IIPR
Innovative Industrial Properties, Inc. NYSE Listed Dec 1, 2016$55.64
-1.40%
vs $56.43
Mkt Cap $1.6B
52w Low $44.58
53.2% of range
52w High $65.38
50d MA $58.89
200d MA $54.81
P/E (TTM)
11.7x
EV/EBITDA
6.7x
P/B
0.8x
Debt/Equity
0.2x
ROE
6.4%
P/FCF
9.0x
RSI (14)
44.90
ATR (14)
$1.12
Beta
1.47
50d MA
$58.89
200d MA
$54.81
Avg Volume
314.0K
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, 2017.
1389 Center Drive · Park City, UT 84098 · US
| Date | Time | Est | Rptd | Surp | Base | Gap% | D1% | D2% | D3% | D4% | D5% | Guide ▲★ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 3, 2026 | AMC | 1.02 | 1.83 | +79.4% | 58.59 | -1.3% | +3.0% | -3.1% | -0.2% | +1.4% | -3.0% | — |
| May 4, 2026 | AMC | 1.07 | 1.04 | -2.8% | 52.90 | +3.3% | +14.0% | -4.3% | -1.9% | +1.2% | -1.4% | — |
| Feb 23, 2026 | AMC | 1.05 | 1.88 | +79.0% | 46.16 | +3.1% | +10.7% | +3.3% | +3.4% | -3.0% | +1.4% | — |
| Nov 3, 2025 | AMC | 1.71 | 1.71 | +0.0% | 49.49 | +0.5% | +0.5% | +6.5% | -3.8% | +1.0% | +0.0% | — |
| Aug 6, 2025 | AMC | 1.61 | 1.71 | +6.2% | 51.62 | -3.2% | -10.7% | -0.6% | +6.2% | +7.7% | +4.2% | — |
| May 7, 2025 | AMC | 1.99 | 1.94 | -2.5% | 53.37 | +6.2% | +4.3% | -1.9% | +2.3% | -0.7% | -0.3% | — |
| Feb 19, 2025 | AMC | 2.22 | 2.22 | +0.0% | 73.43 | +2.2% | -0.8% | -0.3% | +0.7% | +0.8% | -1.4% | — |
| Nov 6, 2024 | AMC | 2.29 | 2.25 | -1.7% | 123.00 | -8.0% | -10.5% | -3.4% | +1.3% | -3.5% | -0.9% | — |
| Aug 5, 2024 | AMC | 2.23 | 2.29 | +2.7% | 113.16 | +0.8% | +1.3% | -1.5% | +1.8% | +0.7% | -1.1% | — |
| May 8, 2024 | AMC | 2.27 | 2.21 | -2.6% | 107.70 | -2.5% | -2.7% | -0.4% | +0.8% | +4.7% | +2.6% | — |
| Feb 26, 2024 | AMC | 2.24 | 2.28 | +1.8% | 89.75 | +2.5% | +6.2% | +2.3% | +0.5% | +0.2% | -0.6% | — |
| Nov 1, 2023 | AMC | 2.19 | 2.29 | +4.6% | 72.59 | +4.5% | +7.0% | +3.8% | -1.5% | -1.1% | -1.5% | — |
| Aug 2, 2023 | AMC | 2.11 | 2.26 | +7.1% | 76.56 | -0.7% | +1.6% | +1.0% | +3.2% | +1.1% | -0.0% | — |
| May 8, 2023 | AMC | 2.04 | 2.25 | +10.3% | 69.27 | +3.0% | +3.1% | +1.0% | -1.8% | -2.0% | +0.8% | — |
| 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% | +5.7% | -2.8% | -1.3% | +0.3% |
| Feb 25 | Piper Sandler | Maintains | Underweight → Underweight | — | $51.10 | $51.51 | +0.8% | +3.3% | +3.4% | -3.0% | +1.4% | -0.1% |
| Nov 5 | Piper Sandler | Maintains | Underweight → Underweight | — | $49.76 | $50.56 | +1.6% | +6.5% | -3.8% | +1.0% | +0.0% | +1.0% |
