IIPR Stock: Price, Forecast, Financials & AI Analysis

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High

53.469

Open

52.800

VWAP

53.04

Vol

193.43K

Mkt Cap

1.50B

Low

52.462

Amount

10.26M

EV/EBITDA(TTM)

9.23

Total Shares

28.14M

EV

1.88B

EV/OCF(TTM)

9.50

P/S(TTM)

5.65

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).

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Events Timeline

(ET)

2026-03-16

06:40:00

Innovative Industrial Properties Updates Lease Agreements for 122,000 Square Feet

2026-02-23 (ET)

2026-02-23

16:40:00

IIP Reports Q4 Revenue of $66.7M, Exceeding Expectations

2025-12-18 (ET)

2025-12-18

15:40:00

Trump Signs Executive Order to Reclassify Cannabis as Schedule III Drug

2025-12-18

15:20:00

Innovative Industrial Properties Shares Down Nearly 4% to $56.35

News

Newsfilter

04-20Newsfilter

PinnedInnovative Industrial Properties to Report Q1 2026 Results

NASDAQ.COM

04-17NASDAQ.COM

Innovative Industrial Properties Sees Surge in Options Trading Volume

NASDAQ.COM

04-11NASDAQ.COM

Innovative Industrial Properties Stock Performance Analysis

NASDAQ.COM

03-27NASDAQ.COM

Analysis of Real Estate Investment Trust Yields

Newsfilter

03-16Newsfilter

Innovative Industrial Properties Announces Lease Updates

seekingalpha

03-13seekingalpha

Innovative Industrial Properties Declares Quarterly Dividend

4 Analyst Rating

Wall Street analysts forecast IIPR stock price to rise

1 Buy

2 Hold

1 Sell

Hold

Current: 0.000

Low

44.00

Averages

61.33

High

90.00

Current: 0.000

Low

44.00

Averages

61.33

High

90.00

Compass Point

Merrill Ross

Sell

to

Neutral

upgrade

$45

AI Analysis

2026-03-03

Reason

Compass Point

Merrill Ross

Price Target

$45

AI Analysis

2026-03-03

upgrade

Sell

to

Neutral

Reason

Compass Point analyst Merrill Ross upgraded Innovative Industrial Properties to Neutral from Sell with an unchanged price target of $45.

Alliance Global

Aaron Grey

Neutral

maintain

$50 -> $55

2026-02-26

Reason

Alliance Global

Aaron Grey

Price Target

$50 -> $55

2026-02-26

maintain

Neutral

Reason

Alliance Global analyst Aaron Grey raised the firm's price target on Innovative Industrial Properties to $55 from $50 and keeps a Neutral rating on the shares. The firm cites improved visibility into the company's return to rent on defaulted assets for target boost post the Q4 report.

Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for IIPR

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Valuation Metrics

The current forward P/E ratio for Innovative Industrial Properties Inc (IIPR.N) is 11.79, compared to its 5-year average forward P/E of 21.18. For a more detailed relative valuation and DCF analysis to assess Innovative Industrial Properties Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

dotted line Image

5Y Average PE

21.18

Current PE

11.79

Overvalued PE

31.22

Undervalued PE

11.13

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

dotted line Image

5Y Average EV/EBITDA

13.90

Current EV/EBITDA

8.33

Overvalued EV/EBITDA

20.01

Undervalued EV/EBITDA

7.79

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

dotted line Image

5Y Average PS

10.64

Current PS

5.24

Overvalued PS

16.26

Undervalued PS

5.03

Financials

AI Analysis

Annual

Quarterly

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Whales Holding IIPR

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Frequently Asked Questions

What is Innovative Industrial Properties Inc (IIPR) stock price today?

The current price of IIPR is 53.18 USD — it has increased 0.45

What is Innovative Industrial Properties Inc (IIPR)'s business?

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).

What is the price predicton of IIPR Stock?

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 is61.33 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.

What is Innovative Industrial Properties Inc (IIPR)'s revenue for the last quarter?

Innovative Industrial Properties Inc revenue for the last quarter amounts to 66.66M USD, decreased -13.14

What is Innovative Industrial Properties Inc (IIPR)'s earnings per share (EPS) for the last quarter?

Innovative Industrial Properties Inc. EPS for the last quarter amounts to 1.06 USD, decreased -22.63

How many employees does Innovative Industrial Properties Inc (IIPR). have?

Innovative Industrial Properties Inc (IIPR) has 23 emplpoyees as of April 21 2026.

What is Innovative Industrial Properties Inc (IIPR) market cap?

Today IIPR has the market capitalization of 1.50B USD.