United States

AFFO (TTM)

AFFO/share (TTM)

AFFO/share Guidance

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: 2022 Q2

Years since IPO: 7/15,
Adjusted FFO Growth: 10/15,
Adjusted FFO/share Growth: 15/20,
Dividend Growth: 15/20,
Payout Ratio: 5/15,
Debt: 15/15
            

Period: 2022 Q3

Years since IPO: 7/15,
Adjusted FFO Growth: 10/15,
Adjusted FFO/share Growth: 15/20,
Dividend Growth: 20/20,
Payout Ratio: 10/15,
Debt: 15/15
            

Period: 2022 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: 2023 Q1

Years since IPO: 7/15,
Adjusted FFO Growth: 10/15,
Adjusted FFO/share Growth: 15/20,
Dividend Growth: 15/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Period: 2023 Q2

Years since IPO: 7/15,
Adjusted FFO Growth: 10/15,
Adjusted FFO/share Growth: 15/20,
Dividend Growth: 15/20,
Payout Ratio: 15/15,
Debt: 15/15
            

Period: 2023 Q3

Years since IPO: 7/15,
Adjusted FFO Growth: 10/15,
Adjusted FFO/share Growth: 15/20,
Dividend Growth: 15/20,
Payout Ratio: 15/15,
Debt: 15/15
            

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: 7/15,
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
            

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

Is it safe to invest in marijuana stocks with the entire sector trading at all-time lows? If the legal market is profitable and companies are performing well, why are the top marijuana stocks not trading? These are just some of the questions that plague investors and shareholders. The answer is not so simple, which can make things a bit more complex to understand. Although legal cannabis as a business is thriving and growing in all areas, this has not translated to the public sector so well.

3 Marijuana Stocks For Cannabis Real Estate Investors

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today results for the first quarter ended March 31, 2025. First Quarter 2025 and Year-to-Date Highlights Financial Results and Dividend Total revenues of $71.7 million for the quarter. Net income attributable to common stockholders of $30.3 million for the quarter.

Innovative Industrial Properties Reports First Quarter 2025 Results

REIT stocks offer investors access to pools of Real Estate rent roll income without the headaches and responsibilities of having to manage physical real estate or its corresponding paperwork.

Better High-Yield Dividend Stock: Medical Properties Trust (MPW) Vs. Innovative Industrial Properties (IIPR)

The U.S. cannabis industry continues expanding rapidly, with projections suggesting it could reach $45 billion by 2025. More states are legalizing cannabis for medical and recreational use, boosting demand across the nation. Currently, 24 states allow adult-use cannabis, supporting thousands of dispensaries and grow operations. Additionally, the industry provides over 440,000 full-time jobs, strengthening its economic importance. Meanwhile, recent developments in federal policy signal possible changes ahead. Lawmakers are pushing for cannabis reform, and discussions around federal reclassification have gained momentum. As a result, investor interest is rising steadily, especially in real estate tied to cannabis operations. However, navigating this evolving market requires careful attention and research. Therefore, focusing on cannabis REITs with proven portfolios and strong tenants remains a smart strategy. In particular, companies that operate across multiple states offer added stability and diversification.

Top Cannabis REITs to Watch for High Dividends and Long-Term Growth in 2025

Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it will report its first quarter 2025 results after the close of trading on the New York Stock Exchange on Wednesday, May 7, 2025.

Innovative Industrial Properties, Inc. (IIPR) Announces First Quarter 2025 Earnings Release Date and Conference Call

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it will report its first quarter 2025 results after the close of trading on the New York Stock Exchange on Wednesday, May 7, 2025. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 9:00 a.m. Pacifi.

Innovative Industrial Properties Announces First Quarter 2025 Earnings Release Date and Conference Call

The one event that strikes true fear into the heart of real estate investment trust (REIT) investors is the tenant default.

Why Shares of Innovative Industrial Properties Sank This Week

The cannabis sector has, in a cliche way, grown from the ground up. With many hurdles, the legal market worldwide has come a long way. Yet there has been more invested interest is towards in the future of this space. From preserving what once was and integrating up-to-date and more current methods at every step of the process.

3 Marijuana Stocks That Could Be Top Market Performers

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR), a leading real estate investment trust specializing in the regulated cannabis industry, today announced a significant tenant replacement and renewal initiative aimed at enhancing the performance of its real estate portfolio and driving long-term value for shareholders. This initiative focuses on strengthening tenant credit profiles and optimizing occupancy of the Company's properties to align with evolving ma.

Innovative Industrial Properties Reports Defaults by Tenants

NEW YORK, March 24, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Innovative Industrial Properties, Inc. (NYSE:IIPR) on behalf of long-term stockholders following a class action complaint that was filed against IIPR on January 17, 2025 with a Class Period from February 27, 2024 to December 19, 2024.

