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 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: 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
            

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 (NYSE: IIPR - Get Free Report) and Frasers Logistics and Commercial Trust (OTCMKTS:FRLOF - 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 valuation, risk, earnings, analyst recommendations, dividends, institutional ownership and profitability. Analyst Ratings This

Comparing Innovative Industrial Properties (NYSE:IIPR) and Frasers Logistics & Commercial Trust (OTCMKTS:FRLOF)

We need to talk about four of the cheapest dividend payers on the planet. I'm talking about blue-light bargain valuations and, our favorite, serious high yields!

4 Rare Discount Dividends Paying Up To 12.6%

Innovative Industrial Properties (NYSE: IIPR) reported second-quarter revenue of $63.3 million and adjusted funds from operations of $53 million, or $1.83 per diluted share, as the cannabis-focused real estate investment trust advanced leasing efforts, completed a major life sciences investment commitment and refinanced its balance sheet. Revenue declined from $69 million in the first quarter, while

Innovative Industrial Properties Q2 Earnings Call Highlights

Innovative Industrial Properties NYSE: IIPR reported second-quarter revenue of $63.3 million and adjusted funds from operations of $53 million, or $1.83 per diluted share, as the cannabis-focused real estate investment trust advanced leasing efforts, completed a major life sciences investment commitment and refinanced its balance sheet.

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

On July 31, 2026, Innovative Industrial Properties Inc (IIPR) shares fell 3.2% to a current price of $58.81, reflecting a challenging market sentiment. Over the

Innovative Industrial Properties Inc (IIPR) Stock Down 3.2% -- Now Undervalued? GF Score: 78/100

Arrowstreet Capital Limited Partnership increased its stake in Innovative Industrial Properties, Inc. (NYSE: IIPR) by 3,423.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 539,600 shares of the company's stock after purchasing an additional 524,284 shares during the quarter. Arrowstreet Capital Limited

Arrowstreet Capital Limited Partnership Raises Position in Innovative Industrial Properties, Inc. $IIPR

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 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 DECLARES SECOND QUARTER 2026 DIVIDENDS

SAN DIEGO--(BUSINESS WIRE)--INNOVATIVE INDUSTRIAL PROPERTIES, INC. (THE COMPANY) (NYSE: IIPR) ANNOUNCED TODAY THE PRICING OF A PRIVATE OFFERING OF $350.0 MILLION AGGREGATE PRINCIPAL AMOUNT OF 6.0% EXCHANGEABLE SENIOR NOTES DUE 2029 (THE NOTES) OF ITS OPERATING PARTNERSHIP, IIP OPERATING PARTNERSHIP, LP (THE OPERATING PARTNERSHIP). THE OFFERING WAS UPSIZED FROM THE PREVIOUSLY ANNOUNCED OFFERING SIZE OF $250.0 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF NOTES. THE OFFERING IS EXPECTED TO CLOSE.

INNOVATIVE INDUSTRIAL PROPERTIES PRICES UPSIZED PRIVATE OFFERING OF EXCHANGEABLE SENIOR NOTES DUE 2029

SAN DIEGO--(BUSINESS WIRE)--INNOVATIVE INDUSTRIAL PROPERTIES, INC. (THE COMPANY) (NYSE: IIPR) ANNOUNCED TODAY THAT ITS OPERATING PARTNERSHIP, IIP OPERATING PARTNERSHIP, LP (THE OPERATING PARTNERSHIP), INTENDS TO OFFER, SUBJECT TO MARKET AND OTHER CONDITIONS, $250.0 MILLION AGGREGATE PRINCIPAL AMOUNT OF EXCHANGEABLE SENIOR NOTES DUE 2029 (THE NOTES) IN A PRIVATE PLACEMENT. THE OPERATING PARTNERSHIP ALSO INTENDS TO GRANT THE INITIAL PURCHASERS OF THE NOTES A 13-DAY OPTION TO PURCHASE UP TO.

