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Innovative Industrial Properties Inc stock is traded at $55.41, with a volume of 221.92K. It is down -1.11% in the last 24 hours and down -14.12% over the past month. 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.
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Previous Close:
$55.99
Open:
$55.58
24h Volume:
221.92K
Relative Volume:
0.62
Market Cap:
$1.61B
Revenue:
$263.23M
Net Income/Loss:
$116.76M
P/E Ratio:
14.14
EPS:
3.918
Net Cash Flow:
$182.64M
1W Performance:
-3.54%
1M Performance:
-14.12%
6M Performance:
+20.24%
1Y Performance:
+5.97%
1-Day Range:
Value
$55.28
$55.87
1-Week Range:
Value
$55.28
$58.70
52-Week Range:
Value
$44.58
$65.38

Innovative Industrial Properties Inc Stock (IIPR) Company Profile

Name
Name
Innovative Industrial Properties Inc
Name
Phone
(858) 997-3332
Name
Address
1389 CENTER DRIVE, PARK CITY, CA
Name
Employee
23
Name
Twitter
Name
Next Earnings Date
2026-08-03
Name
Latest SEC Filings
Name
IIPR's Discussions on Twitter

Compare IIPR vs PLD, PSA, EXR, EGP, LINE

Stocks Price Market Cap Revenue Net Income Cash Flow EPS
IIPR icon
IIPR
Innovative Industrial Properties Inc
55.41 1.62B 263.23M 116.76M 182.64M 3.918
PLD icon
PLD
Prologis Inc
140.24 134.03B 9.19B 4.47B 4.25B 4.491
PSA icon
PSA
Public Storage
323.97 60.87B 4.86B 1.92B 2.88B 9.6884
EXR icon
EXR
Extra Space Storage Inc
146.87 31.25B 3.41B 988.29M 1.70B 4.396
EGP icon
EGP
Eastgroup Properties Inc
202.37 10.92B 737.14M 292.65M 417.71M 5.4968
LINE icon
LINE
Lineage Inc
40.73 9.51B 5.36B -159.00M 153.00M -0.6191

Innovative Industrial Properties Inc Stock (IIPR) Upgrades & Downgrades

Date Action Analyst Rating Change
Mar-03-26 Upgrade Compass Point Sell → Neutral
Jul-02-25 Downgrade Wolfe Research Outperform → Peer Perform
Apr-23-25 Resumed Wolfe Research Outperform
Mar-31-25 Downgrade Compass Point Neutral → Sell
Dec-23-24 Downgrade BTIG Research Buy → Neutral
Dec-20-24 Downgrade Compass Point Buy → Neutral
Dec-20-24 Downgrade Piper Sandler Neutral → Underweight
Dec-17-24 Initiated Alliance Global Partners Buy
Nov-08-24 Upgrade Compass Point Neutral → Buy
Sep-05-23 Downgrade Compass Point Buy → Neutral
Jun-30-23 Downgrade Piper Sandler Overweight → Neutral
May-10-23 Downgrade Craig Hallum Buy → Hold
Jan-20-23 Downgrade JMP Securities Mkt Outperform → Mkt Perform
Sep-19-22 Upgrade Compass Point Neutral → Buy
Aug-08-22 Downgrade Compass Point Buy → Neutral
Jul-19-22 Downgrade Wolfe Research Outperform → Peer Perform
Jul-15-22 Reiterated BTIG Research Buy
May-09-22 Upgrade Craig Hallum Hold → Buy
Jul-02-21 Initiated Wolfe Research Outperform
Dec-23-20 Downgrade Ladenburg Thalmann Buy → Neutral
Sep-08-20 Initiated Piper Sandler Overweight
Jul-28-20 Initiated JMP Securities Mkt Outperform
Mar-23-20 Upgrade Ladenburg Thalmann Neutral → Buy
Mar-16-20 Initiated ROTH Capital Buy
Mar-10-20 Initiated Craig Hallum Hold
Mar-20-19 Downgrade Ladenburg Thalmann Buy → Neutral
Jan-24-18 Reiterated Ladenburg Thalmann Buy
Jan-13-17 Initiated Ladenburg Thalmann Buy
View All

Innovative Industrial Properties Inc Stock (IIPR) Latest News

pulisher
Aug 15, 2026

Innovative Industrial Properties (NYSE:IIPR) stock in focus after quarterly dividend declared - Kalkine Media

Aug 15, 2026
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Aug 15, 2026

Innovative Industrial Properties Inc | 8-K: Innovative Industrial Properties Reports First Quarter 2026 Results - Moomoo

Aug 15, 2026
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Aug 14, 2026

Innovative Industrial (NYSE:IIPR) Rides Sector Momentum Into The Spotlight - Kalkine Media