| Jul 2 | Wolfe Research | Downgrade | Outperform → Peer Perform | — | $56.69 | $55.50 | -2.1% | +0.7% | -0.3% | -2.8% | +0.3% | +0.5% |
| Apr 15 | Piper Sandler | Maintains | Underweight → Underweight | — | $50.83 | $51.00 | +0.3% | -0.7% | +1.0% | +1.3% | -0.8% | +2.2% |
| Mar 31 | Piper Sandler | Maintains | Underweight → Underweight | — | $63.75 | $53.96 | -15.4% | -15.2% | +3.2% | +1.2% | -7.2% | +1.9% |
| Mar 31 | Compass Point | Downgrade | Neutral → Sell | — | $63.75 | $53.96 | -15.4% | -15.2% | +3.2% | +1.2% | -7.2% | +1.9% |
| Mar 18 | Compass Point | Maintains | Neutral → Neutral | — | $64.21 | $65.22 | +1.6% | +1.7% | -2.2% | -0.8% | +0.4% | +4.2% |
| Mar 17 | Citizens Capital Markets | Maintains | Market Perform → Market Perform | — | $69.62 | $66.46 | -4.5% | -7.8% | +1.7% | -2.2% | -0.8% | +0.4% |
| Mar 17 | Piper Sandler | Maintains | Underweight → Underweight | — | $69.62 | $66.46 | -4.5% | -7.8% | +1.7% | -2.2% | -0.8% | +0.4% |
| Feb 21 | Roth MKM | Maintains | Buy → Buy | — | $72.87 | $74.00 | +1.6% | -0.3% | +0.7% | +0.8% | -1.4% | -0.4% |
| Dec 23 | BTIG | Downgrade | Buy → Neutral | — | $73.66 | $71.71 | -2.6% | -4.4% | -0.1% | +0.5% | -3.7% | -1.2% |
| Dec 20 | Compass Point | Downgrade | Buy → Neutral | — | $95.34 | $74.00 | -22.4% | -22.7% | -4.4% | -0.1% | +0.5% | -3.7% |
| Dec 16 | JMP Securities | Maintains | Market Perform → Market Perform | — | $104.72 | $103.99 | -0.7% | -2.5% | -0.8% | -3.2% | -2.8% | -22.7% |
| Nov 8 | Compass Point | Upgrade | Neutral → Buy | — | $110.07 | $110.50 | +0.4% | -3.4% | +1.3% | -3.5% | -0.9% | +0.4% |
| Nov 8 | Piper Sandler | Maintains | Neutral → Neutral | — | $110.07 | $110.50 | +0.4% | -3.4% | +1.3% | -3.5% | -0.9% | +0.4% |
| Aug 9 | Piper Sandler | Maintains | Neutral → Neutral | — | $114.92 | $115.33 | +0.4% | +0.7% | -1.1% | +2.4% | -0.6% | +1.3% |
| Jul 22 | Roth MKM | Maintains | Buy → Buy | — | $118.28 | $119.00 | +0.6% | +2.8% | +0.4% | -2.1% | +1.0% | +1.8% |
| Mar 7 | Craig-Hallum | Maintains | Hold → Hold | — | $96.71 | $97.84 | +1.2% | -0.1% | +0.3% | +1.0% | +0.7% | -0.9% |
| Feb 29 | Piper Sandler | Maintains | Neutral → Neutral | — | $97.51 | $99.25 | +1.8% | +0.5% | +0.2% | -0.6% | -1.1% | +0.2% |
| Nov 6 | Piper Sandler | Maintains | Neutral → Neutral | — | $80.59 | $81.17 | +0.7% | -1.5% | -1.1% | -1.5% | -2.8% | +0.9% |
| Sep 5 | Compass Point | Downgrade | Buy → Neutral | — | $87.72 | $85.45 | -2.6% | -2.2% | +2.4% | +0.6% | +0.2% | +0.8% |
| Jun 30 | Piper Sandler | Downgrade | Overweight → Neutral | — | $74.30 | $73.30 | -1.3% | -1.7% | +1.7% | -0.8% | -1.1% | -0.3% |
