IIPR

Innovative Industrial Properties, Inc. NYSE

Real Estate ·REIT - Industrial ·US · innovativeindustrialproperties.com

$52.87

Mkt Cap $1.5B

52w Low $44.58 54.4% of range 52w High $59.83

50d MA $52.44 200d MA $52.05

P/E (TTM) 13.7x

EV/EBITDA 8.0x

P/B 0.8x

Debt/Equity 0.2x

ROE 6.4%

P/FCF 7.6x

RSI (14) —

ATR (14) —

Beta 1.47

50d MA $52.44

200d MA $52.05

Avg Volume 320.5K

About

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, …

Recent Earnings

Date	Time	Est	Rptd	Surp	Base	Gap%	D1%	D2%	D3%	D4%	D5%	Guide ▲★
May 4, 2026	AMC	1.07	1.02	-4.7%	—	—	—	—	—	—	—	—
Feb 23, 2026	AMC	1.05	1.88	+79.0%	46.16	+3.1%	+10.7%	+14.4%	+18.3%	+14.7%	+16.3%	—
Nov 3, 2025	AMC	1.71	1.71	+0.0%	49.49	+0.5%	+0.5%	+7.1%	+3.0%	+4.0%	+4.0%	—
Aug 6, 2025	AMC	1.61	1.71	+6.2%	51.62	-3.2%	-10.7%	-11.2%	-5.7%	+1.6%	+5.9%	—
May 7, 2025	AMC	1.99	1.94	-2.5%	53.37	+6.2%	+4.3%	+2.3%	+4.7%	+3.9%	+3.7%	—
Feb 19, 2025	AMC	2.22	2.22	+0.0%	73.43	+2.2%	-0.8%	-1.0%	-0.3%	+0.5%	-0.9%	—
Nov 6, 2024	AMC	2.29	2.25	-1.7%	123.00	-8.0%	-10.5%	-13.5%	-12.4%	-15.5%	-16.2%	—
Aug 5, 2024	AMC	2.23	2.29	+2.7%	113.16	+0.8%	+1.3%	-0.2%	+1.6%	+2.3%	+1.1%	—
May 8, 2024	AMC	2.27	2.21	-2.6%	107.70	-2.5%	-2.7%	-3.0%	-2.2%	+2.3%	+5.0%	—
Feb 26, 2024	AMC	2.24	2.28	+1.8%	89.75	+2.5%	+6.2%	+8.6%	+9.2%	+9.4%	+8.7%	—
Nov 1, 2023	AMC	2.19	2.29	+4.6%	72.59	+4.5%	+7.0%	+11.0%	+9.3%	+8.1%	+6.5%	—
Aug 2, 2023	AMC	2.11	2.26	+7.1%	76.56	-0.7%	+1.6%	+2.6%	+5.8%	+7.0%	+6.9%	—
May 8, 2023	AMC	2.04	2.25	+10.3%	69.27	+3.0%	+3.1%	+4.1%	+2.3%	+0.2%	+1.0%	—

