Market Cap 1.63B
Revenue (ttm) 265.96M
Net Income (ttm) 118.25M
EPS (ttm) N/A
PE Ratio 7.98
Forward PE 8.02
Profit Margin 44.46%
Debt to Equity Ratio 0.19
Volume 250,400
Avg Vol 336,146
Day's Range N/A - N/A
Shares Out 28.77M
Stochastic %K 34%
Beta 1.43
Analysts Hold
Price Target $58.75

Company Profile

Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties and life science real estate. Innovative Industrial Properties, Inc. was incorporated on June 15th 2016 in Maryland, USA.

Industry: REIT - Industrial
Sector: Real Estate
Phone: 858 997 3332
Address:
11440 West Bernardo Court, Suite 100, San Diego, United States
ItsCarRamRod
ItsCarRamRod May. 12 at 4:25 PM
$IIPR everytim this clears 55 it gets rejected back to 50
0 · Reply
Reanimated666
Reanimated666 May. 11 at 2:42 PM
0 · Reply
Reanimated666
Reanimated666 May. 11 at 2:31 PM
$IIPR Entered long position today
0 · Reply
MarketBeat
MarketBeat May. 11 at 1:07 AM
https://marketbeat.com/a/8646228/ $IIPR Innovative Industrial Properties Q1 Earnings Call Highlights
0 · Reply
NetworkNewsWire
NetworkNewsWire May. 7 at 8:22 PM
420 with CNW — Marijuana Reclassification Eases Some Industry Hurdles $IIPR https://ibn.fm/5H2hO #cannabis #reclassification
0 · Reply
FAITH2026
FAITH2026 May. 7 at 6:30 PM
$IIPR $VFF $TCNNF $GTBIF If Institutional Investors (Blackrock, Vanguard, etc) already own 70% of all the big names, then why does AI say this: AI Overview As of mid-2026, institutional ownership in Trulieve Cannabis Corp. (TCNNF) is relatively low, often characteristic of US-listed cannabis stocks due to regulatory constraints, with estimates ranging between 0.08% and 13% of total shares outstanding. GuruFocus +1 Key Institutional Ownership Details (as of Q1/Q2 2026): Total Institutional Holders: Approx. 8 reported. Ownership Percentage: Estimates vary by source, from 0.08% to roughly 12.5% of outstanding shares held by institutions.
3 · Reply
cjm13
cjm13 May. 7 at 3:48 PM
$IIPR anything under $100 is a gift
2 · Reply
ARMRreport
ARMRreport May. 6 at 3:17 PM
Deep dive into $IIPR earning news yesterday https://open.substack.com/pub/armrinvesting/p/deep-dive-innovative-industrial-properties?r=6ezie7&utm_campaign=post-expanded-share&utm_medium=web Subscribe FREE https://armrinvesting.substack.com/ So you don't miss our research updates #investing #stocks
0 · Reply
ItsCarRamRod
ItsCarRamRod May. 6 at 2:29 PM
$IIPR that gap is ALREADY getting filled, didn't even last 24 hours.
0 · Reply
PATTS
PATTS May. 6 at 3:22 AM
$VFF $TCNNF $IIPR $GTBIF institutional investors own 70% of shares with all the big names
1 · Reply
Latest News on IIPR
3 Cannabis REITs Positioned for Growth in 2026

