What is Innovative Industrial Properties, Inc.'s current stock price?

Innovative Industrial Properties, Inc. (IIPR) currently trades at USD 50.21. Track real-time price changes and historical performance on AllInvestView.

What is Innovative Industrial Properties, Inc.'s dividend yield?

Innovative Industrial Properties, Inc. has a dividend yield of 15.13600000%. The 5-year average dividend yield is 6.20000000%. Track dividend payments and income with AllInvestView.

What sector is Innovative Industrial Properties, Inc. in?

Innovative Industrial Properties, Inc. operates in the Real Estate sector. AllInvestView lets you analyze sector allocation across your entire portfolio.

Innovative Industrial Properties, Inc. IIPR Open Innovative Industrial Properties, Inc. in new tab

50.21 USD

P/E

12.92

EPS

3.93

Yield

15.14%

Safety Score

P/B

0.79

ROE

6.25

Beta

1.50

Target Price

58.75 USD

Innovative Industrial Properties, Inc.

🧾 Earnings Recap – Q3 2025

Innovative Industrial Properties reported strong strategic advances in Q3 2025, highlighted by a $105 million investment in life sciences and a new $100 million credit facility, positioning the company for diversified growth.

Completed a $105 million investment in IQHQ to enhance portfolio diversification beyond cannabis.
Secured a $100 million revolving credit facility to support new investments and strengthen the balance sheet.
Win in the Illinois court case against PharmaCann expected to facilitate regaining property control by year-end.
Continued engagement in receivership proceedings for key tenants, focusing on optimizing asset value.
Positive federal sentiment towards cannabis reform could accelerate market growth and access to capital.

View full recap page

1M 6M YTD 1Y 2Y 5Y Max

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DCF Valuation

Tweak assumptions to recompute fair value for Innovative Industrial Properties, Inc. (IIPR)

Currency: USD

DCF Assumptions

Revenue growth (YoY) 0.10 Decimal (e.g., 0.10 = 10%). Range allows declines (−50%) to strong growth (+50%).

EBITDA margin 0.30 Decimal (e.g., 0.30 = 30%).

Capex (% Revenue) 0.04 Decimal (e.g., 0.04 = 4%).

Tax rate 0.20 Decimal (e.g., 0.20 = 20%).

Terminal growth (g, %) 3% Percent number (e.g., 3 = 3%).

Cost of Equity (%) 10% Percent number (e.g., 10 = 10%).

Cost of Debt (%) 5% Percent number (e.g., 5 = 5%).

DCF Result

Fair Value (DCF)

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WACC

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Σ PV of FCFs

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Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

Innovative Industrial Properties, Inc. Analysis (IIPR)

United States Real Estate Official Website Stock

Is Innovative Industrial Properties, Inc. a good investment? Innovative Industrial Properties, Inc. (IIPR) is currently trading at 50.21 USD. Market analysts have a consensus price target of 58.75 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 12.92. This relatively low multiple may signal that Innovative Industrial Properties, Inc. is undervalued compared to historical market norms.

Earnings Schedule: Innovative Industrial Properties, Inc. is expected to release its next earnings report on May 6, 2026. The market consensus estimate for Forward EPS is 4.79.

For income investors, Innovative Industrial Properties, Inc. pays a dividend yield of 15.14%. With a payout ratio of 186%, the dividend appears to be under pressure.

Investor FAQ

Does Innovative Industrial Properties, Inc. pay a dividend?

Yes, it pays an annual dividend of 7.60 USD (15.14% yield).

What asset class is Innovative Industrial Properties, Inc.?

Innovative Industrial Properties, Inc. is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be May 6, 2026. The company currently has a trailing EPS of 3.93.

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.

Exchange Ticker

NYQ (United States) IIPR

Dividend Yield

15.14% (5y avg: 6.20%)

Annual Dividends

7.60 USD

Next ex. div date

March 31, 2026

Payout Ratio

185.64%

Historical Dividends

Year	Total Dividends
2027	2.21 USD
Jan. 15, 2027 (estimated)	2.2139
2026	8.17 USD
Oct. 15, 2026 (estimated)	2.1554
July 15, 2026 (estimated)	2.2111
April 15, 2026	1.9000
Jan. 15, 2026	1.9000
2025	7.60 USD
Oct. 15, 2025	1.9000
July 15, 2025	1.9000
April 15, 2025	1.9000
Jan. 15, 2025	1.9000
2024	7.44 USD
Oct. 15, 2024	1.9000
July 15, 2024	1.9000
April 15, 2024	1.8200
Jan. 12, 2024	1.8200
2023	7.20 USD
Oct. 13, 2023	1.8000
July 14, 2023	1.8000
April 14, 2023	1.8000
Jan. 13, 2023	1.8000
2022	6.80 USD
Oct. 14, 2022	1.8000
July 15, 2022	1.7500
April 14, 2022	1.7500
Jan. 14, 2022	1.5000
2021	5.46 USD
Oct. 15, 2021	1.5000
July 15, 2021	1.4000
April 15, 2021	1.3200
Jan. 15, 2021	1.2400
2020	4.23 USD
Oct. 15, 2020	1.1700
July 15, 2020	1.0600
April 15, 2020	1.0000
Jan. 15, 2020	1.0000
2019	2.18 USD
Oct. 15, 2019	0.7800
July 15, 2019	0.6000
April 15, 2019	0.4500
Jan. 15, 2019	0.3500
2018	1.10 USD
Oct. 15, 2018	0.3500
July 16, 2018	0.2500
April 16, 2018	0.2500
Jan. 16, 2018	0.2500
2017	0.30 USD
Oct. 13, 2017	0.1500
July 14, 2017	0.1500

Yearly aggregated dividends

Dividends

Innovative Industrial Properties, Inc.
Apr 15, 2026 Upcoming

Dividend
1.9 USD

Innovative Industrial Properties, Inc.
Jan 15, 2026 Paid

Dividend
1.9 USD

Innovative Industrial Properties, Inc.
Oct 15, 2025 Paid

Dividend
1.9 USD

Innovative Industrial Properties, Inc.
Jul 15, 2025 Paid

Dividend
1.9 USD

Historical Split Corporate Actions

No corporate actions available.

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Innovative Industrial Properties, Inc.

Key Metrics

Growth

Estimates

Dividend

DCF Valuation

DCF Assumptions

DCF Result

Explore Premium Features

Innovative Industrial Properties, Inc. Analysis (IIPR)

Investor FAQ

Company Profile

Dividend Yield

Annual Dividends

Next ex. div date

Payout Ratio

Historical Dividends

Dividends

Historical Split Corporate Actions

Explore Premium Features

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Community Discussion

Innovative Industrial Properties, Inc. IIPR Open Innovative Industrial Properties, Inc. in new tab

Key Metrics

Growth

Estimates

Dividend

DCF Valuation

DCF Assumptions

DCF Result

Explore Premium Features

Innovative Industrial Properties, Inc. Analysis (IIPR)

Investor FAQ

Company Profile

Dividend Yield

Annual Dividends

Next ex. div date

Payout Ratio

Historical Dividends

Dividends

Historical Split Corporate Actions

Explore Premium Features

Under Construction

Community Discussion

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