| May 31 | Piper Sandler | Maintains | Overweight → Overweight | — | $67.15 | $66.75 | -0.6% | -1.6% | -0.9% | +5.0% | -1.8% | +4.6% |
| May 30 | Compass Point | Maintains | Buy → Buy | — | $67.46 | $68.18 | +1.1% | -0.5% | -1.6% | -0.9% | +5.0% | -1.8% |
| May 17 | Compass Point | Maintains | Buy → Buy | — | $69.16 | $69.07 | -0.1% | +1.7% | +0.4% | -3.9% | +2.5% | +0.6% |
| May 10 | Craig-Hallum | Downgrade | Buy → Hold | — | $71.43 | $71.00 | -0.6% | +1.0% | -1.8% | -2.0% | +0.8% | -1.1% |
| Apr 5 | Piper Sandler | Maintains | Overweight → Overweight | — | $72.80 | $72.34 | -0.6% | -1.0% | +0.9% | -0.9% | +0.8% | -1.3% |
| Mar 1 | Piper Sandler | Maintains | Overweight → Overweight | — | $88.41 | $87.16 | -1.4% | -4.5% | +2.2% | +1.2% | -2.0% | +0.7% |
| Jan 24 | BTIG | Maintains | Buy → Buy | — | $88.38 | $88.56 | +0.2% | -2.9% | +0.8% | -0.0% | +1.1% | -0.8% |
| Jan 20 | JMP Securities | Downgrade | Market Outperform → Market Perform | — | $92.09 | $91.45 | -0.7% | -3.3% | -0.7% | -2.9% | +0.8% | -0.0% |
| Jan 20 | Compass Point | Maintains | Buy → Buy | — | $92.09 | $91.45 | -0.7% | -3.3% | -0.7% | -2.9% | +0.8% | -0.0% |
| Jan 3 | Compass Point | Maintains | Buy → Buy | — | $101.35 | $102.00 | +0.6% | -3.1% | +1.0% | -2.8% | +3.9% | +1.3% |
| Oct 7 | Piper Sandler | Maintains | Overweight → Overweight | — | $96.28 | $94.98 | -1.4% | -5.4% | +1.9% | +1.0% | -0.8% | +0.2% |
| Sep 19 | Compass Point | Upgrade | Neutral → Buy | — | $91.46 | $93.27 | +2.0% | +11.9% | -6.0% | +0.8% | -2.8% | -2.3% |
| Aug 8 | Piper Sandler | Maintains | Overweight → Overweight | — | $94.41 | $93.80 | -0.6% | -0.8% | -1.6% | +2.4% | +2.1% | +2.1% |
| Aug 8 | Compass Point | Downgrade | Buy → Neutral | — | $94.41 | $93.80 | -0.6% | -0.8% | -1.6% | +2.4% | +2.1% | +2.1% |
| Jul 19 | JMP Securities | Maintains | Market Outperform → Market Outperform | — | $91.76 | $90.00 | -1.9% | -3.0% | +5.0% | +3.5% | -1.5% | -2.5% |
| Jul 19 | Wolfe Research | Downgrade | Outperform → Peer Perform | — | $91.76 | $90.00 | -1.9% | -3.0% | +5.0% | +3.5% | -1.5% | -2.5% |
| Jun 2 | JMP Securities | Maintains | Market Outperform → Market Outperform | — | $132.82 | $131.21 | -1.2% | +2.9% | -2.3% | +0.8% | +1.4% | -1.8% |
| May 9 | Craig-Hallum | Upgrade | Hold → Buy | — | $134.00 | $131.52 | -1.9% | -2.7% | -1.4% | -4.4% | +3.2% | +9.1% |
