IIPR logo

Innovative Industrial Properties, Inc. Stock Price

NYSE:IIPR Community·US$1.7b Market Cap
  • 3 Narratives written by author
  • 3 Comments on narratives written by author
  • 206 Fair Values set on narratives written by author

IIPR Share Price Performance

US$0
-54.78 (-100.00%)
US$58.75
Fair Value
US$0
-54.78 (-100.00%)
Price US$0

IIPR Community Narratives

·
Fair Value US$58.75 0.3% undervalued intrinsic discount

Cannabis Real Estate Headwinds Will Erode Future Returns

2users have liked this narrative
2users have commented on this narrative
97users have followed this narrative
·
Fair Value US$90 34.9% undervalued intrinsic discount

Increasing Cannabis Legalization Will Drive Robust Gains Despite Risks

2users have liked this narrative
1users have commented on this narrative
12users have followed this narrative
·
Fair Value US$43 36.2% overvalued intrinsic discount

Defaults And Vacancy Spikes Will Devastate Cannabis Real Estate

0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
US$58.75
0.3% undervalued intrinsic discount
Revenue
2.96% p.a.
Profit Margin
52.18%
Future PE
14.59x
Price in 2029
US$74.79
US$90
34.9% undervalued intrinsic discount
Revenue
3.34% p.a.
Profit Margin
53.43%
Future PE
20.72x
Price in 2029
US$113.94
US$43
36.2% overvalued intrinsic discount
Revenue
-3.38% p.a.
Profit Margin
40.89%
Future PE
13.77x
Price in 2028
US$53.91

Trending Discussion

Updated Narratives

IIPR logo

IIPR: Fair Value View Will Hinge On Rent Collections And Buybacks

Fair Value: US$58.75 0.3% undervalued intrinsic discount
97 users have set this as their fair value
2 users have commented on this narrative
0 users have liked this narrative
IIPR logo

IIPR: Rent Recovery Progress And Buybacks Will Support Future Upside

Fair Value: US$90 34.9% undervalued intrinsic discount
12 users have set this as their fair value
1 users have commented on this narrative
0 users have liked this narrative
IIPR logo

Defaults And Vacancy Spikes Will Devastate Cannabis Real Estate

Fair Value: US$43 36.2% overvalued intrinsic discount
0 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative

Snowflake Analysis

Good value with mediocre balance sheet.

1 Risk
2 Rewards

Innovative Industrial Properties, Inc. Key Details

US$263.2m

Revenue

US$30.4m

Cost of Revenue

US$232.9m

Gross Profit

US$121.8m

Other Expenses

US$111.1m

Earnings

Last Reported Earnings
Mar 31, 2026
Next Reporting Earnings
n/a
3.86
88.46%
42.20%
19.3%
View Full Analysis

About IIPR

Founded
2016
Employees
23
CEO
Paul Smithers
WebsiteView website
www.innovativeindustrialproperties.com

Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties and life science real estate. Innovative Industrial Properties, Inc. was incorporated on June 15th 2016 in Maryland and is based in San Diego, United States.

Recent IIPR News & Updates

Seeking Alpha May 25

Innovative Industrial Properties: Dual Beats And Fat Dividend Yield From Most Undervalued REIT

Summary Innovative Industrial Properties is undervalued, trading at 8x 2026 annualized first-quarter NFFO versus peers at 14.37x. IIPR's 13.32% dividend yield is not currently covered, but ongoing tenant default resolutions and new leases are expected to improve NFFO coverage and support the payout. Recent leasing momentum and increased payments from defaulted tenants underpin sequential revenue growth, with second-quarter revenue likely to exceed $70 million. IIPR is rated Buy, with anticipated NFFO growth and sector regulatory changes serving as catalysts, though a dividend cut risk remains. Read the full article on Seeking Alpha

Recent updates

No updates