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
Employees
22
Headquarters
IIPR Metrics
BasicAdvanced
$1.5B
12.51
$4.24
1.52
$7.60
14.34%
Price and volume
Market cap
$1.5B
Beta
1.52
52-week high
$120.00
52-week low
$45.44
Average daily volume
305K
Dividend rate
$7.60
Financial strength
Current ratio
0.849
Quick ratio
0.524
Long term debt to equity
18.259
Total debt to equity
18.259
Interest coverage (TTM)
7.70%
Profitability
EBITDA (TTM)
212.27
Gross margin (TTM)
89.20%
Net profit margin (TTM)
45.80%
Operating margin (TTM)
50.21%
Revenue per employee (TTM)
$12,550,000
Management effectiveness
Return on assets (TTM)
3.66%
Return on equity (TTM)
6.64%
Valuation
Price to earnings (TTM)
12.513
Price to revenue (TTM)
5.393
Price to book
0.82
Price to tangible book (TTM)
0.82
Dividend yield (TTM)
14.34%
Forward dividend yield
14.34%
Growth
Revenue change (TTM)
-11.22%
Earnings per share change (TTM)
-24.46%
3-year revenue growth (CAGR)
1.39%
3-year earnings per share growth (CAGR)
-6.69%
3-year dividend per share growth (CAGR)
3.78%
What the Analysts think about IIPR
Analyst ratings (Buy, Hold, Sell) for Innovative Industrial Properties stock.
Bulls say / Bears say
IIPR maintained a conservative balance sheet at Q1 end with an 11% debt-to-total assets ratio and $220.8 million of liquidity, providing ample capacity to fund new property acquisitions (Business Wire).
The company outperformed FFO expectations in Q2 with $1.71 per share versus the $1.61 consensus, demonstrating resilience in funds from operations despite market pressures (Nasdaq).
IIPR bolstered its acquisition firepower by securing a $100 million revolving credit facility (with a $35 million accordion option), ensuring ready access to capital for strategic growth initiatives (StockTitan).
Q1 total revenues declined 5% year-over-year to $71.7 million, driven primarily by $31.1 million in tenant defaults from operators like PharmaCann and TILT, highlighting booking volatility in the cannabis sector (Business Wire).
AFFO for Q1 fell 12% year-over-year to $1.94 per share, reflecting weaker recurring cash flow and pressuring coverage metrics despite steady dividend payments (Business Wire).
In Q2, revenue plunged 21% year-over-year to $62.9 million and EPS came in at $0.86 versus estimates of $1.14, underscoring escalating tenant credit risks and operational headwinds (GuruFocus).
Data summarised monthly by Lightyear AI. Last updated on 1 Nov 2025.
IIPR Financial Performance
Revenues and expenses
IIPR Earnings Performance
Company profitability
IIPR News
AllArticlesVideos
Innovative Industrial Properties Reports Third Quarter 2025 Results
Business Wire3 days ago
Top 3 Cannabis REITs to Watch in October 2025: Dividend Income Meets Industry Growth
MarijuanaStocks2 weeks ago
Innovative Industrial Properties Announces Third Quarter 2025 Earnings Release Date and Conference Call
Business Wire2 weeks ago
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
No upcoming events
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 November 07, 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 12.51 as of November 07, 2025.
Does Innovative Industrial Properties stock pay dividends?
Yes, the Innovative Industrial Properties (IIPR) stock pays dividends to shareholders. As of November 07, 2025, the dividend rate is $7.6 and the yield is 14.34%. Innovative Industrial Properties has a payout ratio of 0% 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.