| Nov 4 | JMP Securities | Maintains | Market Outperform → Market Outperform | — | $260.07 | $264.97 | +1.9% | +2.9% | +2.5% | +2.8% | -0.4% | -3.3% |
| Sep 1 | BTIG | Maintains | Buy → Buy | — | $245.91 | $247.98 | +0.8% | +0.7% | +0.7% | +1.2% | -0.9% | -0.6% |
| Aug 9 | Craig-Hallum | Maintains | Hold → Hold | — | $228.45 | $229.00 | +0.2% | -0.3% | +0.1% | +0.7% | +1.2% | +0.4% |
| Aug 6 | Roth Capital | Maintains | Buy → Buy | — | $216.94 | $219.68 | +1.3% | +5.3% | -0.3% | +0.1% | +0.7% | +1.2% |
| Jul 2 | Wolfe Research | Maintains | Outperform → Outperform | — | $193.59 | $196.00 | +1.2% | +2.9% | +1.5% | -1.1% | -1.5% | +3.5% |
| Nov 5 | Piper Sandler | Maintains | Overweight → Overweight | — | $133.58 | $141.29 | +5.8% | +16.7% | -2.2% | -4.8% | +5.8% | +1.2% |
| Sep 18 | Roth Capital | Maintains | Buy → Buy | — | $126.18 | $127.67 | +1.2% | -1.1% | -1.2% | +1.1% | -5.2% | +1.0% |
| Sep 8 | Piper Sandler | Maintains | Overweight → Overweight | — | $117.72 | $117.72 | +0.0% | +0.6% | +4.2% | -0.1% | -1.3% | -1.1% |
| Jan 14 | BTIG Research | Maintains | Buy → Buy | — | $51.78 | $52.99 | +2.3% | +4.6% | -1.9% | -0.5% | +4.1% | -1.3% |
| Date | Insider | Title | Type | Shares | Price | Value | Owned After | D1% | D5% |
|---|---|---|---|---|---|---|---|---|---|
| Sep 15, 2026 | Shoemaker Scott | — | Sell | 611 | $56.36 | $34K | 2,000 | -1.40% | — |
| Aug 31, 2026 | Ives Bruce Alan | — | Buy | 528 | $56.70 | $30K | 3,180 | +1.18% | -0.31% |
8-K · 8.01
!! High
Innovative Industrial Properties, Inc. -- 8-K 8.01: Material Event / Announcement
Sep 1
8-K · 3.02
!! High
Grown Rogue International Inc. -- 8-K 3.02: Unregistered Securities Offering
Aug 25
8-K · 2.02
!! High
Innovative Industrial Properties, Inc. -- 8-K 2.02: Earnings Results
Innovative Industrial Properties reported Q2 2026 earnings on August 3, demonstrating operational performance that investors should evaluate against guidance and sector comparables for investment decision-making.
Aug 3
8-K
Innovative Industrial Properties, Inc. -- 8-K Filing
Jul 21
8-K · 1.01
! Medium
Innovative Industrial Properties, Inc. -- 8-K 1.01: Financing / Debt Agreement
May 20
8-K · 1.01
! Medium
Innovative Industrial Properties, Inc. -- 8-K 1.01: Financing / Debt Agreement
May 19
8-K
Innovative Industrial Properties, Inc. -- 8-K Filing
I cannot provide a meaningful analysis as the summary contains only standard SEC boilerplate language without substantive information about any actual corporate event or transaction affecting Innovative Industrial Properties (IIPR).
