United States

AFFO (TTM)

AFFO/share (TTM)

AFFO (Quarter)

AFFO/share (Quarter)

Price per share at the end of the period divided by the last reported earnings

Price/AFFO

Size (ft²)

Occupancy

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 the long-term ownership of cultivators’ mission-critical facilities.

Innovative Industrial Properties 

The main earnings metric reported by the REIT

If the REIT is managed by an internal (employees) or external (separate company) team

Period: 2023 Q4

Years since IPO: 7/15,
Adjusted FFO Growth: 13/15,
Adjusted FFO/share Growth: 18/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Period: 2024 Q1

Years since IPO: 10/15,
Adjusted FFO Growth: 10/15,
Adjusted FFO/share Growth: 15/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Period: 2024 Q2

Years since IPO: 10/15,
Adjusted FFO Growth: 15/15,
Adjusted FFO/share Growth: 15/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Period: 2024 Q3

Years since IPO: 10/15,
Adjusted FFO Growth: 15/15,
Adjusted FFO/share Growth: 15/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Period: 2024 Q4

Years since IPO: 10/15,
Adjusted FFO Growth: 10/15,
Adjusted FFO/share Growth: 15/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Period: 2025 Q1

Years since IPO: 10/15,
Adjusted FFO Growth: 10/15,
Adjusted FFO/share Growth: 15/20,
Dividend Growth: 20/20,
Payout Ratio: 10/15,
Debt: 15/15
            

Period: 2025 Q2

Years since IPO: 10/15,
Adjusted FFO Growth: 10/15,
Adjusted FFO/share Growth: 15/20,
Dividend Growth: 20/20,
Payout Ratio: 5/15,
Debt: 15/15
            

Period: 2025 Q3

Years since IPO: 10/15,
Adjusted FFO Growth: 10/15,
Adjusted FFO/share Growth: 15/20,
Dividend Growth: 20/20,
Payout Ratio: 0/15,
Debt: 15/15
            

Period: 2025 Q4

Years since IPO: 10/15,
Adjusted FFO Growth: 10/15,
Adjusted FFO/share Growth: 15/20,
Dividend Growth: 20/20,
Payout Ratio: 0/15,
Debt: 15/15
            

Period: 2026 Q1

Years since IPO: 10/15,
Adjusted FFO Growth: 0/15,
Adjusted FFO/share Growth: 0/20,
Dividend Growth: 20/20,
Payout Ratio: 0/15,
Debt: 15/15
            

Period: 2026 Q2

Years since IPO: 10/15,
Adjusted FFO Growth: 5/15,
Adjusted FFO/share Growth: 5/20,
Dividend Growth: 20/20,
Payout Ratio: 0/15,
Debt: 15/15
            

Period: 2026 Q3

Years since IPO: 10/15,
Adjusted FFO Growth: 5/15,
Adjusted FFO/share Growth: 5/20,
Dividend Growth: 20/20,
Payout Ratio: 0/15,
Debt: 15/15
            

The significance of a company's longevity in the market

Years since IPO

Evaluation of recent trends and improvements in the company's Adjusted FFO

Adjusted FFO Growth

Assessment of recent increases in Adjusted FFO per share, indicating profitability

Adjusted FFO/share Growth

Analysis of the recent Dividend track record

Dividend Growth

Payout level to determine if the dividend is safe

Payout Ratio

Examination of debt levels using Debt/Assets and Debt/EBITDA to ensure manageable leverage

Debt

Innovative Industrial Properties, Inc. (NYSE: IIPR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have issued a buy recommendation and one

Innovative Industrial Properties, Inc. (NYSE:IIPR) Stock Has Consensus Target Price of $51.81 According to Brokerages

Innovative Industrial committed up to $245 million in mezzanine financing to IQHQ affiliates for Alewife Park, a Cambridge life-sciences campus; about $111 million was funded at closing. Gross leasing activity reached 1.3 million square feet year to date.