IIPR ALERT: Bragar Eagel & Squire, P.C. is Investigating Innovative Industrial Properties, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Real estate investment trusts (REIT) are a favorite target of income-seeking investors, since the law requires them to distribute most of their earnings as dividends to maintain their tax-advantaged status. However, even REITs face issues that put their dividend programs in danger, sometimes leading to decreased payouts.

Better Beaten-Down Dividend Stock to Buy: Innovative Industrial Properties or Medical Properties Trust?

SAN DIEGO--(BUSINESS WIRE)--INNOVATIVE INDUSTRIAL PROPERTIES, INC. (NYSE: IIPR) (IIP OR THE COMPANY), THE FIRST AND ONLY REAL ESTATE COMPANY ON THE NEW YORK STOCK EXCHANGE FOCUSED ON THE REGULATED U.S. CANNABIS INDUSTRY, ANNOUNCED TODAY RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2025. FIRST QUARTER 2025 AND YEAR-TO-DATE HIGHLIGHTS FINANCIAL RESULTS AND DIVIDEND TOTAL REVENUES OF $71.7 MILLION FOR THE QUARTER. NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $30.3 MILLION FOR THE QUARTER.

INNOVATIVE INDUSTRIAL PROPERTIES REPORTS FIRST QUARTER 2025 RESULTS

SAN DIEGO--(BUSINESS WIRE)--INNOVATIVE INDUSTRIAL PROPERTIES, INC. (IIP) (NYSE: IIPR) ANNOUNCED TODAY IT WILL REPORT ITS FIRST QUARTER 2025 RESULTS AFTER THE CLOSE OF TRADING ON THE NEW YORK STOCK EXCHANGE ON WEDNESDAY, MAY 7, 2025. ALAN GOLD, EXECUTIVE CHAIRMAN, PAUL SMITHERS, PRESIDENT AND CHIEF EXECUTIVE OFFICER, DAVID SMITH, CHIEF FINANCIAL OFFICER, CATHERINE HASTINGS, CHIEF OPERATING OFFICER, AND BEN REGIN, CHIEF INVESTMENT OFFICER, WILL HOST AN INVESTOR CONFERENCE CALL AT 9:00 A.M. PACIFI.

INNOVATIVE INDUSTRIAL PROPERTIES ANNOUNCES FIRST QUARTER 2025 EARNINGS RELEASE DATE AND CONFERENCE CALL

SAN DIEGO--(BUSINESS WIRE)--INNOVATIVE INDUSTRIAL PROPERTIES, INC. (IIP) (NYSE: IIPR), A LEADING REAL ESTATE INVESTMENT TRUST SPECIALIZING IN THE REGULATED CANNABIS INDUSTRY, TODAY ANNOUNCED A SIGNIFICANT TENANT REPLACEMENT AND RENEWAL INITIATIVE AIMED AT ENHANCING THE PERFORMANCE OF ITS REAL ESTATE PORTFOLIO AND DRIVING LONG-TERM VALUE FOR SHAREHOLDERS. THIS INITIATIVE FOCUSES ON STRENGTHENING TENANT CREDIT PROFILES AND OPTIMIZING OCCUPANCY OF THE COMPANY'S PROPERTIES TO ALIGN WITH EVOLVING MA.

INNOVATIVE INDUSTRIAL PROPERTIES REPORTS DEFAULTS BY TENANTS

NEW YORK, NY / ACCESS NEWSWIRE / MARCH 18, 2025 / IF YOU SUFFERED A LOSS ON YOUR INNOVATIVE INDUSTRIAL PROPERTIES, INC. (NYSE:IIPR) INVESTMENT AND WANT TO LEARN ABOUT A POTENTIAL RECOVERY UNDER THE FEDERAL SECURITIES LAWS, FOLLOW THE LINK BELOW FOR MORE INFORMATION: HTTPS://ZLK.COM/PSLRA-1/INNOVATIVE-INDUSTRIAL-PROPERTIES-INC-LAWSUIT-SUBMISSION-FORM?PRID=136948&WIRE=1 OR CONTACT JOSEPH E. LEVI, ESQ.

INVESTORS IN INNOVATIVE INDUSTRIAL PROPERTIES, INC. SHOULD CONTACT LEVI & KORSINSKY BEFORE MARCH 18, 2025 TO DISCUSS YOUR RIGHTS - IIPR

NEW YORK, NY / ACCESS NEWSWIRE / MARCH 18, 2025 / IF YOU SUFFERED A LOSS ON YOUR INNOVATIVE INDUSTRIAL PROPERTIES, INC. (NYSE:IIPR) INVESTMENT AND WANT TO LEARN ABOUT A POTENTIAL RECOVERY UNDER THE FEDERAL SECURITIES LAWS, FOLLOW THE LINK BELOW FOR MORE INFORMATION: HTTPS://ZLK.COM/PSLRA-1/INNOVATIVE-INDUSTRIAL-PROPERTIES-INC-LAWSUIT-SUBMISSION-FORM?PRID=136926&WIRE=1 OR CONTACT JOSEPH E. LEVI, ESQ.

