55.06
price down icon2.82%   -1.60
after-market After Hours: 55.06
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Innovative Industrial Properties Inc stock is traded at $55.06, with a volume of 329.56K. It is down -2.82% in the last 24 hours and up +15.43% 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:
$56.66
Open:
$56.24
24h Volume:
329.56K
Relative Volume:
0.88
Market Cap:
$1.55B
Revenue:
$287.88M
Net Income/Loss:
$134.70M
P/E Ratio:
11.92
EPS:
4.62
Net Cash Flow:
$182.97M
1W Performance:
+0.81%
1M Performance:
+15.43%
6M Performance:
-3.91%
1Y Performance:
-23.98%
1-Day Range:
Value
$54.60
$56.49
1-Week Range:
Value
$51.80
$56.84
52-Week Range:
Value
$44.58
$74.92

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
2025-08-01
Name
Latest SEC Filings
Name
IIPR's Discussions on Twitter

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

Stocks Price Market Cap Revenue Net Income Cash Flow EPS
REIT - Industrial icon
IIPR
Innovative Industrial Properties Inc
55.06 1.59B 287.88M 134.70M 182.97M 4.62
REIT - Industrial icon
PLD
Prologis Inc
137.85 129.60B 8.79B 3.57B 4.12B 3.5567
REIT - Industrial icon
PSA
Public Storage
306.94 54.54B 4.82B 1.80B 2.90B 9.0144
REIT - Industrial icon
EXR
Extra Space Storage Inc
147.50 31.75B 3.38B 1.02B 1.69B 4.5319
REIT - Industrial icon
EGP
Eastgroup Properties Inc
192.16 10.39B 721.34M 257.46M 404.90M 4.8717
REIT - Industrial icon
CUBE
Cubesmart
40.51 9.38B 1.08B 385.85M 627.25M 1.68

Innovative Industrial Properties Inc Stock (IIPR) Upgrades & Downgrades

Date Action Analyst Rating Change
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
Mar 05, 2026

Compass Point Moves Innovative Industrial Properties (IIPR) to Neutral - Bitget

Mar 05, 2026
pulisher
Mar 05, 2026

A Look At Innovative Industrial Properties (IIPR) Valuation After Recent Share Price Momentum - simplywall.st

Mar 05, 2026
pulisher
Mar 04, 2026

Innovative Industrial Properties (IIPR) Launches $100M Share Buy - GuruFocus

Mar 04, 2026
pulisher
Mar 04, 2026

Innovative Industrial Properties Announces New $100M Buyback Program - TipRanks

Mar 04, 2026
pulisher
Mar 04, 2026

Innovative Industrial Properties approves $100M share repurchase plan - TradingView

Mar 04, 2026
pulisher
Mar 03, 2026

Innovative Industrial Properties (NYSE: IIPR) approves new $100M stock buyback - Stock Titan

Mar 03, 2026
pulisher
Mar 03, 2026

Piper Sandler Raises Innovative Industrial Properties, Inc. (IIPR) Price Target to $45 from $44 - Bitget

Mar 03, 2026
pulisher
Mar 03, 2026

Innovative Ind Props (IIPR) Rating Upgraded to Neutral by Compas - GuruFocus

Mar 03, 2026
pulisher
Mar 03, 2026

Innovative Industrial Properties (NYSE:IIPR) Upgraded at Compass Point - MarketBeat

Mar 03, 2026
pulisher
Mar 03, 2026

Compass Point Upgrades Innovative Industrial Properties to Neutral From Sell, Price Target is $45 - marketscreener.com

Mar 03, 2026
pulisher
Mar 03, 2026

Profit Recap: Will Innovative Industrial Properties Inc benefit from current market trendsJuly 2025 EndofMonth & Free Community Consensus Stock Picks - baoquankhu1.vn

Mar 03, 2026
pulisher
Mar 02, 2026

Vanguard Group Inc. Has $228.56 Million Stock Holdings in Innovative Industrial Properties, Inc. $IIPR - MarketBeat

Mar 02, 2026
pulisher
Mar 01, 2026

Innovative Industrial Properties Balances Progress and Risks - The Globe and Mail

Mar 01, 2026
pulisher
Feb 28, 2026

11 Best Pot Stocks to Buy According to Hedge Funds - Insider Monkey

Feb 28, 2026
pulisher
Feb 27, 2026

Alliance Global Boosts IIPR Valuation on Improving Tenant Payment Outlook - Finviz

Feb 27, 2026
pulisher
Feb 27, 2026

Why Innovative Industrial Properties Stock Is Rising Higher This Week - Yahoo Finance

Feb 27, 2026
pulisher
Feb 27, 2026

Innovative Industrial Properties: Cannabis REIT At Risk Premium (Rating Upgrade) - Seeking Alpha

Feb 27, 2026
pulisher
Feb 27, 2026

Should IIPR’s 2025 Earnings Call and Cannabis Policy Watchlist Require Action From Innovative Industrial Properties (IIPR) Investors? - Sahm

Feb 27, 2026
pulisher
Feb 27, 2026

IIPR Should I Buy - Intellectia AI

Feb 27, 2026
pulisher
Feb 26, 2026

Innovative Industrial Properties Defies Revenue Decline with Strong Earnings Beat - AD HOC NEWS

