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Innovative Industrial Properties, Inc. (IIPR)

52.04 -1.42 (-2.66%)
At close: October 30 at 4:00:03 PM EDT
52.04 0.00 (0.00%)
After hours: October 30 at 4:01:11 PM EDT
Trade IIPR on Coinbase
Chart Range Bar
Loading chart for IIPR
  • Previous Close 53.46
  • Open 53.50
  • Bid 51.00 x 10000
  • Ask 53.95 x 10000
  • Day's Range 51.86 - 53.64
  • 52 Week Range 44.58 - 65.38
  • Volume 309,999
  • Avg. Volume 359,238
  • Market Cap (intraday) 1.435B
  • Beta (5Y Monthly) 1.42
  • PE Ratio (TTM) 12.10
  • EPS (TTM) 4.30
  • Earnings Date Nov 2, 2026
  • Forward Dividend & Yield 7.60 (14.22%)
  • 1y Target Est 61.45
  • Zacks Rating Neutral

Innovative Industrial Properties, Inc. is an internally managed real estate investment trust focused on the acquisition, ownership and management of specialized industrial properties and financial investments in the life science industry. As of June 30, 2026, we owned 108 properties comprising an aggregate of approximately 8.4 million rentable square feet in 19 states. Innovative Industrial Properties, Inc. was established on June 15th 2016 and is incorporated in Maryland.

www.innovativeindustrialproperties.com

24

Full Time Employees

December 31

Fiscal Year Ends

Real Estate

Sector

Performance Overview

Trailing total returns as of 10/30/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

IIPR
21.94%
S&P 500 (^GSPC)
10.73%

1-Year Return

IIPR
19.82%
S&P 500 (^GSPC)
11.11%

3-Year Return

IIPR
3.98%
S&P 500 (^GSPC)
81.91%

5-Year Return

IIPR
68.14%
S&P 500 (^GSPC)
64.59%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 63.31M
Earnings 40.66M
Profit Margin 64.23%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

0
20M
40M
60M
45.0%
50.0%
55.0%
60.0%

Analyst Insights

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Analyst Price Targets

44.00 Low
61.45 Average
52.04 Current
90.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/14/2026
Analyst Stifel
Rating Action Initiated
Rating Buy
Price Action Announces
Price Target 56.25

Statistics

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Valuation Measures

Annual
As of 10/29/2026
  • Market Cap

    1.47B

  • Enterprise Value

    1.97B

  • Trailing P/E

    12.10

  • Forward P/E

    11.99

  • PEG Ratio (current)

    6.31

  • Price/Sales (ttm)

    5.83

  • Price/Book (mrq)

    0.86

  • Enterprise Value/Revenue

    7.46

  • Enterprise Value/EBITDA

    9.43

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    52.27%

  • Return on Assets (ttm)

    3.27%

  • Return on Equity (ttm)

    7.39%

  • Revenue (ttm)

    263.65M

  • Net Income Avi to Common (ttm)

    126.2M

  • Diluted EPS (ttm)

    4.30

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    204.73M

  • Total Debt/Equity (mrq)

    32.89%

  • Levered Free Cash Flow (ttm)

    99.87M

Compare

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Company Insights

Fair Value

52.04 Current

Dividend Score

0 Low
Sector Avg.
100 High

Hiring Score

0 Low
Sector Avg.
100 High

Insider Sentiment Score

0 Low
Sector Avg.
100 High

Research Reports

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  • What does Argus have to say about IIPR?

    Innovative Industrial Properties Inc has an Investment Rating of HOLD; a target price of $50.000000; an Industry Subrating of Medium; a Management Subrating of Medium; a Safety Subrating of Low; a Financial Strength Subrating of High; a Growth Subrating of Medium; and a Value Subrating of Medium.

  • Raising target price to $50.00

    Innovative Industrial Properties Inc has an Investment Rating of HOLD; a target price of $50.000000; an Industry Subrating of Medium; a Management Subrating of Medium; a Safety Subrating of Low; a Financial Strength Subrating of High; a Growth Subrating of Medium; and a Value Subrating of Medium.

  • Raising target price to $49.00

    Innovative Industrial Properties Inc has an Investment Rating of HOLD; a target price of $49.000000; an Industry Subrating of Medium; a Management Subrating of Medium; a Safety Subrating of Low; a Financial Strength Subrating of High; a Growth Subrating of Medium; and a Value Subrating of Medium.

  • Lowering target price to $48.00

    Innovative Industrial Properties Inc has an Investment Rating of HOLD; a target price of $48.000000; an Industry Subrating of Medium; a Management Subrating of Medium; a Safety Subrating of Low; a Financial Strength Subrating of High; a Growth Subrating of Medium; and a Value Subrating of Medium.

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