Innovative Industrial Properties/IIPR

$93.88

0.27%
-
1D1W1MYTD1YMAX

About Innovative Industrial Properties

Innovative Industrial Properties, Inc. is an internally managed real estate investment trust (REIT). The Company is focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated cannabis facilities. The Company is engaged in the business of providing real estate for the regulated cannabis industry. It acquires its properties through sale-leaseback transactions and third-party purchases. The Company owns approximately d 108 properties comprising an aggregate of approximately 8.9 million rentable square feet (including approximately 1.4 million rentable square feet under development/redevelopment) in Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington. Its subsidiaries include IIP-AZ 1 LLC, IIP-AZ 2 LLC, IIP-AZ 3 LLC, IIP-CA 2 LP, and IIP-CA 1 LP.

Ticker

IIPR

Sector

Real Estate

Trading on

NYSE

Industry

Rental & Leasing

CEO

Paul Smithers

Employees

21

Headquarters

Park city, United States

IIPR Metrics

BasicAdvanced
$2.66B
Market cap
16.28
P/E ratio
$5.77
EPS
1.52
Beta
$7.22
Dividend rate
7.75%
Dividend yield
$2.66B
1.52107
$105.81
$63.36
219.82K
$7.22
15.406
15.406
125.16%
19.63%
6.89%
8.37%
7.33%
16.278
8.593
1.363
1.368
3.78%
7.69%
7.75%
11.99%
4.56%
38.34%
20.88%
17.33%

What the Analysts think about IIPR

Analyst Ratings

Majority rating from 7 analysts.
Hold

Price Targets

Average projection from 5 analysts.
29.31% upside
High $179.00
Low $100.00
$93.88
Current price
$121.40
Average price target

IIPR Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
52.59% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$79.1M
1.67%
Net income
$41.6M
0.24%
Profit margin
52.59%
-1.41%

IIPR Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 3.02%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$1.43
$1.44
$1.45
$1.45
-
Expected
$1.31
$1.40
$1.42
$1.41
$1.43
Surprise
9.37%
3.04%
2.29%
3.02%
-
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 a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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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 $2.66B as of April 19, 2024.

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 16.28 as of April 19, 2024.

Does Innovative Industrial Properties stock pay dividends?

Yes, the Innovative Industrial Properties (IIPR) stock pays dividends to shareholders. As of April 19, 2024, the dividend rate is $7.22 and the yield is 7.75%. Innovative Industrial Properties has a payout ratio of 125.16% 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 1.52. 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.

What is the Innovative Industrial Properties stock price target?

The target price for Innovative Industrial Properties (IIPR) stock is $121.4, which is 29.31% above the current price of $93.88. This is an average based on projections from 5 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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