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ALL
Market cap
$1.77B
EPS
3.92
P/E ratio
13.5
Price to sales
5.89
Dividend yield
12.362%
Beta
1.390794
Previous close
$61.27
Today's open
$61.44
Day's range
$61.44 - $62.44
52 week range
$44.58 - $65.38
CEO
Paul Smithers
Employees
22
Headquarters
Park City, UT
Exchange
New York Stock Exchange
Shares outstanding
28774470
Issue type
Common Stock
Real Estate
REITs
Innovative Industrial Properties (IIPR) Stock Sinks As Market Gains: Here's Why
In the most recent trading session, Innovative Industrial Properties (IIPR) closed at $63.26, indicating a -1.69% shift from the previous trading day.
Zacks Investment Research • Jul 21, 2026

Innovative Industrial Properties Announces Second Quarter 2026 Earnings Release Date and Conference Call
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it will report its second quarter 2026 results after the close of trading on the New York Stock Exchange on Monday, August 3, 2026. Management will host an investor conference call at 9:00 a.m. Pacific Time on Tuesday, August 4, 2026, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations secti.
Business Wire • Jul 20, 2026

AI Bubble Risks Make Dividend Stocks Attractive Again
I identify dividend stocks and REITs that could protect investors from AI bubble risks, geopolitics, and inflation while generating attractive income. My "ALLKA Dividend Rating" model separates quality dividend opportunities from yield traps by analyzing dividend sustainability, growth prospects, and valuation. The article explores three dividend strategies, "High-Yield Defensive," "Balanced Income," and "Pure Growth," designed for goals ranging from high yield to dividend growth.
Seeking Alpha • Jul 18, 2026

The REIT Strategy I Would Use To Retire Today
Retirement income requires more than just high yield. REIT funds may not be the best solution. A balanced REIT portfolio can offer income and growth.
Seeking Alpha • Jul 11, 2026

Innovative Industrial Properties: Capital Structure Risk Solved, 9% Preferred Yield Remains
Innovative Industrial Properties (IIPR) navigated a $290M bond maturity by issuing preferred equity and later securing cheap senior unsecured debt. IIPR.PR.A preferred shares experienced a sharp drawdown due to capital structure decisions, not deteriorating fundamentals, and have since rebounded. IIPR's balance sheet remains robust with a Debt/Assets ratio of 0.14 and a debt service coverage ratio of 10.4x.
Seeking Alpha • Jul 10, 2026

Innovative Industrial Properties Preferred: High Income Yield But Not A Buy-And-Hold Allocation
Innovative Industrial Properties Series A preferred shares offer an ~9.17% yield but are best suited for short-term, moderate allocations. IIPR.PR.A trades just below par, post-call date, exposing investors to negative convexity and heightened interest-rate sensitivity, limiting upside if rates decline. IIPR's low leverage and robust common equity base (~$1.8B) provide strong coverage for preferred obligations, with 19x earnings coverage on preferred dividends.
Seeking Alpha • Jul 6, 2026

Innovative Industrial Properties: Cannabis Rescheduling Progress Reinforces The Re-Rating Thesis
Innovative Industrial Properties remains a Strong Buy, with a compelling valuation, robust balance sheet, and a double-digit dividend yield. IIPR's AFFO was stable at $1.88/share, leverage is still low for a REIT, and recent capital raises support both investments and buybacks. Upcoming cannabis rescheduling could materially improve tenant health, expand the client base, and drive long-term growth and re-rating potential.
Seeking Alpha • Jul 1, 2026

Innovative Industrial Properties (IIPR) Increases Despite Market Slip: Here's What You Need to Know
Innovative Industrial Properties (IIPR) reached $62.93 at the closing of the latest trading day, reflecting a +2.89% change compared to its last close.
Zacks Investment Research • Jun 26, 2026

KBWY Up 20% This Year, But The Real Test Comes When Rent Rolls Reset
Income hunters know Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) as one of the highest-yielding equity REIT funds on the market, with a 30-day SEC yield of 8.26% and a 12-month distribution rate of 8.6%.
24/7 Wall Street • Jun 18, 2026

Innovative Industrial Properties (IIPR) Exceeds Market Returns: Some Facts to Consider
Innovative Industrial Properties (IIPR) concluded the recent trading session at $59.6, signifying a +1.62% move from its prior day's close.
Zacks Investment Research • Jun 18, 2026

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