Innovative Industrial Properties, Inc. (IIPR)
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- symbol IIPR
- Rev/Share 10.7791
- Book/Share 67.9797
- PB 0.8135
- Debt/Equity 0.1506
- CurrentRatio 1.1594
- ROIC 0.0726
- MktCap 1549019360.0
- FreeCF/Share 8.5276
- PFCF 6.4242
- PE 10.1992
- Debt/Assets 0.1231
- DivYield 0.1374
- ROE 0.0791
- Rating A+
- Score 4
- Recommendation Buy
- P/E Score 3
- DCF Score 4
- P/B Score 4
- D/E Score 4
Recent Analyst Ratings
| Type | Ticker | Analyst Firm | Previous Rating | Current Rating | Previous Price Target | Current Price Target | Date |
|---|---|---|---|---|---|---|---|
| Downgrade | IIPR | Wolfe Research | Outperform | Peer Perform | -- | -- | July 2, 2025 |
| Resumed | IIPR | Wolfe Research | -- | Outperform | -- | $57 | April 23, 2025 |
| Downgrade | IIPR | Compass Point | Neutral | Sell | $61 | $50 | March 31, 2025 |
| Downgrade | IIPR | BTIG Research | Buy | Neutral | -- | -- | Dec. 23, 2024 |
| Downgrade | IIPR | Piper Sandler | Neutral | Underweight | $118 | $70 | Dec. 20, 2024 |
| Downgrade | IIPR | Compass Point | Buy | Neutral | $125 | $78 | Dec. 20, 2024 |
| Initiation | IIPR | Alliance Global Partners | -- | Buy | -- | $130 | Dec. 17, 2024 |
News
Innovative Industrial Properties: High Risk With High Return - Contrarian Buy For The Brave
Published: July 03, 2025 by: Seeking Alpha
Sentiment: Neutral
Innovative Industrial Properties remains a controversial stock here, attributed to the deep sell-off, the tenant default issues, and the challenging cannabis sector. This is especially since the headwinds have triggered the notable FQ1'25 top/bottom-line impacts, with minimal security deposit aid from FQ2'25 onwards. These have put further pressure on the sustainability of IIPR's overly rich AFFO payout ratio, with a dividend cut possible if its tenant/financial recovery is prolonged.
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Innovative Industrial Properties: High Risk With High Return - Contrarian Buy For The Brave
Published: July 03, 2025 by: Seeking Alpha
Sentiment: Neutral
Innovative Industrial Properties remains a controversial stock here, attributed to the deep sell-off, the tenant default issues, and the challenging cannabis sector. This is especially since the headwinds have triggered the notable FQ1'25 top/bottom-line impacts, with minimal security deposit aid from FQ2'25 onwards. These have put further pressure on the sustainability of IIPR's overly rich AFFO payout ratio, with a dividend cut possible if its tenant/financial recovery is prolonged.
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Why Marijuana Stocks Could Deliver Big Returns Despite the 2025 Market Pullback
Published: July 02, 2025 by: MarijuanaStocks
Sentiment: Neutral
Even with a current downturn in marijuana stock performance, the long-term outlook for cannabis investing remains promising. For financial investors with a patient, strategic mindset, the sector's current pullback may offer one of the most tempting buying opportunities in years. Market sentiment has been dulled by halting federal reform and overhyped early growth expectations. Along with underlying industry fundamentals continuing to improve, creating a solid foundation for future returns.
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4 Ultra-High-Yield Dividend Stocks Paying 10%+ You Can Trust
Published: June 27, 2025 by: 24/7 Wall Street
Sentiment: Positive
Key Points in This Article: Ultra-high yield stocks with dividends above 10% offer significant income potential for investors, especially in volatile markets, driven by sectors like REITs and covered call ETFs.
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Cannabis REITs Set to Benefit From Industry Growth in 2025
Published: June 22, 2025 by: MarijuanaStocks
Sentiment: Positive
In the U.S., the cannabis industry's growth remains strong and promising. The legal market was worth about $38.5 billion in 2024. It is forecasted to reach nearly $76.4 billion by 2030. That equates to an 11.5 percent compound annual growth rate. In addition, some forecasts see market expansion through 2029 at a whopping 37 percent CAGR. Meanwhile, federal policy remains dynamic. The DEA will have started rescheduling cannabis from Schedule I to III by late 2025. However, broader federal legalization seems delayed.
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Innovative Industrial: A Dividend Cut Is Coming, Buy The 13% Yield Anyways
Published: June 20, 2025 by: Seeking Alpha
Sentiment: Neutral
IIPR faces ongoing tenant struggles and a likely dividend cut, but the market is overly pessimistic given its strong balance sheet and attractive valuation. The net lease structure allows for high margins and great financial resiliency. Even under bearish scenarios, the downside appears modest and I expect the stock to eventually re-rate to a lower yield as uncertainty resolves.
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Is the Options Market Predicting a Spike in Innovative Industrial Properties Stock?
Published: June 13, 2025 by: Zacks Investment Research
Sentiment: Positive
Investors need to pay close attention to IIPR stock based on the movements in the options market lately.