Apr 14, 2026, 10:00 AM EDT - 4 weeks ago

3 Cannabis REITs Positioned for Growth in 2026

REFI


Best Cannabis REITs and Lenders to Watch This April 2026

Apr 2, 2026, 10:00 AM EDT - 5 weeks ago

Best Cannabis REITs and Lenders to Watch This April 2026

REFI


REITs Have Been Rocked, These 4 Now Pay Up To 14.6%

Mar 28, 2026, 10:10 AM EDT - 6 weeks ago

REITs Have Been Rocked, These 4 Now Pay Up To 14.6%

MFA MRP SBRA


High-Yield Cannabis REITs to Watch in March 2026

Feb 28, 2026, 10:00 AM EST - 2 months ago

High-Yield Cannabis REITs to Watch in March 2026

REFI


Innovative Industrial Properties Earnings Call Transcript: Q4 2025

Feb 24, 2026, 12:00 PM EST - 2 months ago

Innovative Industrial Properties Earnings Call Transcript: Q4 2025


Cannabis REITs and Lenders to Watch as the Industry Stabilizes

Feb 19, 2026, 10:00 AM EST - 2 months ago

Cannabis REITs and Lenders to Watch as the Industry Stabilizes

REFI


3 Cannabis REIT Stocks Offering Income Potential in Q1 2026

Feb 8, 2026, 10:00 AM EST - 3 months ago

3 Cannabis REIT Stocks Offering Income Potential in Q1 2026

REFI


3 Cannabis REITs Investors Are Watching Closely in January 2026

Jan 22, 2026, 10:00 AM EST - 3 months ago

3 Cannabis REITs Investors Are Watching Closely in January 2026

REFI


3 Marijuana Stocks That Can Make You Money In 2026

Jan 9, 2026, 10:36 AM EST - 4 months ago

3 Marijuana Stocks That Can Make You Money In 2026

REFI


Cannabis REITs to Watch This December

Dec 6, 2025, 10:00 AM EST - 5 months ago

Cannabis REITs to Watch This December

REFI


3 Top Marijuana Stocks To Watch In Today's Stock Market

Nov 28, 2025, 12:24 PM EST - 5 months ago

3 Top Marijuana Stocks To Watch In Today's Stock Market

REFI


Wall Street Can't Stand This 12%-Yielding Bear Portfolio

Aug 24, 2025, 8:56 AM EDT - 9 months ago

Wall Street Can't Stand This 12%-Yielding Bear Portfolio

CQP PSEC TCPC


Innovative Industrial Properties Announces Second Quarter 2025

Aug 1, 2025, 6:55 AM EDT - 10 months ago

Innovative Industrial Properties Announces Second Quarter 2025


Top REIT and Lending Cannabis Stocks to Watch in July 2025

Jul 24, 2025, 10:00 AM EDT - 10 months ago

Top REIT and Lending Cannabis Stocks to Watch in July 2025

REFI


Cannabis REITs Set to Benefit From Industry Growth in 2025

Jun 22, 2025, 10:00 AM EDT - 11 months ago

Cannabis REITs Set to Benefit From Industry Growth in 2025

REFI


2025's Best Cannabis REITs for Building Wealth Over Time

May 22, 2025, 10:00 AM EDT - 1 year ago

2025's Best Cannabis REITs for Building Wealth Over Time

REFI


3 Marijuana Stocks For Cannabis Real Estate Investors

May 16, 2025, 9:10 AM EDT - 1 year ago

3 Marijuana Stocks For Cannabis Real Estate Investors

REFI


ItsCarRamRod
ItsCarRamRod May. 12 at 4:25 PM
$IIPR everytim this clears 55 it gets rejected back to 50
0 · Reply
Reanimated666
Reanimated666 May. 11 at 2:42 PM
0 · Reply
Reanimated666
Reanimated666 May. 11 at 2:31 PM
$IIPR Entered long position today
0 · Reply
MarketBeat
MarketBeat May. 11 at 1:07 AM
https://marketbeat.com/a/8646228/ $IIPR Innovative Industrial Properties Q1 Earnings Call Highlights
0 · Reply
NetworkNewsWire
NetworkNewsWire May. 7 at 8:22 PM
420 with CNW — Marijuana Reclassification Eases Some Industry Hurdles $IIPR https://ibn.fm/5H2hO #cannabis #reclassification
0 · Reply
FAITH2026
FAITH2026 May. 7 at 6:30 PM
$IIPR $VFF $TCNNF $GTBIF If Institutional Investors (Blackrock, Vanguard, etc) already own 70% of all the big names, then why does AI say this: AI Overview As of mid-2026, institutional ownership in Trulieve Cannabis Corp. (TCNNF) is relatively low, often characteristic of US-listed cannabis stocks due to regulatory constraints, with estimates ranging between 0.08% and 13% of total shares outstanding. GuruFocus +1 Key Institutional Ownership Details (as of Q1/Q2 2026): Total Institutional Holders: Approx. 8 reported. Ownership Percentage: Estimates vary by source, from 0.08% to roughly 12.5% of outstanding shares held by institutions.
