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

Primary listing

NYSE

Industry

Industrial REITs

Employees

21

IIPR Metrics

BasicAdvanced
$1.6B
10.78
$5.20
1.76
$7.60
13.56%

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
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

IIPR Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
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

Jul15
Innovative Industrial Properties
Dividend·Payment
$1.90Per share
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