Innovative Industrial Properties, Inc. IIPR
Set alert
52.04 USD -1.42 -2.66%
At close
52.31 +0.27 +0.52%
Pre-market · Nov 2, 7:04 AM ET
51.86 Day range 53.64
44.58 52-week range 65.38
- YTD
- +9.88%
- 1 year
- +3.77%
- Open
- 53.50
- Prev close
- 53.46
- Mkt cap
- 1.43B
- Vol
- 310.00K
- Avg vol
- 358.72K
- EPS
- 4.42
- P/E
- 11.77
- Div yield
- 14.22%
More statistics
- Low
- 51.86
- High
- 53.64
- Forward P/E
- 11.86
- Beta
- 1.42
- Short ratio
- 7.60
- Inst. own
- 79.85%
- Dividend
- 7.60
- Ex-div date
- Sep 29, 2026
- Earnings
- Nov 2, 2026
- 50-d avg
- 54.52
- 200-d avg
- 55.05
- 1y target
- 61.45
2Y chart
Events in this range
- Dec 31, 2024Dividend: 1.9
- Mar 31, 2025Dividend: 1.9
- Jun 30, 2025Dividend: 1.9
- Aug 6, 2025Earnings: 0.87; estimate 0.913; surprise -4.71%
- Sep 30, 2025Dividend: 1.9
- Nov 3, 2025Earnings: 1.01; estimate 1.05; surprise -3.81%
- Nov 5, 2025Rating: Piper Sandler · Underweight → Underweight
- Dec 31, 2025Dividend: 1.9
- Feb 23, 2026Earnings: 1.07; estimate 1.05; surprise 1.9%
- Feb 25, 2026Rating: Piper Sandler · Underweight → Underweight
- Mar 3, 2026Rating: Compass Point · Sell → Neutral
- Mar 31, 2026Dividend: 1.9
- May 4, 2026Earnings: 1.04; estimate 1.07; surprise -2.8%
- Jun 30, 2026Dividend: 1.9
- Jul 21, 2026Rating: Piper Sandler · Underweight → Underweight
- Aug 3, 2026Earnings: 1.36; estimate 1.02; surprise 33.33%
- Sep 30, 2026Dividend: 1.9
- Oct 12, 2026Rating: Piper Sandler · Underweight → Underweight
- Oct 14, 2026Rating: Stifel · — → Buy
Signals (81)
| Name | Date | Ago |
|---|---|---|
| MACD: Buy Signal | Oct 15, 2026 | 2 weeks ago |
| RSI: Oversold | Sep 30, 2026 | 1 month ago |
| SMA: Bearish | Sep 29, 2026 | 1 month ago |
| MACD: Sell Signal | Sep 28, 2026 | 1 month ago |
| MACD: Buy Signal | Aug 25, 2026 | 2 months ago |
| RSI: Oversold | Aug 18, 2026 | 2 months ago |
| SMA: Bearish | Jul 31, 2026 | 3 months ago |
| MACD: Sell Signal | Jul 20, 2026 | 3 months ago |
| MACD: Buy Signal | Jul 16, 2026 | 3 months ago |
| MACD: Sell Signal | Jul 15, 2026 | 3 months ago |
| MACD: Buy Signal | Jul 10, 2026 | 3 months ago |
| MACD: Sell Signal | Jul 7, 2026 | 3 months ago |
| MACD: Buy Signal | Jun 25, 2026 | 4 months ago |
| MACD: Sell Signal | Jun 17, 2026 | 4 months ago |
| MACD: Buy Signal | May 27, 2026 | 5 months ago |
| MACD: Sell Signal | May 13, 2026 | 5 months ago |
| SMA: Bullish | Apr 17, 2026 | 6 months ago |
| MACD: Buy Signal | Apr 15, 2026 | 6 months ago |
| SMA: Bullish | Apr 10, 2026 | 6 months ago |
| SMA: Bearish | Mar 31, 2026 | 7 months ago |
| SMA: Bearish | Mar 20, 2026 | 7 months ago |
| SMA: Bullish | Mar 17, 2026 | 7 months ago |
| MACD: Sell Signal | Mar 16, 2026 | 7 months ago |
| SMA: Bearish | Mar 13, 2026 | 7 months ago |
| RSI: Overbought | Mar 4, 2026 | 8 months ago |
| SMA: Bullish | Feb 26, 2026 | 8 months ago |
| RSI: Overbought | Feb 26, 2026 | 8 months ago |
| SMA: Bullish | Feb 24, 2026 | 8 months ago |
| MACD: Buy Signal | Feb 24, 2026 | 8 months ago |
| MACD: Sell Signal | Jan 26, 2026 | 9 months ago |
| SMA: Bearish | Jan 16, 2026 | 9 months ago |
