Innovative Industrial Properties Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of IIPR?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	417,326	1.47%
General Public	7,725,448	27.3%
Institutions	20,189,059	71.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 57.54% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
17.8%	BlackRock, Inc.	5,055,316	US$367.4m	0.63%	0.01%
15.6%	The Vanguard Group, Inc.	4,423,736	US$321.5m	1.49%	no data
5.92%	State Street Global Advisors, Inc.	1,677,163	US$121.9m	2.89%	no data
2.22%	Pacer Advisors, Inc.	630,340	US$45.8m	0%	0.1%
1.64%	Charles Schwab Investment Management, Inc.	464,553	US$33.8m	1.57%	0.01%
1.54%	Northern Trust Global Investments	435,879	US$31.7m	20.6%	no data
1.33%	BNY Asset Management	376,838	US$27.4m	25.9%	no data
1.21%	Dimensional Fund Advisors LP	342,123	US$24.9m	2.17%	no data
1.2%	Norges Bank Investment Management	339,661	US$24.7m	1.13%	no data
1.13%	Morgan Stanley, Investment Banking and Brokerage Investments	319,296	US$23.2m	15.1%	no data
0.95%	Alan Gold	269,808	US$19.6m	0%	no data
0.86%	Invesco Capital Management LLC	242,908	US$17.7m	18.7%	0.01%
0.68%	Legal & General Investment Management Limited	193,315	US$14.0m	-7.87%	no data
0.63%	Jupiter Fund Management Plc	177,766	US$12.9m	12.4%	0.04%
0.56%	Goldman Sachs Group, Investment Banking and Securities Investments	158,356	US$11.5m	56.7%	0.01%
0.54%	Principal Global Investors, LLC	152,586	US$11.1m	4.21%	0.01%
0.51%	Balyasny Asset Management L.P.	144,288	US$10.5m	0%	0.02%
0.48%	Tidal Investments LLC	135,064	US$9.8m	-26.2%	0.07%
0.43%	LSV Asset Management	120,500	US$8.8m	-11.9%	0.02%
0.4%	D. E. Shaw & Co., L.P.	112,868	US$8.2m	283%	0.01%
0.4%	Eaton Vance Management	112,618	US$8.2m	20.9%	no data
0.4%	Point72 Asset Management, L.P.	112,571	US$8.2m	0%	0.02%
0.38%	Cambiar Investors, LLC	108,284	US$7.9m	370%	0.29%
0.35%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	98,812	US$7.2m	0.95%	no data
0.34%	Voloridge Investment Management, LLC	97,494	US$7.1m	2,680%	0.02%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/22 10:46
End of Day Share Price	2025/02/21 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 10 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.

Analyst	Institution
Aaron Grey	Alliance Global Partners
William Catherwood	BTIG
Michael Gorman	BTIG