Recent Analyst Ratings

Date	Firm	Action	Grade	Target	Base	Open	Gap%	D1%	D2%	D3%	D4%	D5%
Mar 3	Compass Point	Upgrade	Sell → Neutral	—	$53.68	$52.87	-1.5%	-0.1%	+5.6%	+2.6%	+1.3%	+1.6%
Feb 25	Piper Sandler	Maintains	Underweight → Underweight	—	$51.10	$51.51	+0.8%	+3.3%	+6.9%	+3.6%	+5.0%	+4.9%
Nov 5	Piper Sandler	Maintains	Underweight → Underweight	—	$49.76	$50.56	+1.6%	+6.5%	+2.4%	+3.4%	+3.5%	+4.5%
Jul 2	Wolfe Research	Downgrade	Outperform → Peer Perform	—	$56.69	$55.50	-2.1%	+0.7%	+0.4%	-2.5%	-2.2%	-1.7%
Apr 15	Piper Sandler	Maintains	Underweight → Underweight	—	$50.83	$51.00	+0.3%	-0.7%	+0.3%	+1.5%	+0.7%	+3.0%
Mar 31	Piper Sandler	Maintains	Underweight → Underweight	—	$63.75	$53.96	-15.4%	-15.2%	-12.4%	-11.4%	-17.8%	-16.2%
Mar 31	Compass Point	Downgrade	Neutral → Sell	—	$63.75	$53.96	-15.4%	-15.2%	-12.4%	-11.4%	-17.8%	-16.2%
Mar 18	Compass Point	Maintains	Neutral → Neutral	—	$64.21	$65.22	+1.6%	+1.7%	-0.5%	-1.3%	-0.9%	+3.2%
Mar 17	Citizens Capital Markets	Maintains	Market Perform → Market Perform	—	$69.62	$66.46	-4.5%	-7.8%	-6.2%	-8.3%	-9.0%	-8.6%
Mar 17	Piper Sandler	Maintains	Underweight → Underweight	—	$69.62	$66.46	-4.5%	-7.8%	-6.2%	-8.3%	-9.0%	-8.6%
Feb 21	Roth MKM	Maintains	Buy → Buy	—	$72.87	$74.00	+1.6%	-0.3%	+0.4%	+1.2%	-0.1%	-0.5%
Dec 23	BTIG	Downgrade	Buy → Neutral	—	$73.66	$71.71	-2.6%	-4.4%	-4.5%	-4.0%	-7.5%	-8.6%
Dec 20	Compass Point	Downgrade	Buy → Neutral	—	$95.34	$74.00	-22.4%	-22.7%	-26.1%	-26.2%	-25.8%	-28.6%
Dec 16	JMP Securities	Maintains	Market Perform → Market Perform	—	$104.72	$103.99	-0.7%	-2.5%	-3.3%	-6.4%	-9.0%	-29.7%
Nov 8	Compass Point	Upgrade	Neutral → Buy	—	$110.07	$110.50	+0.4%	-3.4%	-2.1%	-5.6%	-6.4%	-6.0%
Nov 8	Piper Sandler	Maintains	Neutral → Neutral	—	$110.07	$110.50	+0.4%	-3.4%	-2.1%	-5.6%	-6.4%	-6.0%
Aug 9	Piper Sandler	Maintains	Neutral → Neutral	—	$114.92	$115.33	+0.4%	+0.7%	-0.4%	+2.0%	+1.4%	+2.7%
Jul 22	Roth MKM	Maintains	Buy → Buy	—	$118.28	$119.00	+0.6%	+2.8%	+3.2%	+1.0%	+2.1%	+3.9%
Mar 7	Craig-Hallum	Maintains	Hold → Hold	—	$96.71	$97.84	+1.2%	-0.1%	+0.2%	+1.2%	+1.9%	+1.0%
Feb 29	Piper Sandler	Maintains	Neutral → Neutral	—	$97.51	$99.25	+1.8%	+0.5%	+0.7%	+0.1%	-1.0%	-0.8%
Nov 6	Piper Sandler	Maintains	Neutral → Neutral	—	$80.59	$81.17	+0.7%	-1.5%	-2.6%	-4.1%	-6.8%	-5.9%
Sep 5	Compass Point	Downgrade	Buy → Neutral	—	$87.72	$85.45	-2.6%	-2.2%	+0.2%	+0.8%	+1.0%	+1.8%
Jun 30	Piper Sandler	Downgrade	Overweight → Neutral	—	$74.30	$73.30	-1.3%	-1.7%	-0.0%	-0.8%	-1.9%	-2.2%
May 31	Piper Sandler	Maintains	Overweight → Overweight	—	$67.15	$66.75	-0.6%	-1.6%	-2.4%	+2.4%	+0.6%	+5.2%
May 30	Compass Point	Maintains	Buy → Buy	—	$67.46	$68.18	+1.1%	-0.5%	-2.0%	-2.9%	+1.9%	+0.1%
May 17	Compass Point	Maintains	Buy → Buy	—	$69.16	$69.07	-0.1%	+1.7%	+2.2%	-1.8%	+0.6%	+1.2%
May 10	Craig-Hallum	Downgrade	Buy → Hold	—	$71.43	$71.00	-0.6%	+1.0%	-0.8%	-2.8%	-2.1%	-3.2%
Apr 5	Piper Sandler	Maintains	Overweight → Overweight	—	$72.80	$72.34	-0.6%	-1.0%	-0.1%	-0.9%	-0.2%	-1.4%
Mar 1	Piper Sandler	Maintains	Overweight → Overweight	—	$88.41	$87.16	-1.4%	-4.5%	-2.4%	-1.2%	-3.1%	-2.4%
Jan 24	BTIG	Maintains	Buy → Buy	—	$88.38	$88.56	+0.2%	-2.9%	-2.2%	-2.2%	-1.1%	-1.9%
