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IIPR Stock Overview

Profile

Full Name:

Innovative Industrial Properties, Inc.

Industry:

Industrial

Country:

United States

IPO:

December 1, 2016

Indexes:

Not included

Description:

Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) that specializes in acquiring and managing specialized properties leased to cannabis cultivation businesses. The corporation was founded in 2016 and is based in San Diego, California. The company acquires specialized industrial properties operated by state-licensed cannabis operators, primarily for medical use, through sale-leaseback transactions and third-party purchases. The company's properties typically consist of structures similar to standard agricultural buildings or greenhouses with enhancements for high-quality cannabis cultivation, including advanced climate and humidity control systems, high-power electrical and plumbing systems, and specialized lighting systems.

Key Details

Price

$73.38

Annual Revenue

$309.51 M(+11.99% YoY)

Annual EPS

$5.77(+4.53% YoY)

Beta

0.56

Events Calendar

Earnings

Next earnings date:

Feb 27, 2025

Recent quarterly earnings:

Nov 6, 2024

Recent annual earnings:

Feb 26, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Dec 31, 2024
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

Dec 23, 24 BTIG
Neutral
Dec 20, 24 Compass Point
Neutral
Dec 17, 24 Alliance Global Partners
Buy
Dec 16, 24 JMP Securities
Market Perform
Nov 8, 24 Piper Sandler
Neutral
Nov 8, 24 Compass Point
Buy
Aug 9, 24 Piper Sandler
Neutral
Jul 22, 24 Roth MKM
Buy
Mar 7, 24 Craig-Hallum
Hold
Feb 29, 24 Piper Sandler
Neutral

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Institutional Ownership

Shareholders of Innovative Industrial Properties, Inc. Should Contact Levi & Korsinsky Before March 18, 2025 to Discuss Your Rights - IIPR
Shareholders of Innovative Industrial Properties, Inc. Should Contact Levi & Korsinsky Before March 18, 2025 to Discuss Your Rights - IIPR
Shareholders of Innovative Industrial Properties, Inc. Should Contact Levi & Korsinsky Before March 18, 2025 to Discuss Your Rights - IIPR
IIPR
accessnewswire.comFebruary 7, 2025

NEW YORK, NY / ACCESS Newswire / February 7, 2025 / If you suffered a loss on your Innovative Industrial Properties, Inc. (NYSE:IIPR) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/innovative-industrial-properties-inc-lawsuit-submission-form?prid=127805&wire=1 or contact Joseph E. Levi, Esq.

Innovative Industrial Properties: Yielding Over 10%, The Valuation Is Substantially De-Risked
Innovative Industrial Properties: Yielding Over 10%, The Valuation Is Substantially De-Risked
Innovative Industrial Properties: Yielding Over 10%, The Valuation Is Substantially De-Risked
IIPR
seekingalpha.comFebruary 7, 2025

Following the recent news of PharmaCann's default, IIPR yields a juicy 10.3%, and the current valuation prices in less than 1% annual growth in perpetuity. The dividend is expected to be covered by FFO, per analysts' forecasts, and the company's 84% AFFO payout ratio means it has room to handle drops in earnings. IIPR recently reached a deal with PharmaCann that helps stabilize things for both companies, although if PharmaCann can't refinance a particular loan by June, there could be trouble.

Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Innovative Industrial Properties, Inc.(IIPR) Shareholders
Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Innovative Industrial Properties, Inc.(IIPR) Shareholders
Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Innovative Industrial Properties, Inc.(IIPR) Shareholders
IIPR
prnewswire.comFebruary 7, 2025

NEW YORK , Feb. 7, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Innovative Industrial Properties, Inc. ("Innovative Industrial Properties" or the "Company") (NYSE: IIPR) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Innovative Industrial Properties investors who were adversely affected by alleged securities fraud between February 27, 2024 and December 19, 2024.

Innovative Industrial Properties, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before March 18, 2025 to Discuss Your Rights – IIPR
Innovative Industrial Properties, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before March 18, 2025 to Discuss Your Rights – IIPR
Innovative Industrial Properties, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before March 18, 2025 to Discuss Your Rights – IIPR
IIPR
accessnewswire.comFebruary 6, 2025

NEW YORK, NY / ACCESS Newswire / February 6, 2025 / If you suffered a loss on your Innovative Industrial Properties, Inc. (NYSE:IIPR) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/innovative-industrial-properties-inc-lawsuit-submission-form?prid=127740&wire=1 or contact Joseph E. Levi, Esq.

Levi & Korsinsky Notifies Shareholders of Innovative Industrial Properties, Inc. (IIPR) of a Class Action Lawsuit and an Upcoming Deadline
Levi & Korsinsky Notifies Shareholders of Innovative Industrial Properties, Inc. (IIPR) of a Class Action Lawsuit and an Upcoming Deadline
Levi & Korsinsky Notifies Shareholders of Innovative Industrial Properties, Inc. (IIPR) of a Class Action Lawsuit and an Upcoming Deadline
IIPR
accessnewswire.comFebruary 6, 2025

NEW YORK, NY / ACCESS Newswire / February 6, 2025 / If you suffered a loss on your Innovative Industrial Properties, Inc. (NYSE:IIPR) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/innovative-industrial-properties-inc-lawsuit-submission-form?prid=127723&wire=1 or contact Joseph E. Levi, Esq.

