IIPR Innovative Industrial Properties Inc

$49.88

*Only the 1D chart reflects 15-min delayed quotes during market hours. Other timeframes update after market close.

Reporting for fiscal period ending
Expected on
Report Time: Unknown Release Time
The Whisper Number
Consensus Estimate:
Revenue Estimate:

Latest Earnings Insight

Innovative Industrial Properties (IIPR) is set to report its earnings on November 3, 2025, with investors keenly observing how the company navigates the evolving landscape of cannabis-related real estate. The EPS estimate stands at $0.90, slightly above the whisper number of $0.87, indicating a cautious optimism among analysts. With a revenue estimate of $63.97 million, IIPR's performance will be scrutinized for signs of growth in its portfolio of specialized properties. Despite the lack of recent news, the company's market cap of approximately $1.53 billion underscores its significant presence in the niche market of industrial real estate for cannabis cultivation. As the sector continues to mature, stakeholders will be particularly interested in any strategic shifts or expansion plans that could influence future earnings potential.

Updated On 12/31/2025

About Innovative Industrial Properties Inc

Innovative Industrial Properties, Inc. is a self-advising Maryland corporation focused on acquiring, owning, and managing specialty properties leased to experienced state-licensed operators for their regulated medical cannabis facilities.

Website: https://www.innovativeindustrialproperties.com

Sector
REAL ESTATE & CONSTRUCTION
Industry
REAL ESTATE
Exchange
NYSE
Country
USA
Currency
USD
Fiscal Year End
December
CIK
1677576
Address
1389 CENTER DRIVE, SUITE 200, PARK CITY, UT, US
Valuation
Market Cap
$1.46B
P/E Ratio
9.35
PEG Ratio
0.00
Price to Book
0.77
Performance
EPS
$5.52
Dividend Yield
14.70%
Profit Margin
52.40%
ROE
8.31%
Technicals
50D MA
$65.15
200D MA
$98.55
52W High
$128.98
52W Low
$45.44
Fundamentals
Shares Outstanding
28M
Target Price
$69.00
Beta
1.63

IIPR EPS Estimates vs Actual

Estimated
Actual

IIPR News & Sentiment

Dec 23, 2025 • Simply Wall Street NEUTRAL
Does IIPR’s Reaffirmed US$7.60 Dividend Signal Balance Between Payout Commitment and Cannabis Risk?
Innovative Industrial Properties (IIPR) has reaffirmed its annualized common dividend of US$7.60, with the latest declaration of US$1.90 per common share for Q4 2025, payable January 15, 2026. This commitment to investor payouts continues despite challenges in its cannabis-focused portfolio and declining year-on-year earnings for the REIT. The article discusses how this dividend commitment balances with the risks in cannabis real estate and the company's diversification into life sciences.
Dec 10, 2025 • Investing News Network SOMEWHAT-BULLISH
420 with CNW - Consumption Lounges Open New Opportunities for Marijuana Firms
Marijuana consumption lounges are transforming the hospitality sector by creating dedicated spaces for legal cannabis use, evolving from niche events into a broader trend. This development opens up new business avenues for cannabis industry participants, such as Innovative Industrial Properties Inc. (NYSE: IIPR). CNW420 highlights these daily developments in the rapidly evolving cannabis industry for investors interested in the legalized sector.
Dec 01, 2025 • Sahm SOMEWHAT-BEARISH
Innovative Industrial Properties (IIPR): Assessing Current Valuation After a 48% Drop in Shareholder Return
Innovative Industrial Properties (IIPR) has experienced a 48.45% drop in shareholder return over the past year, leading to questions about its current valuation. Despite the pullback, a consensus narrative projects a fair value of $57, suggesting the stock might be undervalued compared to its closing price of $49.45. This potential undervaluation is seen by some as an opportunity, while others believe current pricing reflects anticipated long-term headwinds from potential federal cannabis reform.
Nov 30, 2025 • Investing.com India BULLISH
Innovative industrial properties CFO Smith buys $27,540 in stock
Innovative Industrial Properties Inc. CFO David Jon Smith recently purchased 600 shares of company stock for $27,540, coinciding with the stock trading near its 52-week low. Despite a slight revenue miss, the company surpassed earnings expectations in its latest quarter, and analysts view the stock as undervalued. IIPR currently offers a substantial 16.56% dividend yield.
Nov 04, 2025 • Investing.com SOMEWHAT-BULLISH
Earnings call transcript: Innovative Industrial Properties beats EPS in Q3 2025
Innovative Industrial Properties (IIPR) reported strong Q3 2025 earnings per share of $0.97, exceeding analyst expectations, which led to a 3.09% stock increase in after-hours trading. The company is strategically diversifying into life sciences, exemplified by its IQHQ investment, while navigating challenges in its cannabis portfolio like non-paying tenants and legal proceedings. Executives anticipate potential cannabis rescheduling could improve operator credit and expansion opportunities, reinforcing the long-term growth outlook despite current market volatilities.
Oct 17, 2025 • MarketBeat NEUTRAL
Innovative Industrial Properties, Inc. $IIPR is Koa Wealth Management LLC's 9th Largest Position - MarketBeat
Koa Wealth Management LLC increased its stake in Innovative Industrial Properties (IIPR) by 13.4%, making it their 9th largest position. The company reported mixed financial results with increased EPS but decreased revenue year-over-year. Analysts have a "Hold" rating on the stock with a price target of $78.67, and the company recently announced a quarterly dividend.
Sentiment Snapshot

Average Sentiment Score:

0.240
35 articles with scored sentiment

Overall Sentiment:

Bullish

IIPR Reported Earnings

Aug 06, 2025
Jun 30, 2025 (Post market)
-0.05 Surprise
  • Reported EPS: $0.86
  • Estimate: $0.91
  • Whisper:
  • Surprise %: -5.5%
May 07, 2025
Mar 31, 2025 (Post market)
-0.14 Surprise
  • Reported EPS: $1.03
  • Estimate: $1.17
  • Whisper:
  • Surprise %: -12.0%
Feb 19, 2025
Dec 31, 2024 (Post market)
0.0 Surprise
  • Reported EPS: $1.36
  • Estimate: $1.36
  • Whisper:
  • Surprise %: 0.0%
Nov 06, 2024
Sep 30, 2024 (Post market)
-0.08 Surprise
  • Reported EPS: $1.37
  • Estimate: $1.45
  • Whisper:
  • Surprise %: -5.5%
Aug 05, 2024
Jun 30, 2024 (Post market)
0.04 Surprise
  • Reported EPS: $1.34
  • Estimate: $1.30
  • Whisper:
  • Surprise %: 3.1%
May 08, 2024
Mar 31, 2024 (Post market)
-0.07 Surprise
  • Reported EPS: $1.36
  • Estimate: $1.43
  • Whisper:
  • Surprise %: -4.9%
Feb 26, 2024
Dec 31, 2023 (Post market)
0.04 Surprise
  • Reported EPS: $1.45
  • Estimate: $1.41
  • Whisper:
  • Surprise %: 2.8%
Nov 01, 2023
Sep 30, 2023 (Post market)
0.03 Surprise
  • Reported EPS: $1.45
  • Estimate: $1.42
  • Whisper:
  • Surprise %: 2.1%
Aug 02, 2023
Jun 30, 2023 (Post market)
0.04 Surprise
  • Reported EPS: $1.44
  • Estimate: $1.40
  • Whisper:
  • Surprise %: 2.9%

Financials