Market Cap 1.44B
Revenue (ttm) 308.52M
Net Income (ttm) 161.66M
EPS (ttm) N/A
PE Ratio 6.80
Forward PE 7.41
Profit Margin 52.40%
Debt to Equity Ratio 0.18
Volume 285,000
Avg Vol 410,332
Day's Range N/A - N/A
Shares Out 28.02M
Stochastic %K 67%
Beta 1.46
Analysts Hold
Price Target $57.25

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.

Industry: REIT - Industrial
Sector: Real Estate
Phone: 858 997 3332
Address:
1140 West Bernardo Court, Suite 100, San Diego, United States
Dont_Tell_The_Giant
Dont_Tell_The_Giant Jan. 14 at 2:24 AM
$IIPR I’m just here for the Divis 🤣 Reinvested. Set and forget.
0 · Reply
cold_beef_cake
cold_beef_cake Jan. 12 at 8:49 PM
$IIPR Gosh, I'd really like to have a good reason why the 9% preferred is trad at $23 with high volume when the common is trading fine and the debt is trading a hair under 100.
1 · Reply
Ren_Stimpy
Ren_Stimpy Jan. 12 at 6:47 PM
$IIPR divided payday this Thursday and options expire Friday.
0 · Reply
jesys101
jesys101 Jan. 9 at 6:37 PM
$IIPR 😁🚀
0 · Reply
Ren_Stimpy
Ren_Stimpy Jan. 9 at 5:37 AM
$IIPR The U.S. House of Representatives did pass a significant cannabis bill, the MORE Act (Marijuana Opportunity Reinvestment and Expungement Act), in April 2022, decriminalizing marijuana federally and addressing past harms https://www.marijuanamoment.net/us-house-passes-bill-protecting-state-medical-marijuana-laws-and-rejecting-attempt-to-block-trumps-rescheduling-move/
0 · Reply
Stevy889
Stevy889 Jan. 8 at 6:38 PM
$MSOS $CRLBF $CWBHF $GTBIF $IIPR Bought a lot of $CWBHF Charlottes Web Holding stock. Totally agree here.
0 · Reply
TrumpForCannabis
TrumpForCannabis Jan. 8 at 4:06 PM
$MSOS $CRLBF - only large mso that consistently maintains #1 market share in multiple states, starting a Germany rollout $CWBHF - trump chose these guys for cbd Medicare coverage if everything goes right this has the most upside IMO NFA $GTBIF - easily best performing cannabis operator financially don’t need to say much $IIPR - high yield reit with rescheduling it’ll keep their tenants much more safe from bankruptcy and have long term lease agreements, have to be careful though because legalization may lead to better leasing options down the road but they have a good ceo and I believe he will adapt accordingly these are my picks do what you want with this information
2 · Reply
FAITH2026
FAITH2026 Jan. 7 at 4:52 PM
$IIPR My critical thinking tells me: Now that IRS Section 280E will no longer penalize Cannabis Companies, the Cannabis Companies will have more CASH $$$ due to tax savings. More CASH $$$ means that the Cannabis Companies (IIPR's tenants) will have more CASH $$$ to pay their rent with. IIPR is currently trading at a huge discount because their is FEAR that their tenants will not be able to pay their rent and will default. With this in mind, I am accumulating IIPR (especially if I can get shares below $48/share).
1 · Reply
ItsCarRamRod
ItsCarRamRod Jan. 6 at 3:44 PM
$IIPR looks like it is still heading in the right direction here.
0 · Reply
MeowNow
MeowNow Jan. 5 at 11:39 PM
$IIPR I have been bearish on this. I'm now bullish - nice bottoming formation, solid dividend that hasn't been cut. Got to put your cash somewhere to avoid inflation. Seems reasonable to park a bit here for the year. Potential upside to legislation even tho I think that will long term hurt the industry.
1 · Reply
Latest News on IIPR
Innovative Industrial: Why I Am Downgrading It

Jan 14, 2026, 3:20 PM EST - 14 hours ago

Innovative Industrial: Why I Am Downgrading It


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Jan 13, 2026, 10:17 AM EST - 1 day ago