INNOVATIVE INDUSTRIAL PROPERTIES ANNOUNCES LAUNCH OF $250.0 MILLION EXCHANGEABLE SENIOR NOTES OFFERING

SAN DIEGO--(BUSINESS WIRE)--INNOVATIVE INDUSTRIAL PROPERTIES, INC. (IIP) (NYSE: IIPR) ANNOUNCED TODAY IT HAS FULLY REPAID ITS OUTSTANDING $282 MILLION OF 5.50% SENIOR NOTES DUE MAY 2026, SATISFYING A SIGNIFICANT PUBLIC DEBT MATURITY FOR THE COMPANY. THE REPAYMENT WAS COMPLETED THROUGH CASH ON HAND, AVAILABILITY UNDER THE COMPANY'S REVOLVING CREDIT FACILITIES AND PROCEEDS FROM RECENTLY CLOSED TERM LOANS. REPAYING THIS BOND MATURITY REPRESENTS A MEANINGFUL MILESTONE FOR IIP, WHICH REFLECTS THE S.

INNOVATIVE INDUSTRIAL PROPERTIES ANNOUNCES FULL REPAYMENT OF $282 MILLION OF SENIOR NOTES

SAN DIEGO--(BUSINESS WIRE)--INNOVATIVE INDUSTRIAL PROPERTIES, INC. (IIP) (NYSE: IIPR) ANNOUNCED TODAY IT HAS CLOSED ON FOUR SECURED TERM LOANS TOTALING $44.9 MILLION IN GROSS PROCEEDS (THE LOANS). THE LOANS HAVE AN INITIAL TERM OF FIVE YEARS, BEAR INTEREST AT A FIXED RATE OF 6.67% AND ARE SECURED BY CERTAIN PROPERTIES OF THE COMPANY. THE PROCEEDS FROM THE LOANS ARE EXPECTED TO BE USED TO PAY OFF THE COMPANY'S UNSECURED NOTES THAT ARE MATURING AT THE END OF THIS MONTH. THIS FINANCING REFLECTS.

INNOVATIVE INDUSTRIAL PROPERTIES ANNOUNCES CLOSING OF $45 MILLION IN SECURED TERM LOANS

SAN DIEGO--(BUSINESS WIRE)--INNOVATIVE INDUSTRIAL PROPERTIES, INC. (IIP) (NYSE: IIPR) ANNOUNCED TODAY IT HAS CLOSED ON A $56.5 MILLION SECURED TERM LOAN (THE LOAN). THE LOAN HAS AN INITIAL TERM OF THREE YEARS, BEARS INTEREST AT THE ONE-MONTH SECURED OVERNIGHT FINANCING RATE (SOFR) PLUS A SPREAD OF 500 BASIS POINTS, IS INTEREST ONLY AND IS SECURED BY CERTAIN PROPERTIES OF THE COMPANY. THE PROCEEDS FROM THE LOAN ARE EXPECTED TO BE USED TO PAY OFF THE COMPANY'S UNSECURED NOTES THAT ARE MATURING.

INNOVATIVE INDUSTRIAL PROPERTIES ANNOUNCES CLOSING OF $56.5 MILLION SECURED TERM LOAN

SAN DIEGO--(BUSINESS WIRE)--INNOVATIVE INDUSTRIAL PROPERTIES, INC. (NYSE: IIPR) ("IIP" OR THE "COMPANY") ANNOUNCED TODAY RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2026. EXECUTIVE CHAIRMAN REMARKS WE ARE ENCOURAGED BY THE PACE OF LEASING ACTIVITY YEAR-TO-DATE, INCLUDING NEARLY 400,000 SQUARE FEET OF EXECUTED LEASES, WHICH UNDERSCORES THE ONGOING DEMAND FOR OUR PROPERTIES," SAID ALAN GOLD, EXECUTIVE CHAIRMAN OF IIP. "AT THE SAME TIME, WE HAVE TAKEN DELIBERATE STEPS TO FORTIFY OUR BALANCE SHE.

INNOVATIVE INDUSTRIAL PROPERTIES REPORTS FIRST QUARTER 2026 RESULTS

SAN DIEGO--(BUSINESS WIRE)--INNOVATIVE INDUSTRIAL PROPERTIES, INC. (IIP) (NYSE: IIPR) ANNOUNCED TODAY IT WILL REPORT ITS FIRST QUARTER 2026 RESULTS AFTER THE CLOSE OF TRADING ON THE NEW YORK STOCK EXCHANGE ON MONDAY, MAY 4, 2026. MANAGEMENT WILL HOST AN INVESTOR CONFERENCE CALL AT 9:00 A.M. PACIFIC TIME ON TUESDAY, MAY 5, 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 SECTION OF T.

Innovative Industrial Properties

IIPR

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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;}

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