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Innovative Industrial Properties, Inc. Stock Price

NYSE:IIPR Community·US$1.6b Market Cap
  • 3 Narratives written by author
  • 3 Comments on narratives written by author
  • 202 Fair Values set on narratives written by author

IIPR Share Price Performance

US$53.98
-3.03 (-5.31%)
US$58.75
Fair Value
US$53.98
-3.03 (-5.31%)
8.1% undervalued intrinsic discount
US$58.75
Fair Value
Price US$53.98
AnalystConsensusTarget US$58.75
AnalystHighTarget US$90.00
AnalystLowTarget US$45.00

IIPR Community Narratives

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Fair Value US$58.75 8.1% undervalued intrinsic discount

Cannabis Real Estate Headwinds Will Erode Future Returns

2users have liked this narrative
2users have commented on this narrative
95users have followed this narrative
·
Fair Value US$90 40.0% undervalued intrinsic discount

Increasing Cannabis Legalization Will Drive Robust Gains Despite Risks

2users have liked this narrative
1users have commented on this narrative
11users have followed this narrative
·
Fair Value US$43 25.5% 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
8.1% undervalued intrinsic discount
Revenue
2.96% p.a.
Profit Margin
52.18%
Future PE
14.59x
Price in 2029
US$74.79
US$90
40.0% undervalued intrinsic discount
Revenue
3.34% p.a.
Profit Margin
53.43%
Future PE
20.72x
Price in 2029
US$113.94
US$43
25.5% 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 8.1% undervalued intrinsic discount
95 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 40.0% undervalued intrinsic discount
11 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 25.5% 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 mediocre balance sheet.

1 Risk
3 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

Narrative Update May 11

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

Analysts have lifted the fair value estimate for Innovative Industrial Properties by $1.75 to $58.75, citing updated assumptions around revenue growth, higher profit margins, a lower assumed future P/E multiple, and recent price target revisions that reflect improved visibility on rent collections from previously defaulted assets. Analyst Commentary Bullish Takeaways Bullish analysts point to improved visibility on rent collections from previously defaulted assets as a key support for fair value and recent target increases.

Recent updates

No updates