Stock Taper
OPPORTUNITY RADAR SCREENER COMPARE ANY 2 STOCKS
IIPR
INNOVATIVE INDUSTRIAL PROPERTIES, INC.
NYSE
$51.23
▲ UP 1.93% (0.97)

KEY STATISTICS

Market Cap$1.48 B
52w High$65.38
52w Low$44.58
Dividend Yield13.59%
FrequencyQuarterly
P/E11.44
Volume483.18K
Shares Out.29.00M

COMPANY

LEADERSHIP

Paul E. Smithers
CHIEF EXECUTIVE
Paul E. Smithers

COMPENSATION 2026

Salary$1,120,350
Stock Awards$2,375,203
Incentive Plan Pay$1,216,364
All Other Comp.$10,500
Total$4,722,417

ABOUT

SECTOR
Real Estate
WENT PUBLIC
December 1, 2016
METHOD OF GOING PUBLIC
IPO
FULL TIME EMPLOYEES
24

PRICE TARGET

Target High$150.00
Target Low$44.00
Target Median$60.00
Target Consensus$84.67

UPCOMING EARNINGS

DateNov 2, 2026
DayMonday
Rev. Est.$60.87M
NOV
2
MON

ETFS HOLDING THIS STOCK

ETFS HOLDING
219
LISTED HERE
10
RANKED BY POSITION SIZE
XSMC.TO
0.08%
1.6M
VNQ
0.09%
1.1M
KBWY
7.01%
386.1K
SDIV
1.17%
267.2K
SILX
14.56%
255.7K
SPSM
0.08%
253.0K
SCHH
0.11%
219.5K
DFAR
0.11%
178.0K
VETS
0.23%
129.4K
USVM
0.29%
100.1K

INSTITUTIONAL OWNERSHIP

SHARES OWNED
63.13%
HOLDERS
478
TOP 8 OF 478 · RANKED BY POSITION SIZE
Blackrock Inc.
5.0M sh
$546.77M
Blackrock, Inc.
5.0M sh
$309.75M
Vanguard Group Inc
4.3M sh
$202.22M
State Street Corp
1.6M sh
$103.99M
Charles Schwab Investment Management Inc
648.6K sh
$40.2M
Sixth Street Partners Management Company, L.P.
648.6K sh
$40.2M
Arrowstreet Capital, Limited Partnership
564.3K sh
$34.98M
Goldman Sachs Group Inc
541.9K sh
$27.18M

PRICE

$51.23 ▲ UP 1.93% (+$0.97)
$50.50$50.75$51.00$51.259:30 AM10:35 AM11:40 AM12:45 PM1:49 PM2:54 PM3:59 PM51.23

About Innovative Industrial Properties, Inc.

https://www.innovativeindustrialproperties.com ↗

Innovative Industrial Properties, Inc. is a Maryland REIT that acquires, owns, and manages specialized properties leased to licensed operators for medical cannabis facilities.

INDUSTRY

REIT - Industrial

A SERVICE INNOVATIVE INDUSTRIAL PROPERTIES, INC. IS KNOWN FOR

Sale-Leaseback Real Estate Capital for the Regulated Cannabis Industry

Innovative Industrial Properties, Inc. provides cannabis operators with capital through sale-leaseback of industrial real estate, enabling industry growth and operational investment.

COMPETITORS

COMPETITOR
AFCG COMPARE
REFI COMPARE

Innovative Industrial Properties in 2025

SENTIMENT: + POSITIVE
Alan Gold
PARTNERSHIP · AUGUST 2025

Innovative Industrial Properties Makes First Major Move Beyond Cannabis with $270 Million Investment in Life Science REIT IQHQ

In a significant strategic pivot, IIPR announced a $270 million investment in life science real estate platform IQHQ, marking its first major diversification outside the cannabis sector. This move was presented as a "return to growth" and a direct response to the persistent tenant defaults and financial challenges within its core cannabis portfolio throughout 2025.