Innovative Industrial: 3 Key Takeaways for Long-Term Investors

Innovative Industrial Properties NYSE: IIPR reported higher third-quarter revenue and adjusted funds from operations, supported by new leasing activity, rent recoveries and growing income from its life science investments. The cannabis-focused real estate investment trust also outlined further efforts to diversify into life science real estate financing and said it is working to re-lease properties recovered from former tenants.

Innovative Industrial Properties Q3 Earnings Call Highlights

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today results for the third quarter ended September 30, 2026. Executive Chairman Remarks “We are pleased to report strong earnings with our AFFO per share up 7% compared to the second quarter, and are encouraged by the continued leasing momentum across our portfolio, reflecting our team's ongoing efforts to re-lease properties,” said Alan Gold, Executive Chairman of IIP. “At the sa.

Innovative Industrial Properties Reports Third Quarter 2026 Results

Innovative Industrial Properties (NYSE: IIPR - Get Free Report) will likely be posting its Q3 2026 results after the market closes on Monday, November 2nd. Analysts expect the company to post earnings of $0.90 per share and revenue of $60.71 million for the quarter. Parties can check the company's upcoming Q3 2026 earnings report page for

Innovative Industrial Properties (IIPR) Expected to Post Earnings on Monday

Aggressive income investors could love this stock.

Here’s the Hands-Down Best Cannabis Stock for Dividend Investors

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it will report its third quarter 2026 results after the close of trading on the New York Stock Exchange on Monday, November 2, 2026.Management will host an investor conference call at 9:00 a.m. Pacific Time on Tuesday, November 3, 2026, to discuss the company's financial results and operations for the quarter.The call will be available through a live audio webcast at the Investor Relations secti.

Innovative Industrial Properties Announces Third Quarter 2026 Earnings Release Date and Conference Call

Marijuana stocks are entering a new phase as stronger consumer demand, regulatory progress, and improved access to U.S. capital markets compete with persistent pricing and profitability pressures. The cannabis industry is no longer driven solely by legalization headlines; investors increasingly distinguish disciplined operators from companies with excessive debt, weak margins, or limited cash flow.

Marijuana Stocks And The Cannabis Industry: What Investors Should Watch

Innovative Industrial Properties, Inc. (the âCompanyâ) (NYSE: IIPR) announced today the pricing of an underwritten public offering of 2,000,000 shares of it

Innovative Industrial Properties Prices Public Offering of 9.25% Series B Cumulative Redeemable Preferred Stock

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today the pricing of an underwritten public offering of 2,000,000 shares of its 9.25% Series B Cumulative Redeemable Preferred Stock, par value $0.001 per share (the “Series B Preferred Stock”), at a price of $25.00 per share, for gross proceeds of $50,000,000. The Company granted the underwriters of the offering a 30-day option to purchase up to an additional 300,000 shares of the Company'.

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today that it has commenced a public offering of its Series B Cumulative Redeemable Preferred Stock (“Series B Preferred Stock”). The Company expects to grant the underwriters a 30-day option to purchase additional shares to cover overallotments, if any. Currently no market exists for the Series B Preferred Stock. The Company plans to file an application to list the Series B Preferred Stock.

Innovative Industrial Properties Announces Launch of Series B Preferred Stock Offering

Americold Realty Trust (NYSE: COLD - Get Free Report) and Innovative Industrial Properties (NYSE: IIPR - Get Free Report) are both real estate companies, but which is the better investment? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, earnings, profitability, dividends, risk and institutional ownership. Dividends Americold Realty Trust pays

Innovative Industrial Properties (NYSE:IIPR) vs. Americold Realty Trust (NYSE:COLD) Financial Review

The two pot companies had higher second-quarter profit. Their balance sheets are stronger than other companies in the sector.

