Logo

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

90

/100

Price

per share adjusted in USD

$68.11

Price

+1.75%

$1.17

Market Cap

$1.930b

Small

1%

% sector
Price/AFFO

7.5x

19.2x

5y Avg

15.2x

Sector Avg
Returns
Adjusted for dividends

Dividends

Ex-Dividend: December 31, 24

11.16%

Yield

$7.60

Dividend

+4.40%

Forward Dividend Growth

+4.4%

+10.4%

3y CAGR

+14.8%

5y CAGR
Payout

84.2%

84.1%

Payout 5y

63.2%

Sector Avg
Yield
Benchmark

Dividends

No items found.

Financials Overview

Q3 2024

Last Report

Feb 24, 2025

Next Earnings
AFFO

$257.121m

+0.2%

1y CAGR

+14.5%

3y CAGR

+30.5%

5y CAGR
AFFO/share

$9.03

-0.5%

1y CAGR

+11.3%

3y CAGR

+16.7%

5y CAGR
Debt to Assets

12.5%

-

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

95.7%

108

Properties
Largest Tenant (%)

16.5%

PharmaCann

Largest Tenant

14y

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

8.3ft²

Size
Press Releases
Related News, Articles and Videos

Historical Scores

Over the past few quarters
You might also be interested in
Logo

PLD

Industrial
Logo

LINE

Industrial
Logo

REXR

Industrial
Logo

EGP

Industrial
Logo

FR

Industrial
Logo

AMT

Infra
↑ TopSummaryPriceDividendsFinancialsDiversificationPress ReleasesNewsSimilar REITs↑ Top