Feb 26, 2026
pulisher
Feb 26, 2026

IIPR Makes Bullish Cross Above Critical Moving Average - Nasdaq

Feb 26, 2026
pulisher
Feb 26, 2026

Innovative Industrial Properties Demonstrates Resilient Turnaround - AD HOC NEWS

Feb 26, 2026
pulisher
Feb 26, 2026

Innovative Industrial: 15% Yield, 1.4x Debt To EBITDA, Inflection Point In Defaults (IIPR) - Seeking Alpha

Feb 26, 2026
pulisher
Feb 25, 2026

Assessing Innovative Industrial Properties (IIPR) Valuation After Recent Share Price Momentum And Life Science Expansion - simplywall.st

Feb 25, 2026
pulisher
Feb 25, 2026

IIPR PE Ratio & Valuation, Is IIPR Overvalued - Intellectia AI

Feb 25, 2026
pulisher
Feb 25, 2026

Major cannabis REIT says it’s recovering from MSO tenant woes - MJBizDaily

Feb 25, 2026
pulisher
Feb 25, 2026

Innovative Industrial Properties Left Behind In Market RotationContrarian Dividend/Recovery Story - Seeking Alpha

Feb 25, 2026
pulisher
Feb 25, 2026

Innovative Industrial Properties (NYSE:IIPR) Price Target Raised to $45.00 at Piper Sandler - MarketBeat

Feb 25, 2026
pulisher
Feb 25, 2026

IIPR: Piper Sandler Raises Price Target Despite Maintaining Unde - GuruFocus

Feb 25, 2026
pulisher
Feb 25, 2026

Innovative Industrial Properties, Inc. (NYSE:IIPR) Q4 2025 Earnings Call Transcript - Insider Monkey

Feb 25, 2026
pulisher
Feb 25, 2026

(IIPR) Price Dynamics and Execution-Aware Positioning - Stock Traders Daily

Feb 25, 2026
pulisher
Feb 25, 2026

IIPR Earnings Beat Highlights Diversification Push And Liquidity Support - Yahoo Finance

Feb 25, 2026
pulisher
Feb 25, 2026

Innovative Industrial Properties Q4 Earnings Call Highlights - MarketBeat

Feb 25, 2026
pulisher
Feb 25, 2026

Why Innovative Industrial Properties Stock Zoomed Nearly 11% Higher Today - The Globe and Mail

Feb 25, 2026
pulisher
Feb 25, 2026

Innovative Industrial (IIPR) Earnings Transcript - The Globe and Mail

Feb 25, 2026
pulisher
Feb 25, 2026

Decoding Innovative Industrial Properties Inc (IIPR): A Strategi - GuruFocus

Feb 25, 2026
pulisher
Feb 25, 2026

Analysts Offer Insights on Real Estate Companies: reAlpha Tech Corp. (AIRE) and Innovative Industrial Properties (IIPR) - The Globe and Mail

Feb 25, 2026
pulisher
Feb 24, 2026

Why Innovative Industrial Properties Stock Zoomed Nearly 11% Higher Today - The Motley Fool

Feb 24, 2026
pulisher
Feb 24, 2026

Innovative Industrial Properties Inc (IIPR) Q4 2025 Earnings Cal - GuruFocus

Feb 24, 2026
pulisher
Feb 24, 2026

Innovative Industrial Properties Exceeds Fourth Quarter 2025 Forecasts - mnutrailblazer.com

Feb 24, 2026
pulisher
Feb 24, 2026

Life science expansion diversifies cannabis REIT portfolio - mnutrailblazer.com

Feb 24, 2026
pulisher
Feb 24, 2026

Earnings call transcript: Innovative Industrial Properties Q4 2025 beats forecasts - Investing.com

Feb 24, 2026
pulisher
Feb 24, 2026

Innovative Industrial Properties (NYSE:IIPR) Shares Up 9% After Earnings Beat - MarketBeat

Feb 24, 2026
pulisher
Feb 24, 2026

IIPR (Innovative Industrial Properties) Common Stock : $0.0 Mil (As of Sep. 2025) - GuruFocus

Feb 24, 2026
pulisher
Feb 24, 2026

Is It Time To Reassess Innovative Industrial Properties (IIPR) After A 28% One-Year Share Price Drop - Yahoo Finance

Feb 24, 2026
pulisher
Feb 24, 2026

Q4 2025 Innovative Industrial Properties Inc Earnings Call Transcript - GuruFocus

Feb 24, 2026
pulisher
Feb 24, 2026

Innovative Industrial Properties: A Dividend Cut Is Likely. Here's Where The Smart Money Goes - Seeking Alpha

Feb 24, 2026
pulisher
Feb 24, 2026

INNOVATIVE INDUSTRIAL PROPERTIES INC SEC 10-K Report - TradingView

Feb 24, 2026
pulisher
Feb 24, 2026

Innovative Industrial Properties Beats Earnings Forecasts Amid Sector Headwinds - AD HOC NEWS

Feb 24, 2026
pulisher
Feb 24, 2026

Innovative Industrial Properties: 2025 saw revenue and net income declines, liquidity risks, and increased tenant and regulatory challenges - TradingView

Feb 24, 2026
pulisher
Feb 24, 2026

Earnings Pressure And IQHQ Deal Could Be A Game Changer For Innovative Industrial Properties (IIPR) - simplywall.st

Feb 24, 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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$63.70
price down icon 1.95%
$38.97
price down icon 1.27%
reit_industrial FR
$61.40
price down icon 1.68%
$36.91
price down icon 1.07%
$40.47
price down icon 0.17%
$40.51
price down icon 1.48%
Cap:     |  Volume (24h):