| SMA: Bullish | Jan 15, 2026 | 9 months ago |
| MACD: Buy Signal | Jan 14, 2026 | 9 months ago |
| SMA: Bearish | Jan 13, 2026 | 9 months ago |
| SMA: Bullish | Jan 12, 2026 | 9 months ago |
| MACD: Sell Signal | Dec 23, 2025 | 10 months ago |
| SMA: Bearish | Dec 22, 2025 | 10 months ago |
| SMA: Bearish | Dec 19, 2025 | 10 months ago |
| RSI: Overbought | Dec 16, 2025 | 10 months ago |
| SMA: Bullish | Dec 12, 2025 | 10 months ago |
| SMA: Bullish | Dec 10, 2025 | 10 months ago |
| MACD: Buy Signal | Nov 25, 2025 | 11 months ago |
| RSI: Oversold | Nov 19, 2025 | 11 months ago |
| MACD: Sell Signal | Nov 14, 2025 | 11 months ago |
| MACD: Buy Signal | Nov 10, 2025 | 11 months ago |
| SMA: Bearish | Oct 16, 2025 | 1 year ago |
| SMA: Bullish | Oct 15, 2025 | 1 year ago |
| SMA: Bearish | Oct 9, 2025 | 1 year ago |
| SMA: Bullish | Oct 1, 2025 | 1 year ago |
| SMA: Bearish | Sep 30, 2025 | 1 year ago |
| MACD: Sell Signal | Sep 22, 2025 | 1 year ago |
| SMA: Bullish | Aug 22, 2025 | 1 year ago |
| SMA: Bearish | Aug 14, 2025 | 1 year ago |
| SMA: Bullish | Aug 13, 2025 | 1 year ago |
| MACD: Buy Signal | Aug 13, 2025 | 1 year ago |
| RSI: Oversold | Aug 7, 2025 | 1 year ago |
| SMA: Bearish | Jul 15, 2025 | 1 year ago |
| SMA: Bullish | Jul 10, 2025 | 1 year ago |
| SMA: Bearish | Jul 7, 2025 | 1 year ago |
| SMA: Bullish | Jul 1, 2025 | 1 year ago |
| SMA: Bearish | Jun 30, 2025 | 1 year ago |
| MACD: Sell Signal | Jun 30, 2025 | 1 year ago |
| MACD: Buy Signal | Jun 9, 2025 | 1 year ago |
| SMA: Bullish | Jun 3, 2025 | 1 year ago |
| MACD: Sell Signal | Jun 2, 2025 | 1 year ago |
| SMA: Bearish | May 30, 2025 | 1 year ago |
| SMA: Bullish | May 27, 2025 | 1 year ago |
| SMA: Bearish | May 21, 2025 | 1 year ago |
| SMA: Bullish | May 20, 2025 | 1 year ago |
| MACD: Buy Signal | Apr 17, 2025 | 1 year ago |
| RSI: Oversold | Apr 10, 2025 | 1 year ago |
| RSI: Oversold | Mar 31, 2025 | 1 year ago |
| SMA: Bearish | Mar 13, 2025 | 1 year ago |
| MACD: Sell Signal | Mar 12, 2025 | 1 year ago |
| MACD: Buy Signal | Mar 6, 2025 | 1 year ago |
| SMA: Bullish | Mar 5, 2025 | 1 year ago |
| MACD: Sell Signal | Mar 3, 2025 | 1 year ago |
| RSI: Oversold | Jan 22, 2025 | 1 year ago |
| MACD: Buy Signal | Jan 14, 2025 | 1 year ago |
| RSI: Oversold | Dec 16, 2024 | 1 year ago |
| RSI: Oversold | Dec 12, 2024 | 1 year ago |
Key statistics
- Market cap
- 1.44B
- Enterprise value
- 2.01B
- Trailing P/E
- 11.78
- Forward P/E
- 11.86
- PEG ratio
- 0.00
- Price / sales
- 5.45
- Price / book
- 0.83
- EPS (TTM)
- 4.42
- Beta
- 1.42
- Dividend yield
- 14.22%
- Payout ratio
- 171.95%
- Profit margin
- 52.27%
- Revenue (TTM)
- 263.65M
- Revenue growth
- 0.70%
- Free cash flow
- 99.87M
- Total cash
- 204.73M
- Total debt
- 609.03M
- Return on equity
- 7.39%
- Shares outstanding
- 27.57M
- Short % of float
- 19.79%
- 50-day average
- 54.52
- 200-day average
- 55.05
Analyst view
Consensus: hold
Hold
Price target (mean) 61.45 +18.1% upside
Now 52.04
- 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
Nov 2, 2026
Expected Nov 2, 2026. Consensus EPS estimate 0.83.