Jan 20	JMP Securities	Downgrade	Market Outperform → Market Perform	—	$92.09	$91.45	-0.7%	-3.3%	-4.0%	-6.9%	-6.1%	-6.2%
Jan 20	Compass Point	Maintains	Buy → Buy	—	$92.09	$91.45	-0.7%	-3.3%	-4.0%	-6.9%	-6.1%	-6.2%
Jan 3	Compass Point	Maintains	Buy → Buy	—	$101.35	$102.00	+0.6%	-3.1%	-2.1%	-4.8%	-1.1%	+0.2%
Oct 7	Piper Sandler	Maintains	Overweight → Overweight	—	$96.28	$94.98	-1.4%	-5.4%	-3.5%	-2.5%	-3.3%	-3.2%
Sep 19	Compass Point	Upgrade	Neutral → Buy	—	$91.46	$93.27	+2.0%	+11.9%	+5.1%	+6.0%	+3.0%	+0.7%
Aug 8	Piper Sandler	Maintains	Overweight → Overweight	—	$94.41	$93.80	-0.6%	-0.8%	-2.4%	-0.1%	+2.1%	+4.3%
Aug 8	Compass Point	Downgrade	Buy → Neutral	—	$94.41	$93.80	-0.6%	-0.8%	-2.4%	-0.1%	+2.1%	+4.3%
Jul 19	JMP Securities	Maintains	Market Outperform → Market Outperform	—	$91.76	$90.00	-1.9%	-3.0%	+1.9%	+5.4%	+3.8%	+1.3%
Jul 19	Wolfe Research	Downgrade	Outperform → Peer Perform	—	$91.76	$90.00	-1.9%	-3.0%	+1.9%	+5.4%	+3.8%	+1.3%
Jun 2	JMP Securities	Maintains	Market Outperform → Market Outperform	—	$132.82	$131.21	-1.2%	+2.9%	+0.6%	+1.4%	+2.9%	+1.1%
May 9	Craig-Hallum	Upgrade	Hold → Buy	—	$134.00	$131.52	-1.9%	-2.7%	-4.0%	-8.3%	-5.3%	+3.3%
Nov 4	JMP Securities	Maintains	Market Outperform → Market Outperform	—	$260.07	$264.97	+1.9%	+2.9%	+5.5%	+8.4%	+8.0%	+4.5%
Sep 1	BTIG	Maintains	Buy → Buy	—	$245.91	$247.98	+0.8%	+0.7%	+1.3%	+2.5%	+1.6%	+1.0%
Aug 9	Craig-Hallum	Maintains	Hold → Hold	—	$228.45	$229.00	+0.2%	-0.3%	-0.2%	+0.5%	+1.7%	+2.1%
Aug 6	Roth Capital	Maintains	Buy → Buy	—	$216.94	$219.68	+1.3%	+5.3%	+5.0%	+5.1%	+5.8%	+7.1%
Jul 2	Wolfe Research	Maintains	Outperform → Outperform	—	$193.59	$196.00	+1.2%	+2.9%	+4.4%	+3.3%	+1.8%	+5.4%
Nov 5	Piper Sandler	Maintains	Overweight → Overweight	—	$133.58	$141.29	+5.8%	+16.7%	+14.1%	+8.6%	+14.9%	+16.3%
Sep 18	Roth Capital	Maintains	Buy → Buy	—	$126.18	$127.67	+1.2%	-1.1%	-2.3%	-1.3%	-6.4%	-5.4%
Sep 8	Piper Sandler	Maintains	Overweight → Overweight	—	$117.72	$117.72	+0.0%	+0.6%	+4.9%	+4.7%	+3.3%	+2.2%
Jan 14	BTIG Research	Maintains	Buy → Buy	—	$51.78	$52.99	+2.3%	+4.6%	+2.6%	+2.0%	+6.2%	+4.9%

Recent Filings

8-K

INNOVATIVE INDUSTRIAL PROPERTIES INC -- 8-K Filing

I cannot provide a meaningful analysis from this summary, as it contains only standard SEC boilerplate language about liability and incorporation by reference, with no substantive business information about Innovative Industrial Properties.

May 4

8-K

Innovative Industrial Properties, Inc. -- 8-K Filing

Innovative Industrial Properties has announced a share repurchase authorization, allowing management flexibility to buy back IIPR stock when conditions are favorable, though execution is discretionary with no guaranteed repurchase amount.

Mar 4

8-K

Innovative Industrial Properties, Inc. -- 8-K Filing

I cannot provide a meaningful analysis from this summary, as it contains only standard SEC boilerplate language about liability and incorporation by reference, without any substantive information about Innovative Industrial Properties' actual business developments or transactions.

Feb 23

Data updated apr 25, 2026 3:11pm · Source: massive.com