IIPR logo

Innovative Industrial Properties, Inc. Stock Price

NYSE:IIPR Community·US$1.8b Market Cap
  • 3 Narratives written by author
  • 3 Comments on narratives written by author
  • 205 Fair Values set on narratives written by author

IIPR Share Price Performance

US$61.81
6.34 (11.43%)
US$90.00
Fair Value
US$61.81
6.34 (11.43%)
31.3% undervalued intrinsic discount
US$90.00
Fair Value
Price US$61.81
AnalystHighTarget US$90.00
AnalystConsensusTarget US$61.75
AnalystLowTarget US$45.00

IIPR Community Narratives

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Fair Value US$90 31.3% 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
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Fair Value US$61.75 0.1% overvalued 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
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Fair Value US$43 43.7% 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
31.3% undervalued intrinsic discount
Revenue
3.32% p.a.
Profit Margin
55.8%
Future PE
22.08x
Price in 2029
US$114.8
US$43
43.7% 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 Life Sciences Shift And Buybacks

Fair Value: US$61.75 0.1% overvalued 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 31.3% 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 43.7% 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, California.

Recent IIPR News & Updates

Seeking Alpha Jul 06

Innovative Industrial Properties Preferred: High Income Yield But Not A Buy-And-Hold Allocation

Summary Innovative Industrial Properties Series A preferred shares offer an ~9.17% yield but are best suited for short-term, moderate allocations. IIPR.PR.A trades just below par, post-call date, exposing investors to negative convexity and heightened interest-rate sensitivity, limiting upside if rates decline. IIPR's low leverage and robust common equity base (~$1.8B) provide strong coverage for preferred obligations, with 19x earnings coverage on preferred dividends. Current elevated interest rates and cautious outlook suggest only moderate position sizing in IIPR.PR.A, as rising rates pose a downside risk. Read the full article on Seeking Alpha
Narrative Update Jun 22

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

Analysts have raised their price target for Innovative Industrial Properties to $61.75 from $58.75, reflecting updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What’s in the News for Innovative Industrial Properties Innovative Industrial Properties reported first quarter 2026 results that exceeded expectations for AFFO and revenue, supported by leasing momentum and income from its growing life sciences investment through IQHQ.

Recent updates

No updates