This Stock Offers a 13.41% Yield and is Priced Below Its Book Value
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 18 2025
0mins
Source: NASDAQ.COM
Dividend Investing Strategy: Dividend investors focus on identifying profitable companies with attractive valuations, utilizing a proprietary DividendRank formula to generate a list of promising stocks for further research.
REITs and Dividend Payments: Real Estate Investment Trusts (REITs) are favored by dividend investors due to their requirement to distribute at least 90% of taxable income as dividends, though this can lead to volatility in dividend payments.
Innovative Industrial Properties Inc: The company currently pays an annualized dividend of $7.6 per share, with quarterly installments and an upcoming ex-date of September 30, 2025; analyzing its long-term dividend history is crucial for assessing future payments.
Author's Perspective: The views expressed in the report are those of the author and do not necessarily represent the opinions of Nasdaq, Inc.
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Analyst Views on IIPR
Wall Street analysts forecast IIPR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IIPR is 61.33 USD with a low forecast of 44.00 USD and a high forecast of 90.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
1 Buy
2 Hold
1 Sell
Hold
Current: 47.860
Low
44.00
Averages
61.33
High
90.00
Current: 47.860
Low
44.00
Averages
61.33
High
90.00
About IIPR
Innovative Industrial Properties, Inc. is an internally managed real estate investment trust (REIT). The Company is focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated cannabis facilities. It acquires its properties through sale-leaseback transactions and third-party purchases. The Company owns approximately 109 properties comprising an aggregate of 9.0 million rentable square feet (including 666,000 rentable square feet under development/redevelopment) in 19 states, including Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington. Its subsidiary is IIP Operating Partnership, LP (Operating Partnership).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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