Innovative Industrial Properties, Inc. is a self-advising Maryland corporation focused on acquiring, owning, and managing specialty properties leased to experienced state-licensed operators for their regulated medical cannabis facilities.
| Revenue (TTM) | $263.65M |
| Gross Profit (TTM) | $232.95M |
| EBITDA | $202.60M |
| Operating Margin | 48.80% |
| Return on Equity | 7.39% |
| Return on Assets | 3.28% |
| Revenue/Share (TTM) | $9.39 |
| Book Value | $62.48 |
| Price-to-Book | 0.91 |
| Price-to-Sales (TTM) | 5.98 |
| EV/Revenue | 7.96 |
| EV/EBITDA | 8.86 |
| Quarterly Earnings Growth (YoY) | 57.70% |
| Quarterly Revenue Growth (YoY) | 0.70% |
| Shares Outstanding | $27.57M |
| Float | $26.99M |
| % Insiders | 1.97% |
| % Institutions | 78.66% |
Volatility is currently contracting
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.
The heavy selling pressure might have exhausted for Innovative Industrial Properties (IIPR) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Innovative Industrial Properties, Inc. remains a Buy, offering unique exposure to cannabis and life sciences with strong growth and a solid balance sheet. IIPR boasts a 12-year weighted avg. lease term, triple-net leases, and a low 14% net debt to assets ratio, with no major debt maturities until 2028. Forward P/FFO multiple of 8.7x is attractive versus peers, supporting potential multiple expansion as legal and sector catalysts develop.
Innovative Industrial Properties NYSE: IIPR reported second-quarter revenue of $63.3 million and adjusted funds from operations of $53 million, or $1.83 per diluted share, as the cannabis-focused real estate investment trust advanced leasing efforts, completed a major life sciences investment commitment and refinanced its balance sheet.
Innovative Industrial Properties, Inc. (IIPR) Q2 2026 Earnings Call Transcript
Innovative Industrial Properties remains a Hold due to worsening AFFO dividend coverage and ongoing tenant distress. Despite a 23.5% share price appreciation, Q2 2026 revenue and AFFO declined by 5% and 2.7%, respectively, compared to Q4, with the payout ratio rising to 104%. IIPR's tenant diversification has improved, reducing bankruptcy risk, but occupancy has trended down to 95.8%.
Amid rising market uncertainty, HSBC, MO, AMG and IIPR stand out for their strong shareholder yields, supported by dividends, share buybacks and debt reduction.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
In the most recent trading session, Innovative Industrial Properties (IIPR) closed at $63.26, indicating a -1.69% shift from the previous trading day.
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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