3 · Reply
cjm13
cjm13 May. 7 at 3:48 PM
$IIPR anything under $100 is a gift
2 · Reply
ARMRreport
ARMRreport May. 6 at 3:17 PM
Deep dive into $IIPR earning news yesterday https://open.substack.com/pub/armrinvesting/p/deep-dive-innovative-industrial-properties?r=6ezie7&utm_campaign=post-expanded-share&utm_medium=web Subscribe FREE https://armrinvesting.substack.com/ So you don't miss our research updates #investing #stocks
0 · Reply
ItsCarRamRod
ItsCarRamRod May. 6 at 2:29 PM
$IIPR that gap is ALREADY getting filled, didn't even last 24 hours.
0 · Reply
PATTS
PATTS May. 6 at 3:22 AM
$VFF $TCNNF $IIPR $GTBIF institutional investors own 70% of shares with all the big names
1 · Reply
Justinian
Justinian May. 5 at 10:23 PM
$IIPR FINALLLYYY A RUN
1 · Reply
Mvester
Mvester May. 5 at 7:52 PM
0 · Reply
macrossluvsrobotech
macrossluvsrobotech May. 5 at 7:37 PM
$SNDL = $IIPR = REIT FOR CANNABIS INDUSTRY = FULLY US BASED = 280E relief massively helps its tenants by improving their cash flow and ability to pay rent. THEY CRUSHED EARNINGS. Earnings today should TELL EVERYONE WHERE ALL CANNABIS INDUSTRY WILL BE HEADING POST 280E EXEMPTION= (Innovative Industrial Properties) • US-based operations: Yes — pure-play U.S. cannabis REIT. Owns 110+ specialized industrial properties (cultivation, processing, dispensary facilities) leased to state-licensed cannabis operators across 19 U.S. states. No meaningful non-U.S. exposure. • 280E benefit: Indirect but significant. IIPR itself is a REIT (not subject to 280E), but rescheduling/280E relief massively helps its tenants by improving their cash flow and ability to pay rent. This is one of the biggest bullish catalysts cited for IIPR right now (stronger tenant credit quality, lower lease default risk, better re-leasing/growth).  $MSOS $CURLF $TCNNF
0 · Reply
cowbell
cowbell May. 5 at 6:08 PM
$IIPR $MSOS blastoff this week - iipr was the appetizer
0 · Reply
Tinch316
Tinch316 May. 5 at 4:52 PM
$IIPR may not see this kind of action every day, but I think we’re now going back to where we need to be. The ship has turned around.
1 · Reply
Okadarlan
Okadarlan May. 5 at 4:42 PM
$IIPR we did it @DonCorleone77 +7 and above 17 % run .
0 · Reply
macrossluvsrobotech
macrossluvsrobotech May. 5 at 4:32 PM
$CURLF $GTBIF $IIPR $SNDL $TSNDF "A senior advisor to President Trump says the administration isn’t concerned about lawsuits from opponents of marijuana rescheduling, calling the move “legally airtight.” The advisor also says the administration fully expects the process to be completed before the midterms." https://x.com/amartinelliwa/status/2051697494795649217?s=46
0 · Reply
always_learning_
always_learning_ May. 5 at 4:30 PM
0 · Reply
FAITH2026
FAITH2026 May. 5 at 4:11 PM
$IIPR For the longest time, shorting the Cannabis Sector was a sure money maker. However, the shift to Schedule 3 and the elimination of 280E is a real game changer for the CASH FLOWS of Cannabis Companies. That means: The Cannabis Companies can now pay their rent to IIPR on time. What is the dividend yield on IIPR? 14% Yield? Why the shorts would short a stock with a 14% Dividend is beyond me.
0 · Reply
twhite113
twhite113 May. 5 at 2:43 PM
$IIPR pretty low volume heading into ER call. I took profits on about half my common. I'm thinking a lot of the jump is short covering. Still a 52 week high on top of the dividend has been one of my few non-tech winners lately
0 · Reply
ItsCarRamRod
ItsCarRamRod May. 5 at 2:26 PM
$IIPR not sure what all the excitement is about. Just creating a gap to fill on the way back down. It will get filled.
1 · Reply
macrossluvsrobotech
macrossluvsrobotech May. 5 at 3:43 AM
$SNDL EARNINGS OF INTEREST= 5/5 = $IIPR $CURLF 5/6 = $GTBIF $LEEF 5/7 = $TSNDF TCNNF TPB 5/8 = CRLBF
0 · Reply