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1D
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1M
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6M
YTD
1Y
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5Y
ALL
Market cap
$1.54B
EPS
4.42
P/E ratio
12.5
Price to sales
5.9
Dividend yield
13.593%
Beta
1.356446
Previous close
$56.41
Today's open
$56.53
Day's range
$55.61 - $57.11
52 week range
$44.58 - $65.38
CEO
Paul Smithers
Employees
22
Headquarters
Park City, UT
Exchange
New York Stock Exchange
Shares outstanding
27571349
Issue type
Common Stock
Real Estate
REITs
Innovative Industrial Properties Declares Third Quarter 2026 Dividends
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”) announced today that its board of directors has declared a third quarter 2026 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. Since its inception in 2016, the Company has paid $1.2 billion in common stock dividends to its shareholders. Additionally, IIP announced today that its board of directors has declared a regular quarterly div.
Business Wire • Sep 15, 2026

Net Lease REITs: Diversification Or Diworsification?
Essential Properties Realty Trust offers a compelling blend of diversification, income, safety, and growth, with its largest tenant at just 3.1% of base rent. Diversification reduces tenant-specific risk, but quality of tenants, lease coverage, and disciplined capital allocation are critical for durable, repeatable AFFO-per-share growth. Concentrated REITs like PSTL or GLPI may deliver higher yields and faster growth but carry materially higher risk premiums due to tenant or sector concentration.
Seeking Alpha • Sep 13, 2026

Innovative Industrial Properties: One Of The Most Mispriced High-Yield REITs Today
Innovative Industrial Properties, Inc. remains a Strong Buy, with valuation deeply discounted despite robust AFFO growth and a double-digit dividend yield. IIPR's Q2 AFFO per share rose 7% year-over-year, supported by disciplined capital allocation, balance sheet strength, and opportunistic share repurchases. Cannabis rescheduling progress and the industry's evolution could drive long-term re-rating, even as tenant risk and macroeconomic headwinds persist.
Seeking Alpha • Sep 11, 2026

Innovative Industrial Properties (IIPR) Laps the Stock Market: Here's Why
Innovative Industrial Properties (IIPR) reached $56.25 at the closing of the latest trading day, reflecting a +1.17% change compared to its last close.
Zacks Investment Research • Sep 11, 2026

3 High-Dividend Marijuana Stocks to Watch in September 2026
The cannabis sector continues to evolve as investors search for opportunities beyond traditional marijuana producers and dispensary operators. One area attracting attention is cannabis real estate investment trusts, or cannabis REITs. These companies offer investors another way to participate in the expanding legal cannabis industry. Instead of selling marijuana products, cannabis REITs provide real estate and financing to licensed operators. Therefore, they can generate revenue without directly handling cannabis. This business structure has also made several cannabis REITs attractive dividend stocks. Many offer dividend yields considerably higher than those available from traditional income investments. As a result, income investors may find this small corner of the marijuana stock market especially interesting. However, higher dividend yields usually come with additional risks. Cannabis remains federally illegal in the United States. Consequently, marijuana businesses continue facing banking, financing, taxation, and regulatory challenges. These difficulties can also affect landlords and lenders serving the industry.

My REIT Dream Team (Part 2)
America's REIT Dream Team balances five SWAN Anchors with five higher-yield, higher-risk Buoys to optimize total return and diversification. Buoy picks - REXR, COLD, VICI, NLCP, and LADR - offer compelling catalysts: industrial scarcity, food infrastructure, gaming recovery, cannabis normalization, and disciplined capital allocation. REXR, COLD, VICI, NLCP, and LADR each present 20–30%+ total return potential but require careful position sizing due to elevated risk and sector-specific headwinds.
Seeking Alpha • Sep 6, 2026

Innovative Industrial Properties: Compelling 13% Dividend Yield Backed By Regulatory Catalysts
Innovative Industrial Properties offers a high double-digit dividend yield, supported by a conservatively leveraged balance sheet and sector-specific regulatory tailwinds. IIPR trades at a 13.4% yield, with a strong buy rating reiterated based on its risk-adjusted upside and potential for re-rating as AFFO improves. Tenant concentration and cannabis sector volatility remain key risks, but low leverage (1.7x debt/EBITDA) provides significant flexibility versus net lease peers.
Seeking Alpha • Sep 5, 2026

Why Is Innovative Industrial Properties (IIPR) Down 6.9% Since Last Earnings Report?
Innovative Industrial Properties (IIPR) reported earnings 30 days ago. What's next for the stock?
Zacks Investment Research • Sep 2, 2026

TCW Global Real Estate Fund Q2 2026 Portfolio Update
The TCW Global Real Estate Fund, I Share Class, generated a return of +9.54% (net of fees) during the quarter, underperforming the S&P Global REIT Index return of +11.08%. Our best-performing securities for the quarter were InterContinental Hotels Group and Welltower Inc. Our worst-performing securities were Crown Castle and Cellnex Telecom.
Seeking Alpha • Aug 28, 2026

Glean:GO Brings Enterprise AI Leaders to San Francisco: NYSE Content Update
NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, Aug. 26, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor.
PRNewsWire • Aug 26, 2026

¹ Disclosures

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