Why Innovative Industrial Properties (IIPR) Outpaced the Stock Market Today
Why Innovative Industrial Properties (IIPR) Outpaced the Stock Market Today
Why Innovative Industrial Properties (IIPR) Outpaced the Stock Market Today
IIPR
zacks.comFebruary 6, 2025

Innovative Industrial Properties (IIPR) closed at $74.03 in the latest trading session, marking a +0.76% move from the prior day.

INNOVATIVE INDUSTRIAL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Innovative Industrial Properties, Inc. - IIPR
INNOVATIVE INDUSTRIAL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Innovative Industrial Properties, Inc. - IIPR
INNOVATIVE INDUSTRIAL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Innovative Industrial Properties, Inc. - IIPR
IIPR
accessnewswire.comFebruary 6, 2025

NEW ORLEANS, LA / ACCESS Newswire / February 6, 2025 / Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 18, 2025 to file lead plaintiff applications in a securities class action lawsuit against Innovative Industrial Properties, Inc. (NYSE:IIPR), if they purchased the Company's securities between February 27, 2024 and December 19, 2024, inclusive (the "Class Period").

Innovative Industrial Properties, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - IIPR
Innovative Industrial Properties, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - IIPR
Innovative Industrial Properties, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - IIPR
IIPR
accessnewswire.comFebruary 6, 2025

NEW YORK, NY / ACCESS Newswire / February 6, 2025 / If you suffered a loss on your Innovative Industrial Properties, Inc. (NYSE:IIPR) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/innovative-industrial-properties-inc-lawsuit-submission-form?prid=127692&wire=1 or contact Joseph E. Levi, Esq.

ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Innovative Industrial Properties, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - IIPR
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Innovative Industrial Properties, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - IIPR
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Innovative Industrial Properties, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - IIPR
IIPR
accessnewswire.comFebruary 6, 2025

NEW YORK, NY / ACCESS Newswire / February 6, 2025 / WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Innovative Industrial Properties, Inc. (NYSE:IIPR) between February 27, 2024 and December 19, 2024, both dates inclusive (the "Class Period"), of the important March 18, 2025 lead plaintiff deadline. SO WHAT: If you purchased IIPR securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Levi & Korsinsky Reminds Innovative Industrial Properties Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 18, 2025 - IIPR
Levi & Korsinsky Reminds Innovative Industrial Properties Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 18, 2025 - IIPR
Levi & Korsinsky Reminds Innovative Industrial Properties Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 18, 2025 - IIPR
IIPR
accessnewswire.comFebruary 6, 2025

NEW YORK, NY / ACCESS Newswire / February 6, 2025 / If you suffered a loss on your Innovative Industrial Properties, Inc. (NYSE:IIPR) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/innovative-industrial-properties-inc-lawsuit-submission-form?prid=127686&wire=1 or contact Joseph E. Levi, Esq.

FAQ

  • What is the ticker symbol for Innovative Industrial Properties?
  • Does Innovative Industrial Properties pay dividends?
  • What sector is Innovative Industrial Properties in?
  • What industry is Innovative Industrial Properties in?
  • What country is Innovative Industrial Properties based in?
  • When did Innovative Industrial Properties go public?
  • Is Innovative Industrial Properties in the S&P 500?
  • Is Innovative Industrial Properties in the NASDAQ 100?
  • Is Innovative Industrial Properties in the Dow Jones?
  • When was Innovative Industrial Properties's last earnings report?
  • When does Innovative Industrial Properties report earnings?
  • Should I buy Innovative Industrial Properties stock now?

What is the ticker symbol for Innovative Industrial Properties?

The ticker symbol for Innovative Industrial Properties is NYSE:IIPR

Does Innovative Industrial Properties pay dividends?

Yes, Innovative Industrial Properties pays dividends. The last payment was $1.90, with an ex-dividend date on December 31, 2024

What sector is Innovative Industrial Properties in?

Innovative Industrial Properties is in the Real Estate sector

What industry is Innovative Industrial Properties in?

Innovative Industrial Properties is in the Industrial industry

What country is Innovative Industrial Properties based in?

Innovative Industrial Properties is headquartered in United States

When did Innovative Industrial Properties go public?

Innovative Industrial Properties's initial public offering (IPO) was on December 1, 2016

Is Innovative Industrial Properties in the S&P 500?

No, Innovative Industrial Properties is not included in the S&P 500 index

Is Innovative Industrial Properties in the NASDAQ 100?

No, Innovative Industrial Properties is not included in the NASDAQ 100 index

Is Innovative Industrial Properties in the Dow Jones?

No, Innovative Industrial Properties is not included in the Dow Jones index

When was Innovative Industrial Properties's last earnings report?

Innovative Industrial Properties's most recent earnings report was on Nov 6, 2024

When does Innovative Industrial Properties report earnings?

The next expected earnings date for Innovative Industrial Properties is Feb 27, 2025

Should I buy Innovative Industrial Properties stock now?

As of today, analysts generally recommend a 'Hold' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions