Innovative Industrial Properties, Inc. Common stock (IIPR) Stock Price

IIPRStock

$57.63+3.42%52W

Market Cap$1.59B

P/E13.52x

PEG Ratio2.61

Div yield8.96%

Beta1.43

IIPR Share Price Chart

Favorite Metrics

Price vs S&P 500 (26W)11.54%

Price vs S&P 500 (4W)-9.28%

PEG Ratio2.61

VGM Score61.11

P/E Ratio (Annual)13.52x

Indicated Dividend Yield (Annual)8.96%

P/CF (Annual)8.07x

Book Value / Share (Quarterly)$67.16

P/TBV (Annual)0.76x

Indicated Dividend (Annual)$7.60

Revenue Growth (3Y)-1.28%

Cash Flow / Share (Quarterly)$6.75

Payout Ratio (TTM)160.71%

Price vs S&P 500 (YTD)7.97%

Gross Margin (TTM)88.35%

Net Profit Margin (TTM)52.27%

EPS (TTM)$4.78

10-Day Avg Trading Volume0.28M

EPS Excl Extra (TTM)$4.78

Revenue Growth (5Y)17.87%

EPS (Annual)$4.17

Dividend / Share (Annual)$7.79

ROI (Annual)5.28%

Gross Margin (Annual)88.65%

Net Profit Margin (5Y Avg)52.39%

Cash / Share (Quarterly)$7.43

P/E Basic Excl Extra (TTM)11.60x

Revenue Growth QoQ (YoY)0.67%

EPS Growth (5Y)4.45%

P/E Normalized (Annual)13.52x

ROA (Last FY)4.99%

Revenue Growth TTM (YoY)-8.42%

EBITD / Share (TTM)$7.31

ROE (5Y Avg)7.63%

Operating Margin (TTM)51.44%

Cash Flow / Share (Annual)$5.96

P/B Ratio0.86x

P/B Ratio (Quarterly)0.97x

Net Income / Employee (Annual)$5,141,200

EV / Revenue (TTM)7.60x

Net Interest Coverage (TTM)21.13x

ROA (TTM)5.69%

EPS Growth QoQ (YoY)59.10%

EV / EBITDA (TTM)9.53x

EPS Incl Extra (Annual)$4.17

Current Ratio (Annual)0.40x

Quick Ratio (Quarterly)1.86x

3-Month Avg Trading Volume0.37M

52-Week Price Return3.42%

EV / Free Cash Flow (Annual)12.00x

P/E Incl Extra (TTM)11.60x

Revenue / Employee (TTM)$11,463,200

Tangible BV / Share (Quarterly)$66.93

P/S Ratio (Annual)6.01x

Asset Turnover (Annual)0.11x

52-Week High$65.38

Operating Margin (5Y Avg)56.67%

EPS Excl Extra (Annual)$4.17

CapEx CAGR (5Y)-43.22%

Tangible BV CAGR (5Y)92.67%

26-Week Price Return22.78%

Quick Ratio (Annual)0.40x

13-Week Price Return0.73%

Total Debt / Equity (Annual)0.21x

Current Ratio (Quarterly)1.86x

Enterprise Value$2.00B

Revenue / Share Growth (5Y)9.46%

Asset Turnover (TTM)0.11x

Book Value / Share Growth (5Y)0.66%

Revenue / Employee (Annual)$11,563,300

Pretax Margin (Annual)44.46%

Cash / Share (Annual)$1.70

3-Month Return Std Dev26.91%

Gross Margin (5Y Avg)93.07%

Net Income / Employee (TTM)$5,991,600

EBITDA CAGR (5Y)15.20%

EBITDA Interim CAGR (5Y)7.09%

ROE (Last FY)6.40%

Net Interest Coverage (Annual)39.85x

EPS Basic Excl Extra (Annual)$4.17

P/FCF (TTM)8.60x

EV / Free Cash Flow (TTM)10.77x

Total Debt / Equity (Quarterly)0.33x