MARKET EXPANSION · AUGUST 2025 · IN PROGRESS

Innovative Industrial Properties Diversifies Beyond Cannabis with a $270 Million Strategic Investment in Life Science Real Estate

In a significant strategic pivot, Innovative Industrial Properties initiated its first major investment outside of the cannabis sector with a $270 million commitment to IQHQ, a premier life science real estate platform. This move marks a deliberate expansion of its investment focus to include the life sciences industry, aiming to diversify its portfolio and revenue streams.

Latest News

BUSINESS WIRE · OCT 7, 2026

Innovative Industrial Properties Announces Launch of Series B Preferred Stock Offering

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today that it has commenced a public offering of its Series B Cumulative Redeemable Preferred Stock (“Series B Preferred Stock”). The Company expects to grant the underwriters a 30-day option to purchase additional shares to cover overallotments, if any. Currently no market exists for the Series B Preferred Stock. The Company plans to file an application to list the Series B Preferred Stock.

READ ARTICLE
EARLIER COVERAGE
SEEKING ALPHA · OCT 5, 2026

Innovative Industrial Properties: When New Highs Mean Newer Lows

Innovative Industrial Properties has seen its dividend yield grow to 15%  with adjusted FFO coverage expanding, despite recent tenant defaults and surging Treasury yields. IIPR's second-quarter revenue grew 0.7% year-over-year to $63.32 million, with adjusted FFO at $1.83 per share, supporting a 96.32% dividend coverage ratio. Parallel tenant default impacts 5.1% of base rent, but IIPR expects Florida market strength to aid re-tenanting and continues diversifying into life sciences.

READ ARTICLE
DEFENSE WORLD · OCT 4, 2026

Innovative Industrial Properties (NYSE:IIPR) vs. Americold Realty Trust (NYSE:COLD) Financial Review

Americold Realty Trust (NYSE: COLD - Get Free Report) and Innovative Industrial Properties (NYSE: IIPR - Get Free Report) are both real estate companies, but which is the better investment? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, earnings, profitability, dividends, risk and institutional ownership. Dividends Americold Realty Trust pays

READ ARTICLE
THE MOTLEY FOOL · OCT 3, 2026

2 High-Octane Cannabis Stocks to Buy in October for Aggressive Investors

The two pot companies had higher second-quarter profit. Their balance sheets are stronger than other companies in the sector.

READ ARTICLE
GURUFOCUS · OCT 1, 2026

Innovative Industrial Properties Announces Mezzanine Loan Commitment of $245 Million for Alewife Park

Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today that it entered into definitive agreements to provide $245 million

READ ARTICLE

RATINGS SNAPSHOT

Overall rating: A-

DCFROEROAD/EP/EP/B
Discounted Cash Flow4
Return On Equity3
Return On Assets5
Debt To Equity2
Price To Earnings3
Price To Book3
Overall Score4

MOST RECENT ANALYST GRADES

GRADE SUMMARY
UNDERWEIGHT 1
NEUTRAL 1
2 GRADES IN THE LAST 12 MONTHS
Piper Sandler UNDERWEIGHT Compass Point NEUTRAL

SECTORS PEERS

PEERPRICE
EPR$54.45COMPARE
EFC$11.62COMPARE
FOR$25.45COMPARE
UMH$15.18COMPARE
LADR$8.65COMPARE
ARI$6.20COMPARE
TRTX$5.93COMPARE
KREF$6.17COMPARE

TRADES BY CONGRESS

HOUSE TRADES
Daniel Goldman
Daniel Goldman
Sale (Full)
2023-07-12
 Chris Jacobs
Chris Jacobs
Purchase
2022-10-12
 Christopher L. Jacobs
Christopher L. Jacobs
Purchase
2022-10-12

INSIDER TRADES

★
DIRECTOR
Shoemaker Scott
Sale · 611 shares
2026-09-15
★
DIRECTOR
Ives Bruce Alan
Purchase · 528 shares
2026-08-31
★
DIRECTOR, OFFICER: PRESIDENT, CEO AND DIRECTOR
Smithers Paul E.
Purchase · 22.3K shares
2026-06-19
★
OFFICER: CFO AND TREASURER
Smith David Jon
Purchase · 9.2K shares
2026-06-19