SHAREHOLDERS OF INNOVATIVE INDUSTRIAL PROPERTIES, INC. SHOULD CONTACT LEVI & KORSINSKY BEFORE MARCH 18, 2025 TO DISCUSS YOUR RIGHTS - IIPR

INVESTORS CAN CONTACT THE LAW FIRM AT NO COST TO LEARN MORE ABOUT RECOVERING THEIR LOSSES

INNOVATIVE INDUSTRIAL PROPERTIES, INC. INVESTORS: PLEASE CONTACT THE PORTNOY LAW FIRM TO RECOVER YOUR LOSSES. MARCH 18, 2025 DEADLINE TO FILE LEAD PLAINTIFF MOTION

NEW YORK, NY / ACCESS NEWSWIRE / MARCH 18, 2025 / IF YOU SUFFERED A LOSS ON YOUR INNOVATIVE INDUSTRIAL PROPERTIES, INC. (NYSE:IIPR) INVESTMENT AND WANT TO LEARN ABOUT A POTENTIAL RECOVERY UNDER THE FEDERAL SECURITIES LAWS, FOLLOW THE LINK BELOW FOR MORE INFORMATION: HTTPS://ZLK.COM/PSLRA-1/INNOVATIVE-INDUSTRIAL-PROPERTIES-INC-LAWSUIT-SUBMISSION-FORM?PRID=136849&WIRE=1 OR CONTACT JOSEPH E. LEVI, ESQ.

INNOVATIVE INDUSTRIAL PROPERTIES, INC. SUED FOR SECURITIES LAW VIOLATIONS - INVESTORS SHOULD CONTACT LEVI & KORSINSKY FOR MORE INFORMATION - IIPR

NEW YORK , MARCH 18, 2025 /PRNEWSWIRE/ -- LEVI &KORSINSKY, LLP NOTIFIES INVESTORS IN INNOVATIVE INDUSTRIAL PROPERTIES, INC. ("INNOVATIVE INDUSTRIAL PROPERTIES" OR THE "COMPANY") (NYSE: IIPR) OF A CLASS ACTION SECURITIES LAWSUIT. CLASS DEFINITION: THE LAWSUIT SEEKS TO RECOVER LOSSES ON BEHALF OF INNOVATIVE INDUSTRIAL PROPERTIES INVESTORS WHO WERE ADVERSELY AFFECTED BY ALLEGED SECURITIES FRAUD BETWEEN FEBRUARY 27, 2024 AND DECEMBER 19, 2024.

NEW YORK, NY / ACCESS NEWSWIRE / MARCH 16, 2025 / IF YOU SUFFERED A LOSS ON YOUR INNOVATIVE INDUSTRIAL PROPERTIES, INC. (NYSE:IIPR) INVESTMENT AND WANT TO LEARN ABOUT A POTENTIAL RECOVERY UNDER THE FEDERAL SECURITIES LAWS, FOLLOW THE LINK BELOW FOR MORE INFORMATION: HTTPS://ZLK.COM/PSLRA-1/INNOVATIVE-INDUSTRIAL-PROPERTIES-INC-LAWSUIT-SUBMISSION-FORM?PRID=136279&WIRE=1 OR CONTACT JOSEPH E. LEVI, ESQ.

INNOVATIVE INDUSTRIAL PROPERTIES, INC. SUED FOR SECURITIES LAW VIOLATIONS - CONTACT LEVI & KORSINSKY BEFORE MARCH 18, 2025 TO DISCUSS YOUR RIGHTS - IIPR

NEW YORK, NY / ACCESS NEWSWIRE / MARCH 15, 2025 / IF YOU SUFFERED A LOSS ON YOUR INNOVATIVE INDUSTRIAL PROPERTIES, INC. (NYSE:IIPR) INVESTMENT AND WANT TO LEARN ABOUT A POTENTIAL RECOVERY UNDER THE FEDERAL SECURITIES LAWS, FOLLOW THE LINK BELOW FOR MORE INFORMATION: HTTPS://ZLK.COM/PSLRA-1/INNOVATIVE-INDUSTRIAL-PROPERTIES-INC-LAWSUIT-SUBMISSION-FORM?PRID=136250&WIRE=1 OR CONTACT JOSEPH E. LEVI, ESQ.

Innovative Industrial Properties

IIPR

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Financials Overview

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Price

Dividends

Yield

Dividends

No items found.

Financials Overview

Financials Overview

Financial Reports

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Diversification by Property Type

Diversification by Tenant Industry

Diversification by Country

Press Releases

Related News, Articles and Videos

Historical Scores

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IIPR