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
$1.5B
10.06
$5.20
1.76
$7.60
14.53%
Price and volume
Market cap
$1.5B
Beta
1.76
52-week high
$135.90
52-week low
$45.44
Average daily volume
272K
Dividend rate
$7.60
Financial strength
Current ratio
2.229
Quick ratio
1.881
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)
240.088
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)
10.057
Price to revenue (TTM)
4.848
Price to book
0.79
Price to tangible book (TTM)
0.79
Price to free cash flow (TTM)
6.174
Free cash flow yield (TTM)
16.20%
Free cash flow per share (TTM)
846.87%
Dividend yield (TTM)
14.53%
Forward dividend yield
14.53%
Growth
Revenue change (TTM)
-1.33%
Earnings per share change (TTM)
-8.60%
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 reached an agreement with PharmaCann to resolve existing lease defaults for eleven properties, including full utilization of security deposits and amendments to lease terms, potentially stabilizing rental income. (StockTitan)
Despite recent challenges, IIPR maintains a high dividend yield of 14.15%, which may attract income-focused investors. (DefenseWorld)
IIPR's diversified portfolio across multiple states and tenants positions it to benefit from potential future growth in the cannabis industry. (Nasdaq)
PharmaCann, one of IIPR's largest tenants, defaulted on all 11 of its leases, affecting 17% of IIPR's total rental revenues. (Nasdaq)
IIPR's revenue decreased by nearly 2% in Q3 2024 compared to the same quarter in 2023, missing analyst forecasts. (Nasdaq)
A class action lawsuit has been filed against IIPR, alleging that the company misled investors regarding its business prospects. (GlobeNewswire)
Data summarised monthly by Lightyear AI. Last updated on 9 Jul 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.
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Upcoming events
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FAQs
What’s the current market cap for Innovative Industrial Properties stock?
Innovative Industrial Properties (IIPR) has a market cap of $1.5B as of July 18, 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 10.06 as of July 18, 2025.
Does Innovative Industrial Properties stock pay dividends?
Yes, the Innovative Industrial Properties (IIPR) stock pays dividends to shareholders. As of July 18, 2025, the dividend rate is $7.6 and the yield is 14.53%. 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 date is unconfirmed.
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.