Analyst Ratings
DateActionAnalystRatingTarget
Mar-03-26UpgradeCompass PointSell → Neutral
Nov-05-25ReiteratedPiper SandlerUnderweight$45 → $44
Jul-02-25DowngradeWolfe ResearchOutperform → Peer Perform
Apr-15-25ReiteratedPiper SandlerUnderweight$60 → $45
Mar-31-25DowngradeCompass PointNeutral → Sell
Mar-18-25ReiteratedIndustrial Alliance Securities$140 → $60
Mar-17-25ReiteratedPiper SandlerUnderweight$118 → $60
Dec-23-24DowngradeBTIGBuy → Neutral
Dec-20-24DowngradeCompass PointBuy → Neutral
Nov-15-24ReiteratedPiper SandlerNeutral$120 → $118
Latest News
Aug-05-26
Aug-05-2608:00AM
Innovative Industrial Properties: I'm Still Bullishseekingalpha.com
03:04AM
Innovative Industrial Properties Q2 Earnings Call Highlightsmarketbeat.com
Aug-04-26
Aug-04-2605:40PM
Innovative Industrial Properties, Inc. (IIPR) Q2 2026 Earnings Call Transcriptseekingalpha.com
02:47PM
Innovative Industrial Properties: The Bull Case Is Tempting, But It's Not For Meseekingalpha.com
Aug-03-26
Aug-03-2607:46PM
Innovative Industrial Properties (IIPR) Q2 FFO Surpass Estimateszacks.com
04:40PM
Innovative Industrial Properties Reports Second Quarter 2026 Resultsbusinesswire.com
04:16PM
Innovative Ind Props Q2 FFO $1.83 Beats $1.77 Estimate, Sales $63.315M Miss $66.806M EstimateBenzinga
Jul-31-26
Jul-31-2607:55PM
Innovative Industrial Properties Inc (IIPR) Stock Down 3.2% -- Now Undervalued? GF Score: 78/100gurufocus.com
Jul-30-26
Jul-30-2603:28AM
Arrowstreet Capital Limited Partnership Raises Position in Innovative Industrial Properties, Inc. $IIPRdefenseworld.net
Jul-28-26
Jul-28-2607:16PM
Innovative Industrial Properties (IIPR) Stock Dips While Market Gains: Key Factszacks.com
10:46AM
4 High Shareholder Yield Stocks to Buy Amid Rising Uncertaintyzacks.com
09:56AM
These 2 Finance Stocks Could Beat Earnings: Why They Should Be on Your Radarzacks.com
Jul-23-26
Jul-23-2612:31PM
REIT Rebound: 3 Top REITs Averaging 9.8% FWD YieldSeekingAlpha
Jul-21-26
Jul-21-2607:15PM
Innovative Industrial Properties (IIPR) Stock Sinks As Market Gains: Here's Whyzacks.com
01:37PM
Piper Sandler Maintains Underweight on Innovative Ind Props, Raises Price Target to $51Benzinga
Company

Innovative Industrial Properties, Inc. is an independently managed, Maryland-based corporation primarily focused on acquiring, owning, and overseeing unique real estate assets. These properties are subsequently leased to experienced, state-licensed operators who utilize them for their regulated medical cannabis facilities. For tax purposes, the company adopted the structure of a Real Estate Investment Trust (REIT) starting from the end of 2017.

Ownership

Per-holder 13F data hasn't been ingested for this ticker yet.

Financial Statements
DataTimeframe
Line Item (USD, M)
TTM
—
FY 2025
12/31/2025
FY 2024
12/31/2024
FY 2023
12/31/2023
FY 2022
12/31/2022
FY 2021
12/31/2021
FY 2020
12/31/2020
FY 2019
12/31/2019
FY 2018
12/31/2018
Total Revenue264266309——————
Cost of Goods Sold Incl. D&A983028——————
Gross Profit166236280——————
Selling, General and Administrative Excl. Other353437——————
Research and Development
000——————
Other Operating Expense-87875——————
Operating Income137124168——————
Interest Expense262016——————
Unusual Expense
—————————
Non-Operating Income (Expense)251110——————
Net Income Before Taxes138114162——————
Income Taxes
000——————
Consolidated Net Income138114162——————
Net Income From Continuing Operations138114162——————
Net Income138114162——————
EPS (Recurring)4.513.985.58——————
EPS (Basic, Before Extraordinaries)4.513.985.58——————
EPS (Diluted)4.423.935.52——————
EBITDA238209249——————
Other After Tax Adjustments
—————————
Stock Option Compensation Expense
—————————
Price To Earnings Ratio13.0012.0512.07——————
Price To Sales Ratio6.104.996.04——————
Gross Margin62.8888.7290.61——————
Operating Margin51.8946.6254.37——————
Net Margin52.2742.8652.43——————
Shares Outstanding282828——————
Market Capitalization1,6091,3261,866——————
Operating Lease Expense
—————————
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Insider Trading Volume
$67.68$61.15$54.63$48.10$41.57● Close Price0.00K61.78K123.56K185.35K247.13KUSD Trades VolumeAugSepOctNovDec2026FebMarAprMayJunJulAug
Insider Trading
InsiderRelationshipDateTransactionCost#SharesValue ($)#Shares TotalSEC Form 4
Shoemaker ScottDirectorJan 02 '26Option Exercise0.0091102,611Feb 03
Smithers Paul E.PRESIDENT, CEO AND DIRECTORJan 02 '26Option Exercise0.0010,6530108,103Jan 06
Smith David JonCFO AND TREASURERJan 01 '26Option Exercise0.004,55505,155Jan 05
Gold Alan DEXECUTIVE CHAIRMANNov 24 '25Buy49.092,600127,6342,600Nov 25
Smith David JonCFO AND TREASURERNov 20 '25Buy45.9060027,540600Nov 20
Gold Alan DEXECUTIVE CHAIRMANNov 20 '25Buy45.701,00045,69558,500Nov 20
Gold Alan DEXECUTIVE CHAIRMANNov 19 '25Buy46.261,00046,26057,500Nov 20
Stecher DavidDirectorMar 03 '25Sale70.557,599536,1091,346Mar 05
Stecher DavidDirectorNov 15 '23Sale80.752,500201,8887,529Nov 15
Gold Alan Ddirector: EXECUTIVE CHAIRMANAug 12 '22Buy97.791,00097,793213,308Aug 12
Gold Alan Ddirector: EXECUTIVE CHAIRMANAug 10 '22Buy94.221,00094,220212,308Aug 11
Kreitzer Gary Adirector:Mar 15 '22Sale30.132,19666,16428,000Mar 15
Kreitzer Gary Adirector:Mar 10 '22Sale31.051,10434,28330,196Mar 14
Gold Alan DEXECUTIVE CHAIRMANNov 17 '21Sale33.952,987101,39930,577Nov 17
Gold Alan DEXECUTIVE CHAIRMANNov 16 '21Sale34.19923,14633,564Nov 17
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QuoTrend signals describe historical patterns and statistics — educational information, not investment advice or a recommendation to buy or sell. Past performance doesn’t guarantee future results. Every figure traces to QuoTrend data. Historical patterns — not a prediction or advice.