IIPR logo

Innovative Industrial Properties, Inc. Stock Price

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

IIPR Share Price Performance

US$56.71
1.79 (3.26%)
US$61.75
Fair Value
US$56.71
1.79 (3.26%)
8.2% undervalued intrinsic discount
US$61.75
Fair Value
Price US$56.71
AnalystConsensusTarget US$61.75
AnalystHighTarget US$90.00
AnalystLowTarget US$43.00

IIPR Community Narratives

·
Fair Value US$61.75 8.2% undervalued intrinsic discount

Cannabis Real Estate Headwinds Will Erode Future Returns

2users have liked this narrative
2users have commented on this narrative
96users have followed this narrative
·
Fair Value US$90 37.0% undervalued intrinsic discount

Increasing Cannabis Legalization Will Drive Robust Gains Despite Risks

2users have liked this narrative
1users have commented on this narrative
14users have followed this narrative
·
Fair Value US$43 31.9% 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$90
37.0% undervalued intrinsic discount
Revenue
3.32% p.a.
Profit Margin
55.8%
Future PE
22.08x
Price in 2029
US$114.8
US$43
31.9% overvalued intrinsic discount
Revenue
-3.38% p.a.
Profit Margin
40.89%
Future PE
13.77x
Price in 2028
US$53.91

Trending Discussion

No trending discussion available.

Updated Narratives

IIPR logo

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

Fair Value: US$61.75 8.2% undervalued intrinsic discount
96 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 37.0% undervalued intrinsic discount
14 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 31.9% 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

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 Aug 04

Innovative Industrial Properties: The Bull Case Is Tempting, But It's Not For Me

Summary Innovative Industrial Properties remains a Hold due to worsening AFFO dividend coverage and ongoing tenant distress. Despite a 23.5% share price appreciation, Q2 2026 revenue and AFFO declined by 5% and 2.7%, respectively, compared to Q4, with the payout ratio rising to 104%. IIPR's tenant diversification has improved, reducing bankruptcy risk, but occupancy has trended down to 95.8%. Federal cannabis rescheduling is a key potential catalyst, but its timing and impact remain uncertain, keeping me on the sidelines. Read the full article on Seeking Alpha

Recent updates

No updates