What’s the current market cap for Innovative Industrial Properties stock?

Innovative Industrial Properties (IIPR) has a market cap of $1.7bn as of June 09, 2026.

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 15.06 as of June 09, 2026.

Does Innovative Industrial Properties stock pay dividends?

Yes, the Innovative Industrial Properties (IIPR) stock pays dividends to shareholders. As of June 09, 2026, the dividend rate is $7.6 and the yield is 12.84%. Innovative Industrial Properties has a payout ratio of 183.04% 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 1.45. 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.

Buy Innovative Industrial Properties stock | $IIPR Share Price

13:30

15:10

16:45

18:25

20:00

About Innovative Industrial Properties

Innovative Industrial Properties Inc is a real estate investment trust focused on the acquisition, ownership and management of specialized industrial and commercial properties in the United States. Its properties are prominently leased to state-licensed operators for their regulated cannabis facilities. The company conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by its Operating Partnership, directly or through subsidiaries. Its segments are: Cannabis Portfolio and Life Science Portfolio, with the majority of revenue coming from the Cannabis Portfolio segment, which involves acquiring, developing, and leasing real estate to regulated cannabis operators on long-term triple-net leases.

Ticker

$IIPR

Sector

Real Estate

Primary listing

NYSE

Employees

Headquarters

San Diego, United States

Website

www.innovativeindustrialproperties.com

IIPR Metrics

BasicAdvanced

$1.7bn

15.06

$3.93

1.45

$7.60

12.84%

What the Analysts think about IIPR

Analyst ratings (Buy, Hold, Sell) for Innovative Industrial Properties stock.

Bulls say / Bears say

As of March 31, 2026, IIPR’s debt was 13% of total gross assets, it had $176.6 million in total liquidity, and an 11.6× debt service coverage ratio, showing a conservative leverage position.

Interest and other income rose by $4.6 million to $6.3 million in Q1 2026, mostly from $5.5 million in interest and dividend income from IQHQ investments, diversifying revenue beyond just rental income.

So far this year, IIPR raised $70.9 million in net proceeds from preferred stock, $34.9 million from common stock through ATM programs, repurchased $9.1 million of 5.50% unsecured notes at a discount, and declared a $1.90 quarterly dividend, reflecting strong access to capital markets and a commitment to shareholders.

Total revenues dropped 3.8% year-over-year to $69.0 million in Q1 2026, mainly due to a $6.9 million hit from tenant defaults, highlighting credit risk and exposure to cannabis operators.

Normalized FFO fell from $52.8 million to $50.6 million and AFFO declined from $55.3 million to $53.4 million year-over-year, indicating strain on core cash flows even as net income remained stable.

The settlement with PharmaCann requires the turnover of New York and Pennsylvania properties by May 20, 2026, and the Ohio property by May 26, 2026, extending legal and operational uncertainty before these assets can be re-leased.

Data summarised monthly by Lightyear AI. Last updated on 13 May 2026.

IIPR Financial Performance

Revenues and expenses

QuarterlyAnnual

Q3 24

QoQ growth

Revenue

$37bn

-39.75%

Net income

$45bn

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.

Buy $IIPR

Capital at risk

Market closed

Upcoming events

No upcoming events

Bulls say / Bears say

As of March 31, 2026, IIPR’s debt was 13% of total gross assets, it had $176.6 million in total liquidity, and an 11.6× debt service coverage ratio, showing a conservative leverage position.

Total revenues dropped 3.8% year-over-year to $69.0 million in Q1 2026, mainly due to a $6.9 million hit from tenant defaults, highlighting credit risk and exposure to cannabis operators.

Normalized FFO fell from $52.8 million to $50.6 million and AFFO declined from $55.3 million to $53.4 million year-over-year, indicating strain on core cash flows even as net income remained stable.

Data summarised monthly by Lightyear AI. Last updated on 13 May 2026.