company background image
IIPR logo

Innovative Industrial Properties NYSE:IIPR Stock Report

Last Price

US$130.87

Market Cap

US$3.7b

7D

-0.5%

1Y

73.4%

Updated

13 Oct, 2024

Data

Company Financials +

Innovative Industrial Properties, Inc.

NYSE:IIPR Stock Report

Market Cap: US$3.7b

IIPR Stock Overview

A self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities.

IIPR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance2/6
Financial Health5/6
Dividends4/6

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

US$135.80
FV
3.6% undervalued intrinsic discount
3.61%
Revenue growth p.a.
1users have liked this narrative
0users have commented on this narrative
2users have followed this narrative
3 days ago author updated this narrative

Innovative Industrial Properties, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Innovative Industrial Properties
Historical stock prices
Current Share PriceUS$130.87
52 Week HighUS$138.35
52 Week LowUS$69.08
Beta1.37
11 Month Change1.32%
3 Month Change10.32%
1 Year Change73.38%
33 Year Change-45.25%
5 Year Change80.41%
Change since IPO583.39%

Recent News & Updates

Recent updates

Innovative Industrial Properties: Great Opportunities Ahead For This Industry Leader

Sep 30

Innovative Industrial Properties: Preferred Shares Offering Attractive 8.5% Dividend Yield

Sep 16

Innovative Industrial: Why It Is Time To Move To The Sidelines (Rating Downgrade)

Aug 23

Innovative Industrial: Staying Neutral As Positives Roughly Balance Risks

Jul 16

Innovative Industrial Properties: The Cannabis Rescheduling Catalyst For This 6.7% Yield

Jun 14

Innovative Industrial Properties: Fair Price, No Signs Of Recreating Its Past

May 14

Innovative Industrial Properties: Attractive Ahead Of Bullish Catalysts

Apr 09

Innovative Industrial Properties: 7.2% Dividend With Visible Near-Term Catalyst

Apr 02

Innovative Industrial Properties: Will It Have You Rolling In The Green?

Mar 09

Innovative Industrial Properties' Q4 Earnings: We Maintain Strong Buy

Feb 27

Innovative Industrial Properties: Probably Best Not To Chase

Jan 18

Innovative Industrial Properties: A Timely Update For This 7.4% Yield

Dec 18

Innovative Industrial Properties: Buying The Bullish Reversal Pattern Amid Strong Financials

Nov 17

Innovative Industrial Properties: 9% Yield And Fed Pivot Form Conditions For Cannabis Rally

Nov 06

Innovative Industrial Properties Is The Best Value Opportunity

Oct 11

Innovative Industrial Properties: A Speculative Buy

Sep 26

Innovative Industrial Properties: Is It A Falling Knife Here?

Sep 03

Innovative Industrial: Top Cannabis Pick With 9% Dividend Yield

Aug 25

Innovative Industrial REIT Prevails Over Bears As Cannabis No Longer A Clear Sell

Aug 07

Innovative Industrial: The 10% Yield Gives Plenty Of Comfort

Jul 09

Innovative Industrial: 10% Dividend Yield, Deep Value From Cannabis Landlord

Jun 21

Innovative Industrial Properties: Cannabis Is Sinking, Should You  Avoid The 10% Yield?

Jun 07

Innovative Industrial Properties: Our Favorite REIT Trading At A Discount

Feb 23

Innovative Industrial Properties updates on properties as of Dec. 31, 2022

Jan 19

Innovative Industrial Properties (NYSE:IIPR) Ticks All The Boxes When It Comes To Earnings Growth

Jan 10
Innovative Industrial Properties (NYSE:IIPR) Ticks All The Boxes When It Comes To Earnings Growth

Top REIT Pick: Innovative Industrial Properties Yields 7% With Fast Growth

Dec 21

Innovative Industrial Properties declares $1.80 dividend

Dec 15

Innovative Industrial Properties: Bears Hunted

Nov 09

Innovative Industrial Properties Q3 2022 Earnings Preview

Nov 01

Innovative Industrial Is A Buy When The Forest Is On Fire

Oct 22

Innovative Industrial Properties (NYSE:IIPR) Ticks All The Boxes When It Comes To Earnings Growth

Sep 29
Innovative Industrial Properties (NYSE:IIPR) Ticks All The Boxes When It Comes To Earnings Growth

Innovative Industrial Properties raises dividend by 2.9% to $1.80

Sep 15

Innovative Industrial Properties: High-Growth Cannabis REIT With 7.6% Yield

Aug 31

Innovative Industrial: Separating The 'Weed' From The Chaff

Aug 19

Innovative Industrial Properties FFO of $1.97 misses by $0.01, revenue of $70.51M beats by $1.44M

Aug 03

Innovative Industrial Properties: One Of The Few REITs We're Interested In

Jul 27

Cannabis REITs Are The Perfect Setup While We Wait For Federal Legalization (Podcast Transcript)

Jul 20

Cannabis REITs Are The Perfect Setup While We Wait For Federal Legalization

Jul 06

Innovative Industrial Properties amends lease with Green Thumb Industries for Pennsylvania property

Jun 30

Innovative Industrial Properties: Far Too Cheap By Any Valuation Metric

Jun 19

Innovative Industrial Properties: Smoking Hot Total Return Prospects Ahead

Jun 07

Shareholder Returns

IIPRUS Industrial REITsUS Market
7D-0.5%-1.8%1.0%
1Y73.4%9.7%33.6%

Return vs Industry: IIPR exceeded the US Industrial REITs industry which returned 9.7% over the past year.

Return vs Market: IIPR exceeded the US Market which returned 33.6% over the past year.

Price Volatility

Is IIPR's price volatile compared to industry and market?
IIPR volatility
IIPR Average Weekly Movement3.3%
Industrial REITs Industry Average Movement3.0%
Market Average Movement6.3%
10% most volatile stocks in US Market14.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: IIPR has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: IIPR's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201622Paul Smitherswww.innovativeindustrialproperties.com

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.

Innovative Industrial Properties, Inc. Fundamentals Summary

How do Innovative Industrial Properties's earnings and revenue compare to its market cap?
IIPR fundamental statistics
Market capUS$3.71b
Earnings (TTM)US$161.43m
Revenue (TTM)US$312.23m

23.0x

P/E Ratio

11.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IIPR income statement (TTM)
RevenueUS$312.23m
Cost of RevenueUS$27.08m
Gross ProfitUS$285.15m
Other ExpensesUS$123.71m
EarningsUS$161.43m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)5.70
Gross Margin91.33%
Net Profit Margin51.70%
Debt/Equity Ratio15.3%

How did IIPR perform over the long term?

See historical performance and comparison

Dividends

5.8%

Current Dividend Yield

89%

Payout Ratio

Does IIPR pay a reliable dividends?

See IIPR dividend history and benchmarks
When do you need to buy IIPR by to receive an upcoming dividend?
Innovative Industrial Properties dividend dates
Ex Dividend DateSep 30 2024
Dividend Pay DateOct 15 2024
Days until Ex dividend13 days
Days until Dividend pay date2 days

Does IIPR pay a reliable dividends?

See IIPR dividend history and benchmarks