Aug 14, 2026
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Aug 12, 2026

Innovative Industrial Propertie (IIPR) Stock Forecasts - Yahoo Finance

Aug 12, 2026
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Aug 11, 2026

Behavioral Patterns of IIPR and Institutional Flows - news.stocktradersdaily.com

Aug 11, 2026
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Aug 10, 2026

Innovative Industrial Properties Inc (1IK.MU) Analyst Insights, Price Targets & Recommendations - Yahoo! Finance Canada

Aug 10, 2026
pulisher
Aug 08, 2026

1 REIT To Sell And 1 Better REIT To Buy - Seeking Alpha

Aug 08, 2026
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Aug 07, 2026

Innovative Industrial Properties Inc (1IK.MU) Analyst insights, Price targets and RecommendationsYahoo Finance - Yahoo Finance Singapore

Aug 07, 2026
pulisher
Aug 06, 2026

Is Innovative Industrial Properties (IIPR) Undervalued After Higher Net Income And Its 5% Buyback? - Yahoo Finance

Aug 06, 2026
pulisher
Aug 06, 2026

Analysts Conflicted on These Real Estate Names: eXp World Holdings (AGNT), Innovative Industrial Properties (IIPR) and Douglas Emmett (DEI) - The Globe and Mail

Aug 06, 2026
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Aug 05, 2026

Innovative Industrial Properties Q2 Earnings Call Highlights - MarketBeat

Aug 05, 2026
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Aug 05, 2026

Innovative Industrial Properties remains a stro... - Pluang

Aug 05, 2026
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Aug 05, 2026

Roth MKM Maintains Innovative Industrial Properties Inc(IIPR.US) With Buy Rating, Maintains Target Price $90 - Moomoo

Aug 05, 2026
pulisher
Aug 05, 2026

Innovative Industrial Properties: I'm Still Bullish (NYSE:IIPR) - Seeking Alpha

Aug 05, 2026
pulisher
Aug 05, 2026

Innovative Industrial Properties: Great Risks, Rich DividendsShort-Term Contrarian Play - Seeking Alpha

Aug 05, 2026
pulisher
Aug 05, 2026

Innovative Industrial Properties, Inc. $IIPR Shares Sold by Edgestream Partners L.P. - MarketBeat

Aug 05, 2026
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Aug 05, 2026

Innovative Industrial Properties (IIPR) Stock Rises As AFFO Holds While Tenant Risk Lingers - Sahm

Aug 05, 2026
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Aug 05, 2026

Q2 2026 Innovative Industrial Properties Inc Earnings Call Transcript - GuruFocus

Aug 05, 2026
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Aug 04, 2026

Innovative Industrial Properties Inc (IIPR) (Q2 2026) Earnings C - GuruFocus

Aug 04, 2026
pulisher
Aug 04, 2026

Innovative Industrial Properties : Quarterly Report for Quarter Ending JUNE 30, 2026 (Form 10-Q) - marketscreener.com

Aug 04, 2026
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Aug 04, 2026

Innovative Industrial Posts Solid Q2 Results, Strengthens Balance Sheet - The Globe and Mail

Aug 04, 2026
pulisher
Aug 04, 2026

Earnings call transcript: Innovative Industrial Properties posts mixed Q2 2026 results - Investing.com Nigeria

Aug 04, 2026
pulisher
Aug 04, 2026

Innovative Industrial Properties: The Bull Case Is Tempting, But It's Not For Me - Seeking Alpha

Aug 04, 2026
pulisher
Aug 04, 2026

Piper Sandler Maintains Innovative Industrial Properties Inc(IIPR.US) With Sell Rating, Maintains Target Price $51 - Moomoo

Aug 04, 2026
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Aug 03, 2026

Innovative Industrial Properties (NYSE:IIPR) Releases Earnings Results, Beats Estimates By $0.34 EPS - MarketBeat

Aug 03, 2026
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Aug 03, 2026

Innovative Industrial Properties Q2 Adjusted FFO, Revenue Rise - marketscreener.com

Aug 03, 2026
pulisher
Aug 03, 2026

Innovative Industrial Properties : Investor Presentation 8-3-2026 - marketscreener.com

Aug 03, 2026
pulisher
Aug 03, 2026

Innovative Industrial Properties Q2 revenue misses estimates - TradingView

Aug 03, 2026
pulisher
Aug 03, 2026

Earnings Flash (IIPR) Innovative Industrial Properties, Inc. Posts Q2 AFFO $1.83 per Share, vs. FactSet Est of $1.78 - marketscreener.com

Aug 03, 2026
pulisher
Aug 03, 2026

BRIEF-Innovative Industrial Properties Q2 Revenue USD 63.3 Million - TradingView

Aug 03, 2026
pulisher
Aug 03, 2026

Innovative Industrial (NYSE: IIPR) lifts Q2 net income to $40.7M - Stock Titan

Aug 03, 2026
pulisher
Aug 03, 2026

Innovative Industrial Properties earnings loom as tenant risks test REIT - Investing.com

