Innovative Industrial Properties, Inc.

NYSE:IIPR Stock Report

Market Cap: US$1.5b

Innovative Industrial Properties Future Growth

Future criteria checks 1/6

Innovative Industrial Properties is forecast to grow earnings and revenue by 9% and 2.3% per annum respectively while EPS is expected to grow by 8.8% per annum.

Key information

9.0%

Earnings growth rate

8.82%

EPS growth rate

Industrial REITs earnings growth3.1%
Revenue growth rate2.3%
Future return on equityn/a
Analyst coverage

Low

Last updated03 Mar 2026

Recent future growth updates

Recent updates

Innovative Industrial: 15% Yield, 1.4x Debt To EBITDA, Inflection Point In Defaults

Feb 26

Innovative Industrial Properties: Dividend Investors Tread Carefully With This 14% Yield (Rating Downgrade)

Apr 08

Innovative Industrial: Projecting Worst Case Outcomes And Potential Dividend Cut (Rating Upgrade)

Mar 31

Innovative Industrial Properties And 9% From The Preferred Stock: Safest Balance Sheet In The REIT Sector?

Mar 12

Why I No Longer Like Innovative Industrial Properties

Mar 02

Innovative Industrial Properties: Dividend Yield Is Safe Amidst Elevated Liquidity

Feb 24

Cannabis REITs: Less Risky Choices In A Risky Sector

Feb 12

Innovative Industrial Properties Vs. NewLake Capital Partners: Operating In A Sector Clouded With Uncertainty

Jan 28

Innovative Industrial Properties: Falling Knife Worth Catching - Market Overreaction Triggers Richer Yields

Jan 04

How Fear Is Boosting Innovative Industrial Properties' Upside

Dec 27

Innovative Industrial Properties: Schedule III Reclassification A Smokescreen?

Dec 21

Innovative Industrial Properties: Is U.S. Cannabis Now Uninvestable?

Nov 25

Innovative Industrial Properties Falls After Florida Vote And Earnings Miss, But It Now Yields Over 7%

Nov 10

Innovative Industrial Properties' Quiet Rise As Dividend Leader

Oct 16

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
User avatar

Decisive Expansion And Financial Stability Propel Growth In Emerging Cannabis Markets

Expansion into new state markets and strategic re-leasing of properties enhance revenue growth and stability through increased lease agreements.

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

Earnings and Revenue Growth Forecasts

NYSE:IIPR - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2027279134N/AN/A3
12/31/2026269120N/AN/A5
12/31/2025266111198198N/A
9/30/2025276120206206N/A
6/30/2025288132225225N/A
3/31/2025305149241241N/A
12/31/2024309158258258N/A
9/30/2024311160267267N/A
6/30/2024312161265265N/A
3/31/2024309161262262N/A
12/31/2023310163256256N/A
9/30/2023301163245245N/A
6/30/2023294159239239N/A
3/31/2023288158239239N/A
12/31/2022276152234234N/A
9/30/2022265139227227N/A
6/30/2022248132221221N/A
3/31/2022226121206206N/A
12/31/2021205112189189N/A
9/30/2021183105175175N/A
6/30/202116394157157N/A
3/31/202113978134134N/A
12/31/202011764111111N/A
9/30/202097529696N/A
6/30/202075407373N/A
3/31/202059306060N/A
12/31/201945224545N/A
9/30/20193215N/A31N/A
6/30/20192410N/A27N/A
3/31/2019198N/A19N/A
12/31/2018155N/A16N/A
9/30/2018123N/A13N/A
6/30/2018102N/A7N/A
3/31/201881N/A6N/A
12/31/201760N/A5N/A
9/30/20175-8N/A4N/A
12/31/20160-8N/A3N/A
12/31/201565N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: IIPR's forecast earnings growth (9% per year) is above the savings rate (3.4%).

Earnings vs Market: IIPR's earnings (9% per year) are forecast to grow slower than the US market (15.6% per year).

High Growth Earnings: IIPR's earnings are forecast to grow, but not significantly.

Revenue vs Market: IIPR's revenue (2.3% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: IIPR's revenue (2.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if IIPR's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/08 13:09
End of Day Share Price 2026/03/06 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Innovative Industrial Properties, Inc. is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Aaron GreyAlliance Global Partners
William CatherwoodBTIG
Michael GormanBTIG