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Innovative Industrial Properties

IIPR

Market cap $1.56B

56.58 USD

+0.33

0.59%

At close Updated Sep 14, 1:16 PM EDT

1 day

0.59%

5 days

-1.17%

1 month

1.05%

3 months

-6.48%

6 months

9.06%

Year to date

14.37%

1 year

-1.26%

5 years

-75.23%

10 years

195.46%

About: Innovative Industrial Properties Inc is a real estate investment trust focused on the acquisition, ownership and management of specialized industrial and commercial properties in the United States. Its properties are prominently leased to state-licensed operators for their regulated cannabis facilities. The company conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by its Operating Partnership, directly or through subsidiaries. Its segments are: Cannabis Portfolio and Life Science Portfolio, with the majority of revenue coming from the Cannabis Portfolio segment, which involves acquiring, developing, and leasing real estate to regulated cannabis operators on long-term triple-net leases.

Employees: 24

Real Estate Industrial REIT

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 57.6%

Neutral 39.4%

Negative 3%

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.

Net Lease REITs: Diversification Or Diworsification?

Zacks Investment Research

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.

Innovative Industrial Properties (IIPR) Laps the Stock Market: Here's Why

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.

Innovative Industrial Properties: One Of The Most Mispriced High-Yield REITs Today

MarijuanaStocks

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.

3 High-Dividend Marijuana Stocks to Watch in September 2026

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.

My REIT Dream Team (Part 2)

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.

Innovative Industrial Properties: Compelling 13% Dividend Yield Backed By Regulatory Catalysts

Zacks Investment Research

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?

Why Is Innovative Industrial Properties (IIPR) Down 6.9% Since Last Earnings Report?

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.

TCW Global Real Estate Fund Q2 2026 Portfolio Update

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.

Glean:GO Brings Enterprise AI Leaders to San Francisco: NYSE Content Update

Zacks Investment Research

Down 12.9% in 4 Weeks, Here's Why You Should You Buy the Dip in Innovative Industrial Properties (IIPR)

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.

Down 12.9% in 4 Weeks, Here's Why You Should You Buy the Dip in Innovative Industrial Properties (IIPR)

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