Innovative Industrial PropertiesIIPR
IIPR
About: Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.
Employees: 21
0
Funds holding %
of 7,323 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
13% more repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 102
1.7% less ownership
Funds ownership: 70.73% [Q4 2024] → 69.03% (-1.7%) [Q1 2025]
8% less funds holding
Funds holding: 355 [Q4 2024] → 325 (-30) [Q1 2025]
20% less capital invested
Capital invested by funds: $1.33B [Q4 2024] → $1.06B (-$272M) [Q1 2025]
21% less call options, than puts
Call options by funds: $17.8M | Put options by funds: $22.5M
34% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 70
Research analyst outlook
We haven’t received any recent analyst ratings for IIPR.
Financial journalist opinion
Based on 11 articles about IIPR published over the past 30 days
Positive
Seeking Alpha
11 hours ago
The Safest 10% Yields I've Found
Most 10% yields are risky. But these two high yielding stocks stand out. They are the safest ≈10% yielding companies that I know.
Positive
MarijuanaStocks
6 days ago
Top REIT and Lending Cannabis Stocks to Watch in July 2025
The U.S. cannabis industry continues its rapid expansion. In 2025, the legal market is projected to reach nearly $45 billion. Its total economic impact may exceed $120 billion by year-end. Recreational cannabis is now legal in 24 states, while medical use is permitted in 40 states. Public support for legalization remains strong, with approval ratings near all-time highs. Additionally, major beverage companies are entering the cannabis space, signaling wider mainstream acceptance. Although federal reform is still pending, investors continue to show interest. As a result, ancillary cannabis stocks are gaining momentum. These companies offer exposure without the risk of handling the plant directly. Investors can improve timing by using technical analysis. Watching key support and resistance levels is essential. Equally important is applying risk management. Always use stop-loss orders and control position sizing to protect capital.
Positive
Seeking Alpha
1 week ago
Innovative Industrial Properties Is A Cautious Buy
IIPR remains risky but attractive for cannabis investors after a major price drop, offering deep value compared to peers despite ongoing tenant and industry challenges. Recent financials show declining revenue, EPS, and AFFO, with dividend sustainability in question and refinancing risk looming, but the balance sheet remains relatively stable. Valuation is compelling at 0.8x tangible book and a 14.5% dividend yield, though a dividend cut is likely; technicals suggest possible further downside but also significant upside potential.
Positive
Seeking Alpha
1 week ago
Buy 5 Ideal Safer Dividend Power Dogs In July
I spotlight the top five Dividend Power stocks with 'safer' dividends and attractive valuations, ideal for income-focused investors in July. My strategy prioritizes high earnings yield and dividend yield, aiming for stocks with reliable payouts and low valuations that can weather market downturns. Analyst forecasts project average net gains of 55.82% for the top ten DiviPower stocks by July 2026, with risk slightly below the market average.
Neutral
Seeking Alpha
2 weeks ago
Innovative Industrial's Preferred Got Interesting
IIPR has significant tenant troubles ahead. The common remains troubled, but the preferred is better positioned. With so much equity beneath it, the preferred looks reliable and offers high yield.
Positive
Seeking Alpha
2 weeks ago
Credit Rating For The Unrated REITs (Part 9): Innovative Industrial Properties
IIPR boasts one of the strongest balance sheets in the REIT sector, with an asset coverage ratio over 800% and robust asset growth. The company's market-adjusted return on assets is an impressive 14.90%, reflecting both profitability and undervaluation at a P/B ratio of 0.84. IIPR's common stock trades at a low price-to-forward FFO of 8.7, offering an attractive 11.49% FFO yield for investors.
Positive
24/7 Wall Street
2 weeks ago
3 Dividend Growth Stocks to Turn $10,000 Into $50,000 by 2035
These dividend stocks have high dividend growth rates and good yields. The underlying stock also has solid upside potential.
Positive
MarijuanaStocks
2 weeks ago
Best Cannabis REITs for July 2025: High-Yield Picks for Income Investors
Cannabis REITs are gaining momentum this week as investors seek dividend-paying stocks with long-term growth potential. These companies lease properties to licensed cannabis operators, generating steady income for their shareholders. As the cannabis sector matures, real estate investment trusts provide stability and consistent payouts. The U.S. cannabis market is projected to reach over $45 billion by the end of 2025. Annual growth rates continue to climb as more states expand legalization. Cannabis sales and tax revenue are also setting new records. Therefore, REITs focused on cannabis facilities offer a strong opportunity. They combine predictable rental income with exposure to a rapidly growing industry. Additionally, REITs provide a great way to build a dividend portfolio while avoiding direct exposure to plant-touching businesses. For those seeking reliable yield and capital appreciation, cannabis REITs offer a well-balanced option.
Positive
Seeking Alpha
3 weeks ago
Innovative Industrial Properties: The Series A Preferreds Are In Prime Position
Innovative Industrial Properties, Inc. 9% CUM PFD SER A's yield pushed up to 9.41% after the issuance slid below its liquidation value. Recent tenant defaults highlight the REIT's counterparty risk. However, internal liquidity, portfolio diversification, and asset ownerships prevents such risks from being directly transferred to shareholders. The cannabis industry has yet to consolidate but noteworthy tailwinds are evident. Innovative Industrial Properties' income statement, FFO, and AFFO reflect these tailwinds.
Neutral
Seeking Alpha
3 weeks ago
Innovative Industrial Properties: High Risk With High Return - Contrarian Buy For The Brave
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.
Charts implemented using Lightweight Charts™