Price
$59.16-6.14%Social Signal Score
Analyst Ratings
11 analystsRevenue
$63.31MAnalyst Estimates
Consensus estimates, not results. Via Financial Modeling Prep.
Company Profile
- CEO
- Paul E. Smithers
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Employees
- 24
- Beta
- 1.40
- Country
- US
- Piotroski score
- 6 / 9 (Middling)
- Altman Z-score
- 1.36
Financials
Revenue
$63.31M+19624.3%Net Income
$43.85MEBITDA
$71.00MFree Cash Flow
$47.87M+2727.3%EPS (diluted)
$1.36Shares Outstanding (diluted)
29.99M+795.3%Operating Expenses
$7.72MCash & Debt
$204.73MReturn of Capital
$146.07MDividend per Share
$1.90Quote
Valuation & Ratios
Returns & Efficiency
Revenue & Net Income (Annual)
| Fiscal Year | Revenue | Net Income | EPS |
|---|---|---|---|
| 2025 | $265.95M | $114.44M | $3.98 |
| 2024 | $308.52M | $161.66M | $5.58 |
| 2023 | $309.51M | $165.59M | $5.82 |
| 2022 | $276.36M | $154.39M | $5.57 |
| 2021 | $204.55M | $113.99M | $4.69 |
| 2020 | $116.90M | $65.73M | $3.28 |
| 2019 | $44.67M | $23.48M | $1.63 |
| 2018 | $14.79M | $6.99M | $0.98 |
| 2017 | $6.42M | $-72.0K | $-0.02 |
| 2016 | $321.0K | $-4.39M | $-4.56 |
| 2015 | $5.63M | $4.99M | $2.89 |
Valuation
Project earnings forward and see what return today's price implies.
Seeded from IIPR's reported EPS growth of 3.3% a year over 10 years.
- EPS in 5 years
- $4.81
- Implied price
- $57.68
- Return from $50.52
- 2.7% a year
To earn 15.0% a year on these assumptions you'd need to buy at $28.68 — -43.2% below today's price.
How sensitive is that answer?
Annual return across nearby assumptions. If the result is only attractive in one corner, that is the finding.
| growth \ P/E | 8 | 10 | 12 | 14 | 16 |
|---|---|---|---|---|---|
| -6.7% | -14.5% | -10.6% | -7.3% | -4.4% | -1.8% |
| -1.7% | -9.9% | -5.8% | -2.3% | 0.8% | 3.5% |
| 3.3% | -5.3% | -1.0% | 2.7% | 5.9% | 8.8% |
| 8.3% | -0.7% | 3.8% | 7.7% | 11.0% | 14.0% |
| 13.3% | 3.9% | 8.6% | 12.6% | 16.2% | 19.3% |
This is arithmetic on assumptions you chose, not a forecast or a recommendation. It ignores dividends, buybacks, share issuance and debt, and it assumes a company still earning money in 5 years. Change any input and the answer changes a lot — that sensitivity is the honest result, not a flaw in the model.
Signal Score (90d)
100+0.00%Social Signal Score
Mentions (10)
- Newsseekingalpha.com·22h ago·Neutral
…tive Industrial Properties has seen its dividend yield grow to 15% with adjusted FFO coverage expanding, despite recent tenant defaults and surging Treasury yields. IIPR's second-quarter revenue grew 0.7% year-over-year to $63.32 million, with adjusted FFO at $1.83 per share, supporting a 96.32% dividend coverage ratio. Parallel tenant default impacts 5.1% of base rent, but IIPR expects Florida market strength to aid re-tenanting and continues diversifying into life sciences.
View source ↗ - Newszacks.com·6d ago·Neutral
Innovative Industrial Properties (IIPR) Sees a More Significant Dip Than Broader Market: Some Facts to Know Innovative Industrial Properties (IIPR) closed the most recent trading day at $54.51, moving 1.27% from the previous trading session.
View source ↗ - Newsseekingalpha.com·8d ago·Neutral
… risk. Q2 revenue and AFFO declined sequentially, driven by additional tenant defaults, with AFFO coverage of the dividend remaining insufficient on a nominal basis. IIPR is transitioning into the life science sector, targeting a 14% yield on new investments, while actively recycling capital from property sales.