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U.S. REIT Share Repurchase Activity Doubles In Q1 2025
Published: June 03, 2025 by: Seeking Alpha
Sentiment: Positive
Share buyback activity by US equity real estate investment trusts more than doubled in the first quarter, according to an analysis by S&P Global Market Intelligence. The US REIT sector bought back around $993.2 million in common stock in the period, more than twice as much as the $456.2 million in the fourth quarter of 2024 and up 15.5% year over year. More than a dozen REITs announced new share repurchase programs during the first quarter.
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Innovative Industrial Properties: Where Capitulation Ends, Conviction Begins
Published: June 02, 2025 by: Seeking Alpha
Sentiment: Neutral
IIPR holds more than $220 million in total liquidity, with a conservative 11% debt-to-assets ratio and sub-1x net debt-to-EBITDA. Tenant defaults led to a 13% QoQ AFFO drop to $55.3 million and a 6.5% revenue decline in Q1 FY 2025. The company re-leased ~1 million square feet in 18 months, replacing defaulted tenants with financially stronger operators.
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2025's Best Cannabis REITs for Building Wealth Over Time
Published: May 22, 2025 by: MarijuanaStocks
Sentiment: Positive
The U.S. cannabis industry continues to expand rapidly, creating strong momentum for related investments. In 2025, the market is expected to surpass $44 billion in value. Over the next five years, projections suggest it could reach more than $76 billion. This steady growth is driven by rising consumer demand and ongoing legalization across many states. Currently, nearly half of U.S. adults have tried cannabis at least once. Meanwhile, almost 80% of Americans live near a licensed dispensary. The industry also supports hundreds of thousands of jobs and contributes billions to the economy each year. Because of this, investors are watching …
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Innovative Industrial Properties: 13% Dividend Yield And Near-Fortress Balance Sheet
Published: May 21, 2025 by: Seeking Alpha
Sentiment: Positive
IIPR's dividend yield has soared to 13.33%, reflecting market fears of a cut amid tenant defaults and declining dividend coverage. Despite a 60% share price drop and sector headwinds, I am adding to my position on the back of IIPR's fortress balance sheet and industry recovery potential. Fiscal 2025 first quarter revenue and FFO both beat consensus, but FFO now covers only 96.8% of the dividend.
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When Your REIT Will Cut Its Dividend
Published: May 19, 2025 by: Seeking Alpha
Sentiment: Negative
When Your REIT Will Cut Its Dividend
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3 Marijuana Stocks For Cannabis Real Estate Investors
Published: May 16, 2025 by: MarijuanaStocks
Sentiment: Positive
Is it safe to invest in marijuana stocks with the entire sector trading at all-time lows? If the legal market is profitable and companies are performing well, why are the top marijuana stocks not trading? These are just some of the questions that plague investors and shareholders. The answer is not so simple, which can make things a bit more complex to understand. Although legal cannabis as a business is thriving and growing in all areas, this has not translated to the public sector so well.
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Innovative Industrial Properties (IIPR) Lags Q1 FFO Estimates
Published: May 07, 2025 by: Zacks Investment Research
Sentiment: Positive
Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $1.94 per share, missing the Zacks Consensus Estimate of $1.99 per share. This compares to FFO of $2.21 per share a year ago.
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IIPR's Q1 Earnings Coming Up: Key Factors to Impact the Stock
Published: May 05, 2025 by: Zacks Investment Research
Sentiment: Neutral
IIPR's Q1 2025 results may be impacted by property repossessions/sales, rent deferrals and partial tenant payments.
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Innovative Industrial Properties' 14% Yield Comes With Great Cash Flow Risks (Rating Downgrade)
Published: May 02, 2025 by: Seeking Alpha
Sentiment: Neutral
Innovative Industrial Properties has lost a great deal of its value from 52-week heights, attributed to the numerous tenant default issues and the illicit headwinds observed in the cannabis market. This is worsened by the reduced likelihood of a cannabis federal legalization during the new US administration period, with liquidity likely to remain a great risk. These developments point to IIPR's potentially impacted top/bottom-line performance and further tenant issues as the cannabis market deteriorates, with a dividend cut more likely than not.
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Is the Options Market Predicting a Spike in Innovative Industrial Properties Stock?
Published: April 30, 2025 by: Zacks Investment Research
Sentiment: Positive
Investors need to pay close attention to Innovative Industrial Properties stock based on the movements in the options market lately.
Read More
Innovative Industrial Properties Announces First Quarter 2025 Earnings Release Date and Conference Call
Published: April 21, 2025 by: Business Wire
Sentiment: Neutral
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it will report its first quarter 2025 results after the close of trading on the New York Stock Exchange on Wednesday, May 7, 2025. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 9:00 a.m. Pacifi.
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Why Shares of Innovative Industrial Properties Sank This Week
Published: April 04, 2025 by: The Motley Fool
Sentiment: Neutral
The one event that strikes true fear into the heart of real estate investment trust (REIT) investors is the tenant default.
