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Innovative Industrial Properties Inc (IIPR)

US · Real Estate · REIT - Industrial

$54.83-0.85%
Last close · 2026-11-06

Latest quarter · ended 2026-09-30

Revenue
$64.9M
Revenue YoY
+0.4%
Net profit
$28.7M
Profit YoY
-2.0%
EPS
$1.96
EPS estimate
$1.65
Net margin
44.2%

EPS came in at 1.96 against a street estimate of 1.65 — a beat of 18.8%.

Key statistics

Market cap
$1.50B
P/E
12.3
Forward P/E
11.7
P/B
0.83
Book value
$62.48
EPS (TTM)
$4.42
Dividend yield
14.60%
52-week high
$63.10
52-week low
$38.64
50-day MA
$54.38
200-day MA
$55.08
Beta
1.38

Analyst view

Analysts rate Innovative Industrial Properties Inc a hold (2 buy, 4 hold, 1 sell out of 7) with an average price target of $61.45.

Shareholding

Insiders
1.98%
Institutions
79.39%

Largest institutional holders

FundStake
BlackRock Inc16.90%
Vanguard Portfolio Management, LLC9.53%
State Street Corp5.51%
Vanguard Capital Management, LLC4.37%
Charles Schwab Investment Management Inc2.19%
Arrowstreet Capital Limited Partnership1.91%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.1.77%
Amvescap Plc.1.68%

Recent filings & reports

DocumentDate
Quarterly report · Q3 2026
HEADLINE NUMBERS • Third-quarter 2026 total revenue was $64.920 million, compared with $64.685 million in the third quarter of 2025. • Third-quarter
2026-11-03
Results announced · Q4 2026
HEADLINE NUMBERS • Third-quarter 2026 revenue was $64.9 million, up 0.4% from $64.7 million in the third quarter of 2025. • Net income attributable
2026-11-02
Material agreement · Q4 2026
HEADLINE NUMBERS • Innovative Industrial Properties, Inc. amended its secured revolving credit facility on October 21, 2026. • The facility’s maturi
2026-10-27
Material agreement · Q4 2026
HEADLINE NUMBERS • Innovative Industrial Properties, Inc. agreed to issue and sell 2,000,000 shares of 9.25% Series B Cumulative Redeemable Preferred
2026-10-14
Material agreement · Q3 2026
HEADLINE NUMBERS • On September 28, 2026, Innovative Industrial Properties, Inc. (IIPR) increased its mezzanine loan commitment for the Alewife Park
2026-10-01
Charter / bylaws change · Q3 2026
SUMMARY: INNOVATIVE INDUSTRIAL PROPERTIES, INC. (IIPR) - FORM 8-K FILING HEADLINE NUMBERS • Total authorized shares increased from 100,000,000 to 17
2026-09-25
Company announcement · Q3 2026
SUMMARY: INNOVATIVE INDUSTRIAL PROPERTIES, INC. (IIPR) - FORM 8-K FILING HEADLINE NUMBERS • Company maintains equity distribution agreements with to
2026-09-01
Quarterly report · Q2 2026
INNOVATIVE INDUSTRIAL PROPERTIES, INC. – Q2 2026 10-Q SUMMARY HEADLINE NUMBERS • Total assets: $2,581.6 million (June 30, 2026) vs. $2,370.9 million
2026-08-04

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Corporate actions

ActionDetailDate
Dividend$1.90 / share
ex-date Sep 30, 2026 · pay Oct 15, 2026
2026-09-30
Dividend$1.90 / share
ex-date Jun 30, 2026 · pay Jul 15, 2026
2026-06-30
Dividend$1.90 / share
ex-date Mar 31, 2026 · pay Apr 15, 2026
2026-03-31
Dividend$1.90 / share
ex-date Dec 31, 2025 · pay Jan 15, 2026
2025-12-31

Deals & corporate news

AnnouncementDate
Executed full-building leases for two properties totaling 122,000 square feet
Innovative Industrial Properties reported mixed news in its March 2026 portfolio update. On the positive side, the company executed full-building leases for two properties totaling 122,000 s
2026-03-16

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Other Real Estate companies

Data updated 2026-11-07.