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Innovative Industrial Properties

IIPR

Innovative Industrial Properties, Inc. targets medical-use cannabis facilities for acquisition, including sale-leaseback transactions, with tenants that are licensed growers under long-term, triple-net leases. We believe this industry is poised for significant growth in coming years, and our highly experienced management team is focused on being a creative capital provider to this industry through… read more

Industrial

8 years

USD

Adjusted FFO

Internal

N/A

82

/100

Price

per share adjusted in USD

$53.56

Price

+0.34%

$0.18

Market Cap

$1.517b

Small

1%

% sector
Price/AFFO

6x

17.5x

5y Avg

19x

Sector Avg

Dividends

Ex-Dividend: March 31, 25

14.19%

Yield

$7.60

Dividend

+4.40%

Forward Dividend Growth

+4.4%

+10.4%

3y CAGR

+14.8%

5y CAGR
Payout

84.7%

84.4%

Payout 5y

68.1%

Sector Avg
Yield
Benchmark

Dividends

No items found.

Financials Overview

Q4 2024

Last Report

May 07, 2025

Next Earnings
AFFO

$256.144m

-0.1%

1y CAGR

+14.4%

3y CAGR

+30.4%

5y CAGR
AFFO/share

$8.97

-1.2%

1y CAGR

+11.0%

3y CAGR

+16.5%

5y CAGR
Debt to Assets

12.6%

-

Debt to EBITDA

-

Int. Coverage

5.50%

Int. Rate
Size

8.5ft²

+3.7%

1y CAGR

+3.2%

3y CAGR

+12.0%

5y CAGR
Occupancy

98.3%

109

Properties
Largest Tenant (%)

16.3%

PharmaCann

Largest Tenant

13.7y

WALE

Financial Reports

Adjusted FFO and other important metrics. Amounts in U.S. Dollar (USD)
No items found.
Diversification by Property Type
% of Revenue

Industrial

100.0%

Diversification by Tenant Industry
% of Revenue

Cannabis

100.0%

Diversification by Country
1 Country

United States

8.5ft²

Size
Press Releases
Related News, Articles and Videos

Historical Scores

Over the past few quarters
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