Aug 03, 2026
pulisher
Aug 03, 2026

Tranche Update on Innovative Industrial Properties, Inc.'s Equity Buyback Plan announced on March 4, 2026. - marketscreener.com

Aug 03, 2026
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Jul 31, 2026

Innovative Industrial Properties, Inc. Revenue Breakdown – NYSE:IIPR - TradingView

Jul 31, 2026
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Jul 30, 2026

Arrowstreet Capital Limited Partnership Raises Position in Innovative Industrial Properties, Inc. $IIPR - marketbeat.com

Jul 30, 2026
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Jul 28, 2026

Innovative Industrial Properties (IIPR) Stock Dips While Market Gains: Key Facts - Yahoo Finance

Jul 28, 2026
pulisher
Jul 27, 2026

Innovative Industrial Properties (IIPR) Projected to Post Quarterly Earnings on Monday - MarketBeat

Jul 27, 2026
pulisher
Jul 26, 2026

Innovative Industrial Properties Inc Revenue Breakdown – HAM:1IK - TradingView

Jul 26, 2026
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Jul 25, 2026

Innovative Industrial Properties Inc Revenue Breakdown – DUS:1IK - TradingView

Jul 25, 2026
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Jul 24, 2026

Innovative Industrial Properties Inc Revenue Breakdown – MUN:1IK - TradingView

Jul 24, 2026
pulisher
Jul 24, 2026

Why Is WM Technology (NASDAQ:MAPS) Drawing Market Interest? - Kalkine Media

Jul 24, 2026
pulisher
Jul 23, 2026

REIT Rebound: 3 Top REITs Averaging 9.8% FWD Yield - Seeking Alpha

Jul 23, 2026
pulisher
Jul 22, 2026

Innovative Industrial Properties (NYSE:IIPR) In Focus As Property Themes Return - Kalkine Media

Jul 22, 2026
pulisher
Jul 22, 2026

Innovative Indl Props Is Maintained at Underweight by Piper Sandler - Moomoo

Jul 22, 2026
pulisher
Jul 22, 2026

IIPR stock trades around recent lows as cannabis REIT focuses on rental growth and dividend stabilit - AD HOC NEWS

Jul 22, 2026
pulisher
Jul 21, 2026

Innovative Industrial Properties (IIPR) Stock Sinks As Market Gains: Here's Why - Yahoo Finance

Jul 21, 2026
pulisher
Jul 21, 2026

Piper Sandler Maintains Innovative Industrial Properties Inc(IIPR.US) With Sell Rating, Raises Target Price to $51 - 富途牛牛

Jul 21, 2026
pulisher
Jul 21, 2026

IIPR Maintains Rating by Piper Sandler -- Price Target Raised to $51 - GuruFocus

Jul 21, 2026
pulisher
Jul 21, 2026

Innovative Industrial Properties (NYSE:IIPR) Stock Price Expected to Rise, Piper Sandler Analyst Says - MarketBeat

Jul 21, 2026
pulisher
Jul 21, 2026

Innovative Industrial Properties, Inc. Files Form 8-K: Key Details on Address, Management, and Securities (July 2026) - Minichart

Jul 21, 2026
pulisher
Jul 21, 2026

Innovative Industrial Properties reports $1.6M rent default, tenant vacating two Florida properties - TradingView

Jul 21, 2026

Innovative Industrial Properties Inc Stock (IIPR) Financials Data

Revenue

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Net Income

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Cash Flow

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EPS

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Innovative Industrial Properties Inc Stock (IIPR) Insider Trading

Insider Trading Relationship Date Transaction Cost #Shares Value ($) #Shares Total
Smithers Paul E.
PRESIDENT, CEO AND DIRECTOR
Jan 02 '26
Option Exercise
0.00
10,653
0
108,103
Smith David Jon
CFO AND TREASURER
Jan 01 '26
Option Exercise
0.00
4,555
0
5,155
Gold Alan D
EXECUTIVE CHAIRMAN
Nov 24 '25
Buy
49.09
2,600
127,634
2,600
Gold Alan D
EXECUTIVE CHAIRMAN
Nov 19 '25
Buy
46.26
1,000
46,260
57,500
Gold Alan D
EXECUTIVE CHAIRMAN
Nov 20 '25
Buy
45.70
1,000
45,695
58,500
Smith David Jon
CFO AND TREASURER
Nov 20 '25
Buy
45.90
600
27,540
600
$36.58
price down icon 0.35%
$67.47
price down icon 1.08%
$35.70
price down icon 1.39%
FR FR
$62.40
price down icon 0.87%
$41.07
price down icon 0.99%
$40.74
price down icon 2.44%
Cap:     |  Volume (24h):