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Innovative Industrial Properties (IIPR) Stock

Profile

Industry:

Industrial

Country:

United States

IPO:

01 December 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

$109.02

TTM Dividend Yield

6.82%(-23.88% YoY)

Annual Revenue

$309.51 M(+11.99% YoY)

Annual EPS

$5.77(+4.53% YoY)

PE Ratio

19.40(+39.47% YoY)

Beta

0.80

Events Calendar

Earnings

Next earnings date:

Feb 27, 2025

Recent quarterly earnings:

Nov 06, 2024

Recent annual earnings:

Feb 26, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Sept 30, 2024
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

08 Nov '24 Piper Sandler
Neutral
08 Nov '24 Compass Point
Buy
09 Aug '24 Piper Sandler
Neutral
22 July '24 Roth MKM
Buy
07 Mar '24 Craig-Hallum
Hold
29 Feb '24 Piper Sandler
Neutral
06 Nov '23 Piper Sandler
Neutral
05 Sept '23 Compass Point
Neutral
30 June '23 Piper Sandler
Neutral
31 May '23 Piper Sandler
Overweight

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Institutional Ownership

The Schall Law Firm Invites Shareholder Participation In An Inquiry Into Innovative Industrial Properties, Inc. For Securities Law Violations
The Schall Law Firm Invites Shareholder Participation In An Inquiry Into Innovative Industrial Properties, Inc. For Securities Law Violations
The Schall Law Firm Invites Shareholder Participation In An Inquiry Into Innovative Industrial Properties, Inc. For Securities Law Violations
IIPR
accesswire.com30 November 2024

LOS ANGELES, CA / ACCESSWIRE / November 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR) for violations of the securities laws. According to the Complaint, the Company made false and misleading statements to the market.

Innovative Industrial Properties Inc Is Being Investigated For Defrauding The Public And Affected Investors Are Urged To Contact The Schall Law Firm
Innovative Industrial Properties Inc Is Being Investigated For Defrauding The Public And Affected Investors Are Urged To Contact The Schall Law Firm
Innovative Industrial Properties Inc Is Being Investigated For Defrauding The Public And Affected Investors Are Urged To Contact The Schall Law Firm
IIPR
accesswire.com29 November 2024

LOS ANGELES, CA / ACCESSWIRE / November 29, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR) for violations of the securities laws. According to the Complaint, the Company made false and misleading statements to the market.

The Schall Law Firm Invites Shareholder Contributions To An Inquiry Into Innovative Industrial Properties, Inc. For Securities Law Violations
The Schall Law Firm Invites Shareholder Contributions To An Inquiry Into Innovative Industrial Properties, Inc. For Securities Law Violations
The Schall Law Firm Invites Shareholder Contributions To An Inquiry Into Innovative Industrial Properties, Inc. For Securities Law Violations
IIPR
accesswire.com27 November 2024

LOS ANGELES, CA / ACCESSWIRE / November 27, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR) for violations of the securities laws. According to the Complaint, the Company made false and misleading statements to the market.

Innovative Industrial Properties Inc Is Being Investigated For Fraud And Investors With Losses Are Urged To Contact The Schall Law Firm
Innovative Industrial Properties Inc Is Being Investigated For Fraud And Investors With Losses Are Urged To Contact The Schall Law Firm
Innovative Industrial Properties Inc Is Being Investigated For Fraud And Investors With Losses Are Urged To Contact The Schall Law Firm
IIPR
accesswire.com26 November 2024

LOS ANGELES, CA / ACCESSWIRE / November 26, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR) for violations of the securities laws. According to the Complaint, the Company made false and misleading statements to the market.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Innovative Industrial Properties, Inc. - IIPR
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Innovative Industrial Properties, Inc. - IIPR
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Innovative Industrial Properties, Inc. - IIPR
IIPR
prnewswire.com25 November 2024

NEW YORK , Nov. 25, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Innovative Industrial Properties, Inc. ("IIP" or the "Company") (NYSE: IIPR).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.

Innovative Industrial Properties Inc Is Being Investigated For Fraud And Impacted Investors Are Urged To Contact The Schall Law Firm
Innovative Industrial Properties Inc Is Being Investigated For Fraud And Impacted Investors Are Urged To Contact The Schall Law Firm
Innovative Industrial Properties Inc Is Being Investigated For Fraud And Impacted Investors Are Urged To Contact The Schall Law Firm
IIPR
accesswire.com24 November 2024

LOS ANGELES, CA / ACCESSWIRE / November 24, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR) for violations of the securities laws. According to the Complaint, the Company made false and misleading statements to the market.

The Smartest Dividend Stocks to Buy With $3,000 Right Now
The Smartest Dividend Stocks to Buy With $3,000 Right Now
The Smartest Dividend Stocks to Buy With $3,000 Right Now
IIPR
fool.com24 November 2024

As the stock market has moved higher, one victim has been dividend yields. With the average payout for the S&P 500 down to just 1.25%, such stocks have lost a bit of appeal at a time when investors can earn a guaranteed return of around 5% in some certificates of deposit.

The Schall Law Firm Invites Stockholder Participation In An Inquiry Into Innovative Industrial Properties, Inc.'s Securities Law Violations
The Schall Law Firm Invites Stockholder Participation In An Inquiry Into Innovative Industrial Properties, Inc.'s Securities Law Violations
The Schall Law Firm Invites Stockholder Participation In An Inquiry Into Innovative Industrial Properties, Inc.'s Securities Law Violations
IIPR
accesswire.com23 November 2024

LOS ANGELES, CA / ACCESSWIRE / November 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR) for violations of the securities laws. According to the Complaint, the Company made false and misleading statements to the market.

Innovative Industrial Properties Inc Is Being Investigated For Securities Fraud And Impacted Investors Are Urged To Help The Schall Law Firm
Innovative Industrial Properties Inc Is Being Investigated For Securities Fraud And Impacted Investors Are Urged To Help The Schall Law Firm
Innovative Industrial Properties Inc Is Being Investigated For Securities Fraud And Impacted Investors Are Urged To Help The Schall Law Firm
IIPR
accesswire.com22 November 2024

LOS ANGELES, CA / ACCESSWIRE / November 22, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR) for violations of the securities laws. According to the Complaint, the Company made false and misleading statements to the market.

Innovative Industrial Properties Is Getting Higher On My List
Innovative Industrial Properties Is Getting Higher On My List
Innovative Industrial Properties Is Getting Higher On My List
IIPR
seekingalpha.com22 November 2024

Innovative Industrial Properties remains rated a 'hold' due to ongoing uncertainty in the cannabis market and mixed financial results despite attractive valuation. Recent quarter revenue dropped 1.7% year-over-year, with a decline in leased properties from 98.5% to 95.7%, raising concerns about tenant stability. Cannabis prices hit an all-time low, impacting tenant financial health; however, four major tenants showed improved revenue and cash flows year-over-year.

FAQ

  • What is the primary business of Innovative Industrial Properties?
  • 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 primary business of Innovative Industrial Properties?

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.

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 30 September 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 01 December 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 6 November 2024

When does Innovative Industrial Properties report earnings?

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

Should I buy Innovative Industrial Properties stock now?

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