Innovative Industrial: Buying The 9.7% Yielding Preferreds


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Dont_Tell_The_Giant
Dont_Tell_The_Giant Jan. 14 at 2:24 AM
$IIPR I’m just here for the Divis 🤣 Reinvested. Set and forget.
0 · Reply
cold_beef_cake
cold_beef_cake Jan. 12 at 8:49 PM
$IIPR Gosh, I'd really like to have a good reason why the 9% preferred is trad at $23 with high volume when the common is trading fine and the debt is trading a hair under 100.
1 · Reply
Ren_Stimpy
Ren_Stimpy Jan. 12 at 6:47 PM
$IIPR divided payday this Thursday and options expire Friday.
0 · Reply
jesys101
jesys101 Jan. 9 at 6:37 PM
$IIPR 😁🚀
0 · Reply
Ren_Stimpy
Ren_Stimpy Jan. 9 at 5:37 AM
$IIPR The U.S. House of Representatives did pass a significant cannabis bill, the MORE Act (Marijuana Opportunity Reinvestment and Expungement Act), in April 2022, decriminalizing marijuana federally and addressing past harms https://www.marijuanamoment.net/us-house-passes-bill-protecting-state-medical-marijuana-laws-and-rejecting-attempt-to-block-trumps-rescheduling-move/
0 · Reply
Stevy889
Stevy889 Jan. 8 at 6:38 PM
$MSOS $CRLBF $CWBHF $GTBIF $IIPR Bought a lot of $CWBHF Charlottes Web Holding stock. Totally agree here.
0 · Reply
TrumpForCannabis
TrumpForCannabis Jan. 8 at 4:06 PM
$MSOS $CRLBF - only large mso that consistently maintains #1 market share in multiple states, starting a Germany rollout $CWBHF - trump chose these guys for cbd Medicare coverage if everything goes right this has the most upside IMO NFA $GTBIF - easily best performing cannabis operator financially don’t need to say much $IIPR - high yield reit with rescheduling it’ll keep their tenants much more safe from bankruptcy and have long term lease agreements, have to be careful though because legalization may lead to better leasing options down the road but they have a good ceo and I believe he will adapt accordingly these are my picks do what you want with this information
2 · Reply
FAITH2026
FAITH2026 Jan. 7 at 4:52 PM
$IIPR My critical thinking tells me: Now that IRS Section 280E will no longer penalize Cannabis Companies, the Cannabis Companies will have more CASH $$$ due to tax savings. More CASH $$$ means that the Cannabis Companies (IIPR's tenants) will have more CASH $$$ to pay their rent with. IIPR is currently trading at a huge discount because their is FEAR that their tenants will not be able to pay their rent and will default. With this in mind, I am accumulating IIPR (especially if I can get shares below $48/share).
1 · Reply
ItsCarRamRod
ItsCarRamRod Jan. 6 at 3:44 PM
$IIPR looks like it is still heading in the right direction here.
0 · Reply
MeowNow
MeowNow Jan. 5 at 11:39 PM
$IIPR I have been bearish on this. I'm now bullish - nice bottoming formation, solid dividend that hasn't been cut. Got to put your cash somewhere to avoid inflation. Seems reasonable to park a bit here for the year. Potential upside to legislation even tho I think that will long term hurt the industry.
1 · Reply
Ren_Stimpy
Ren_Stimpy Dec. 31 at 3:32 PM
Rare opportunity to buy $IIPR at its lows with $1.90 dividends plus great future catalyst!! $ACB $CGC $TLRY $CRON Trumps executive order to reclassify cannabis!!
1 · Reply
Ren_Stimpy
Ren_Stimpy Dec. 31 at 3:29 PM
Rare opportunity to buy $IIPR at its lows with $1.90 dividends plus great future catalyst!! $AAPL $GOOG $TSLA $MSFT Trumps executive order to reclassify cannabis!!
0 · Reply
Ren_Stimpy
Ren_Stimpy Dec. 31 at 3:26 PM
Rare opportunity to buy $IIPR at its lows with $1.90 dividends plus great future catalyst!! $INBS $ESHA $NCL $ANGH Trumps executive order to reclassify cannabis!!
1 · Reply
REG63
REG63 Dec. 29 at 4:07 PM
$IIPR Why is IIPR floundering, while NLCP is taking off?
2 · Reply
NetworkNewsWire
NetworkNewsWire Dec. 26 at 9:24 PM
420 with CNW — GOP State AGs Oppose Trump’s Plan to Reschedule Marijuana $IIPR #Cannabis #GOP #AGs #Trump #Marijuana https://ibn.fm/PBZBW
0 · Reply
RayLafleur
RayLafleur Dec. 23 at 8:51 PM
$IIPR As of December 23, 2025, the total rate of return for IIPR year-to-date in 2025 (including dividends) is -36.65%.
1 · Reply
ItsCarRamRod
ItsCarRamRod Dec. 23 at 2:49 PM
$IIPR New 52 week lows inbound very soon.
2 · Reply
Knot2
Knot2 Dec. 23 at 12:12 PM
$NBIS $IIPR think about it
0 · Reply
AlmostMiddleClass
AlmostMiddleClass Dec. 23 at 4:12 AM
0 · Reply
RayLafleur
RayLafleur Dec. 22 at 11:37 PM
$IIPR so what actually do they add now to a real estate deal ?
0 · Reply
Okadarlan
Okadarlan Dec. 22 at 9:00 PM
$IIPR buy the dip guys
0 · Reply
Few_erish
Few_erish Dec. 22 at 7:09 PM
$IIPR the range is compressing near the lows, that’s where reversals like to start quietly
0 · Reply