2 High-Octane Cannabis Stocks to Buy in October for Aggressive Investors

Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today that it entered into definitive agreements to provide $245 million

Innovative Industrial Properties Announces Mezzanine Loan Commitment of $245 Million for Alewife Park

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today that it entered into definitive agreements to provide $245 million under a new mezzanine loan commitment to affiliates of IQHQ, Inc. ("IQHQ") in connection with the completion, lease-up, tenant improvements and stabilization of Phase I of Alewife Park, a master-planned life science campus in Cambridge, Massachusetts (the "Investment"). The loan is secured by pledges of equity.

Innovative Industrial Properties, Inc. (NYSE: IIPR - Get Free Report) declared a quarterly dividend on Tuesday, September 15th. Investors of record on Wednesday, September 30th will be given a dividend of $1.90 per share on Thursday, October 15th. This represents a $7.60 dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date

Innovative Industrial Properties, Inc. (IIPR) To Go Ex-Dividend on September 30th

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”) announced today that its board of directors has declared a third quarter 2026 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. Since its inception in 2016, the Company has paid $1.2 billion in common stock dividends to its shareholders. Additionally, IIP announced today that its board of directors has declared a regular quarterly div.

Innovative Industrial Properties Declares Third Quarter 2026 Dividends

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 operators. Therefore, they can generate revenue without directly handling cannabis. This business structure has also made several cannabis REITs attractive dividend stocks. Many offer dividend yields considerably higher than those available from traditional income investments. As a result, income investors may find this small corner of the marijuana stock market especially interesting. However, higher dividend yields usually come with additional risks. Cannabis remains federally illegal in the United States. Consequently, marijuana businesses continue facing banking, financing, taxation, and regulatory challenges. These difficulties can also affect landlords and lenders serving the industry.

3 High-Dividend Marijuana Stocks to Watch in September 2026

SAN DIEGO--(BUSINESS WIRE)--INNOVATIVE INDUSTRIAL PROPERTIES, INC. (NYSE: IIPR) ("IIP" OR THE "COMPANY") ANNOUNCED TODAY RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2026. EXECUTIVE CHAIRMAN REMARKS WE ARE PLEASED TO REPORT STRONG EARNINGS WITH OUR AFFO PER SHARE UP 7% COMPARED TO THE SECOND QUARTER, AND ARE ENCOURAGED BY THE CONTINUED LEASING MOMENTUM ACROSS OUR PORTFOLIO, REFLECTING OUR TEAM'S ONGOING EFFORTS TO RE-LEASE PROPERTIES, SAID ALAN GOLD, EXECUTIVE CHAIRMAN OF IIP. AT THE SA.

INNOVATIVE INDUSTRIAL PROPERTIES REPORTS THIRD QUARTER 2026 RESULTS

SAN DIEGO--(BUSINESS WIRE)--INNOVATIVE INDUSTRIAL PROPERTIES, INC. (IIP) (NYSE: IIPR) ANNOUNCED TODAY IT WILL REPORT ITS THIRD QUARTER 2026 RESULTS AFTER THE CLOSE OF TRADING ON THE NEW YORK STOCK EXCHANGE ON MONDAY, NOVEMBER 2, 2026.MANAGEMENT WILL HOST AN INVESTOR CONFERENCE CALL AT 9:00 A.M. PACIFIC TIME ON TUESDAY, NOVEMBER 3, 2026, TO DISCUSS THE COMPANY'S FINANCIAL RESULTS AND OPERATIONS FOR THE QUARTER.THE CALL WILL BE AVAILABLE THROUGH A LIVE AUDIO WEBCAST AT THE INVESTOR RELATIONS SECTI.

INNOVATIVE INDUSTRIAL PROPERTIES ANNOUNCES THIRD QUARTER 2026EARNINGS RELEASE DATE AND CONFERENCE CALL

SAN DIEGO--(BUSINESS WIRE)--INNOVATIVE INDUSTRIAL PROPERTIES, INC. (THE COMPANY) (NYSE: IIPR) ANNOUNCED TODAY THE PRICING OF AN UNDERWRITTEN PUBLIC OFFERING OF 2,000,000 SHARES OF ITS 9.25% SERIES B CUMULATIVE REDEEMABLE PREFERRED STOCK, PAR VALUE $0.001 PER SHARE (THE SERIES B PREFERRED STOCK), AT A PRICE OF $25.00 PER SHARE, FOR GROSS PROCEEDS OF $50,000,000. THE COMPANY GRANTED THE UNDERWRITERS OF THE OFFERING A 30-DAY OPTION TO PURCHASE UP TO AN ADDITIONAL 300,000 SHARES OF THE COMPANY'.