Financials — quick view
IIPR Revenue — quarterly 63.31M
IIPR Net income — quarterly 43.85M
IIPR EPS — quarterly 1.39
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Nov 2, 2026 | Sep 30, 2026 | 0.90 | — | — | — |
| 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% |
| Aug 6, 2025 | Jun 30, 2025 | 0.913 | 0.87 | -0.04 | -4.71% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| 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 |
| Nov 5, 2025 | 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
- Buy 13 IDEAL 'Safer' October LoPrice/HiDividend Small Cap 'Toy Dogs'
- Innovative Industrial Properties (IIPR) Stock Dips While Market Gains: Key Facts
- Innovative Industrial Properties (IIPR) Expected to Post Earnings on Monday
- Stifel Initiates Coverage On Innovative Ind Props with Buy Rating, Announces Price Target of $56.25
- Piper Sandler Maintains Underweight on Innovative Ind Props, Lowers Price Target to $44
- Innovative Ind Props Q2 FFO $1.83 Beats $1.77 Estimate, Sales $63.315M Miss $66.806M Estimate
- Piper Sandler Maintains Underweight on Innovative Ind Props, Raises Price Target to $51
- Innovative Industrial Properties Files Prospectus For Offering $500M Common Shares
- Full Transcript: Innovative Ind Props Q1 2026 Earnings Call
- Innovative Ind Props Q1 FFO $1.88 Beats $1.79 Estimate, Sales $68.996M Beat $66.341M Estimate
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 | 260.30M | Jun 29, 2026 |
| Vanguard Portfolio Management LLC | 10.22% | 2,818,950 | 146.83M | Jun 29, 2026 |
| State Street Corporation | 5.91% | 1,628,896 | 84.84M | Jun 29, 2026 |
| Vanguard Capital Management LLC | 4.69% | 1,292,586 | 67.32M | Jun 29, 2026 |
| Charles Schwab Investment Management, Inc. | 2.35% | 648,596 | 33.78M | Jun 29, 2026 |
| Arrowstreet Capital, Limited Partnership | 2.05% | 564,305 | 29.39M | Jun 29, 2026 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| iShares Trust-iShares Core S&P Small-Cap ETF | 5.95% | 1,640,638 | 85.45M | Sep 29, 2026 |
| VANGUARD SPECIALIZED FUNDS-Vanguard Real Estate Index Fund | 3.88% | 1,070,306 | 55.75M | Jul 30, 2026 |
| VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund | 3.29% | 907,378 | 47.26M | Jun 29, 2026 |
| iShares Trust-iShares Russell 2000 ETF | 2.78% | 765,507 | 39.87M | Sep 29, 2026 |
| VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund | 2.39% | 659,199 | 34.33M | Jun 29, 2026 |
| VANGUARD INDEX FUNDS-Vanguard Small-Cap Value Index Fund | 1.52% | 418,027 | 21.77M | Jun 29, 2026 |