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Innovative Industrial Properties Inc. (IIPR)

$52.86

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Key data on IIPR

Market cap

$1.46B

EPS

4.42

P/E ratio

11.4

Price to sales

5.42

Dividend yield

14.378%

Beta

1.374245

Price on IIPR

Previous close

$52.96

Today's open

$53.01

Day's range

$52.58 - $53.21

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

27570861

Issue type

Common Stock

IIPR industries and sectors

Real Estate

REITs

News on IIPR

Innovative Industrial Properties (IIPR) Stock Dips While Market Gains: Key Facts

In the most recent trading session, Innovative Industrial Properties (IIPR) closed at $52.96, indicating a -1.34% shift from the previous trading day.

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Zacks Investment Research • Oct 27, 2026

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Here's the Hands-Down Best Cannabis Stock for Dividend Investors

Innovative Industrial Properties offers a preferred stock with a yield of over 9%. This juicy yield is significantly safer than the REIT's common dividend yield of 14.5%.

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The Motley Fool • Oct 19, 2026

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Why Innovative Industrial Properties (IIPR) Dipped More Than Broader Market Today

The latest trading day saw Innovative Industrial Properties (IIPR) settling at $52.4, representing a -1.5% change from its previous close.

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Zacks Investment Research • Oct 16, 2026

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Innovative Industrial Properties Announces Third 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 third quarter 2026 results after the close of trading on the New York Stock Exchange on Monday, November 2, 2026.Management will host an investor conference call at 9:00 a.m. Pacific Time on Tuesday, November 3, 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 • Oct 14, 2026

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Marijuana Stocks And The Cannabis Industry: What Investors Should Watch

Marijuana stocks are entering a new phase as stronger consumer demand, regulatory progress, and improved access to U.S. capital markets compete with persistent pricing and profitability pressures. The cannabis industry is no longer driven solely by legalization headlines; investors increasingly distinguish disciplined operators from companies with excessive debt, weak margins, or limited cash flow.

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Innovative Industrial Properties Prices Public Offering of 9.25% Series B Cumulative Redeemable Preferred Stock

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today the pricing of an underwritten public offering of 2,000,000 shares of its 9.25% Series B Cumulative Redeemable Preferred Stock, par value $0.001 per share (the “Series B Preferred Stock”), at a price of $25.00 per share, for gross proceeds of $50,000,000. The Company granted the underwriters of the offering a 30-day option to purchase up to an additional 300,000 shares of the Company'.

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Business Wire • Oct 9, 2026

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Innovative Industrial Properties Announces Launch of Series B Preferred Stock Offering

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today that it has commenced a public offering of its Series B Cumulative Redeemable Preferred Stock (“Series B Preferred Stock”). The Company expects to grant the underwriters a 30-day option to purchase additional shares to cover overallotments, if any. Currently no market exists for the Series B Preferred Stock. The Company plans to file an application to list the Series B Preferred Stock.

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Business Wire • Oct 7, 2026

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Innovative Industrial Properties: When New Highs Mean Newer Lows

Innovative Industrial Properties has seen its dividend yield grow to 15%  with adjusted FFO coverage expanding, despite recent tenant defaults and surging Treasury yields. IIPR's second-quarter revenue grew 0.7% year-over-year to $63.32 million, with adjusted FFO at $1.83 per share, supporting a 96.32% dividend coverage ratio. Parallel tenant default impacts 5.1% of base rent, but IIPR expects Florida market strength to aid re-tenanting and continues diversifying into life sciences.

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Seeking Alpha • Oct 5, 2026

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2 High-Octane Cannabis Stocks to Buy in October for Aggressive Investors

The two pot companies had higher second-quarter profit. Their balance sheets are stronger than other companies in the sector.

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The Motley Fool • Oct 3, 2026

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Innovative Industrial Properties Announces Mezzanine Loan Commitment of $245 Million for Alewife Park

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today that it entered into definitive agreements to provide $245 million under a new mezzanine loan commitment to affiliates of IQHQ, Inc. ("IQHQ") in connection with the completion, lease-up, tenant improvements and stabilization of Phase I of Alewife Park, a master-planned life science campus in Cambridge, Massachusetts (the "Investment"). The loan is secured by pledges of equity.

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Business Wire • Oct 1, 2026

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