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Innovative Industrial Properties, Inc. Stock Price

NYSE:IIPR Community·US$1.5b Market Cap
  • 3 Narratives written by author
  • 1 Comments on narratives written by author
  • 227 Fair Values set on narratives written by author
Author Program NEWCreate Narrative

IIPR Share Price Performance

US$56.43
-1.83 (-3.14%)
​
US$61.75
Fair Value
US$56.43
-1.83 (-3.14%)
8.6% undervalued intrinsic discount
US$61.75
Fair Value
Price US$56.43
AnalystConsensusTarget US$61.75
AnalystHighTarget US$90.00
AnalystLowTarget US$43.00

IIPR Community Narratives

Fair Value
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Fair Value US$61.75 8.6% undervalued intrinsic discount

Cannabis Real Estate Headwinds Will Erode Future Returns

2users have liked this narrative
2users have commented on this narrative
105users have followed this narrative
Fair Value
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Fair Value US$90 37.3% undervalued intrinsic discount

Increasing Cannabis Legalization Will Drive Robust Gains Despite Risks

2users have liked this narrative
1users have commented on this narrative
13users have followed this narrative
Fair Value
·
Fair Value US$43 31.2% 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
IIPR logo
Innovative Industrial Properties
8.6% undervalued intrinsic discount

Cannabis Real Estate Headwinds Will Erode Future Returns

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Updated 22 Jun
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IIPR logo
Innovative Industrial Properties
37.3% undervalued intrinsic discount

Increasing Cannabis Legalization Will Drive Robust Gains Despite Risks

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Updated 6 Jun
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IIPR logo
Innovative Industrial Properties
31.2% overvalued intrinsic discount

Defaults And Vacancy Spikes Will Devastate Cannabis Real Estate

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Published 22 Jun 2025
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Trending Discussion

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Updated Narratives

IIPR logo

IIPR: Fair Value View Will Hinge On Life Sciences Shift And Buybacks

Fair Value: US$61.75 8.6% undervalued intrinsic discount
105 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 Recoveries And Life Sciences Expansion Will Support Future Upside

Fair Value: US$90 37.3% undervalued intrinsic discount
13 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 31.2% 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

Undervalued with adequate balance sheet.

1 Risk
2 Rewards
View Full Analysis

Innovative Industrial Properties, Inc. Key Details

US$263.7m

Revenue

US$30.7m

Cost of Revenue

US$233.0m

Gross Profit

US$106.8m

Other Expenses

US$126.2m

Earnings

Last Reported Earnings
Jun 30, 2026
Next Reporting Earnings
n/a
4.58
88.35%
47.87%
32.9%
View Full Analysis

About IIPR

Founded
2016
Employees
24
CEO
Paul Smithers
WebsiteView website
www.innovativeindustrialproperties.com

Innovative Industrial Properties, Inc. is an internally managed real estate investment trust focused on the acquisition, ownership and management of specialized industrial properties and financial investments in the life science industry. As of June 30, 2026, we owned 108 properties comprising an aggregate of approximately 8.4 million rentable square feet in 19 states. Innovative Industrial Properties, Inc. was established on June 15th 2016 and is incorporated in Maryland.

Recent IIPR News & Updates

Seeking Alpha • Sep 05

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

Summary 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. Dividend coverage remains below 100% AFFO, but a potential cut appears priced in, and re-leasing activity plus sector stabilization could drive future upside. Read the full article on Seeking Alpha

Recent updates

No updates

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