View source ↗ - Newszacks.com·17d ago·Neutral
Innovative Industrial Properties (IIPR) Stock Sinks As Market Gains: Here's Why Innovative Industrial Properties (IIPR) reached $55.62 at the closing of the latest trading day, reflecting a -1.44% change compared to its last close.
View source ↗ - Newszacks.com·24d ago·Negative
Innovative Industrial Properties (IIPR) Laps the Stock Market: Here's Why Innovative Industrial Properties (IIPR) reached $56.25 at the closing of the latest trading day, reflecting a +1.17% change compared to its last close.
View source ↗ - Newsmarijuanastocks.com·25d ago·Neutral
3 High-Dividend Marijuana Stocks to Watch in September 2026 The cannabis sector continues to evolve as investors search for opportunities beyond traditional marijuana producers and dispensary operators. One area attracting attention is cannabis real estate investment trusts, or cannabis REITs. These companies offer investors another way to participate in the expanding legal cannabis industry. Instead of selling marijuana products, cannabis REITs provide real estate and financing to licensed oper
View source ↗ - Newsseekingalpha.com·31d ago·Positive
…tive Industrial Properties offers a high double-digit dividend yield, supported by a conservatively leveraged balance sheet and sector-specific regulatory tailwinds. IIPR trades at a 13.4% yield, with a strong buy rating reiterated based on its risk-adjusted upside and potential for re-rating as AFFO improves. Tenant concentration and cannabis sector volatility remain key risks, but low leverage (1.7x debt/EBITDA) provides significant flexibility versus net lease peers.
View source ↗ - Newszacks.com·33d ago·Neutral
Why Is Innovative Industrial Properties (IIPR) Down 6.9% Since Last Earnings Report? Innovative Industrial Properties (IIPR) reported earnings 30 days ago. What's next for the stock?
View source ↗ - Newszacks.com·47d ago·Positive
Down 12.9% in 4 Weeks, Here's Why You Should You Buy the Dip in Innovative Industrial Properties (IIPR) The heavy selling pressure might have exhausted for Innovative Industrial Properties (IIPR) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
View source ↗ - Newsseekingalpha.com·59d ago·Neutral
1 REIT To Sell And 1 Better REIT To Buy Not all REITs are equally attractive. Capital recycling is key to maximizing returns. I present an example of a REIT to sell and one to buy.
View source ↗
Earnings
Mon, Nov 2(in 4 weeks)
Consensus estimate $0.90 per share
Typical surprise -2.8% (median, so one quarter with a near-zero estimate can't distort it)
- Mon, Aug 3$1.36 vs $1.02beat
- Mon, May 4$1.04 vs $1.07miss
- Mon, Feb 23$1.07 vs $1.05beat
- Mon, Nov 3$1.01 vs $1.05miss
- Wed, Aug 6$0.87 vs $0.91miss
- Wed, May 7$1.05 vs $1.15miss
Estimates and results for IIPR via Financial Modeling Prep. Beating consensus says the company cleared the bar analysts set, not that the business grew.
Insider trading
Open-market buys and sells by IIPR officers and directors.
- Bought
- $469k
- Sold
- $839k
7 trades
4 trades
- Shoemaker Scottsold
- Ives Bruce Alanbought
- Gold Alan Dbought
- Gold Alan Dbought
- Smith David Jonbought
- Gold Alan Dbought
- Stecher Davidsold
- Stecher Davidsold
89 further Form 4 entries are share awards, option exercises or shares withheld for tax. Those are compensation, not trades, so they are excluded above. Buying is the stronger signal: an insider spends their own money for one reason. Selling has many innocent explanations — tax, diversifying, a house — so it says far less than it appears to. Via SEC filings.
Congress trades
- Daniel Goldmanhouse · NY10 · disclosed Aug 13, 2023 (32d later)Sell$1,001 - $15,000
- Daniel Goldmanhouse · NY10 · disclosed May 19, 2023 (39d later)Sell$1,001 - $15,000
- Chris Jacobshouse · NY27 · disclosed Nov 16, 2022 (35d later)Buy$1,001 - $15,000
- Chris Jacobshouse · NY27 · disclosed Sep 9, 2022 (53d later)Sell$1,001 - $15,000
Self-reported filings, amounts as brackets. Via Senate/House disclosures.