INNOVATIVE INDUSTRIAL PROPERTIES PRICES PUBLIC OFFERING OF 9.25% SERIES B CUMULATIVE REDEEMABLE PREFERRED STOCK

SAN DIEGO--(BUSINESS WIRE)--INNOVATIVE INDUSTRIAL PROPERTIES, INC. (THE COMPANY) (NYSE: IIPR) ANNOUNCED TODAY THAT IT HAS COMMENCED A PUBLIC OFFERING OF ITS SERIES B CUMULATIVE REDEEMABLE PREFERRED STOCK (SERIES B PREFERRED STOCK). THE COMPANY EXPECTS TO GRANT THE UNDERWRITERS A 30-DAY OPTION TO PURCHASE ADDITIONAL SHARES TO COVER OVERALLOTMENTS, IF ANY. CURRENTLY NO MARKET EXISTS FOR THE SERIES B PREFERRED STOCK. THE COMPANY PLANS TO FILE AN APPLICATION TO LIST THE SERIES B PREFERRED STOCK.

INNOVATIVE INDUSTRIAL PROPERTIES ANNOUNCES LAUNCH OF SERIES B PREFERRED STOCK OFFERING

SAN DIEGO--(BUSINESS WIRE)--INNOVATIVE INDUSTRIAL PROPERTIES, INC. (NYSE: IIPR) ("IIP" OR THE "COMPANY") ANNOUNCED TODAY THAT IT ENTERED INTO DEFINITIVE AGREEMENTS TO PROVIDE $245 MILLION UNDER A NEW MEZZANINE LOAN COMMITMENT TO AFFILIATES OF IQHQ, INC. ("IQHQ") IN CONNECTION WITH THE COMPLETION, LEASE-UP, TENANT IMPROVEMENTS AND STABILIZATION OF PHASE I OF ALEWIFE PARK, A MASTER-PLANNED LIFE SCIENCE CAMPUS IN CAMBRIDGE, MASSACHUSETTS (THE "INVESTMENT"). THE LOAN IS SECURED BY PLEDGES OF EQUITY.

INNOVATIVE INDUSTRIAL PROPERTIES ANNOUNCES MEZZANINE LOAN COMMITMENT OF $245 MILLION FOR ALEWIFE PARK

SAN DIEGO--(BUSINESS WIRE)--INNOVATIVE INDUSTRIAL PROPERTIES, INC. (NYSE: IIPR) (IIP OR THE COMPANY) ANNOUNCED TODAY THAT ITS BOARD OF DIRECTORS HAS DECLARED A THIRD QUARTER 2026 DIVIDEND OF $1.90 PER SHARE OF COMMON STOCK, REPRESENTING AN ANNUALIZED DIVIDEND OF $7.60 PER COMMON SHARE. SINCE ITS INCEPTION IN 2016, THE COMPANY HAS PAID $1.2 BILLION IN COMMON STOCK DIVIDENDS TO ITS SHAREHOLDERS. ADDITIONALLY, IIP ANNOUNCED TODAY THAT ITS BOARD OF DIRECTORS HAS DECLARED A REGULAR QUARTERLY DIV.

INNOVATIVE INDUSTRIAL PROPERTIES DECLARES THIRD QUARTER 2026 DIVIDENDS

NYSE ISSUES A PRE-MARKET DAILY ADVISORY DIRECT FROM THE TRADING FLOOR. NEW YORK, AUG. 26, 2026 /PRNEWSWIRE/ -- THE NEW YORK STOCK EXCHANGE (NYSE) PROVIDES A DAILY PRE-MARKET UPDATE DIRECTLY FROM THE NYSE TRADING FLOOR.

