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Innovative Industrial Properties Inc. (IIPR)

$61.48

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Key data on IIPR

Market cap

$1.77B

EPS

3.92

P/E ratio

13.5

Price to sales

5.89

Dividend yield

12.362%

Beta

1.390794

Price on IIPR

Previous close

$61.27

Today's open

$61.44

Day's range

$61.44 - $62.44

52 week range

$44.58 - $65.38

Profile about IIPR

CEO

Paul Smithers

Employees

22

Headquarters

Park City, UT

Exchange

New York Stock Exchange

Shares outstanding

28774470

Issue type

Common Stock

IIPR industries and sectors

Real Estate

REITs

News on IIPR

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.

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Zacks Investment Research • Jul 21, 2026

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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.

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Business Wire • Jul 20, 2026

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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.

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Seeking Alpha • Jul 18, 2026

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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.

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Seeking Alpha • Jul 11, 2026

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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.

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Seeking Alpha • Jul 10, 2026

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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.

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Seeking Alpha • Jul 6, 2026

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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.

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Seeking Alpha • Jul 1, 2026

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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.

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Zacks Investment Research • Jun 26, 2026

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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%.

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24/7 Wall Street • Jun 18, 2026

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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.

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Zacks Investment Research • Jun 18, 2026

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