Innovative Industrial Properties, Inc. IIPR
56.33 USD +1.33 (+2.42%)
At closeNov 5, 2026, 4:01 AM EST
56.00 -0.33 -0.59%
Pre-market · Nov 5, 4:01 AM ET
55.20 Day range 56.79
44.58 52-week range 65.38
- YTD
- +18.94%
- 1 year
- +13.20%
- Market cap
- 1.55B
- Revenue (ttm)
- 263.65M
- Profit margin
- 52.27%
- EPS (ttm)
- 4.44
- Shares out
- 27.57M
- P/E ratio
- 12.69
- Forward P/E
- 12.84
- Dividend
- 7.60 (13.97%)
- Ex-dividend date
- Sep 29, 2026
- YTD return
- +18.94%
- 1-year return
- +13.20%
- Volume
- 517.14K
- Avg volume
- 360.30K
- Open
- 55.54
- Previous close
- 55.00
- Day's range
- 55.20 – 56.79
- 52-week range
- 44.58 – 65.38
- Beta
- 1.38
- Analysts
- Hold
- Price target
- 61.45 (+9.1%)
- Earnings date
- Feb 22, 2027
3M -5.36 (-8.88%)
Key statistics
- Enterprise value
- 2.05B
- PEG ratio
- 0.00
- Price / sales
- 5.89
- Price / book
- 0.88
- Dividend yield
- 13.97%
- Payout ratio
- 171.95%
- Revenue growth
- 0.70%
- Free cash flow
- 99.87M
- Total cash
- 204.73M
- Total debt
- 609.03M
- Return on equity
- 7.39%
- Short % of float
- 19.79%
- 50-day average
- 54.34
- 200-day average
- 55.10
Analyst view
Consensus: hold
Hold
Price target (mean) 61.45 +9.1% upside
Now 56.33
- Target (low)
- 44.00
- Target (mean)
- 61.45
- Target (high)
- 90.00
Ratings (0m) 7 2 buy · 4 hold · 1 sell
- Strong buy0
- Buy2
- Hold4
- Sell0
- Strong sell1
Next earnings
Feb 22, 2027
Expected Feb 22, 2027. Consensus EPS estimate 0.88.
Financials — quick view
IIPR Revenue — quarterly 64.92M
IIPR Net income — quarterly 31.89M
IIPR EPS — quarterly 1.01
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Feb 22, 2027 | Dec 30, 2026 | 0.94 | — | — | — |
| Nov 2, 2026 | Sep 30, 2026 | 0.90 | 0.99 | +0.09 | +10.00% |
| Aug 3, 2026 | Jun 30, 2026 | 1.02 | 1.36 | +0.34 | +33.33% |
| May 4, 2026 | Mar 31, 2026 | 1.07 | 1.04 | -0.03 | -2.80% |
| Feb 23, 2026 | Dec 31, 2025 | 1.05 | 1.07 | +0.02 | +1.90% |
| Nov 3, 2025 | Sep 30, 2025 | 1.05 | 1.01 | -0.04 | -3.81% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Nov 4, 2026 | Piper Sandler | main | Underweight | Underweight |
| Oct 14, 2026 | Stifel | init | — | Buy |
| Oct 12, 2026 | Piper Sandler | main | Underweight | Underweight |
| Jul 21, 2026 | Piper Sandler | main | Underweight | Underweight |
| Mar 3, 2026 | Compass Point | up | Sell | Neutral |
| Feb 25, 2026 | Piper Sandler | main | Underweight | Underweight |
About Innovative Industrial Properties, Inc.
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.
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Country
- United States
News
Piper Sandler Maintains Underweight on Innovative Ind Props, Raises Price Target to $46 
Innovative Industrial Properties Q3 Earnings Call Highlights 
Innovative Industrial Properties, Inc. (IIPR) Q3 2026 Earnings Call Transcript 
Innovative Ind Props Q3 2026 Earnings Call Transcript 
Innovative Industrial Properties (IIPR) Beats Q3 FFO and Revenue Estimates 
Here's What Key Metrics Tell Us About Innovative Industrial Properties (IIPR) Q3 Earnings 
Innovative Ind Props Q3 FFO $1.96 Beats $1.67 Estimate, Sales $64.743M Beat $61.245M Estimate 
Innovative Industrial Properties Reports Third Quarter 2026 Results 
Buy 13 IDEAL 'Safer' October LoPrice/HiDividend Small Cap 'Toy Dogs' 
Stifel Initiates Coverage On Innovative Ind Props with Buy Rating, Announces Price Target of $56.25
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| BOYLE DAVID GERARD | Director | Stock Award(Grant) | Jun 10, 2025 | 2,951 |
| BUI ANDY | Officer | Stock Award(Grant) | Jan 19, 2026 | 16,186 |
| GOLD ALAN D | Officer and Director | Purchase | Nov 23, 2025 | 0 |
| IVES BRUCE ALAN | Director | Purchase | Aug 30, 2026 | 3,180 |
| KREITZER GARY A | Director | Stock Award(Grant) | Oct 14, 2025 | 63,108 |
| SHOEMAKER SCOTT | Director | Sale | Sep 14, 2026 | 2,000 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Blackrock Inc. | 18.13% | 4,997,521 | 281.70M | Jun 29, 2026 |
| Vanguard Portfolio Management LLC | 10.22% | 2,818,950 | 158.90M | Jun 29, 2026 |
| State Street Corporation | 5.91% | 1,628,896 | 91.82M | Jun 29, 2026 |
| Vanguard Capital Management LLC | 4.69% | 1,292,586 | 72.86M | Jun 29, 2026 |
| Charles Schwab Investment Management, Inc. | 2.35% | 648,596 | 36.56M | Jun 29, 2026 |
| Arrowstreet Capital, Limited Partnership | 2.05% | 564,305 | 31.81M | Jun 29, 2026 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| iShares Trust-iShares Core S&P Small-Cap ETF | 5.95% | 1,640,638 | 92.48M | Sep 29, 2026 |
| VANGUARD SPECIALIZED FUNDS-Vanguard Real Estate Index Fund | 3.88% | 1,070,306 | 60.33M | Jul 30, 2026 |
| VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund | 3.29% | 907,378 | 51.15M | Jun 29, 2026 |
| iShares Trust-iShares Russell 2000 ETF | 2.78% | 765,507 | 43.15M | Sep 29, 2026 |
| VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund | 2.39% | 659,199 | 37.16M | Jun 29, 2026 |
| VANGUARD INDEX FUNDS-Vanguard Small-Cap Value Index Fund | 1.52% | 418,027 | 23.56M | Jun 29, 2026 |