GLEAN:GO BRINGS ENTERPRISE AI LEADERS TO SAN FRANCISCO: NYSE CONTENT UPDATE

SAN DIEGO--(BUSINESS WIRE)--INNOVATIVE INDUSTRIAL PROPERTIES, INC. (NYSE: IIPR) ("IIP" OR THE "COMPANY") ANNOUNCED TODAY RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2026. EXECUTIVE CHAIRMAN REMARKS OUR SECOND QUARTER ACTIVITY REFLECTS THE CONTINUED EXECUTION OF OUR STRATEGY ACROSS MULTIPLE FRONTS BY OUR MANAGEMENT TEAM. WE COMPLETED THE FUNDING OF OUR $270 MILLION INVESTMENT IN IQHQ, GENERATED MEANINGFUL LEASING MOMENTUM ACROSS OUR PORTFOLIO AND PROACTIVELY STRENGTHENED OUR BALANCE SHEET THR.

INNOVATIVE INDUSTRIAL PROPERTIES REPORTS SECOND QUARTER 2026 RESULTS

SAN DIEGO--(BUSINESS WIRE)--INNOVATIVE INDUSTRIAL PROPERTIES, INC. (IIP) (NYSE: IIPR) ANNOUNCED TODAY IT WILL REPORT ITS SECOND QUARTER 2026 RESULTS AFTER THE CLOSE OF TRADING ON THE NEW YORK STOCK EXCHANGE ON MONDAY, AUGUST 3, 2026. MANAGEMENT WILL HOST AN INVESTOR CONFERENCE CALL AT 9:00 A.M. PACIFIC TIME ON TUESDAY, AUGUST 4, 2026, TO DISCUSS THE COMPANY'S FINANCIAL RESULTS AND OPERATIONS FOR THE QUARTER. THE CALL WILL BE AVAILABLE THROUGH A LIVE AUDIO WEBCAST AT THE INVESTOR RELATIONS SECTI.

INNOVATIVE INDUSTRIAL PROPERTIES ANNOUNCES SECOND QUARTER 2026 EARNINGS RELEASE DATE AND CONFERENCE CALL

SAN DIEGO--(BUSINESS WIRE)--INNOVATIVE INDUSTRIAL PROPERTIES, INC. (NYSE: IIPR) (IIP OR THE COMPANY) ANNOUNCED TODAY THAT ITS BOARD OF DIRECTORS HAS DECLARED A SECOND QUARTER 2026 DIVIDEND OF $1.90 PER SHARE OF COMMON STOCK, REPRESENTING AN ANNUALIZED DIVIDEND OF $7.60 PER COMMON SHARE. SINCE ITS INCEPTION IN 2016, THE COMPANY HAS PAID $1.2 BILLION IN COMMON STOCK DIVIDENDS TO ITS SHAREHOLDERS.ADDITIONALLY, IIP ANNOUNCED TODAY THAT ITS BOARD OF DIRECTORS HAS DECLARED A REGULAR QUARTERLY DIVI.

Innovative Industrial Properties

IIPR

Price

Dividends

Yield

Dividends

No items found.

Financial Reports

No items found.

Diversification by Property Type

Diversification by Tenant Industry

Diversification by Country

Historical Scores

Press Releases

Related News, Articles and Videos

You might also be interested in

IIPR.css-1jgtvd5{-webkit-user-select:none;-moz-user-select:none;-ms-user-select:none;user-select:none;width:1em;height:1em;overflow:hidden;display:inline-block;text-align:center;-webkit-flex-shrink:0;-ms-flex-negative:0;flex-shrink:0;font-size:1.5rem;}

Price

Dividends

Yield

Dividends

No items found.

Financial Reports

No items found.

Diversification by Property Type

Diversification by Tenant Industry

Diversification by Country

Historical Scores

Press Releases

Related News, Articles and Videos

You might also be interested in

IIPR