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
Institutional (13F) — Top 20
All ↗
| # | Manager | Shares | Value | Chg | Period |
|---|---|---|---|---|---|
| 1 | Blackrock, Inc. | 4,997,521 | $310M | New | Jun 2026 |
| 2 | Vanguard Portfolio Management Llc | 2,818,950 | $175M | Added | Jun 2026 |
| 3 | Vanguard Capital Management Llc | 1,292,586 | $80M | Added | Jun 2026 |
| 4 | Arrowstreet Capital, Limited Partnership | 539,600 | $27M | Added | Mar 2026 |
| 5 | Invesco Ltd. | 496,077 | $25M | Added | Mar 2026 |
| 6 | Morgan Stanley | 519,068 | $25M | Reduced | Dec 2025 |
| 7 | Point72 Asset Management, L.p. | 351,544 | $22M | Reduced | Jun 2026 |
| 8 | Northern Trust Corp | 380,287 | $19M | Added | Mar 2026 |
| 9 | D. E. Shaw & Co., Inc. | 304,567 | $19M | Reduced | Jun 2026 |
| 10 | Bank Of New York Mellon Corp | 191,314 | $10M | Reduced | Mar 2026 |
| 11 | Principal Financial Group Inc | 184,039 | $9M | Added | Dec 2025 |
| 12 | Public Sector Pension Investment Board | 114,677 | $7M | New | Jun 2026 |
| 13 | Jpmorgan Chase & Co | 132,514 | $7M | Reduced | Mar 2026 |
| 14 | Nuveen, Llc | 91,732 | $6M | Added | Jun 2026 |
| 15 | Citadel Advisors Llc | 82,544 | $5M | Added | Jun 2026 |
| 16 | Rhumbline Advisers | 81,919 | $5M | New | Jun 2026 |
| 17 | First Trust Advisors Lp | 100,294 | $5M | Added | Mar 2026 |
| 18 | Truewealth Advisors, Llc | 72,865 | $5M | Reduced | Jun 2026 |
| 19 | Exchange Traded Concepts, Llc | 72,428 | $4M | New | Jun 2026 |
| 20 | Compass Financial Management Llc | 72,193 | $4M | New | Jun 2026 |
Mutual Funds / ETFs (N-PORT) — Top 20
All ↗
Valuation
Market Cap
$1.61B
Enterprise Value
$1.61B
P/E (TTM)
11.71x
Forward P/E
12.93x
PEG Ratio
-0.40x
P/B
0.84x
P/S
6.12x
P/FCF
9.03x
EV/EBITDA
6.73x
Shares Out
28.4M
Financials (TTM)
Revenue
$263.7M
Net Income
$137.8M
EBITDA
$238.4M
Free Cash Flow
$174.8M
Op Cash Flow
$198.2M
EPS Basic
$3.98
EPS Diluted
$4.42
EPS Forward
$4.30
Gross Margin
62.9%
Op Margin
52.3%
Net Margin
52.3%
Balance Sheet
Total Assets
$2.37B
Total Liab.
$522.9M
Total Equity
$1.85B
Cash
$47.6M
LT Debt
$74.4M
Book Value/Sh
$65.99
Debt/Equity
0.21x
Current Ratio
0.15
Quick Ratio
0.15
Returns & Growth
ROE
6.4%
ROA
5.0%
ROIC
227.9%
Rev Growth YoY
-13.8%
EPS Growth YoY
-28.7%
Price Returns
2W
-2.1%
1M
-1.0%
3M
-6.2%
6M
+3.8%
12M
-3.1%
Technicals
52W High
$65.38
52W Low
$44.58
50d MA
$58.89
200d MA
$54.81
RSI (14)
44.90
ATR (14)
$1.12
Beta
1.47
Avg Volume
314K
Dividends
Div Rate
$7.84
Div Yield
14.4%
Frequency
4
Ex-Div Date
Mar 31, 2026
Analyst Price Targets
Consensus
$44.00
High
$44.00
Low
$44.00
Median
$44.00
Data updated apr 25, 2026 3:11pm
· Source: financialmodelingprep.com