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3 Marijuana Stocks That Could Be Top Market Performers
Published: April 02, 2025 by: MarijuanaStocks
Sentiment: Neutral
The cannabis sector has, in a cliche way, grown from the ground up. With many hurdles, the legal market worldwide has come a long way. Yet there has been more invested interest is towards in the future of this space. From preserving what once was and integrating up-to-date and more current methods at every step of the process.
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IIPR ALERT: Bragar Eagel & Squire, P.C. is Investigating Innovative Industrial Properties, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
Published: March 24, 2025 by: GlobeNewsWire
Sentiment: Neutral
NEW YORK, March 24, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Innovative Industrial Properties, Inc. (NYSE:IIPR) on behalf of long-term stockholders following a class action complaint that was filed against IIPR on January 17, 2025 with a Class Period from February 27, 2024 to December 19, 2024.
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Better Beaten-Down Dividend Stock to Buy: Innovative Industrial Properties or Medical Properties Trust?
Published: March 20, 2025 by: The Motley Fool
Sentiment: Positive
Real estate investment trusts (REIT) are a favorite target of income-seeking investors, since the law requires them to distribute most of their earnings as dividends to maintain their tax-advantaged status. However, even REITs face issues that put their dividend programs in danger, sometimes leading to decreased payouts.
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IIPR Lawsuit Lead Plaintiff Deadline Is March 18th- Contact the DJS Law Group to Discuss Your Rights
Published: March 18, 2025 by: PRNewsWire
Sentiment: Neutral
LOS ANGELES , March 18, 2025 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Innovative Industrial Properties, Inc. ("Innovative" or "the Company") (NYSE: IIPR) for violations of the federal securities laws. Shareholders who purchased the Company's securities between February 27, 2024 and December 19, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before March 18, 2025.
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Innovative Industrial Properties, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - IIPR
Published: March 18, 2025 by: Accesswire
Sentiment: Neutral
NEW YORK, NY / ACCESS Newswire / March 18, 2025 / If you suffered a loss on your Innovative Industrial Properties, Inc. (NYSE:IIPR) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/innovative-industrial-properties-inc-lawsuit-submission-form?prid=136849&wire=1 or contact Joseph E. Levi, Esq.
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IIPR DEADLINE TODAY: ROSEN, LEADING INVESTOR COUNSEL, Encourages Innovative Industrial Properties, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - IIPR
Published: March 18, 2025 by: Accesswire
Sentiment: Neutral
NEW YORK CITY, NY / ACCESS Newswire / March 18, 2025 / WHY: New York, N.Y., March 18, 2025.
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Levi & Korsinsky Notifies Shareholders of Innovative Industrial Properties, Inc.(IIPR) of a Class Action Lawsuit and an Upcoming Deadline
Published: March 17, 2025 by: Accesswire
Sentiment: Neutral
NEW YORK, NY / ACCESS Newswire / March 17, 2025 / If you suffered a loss on your Innovative Industrial Properties, Inc. (NYSE:IIPR) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/innovative-industrial-properties-inc-lawsuit-submission-form?prid=136688&wire=1 or contact Joseph E. Levi, Esq.
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Class Action Filed Against Innovative Industrial Properties, Inc. (IIPR) Seeking Recovery for Investors – Contact The Gross Law Firm
Published: March 17, 2025 by: GlobeNewsWire
Sentiment: Neutral
NEW YORK, March 17, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Innovative Industrial Properties, Inc. (NYSE: IIPR).
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Levi & Korsinsky Notifies Innovative Industrial Properties, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline – IIPR
Published: March 14, 2025 by: Accesswire
Sentiment: Neutral
NEW YORK, NY / ACCESS Newswire / March 14, 2025 / If you suffered a loss on your Innovative Industrial Properties, Inc. (NYSE:IIPR) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/innovative-industrial-properties-inc-lawsuit-submission-form?prid=136134&wire=1 or contact Joseph E. Levi, Esq.
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IIPR DEADLINE NOTICE: ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Innovative Industrial Properties, Inc. Investors to Secure Counsel Before Important March 18 Deadline in Securities Class Action - IIPR
Published: March 14, 2025 by: Accesswire
Sentiment: Neutral
NEW YORK, NY / ACCESS Newswire / March 14, 2025 / WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Innovative Industrial Properties, Inc. (NYSE:IIPR) between February 27, 2024 and December 19, 2024, both dates inclusive (the "Class Period"), of the important March 18, 2025 lead plaintiff deadline. SO WHAT: If you purchased IIPR securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
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Investors in Innovative Industrial Properties, Inc. Should Contact Levi & Korsinsky Before March 18, 2025 to Discuss Your Rights - IIPR
Published: March 14, 2025 by: Accesswire
Sentiment: Neutral
NEW YORK, NY / ACCESS Newswire / March 14, 2025 / If you suffered a loss on your Innovative Industrial Properties, Inc. (NYSE:IIPR) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/innovative-industrial-properties-inc-lawsuit-submission-form?prid=136107&wire=1 or contact Joseph E. Levi, Esq.
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About Innovative Industrial Properties, Inc. (IIPR)
- IPO Date 2016-12-01
- Website https://www.innovativeindustrialproperties.com
- Industry REIT - Industrial
- CEO Paul E. Smithers
- Employees 21