Innovative Industrial Properties/$IIPR
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About Innovative Industrial Properties
Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.
Ticker
$IIPR
Sector
Primary listing
NYSE
Industry
Industrial REITs
Headquarters
Employees
21
ISIN
US45781V1017
IIPR Metrics
BasicAdvanced
$1.6B
11.14
$5.19
1.76
$7.60
13.13%
Price and volume
Market cap
$1.6B
Beta
1.76
52-week high
$135.90
52-week low
$45.44
Average daily volume
230K
Dividend rate
$7.60
Financial strength
Current ratio
2.463
Quick ratio
1.892
Long term debt to equity
15.089
Total debt to equity
15.11
Dividend payout ratio (TTM)
141.23%
Interest coverage (TTM)
9.45%
Profitability
EBITDA (TTM)
239.376
Gross margin (TTM)
90.44%
Net profit margin (TTM)
50.30%
Operating margin (TTM)
55.13%
Revenue per employee (TTM)
$14,510,000
Management effectiveness
Return on assets (TTM)
4.42%
Return on equity (TTM)
7.91%
Valuation
Price to earnings (TTM)
11.144
Price to revenue (TTM)
5.367
Price to book
0.87
Price to tangible book (TTM)
0.87
Price to free cash flow (TTM)
6.836
Free cash flow yield (TTM)
14.63%
Free cash flow per share (TTM)
846.87%
Dividend yield (TTM)
13.13%
Forward dividend yield
13.13%
Growth
Revenue change (TTM)
-1.33%
Earnings per share change (TTM)
-8.69%
3-year revenue growth (CAGR)
10.46%
3-year earnings per share growth (CAGR)
2.48%
3-year dividend per share growth (CAGR)
7.31%
What the Analysts think about IIPR
Analyst ratings (Buy, Hold, Sell) for Innovative Industrial Properties stock.
Bulls say / Bears say
Innovative Industrial Properties (IIPR) has consistently increased its common stock dividends annually since its inception in 2016, demonstrating a strong commitment to returning value to shareholders. (marketchameleon.com)
In Q4 2024, IIPR achieved revenues of $79.2 million and normalized AFFO per share of $2.28, marking increases of 12% and 8% respectively, indicating robust financial performance. (markets.businessinsider.com)
The company maintained a 100% rent collection rate in Q4 2024, reflecting effective tenant management and operational stability. (markets.businessinsider.com)
PharmaCann, a tenant responsible for 17% of IIPR's total rental revenues, defaulted on its lease obligations in December 2024, raising concerns about tenant reliability and revenue stability. (prnewswire.com)
A class action lawsuit has been filed against IIPR, alleging misrepresentations regarding declines in rent and property-management fees, which could lead to financial liabilities and reputational damage. (globenewswire.com)
Analysts have downgraded IIPR's stock, with Compass Point reducing its rating from 'buy' to 'neutral' and lowering the price target from $125.00 to $78.00, reflecting diminished confidence in the company's prospects. (defenseworld.net)
Data summarised monthly by Lightyear AI. Last updated on 7 Jun 2025.
IIPR Financial Performance
Revenues and expenses
IIPR Earnings Performance
Company profitability
IIPR News
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Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.
Capital at risk
Upcoming events
Jun30
Innovative Industrial Properties
Dividend·Ex-dividend
Jul15
Innovative Industrial Properties
Dividend·Payment
$1.90Per share
FAQs
What’s the current market cap for Innovative Industrial Properties stock?
Innovative Industrial Properties (IIPR) has a market cap of $1.6B as of June 20, 2025.
What is the P/E ratio for Innovative Industrial Properties stock?
The price to earnings (P/E) ratio for Innovative Industrial Properties (IIPR) stock is 11.14 as of June 20, 2025.
Does Innovative Industrial Properties stock pay dividends?
Yes, the Innovative Industrial Properties (IIPR) stock pays dividends to shareholders. As of June 20, 2025, the dividend rate is $7.6 and the yield is 13.13%. Innovative Industrial Properties has a payout ratio of 141.23% on a trailing twelve-month basis.
When is the next Innovative Industrial Properties dividend payment date?
The next Innovative Industrial Properties (IIPR) dividend payment is scheduled for July 15, 2025.
What is the beta indicator for Innovative Industrial Properties?
Innovative Industrial Properties (IIPR) has a beta rating of 1.76. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.