EPS Incl Extra (TTM)$4.78

ROI (TTM)6.01%

Dividend Growth Rate (5Y)13.11%

P/S Ratio (TTM)6.06x

Pretax Margin (5Y Avg)52.39%

Revenue / Share (Annual)$9.37

Tangible BV / Share (Annual)$65.69

Forward P/E13.68x

Price vs S&P 500 (52W)-14.89%

P/E Ratio (TTM)11.60x

EPS Growth TTM (YoY)-0.90%

Year-to-Date Return19.93%

5-Day Price Return3.05%

EPS Normalized (Annual)$4.17

ROA (5Y Avg)6.12%

Net Profit Margin (Annual)44.46%

Month-to-Date Return-3.42%

Cash Flow / Share (TTM)$8.20

EBITD / Share (Annual)$6.98

EPS Growth (3Y)-9.24%

Operating Margin (Annual)46.67%

LT Debt / Equity (Annual)0.21x

P/CF (TTM)8.14x

ROI (5Y Avg)6.51%

P/E Excl Extra (TTM)11.60x

LT Debt / Equity (Quarterly)0.33x

EPS Basic Excl Extra (TTM)$4.78

P/TBV (Quarterly)0.97x

Payout Ratio (Annual)185.64%

P/B Ratio (Annual)0.76x

Dividend / Share (TTM)$7.97

Pretax Margin (TTM)52.27%

Book Value / Share (Annual)$65.95

Price vs S&P 500 (13W)-2.07%

Net Margin Growth (5Y)-4.58%

Dividend Yield (TTM)13.86%

Beta1.43x

P/FCF (Annual)9.58x

Revenue / Share (TTM)$8.79

ROE (TTM)7.39%

52-Week Low$44.58

vGradeB

gGradeC

mGradeB

vgmGradeB

IIPR Earnings Surprise History

Q2 250.86est. 0.91

Q3 250.97est. 0.90

Q4 251.06est. 1.05

Q1 261.04est. 1.07

Q2 260.96est. 1.02

IIPR Analyst Recommendations

May 2026

Jun 2026

Jul 2026

Aug 2026

2.55

Industry Peers — Real Estate(37)

Symbol	Value Score	Growth Score	Momentum Score	Price
IIPRInnovative Industrial Properties, Inc. Common stock	B	C	B	$57.63
CBRECBRE GROUP, INC.	C	C	B	$151.74
TRNOTerreno Realty Corporation	D	B	B	$68.38
FSVFirstService Corporation Common Shares	C	C	C	$143.94
MRPMillrose Properties, Inc.	—	—	C	$30.96
CWKCushman & Wakefield Ltd.	B	C	B	$14.85
CURBCurbline Properties Corp.	D	B	B	$30.08
VTMXCorporacion Inmobiliaria Vesta, S.A.B de C.V., American Depositary Shares, each representing ten (10) Common Shares	D	B	B	$35.16
UEUBRAN EDGE PROPERTIES	D	C	C	$21.72
BXDCBlackstone Digital Infrastructure Trust Inc.	—	—	C	$20.68
GTYGetty Realty Corp.	D	C	B	$33.53
EFCEllington Financial Inc. Common Stock	C	B	C	$13.58
HPPHudson Pacific Properties, Inc.	C	D	B	$14.91
FORForestar Group Inc.	A	B	B	$28.95
SKYHSky Harbour Group Corporation	F	A	B	$10.66
CRESYCresud SA	B	B	C	$11.30
FPHFive Point Holdings, LLC Class A Common Shares	C	B	C	$5.11
AHRTAH Realty Trust, Inc.	C	F	C	$6.79
FRPHFRP Holdings, Inc.	D	D	C	$22.80
TRCTejon Ranch Co.	F	D	D	$16.18
OPIOffice Properties Income Trust Common shares of beneficial interest	C	F	C	$18.00
MLPMaui Land & Pineapple Co.	F	C	D	$16.06
CMTGClaros Mortgage Trust, Inc.	C	F	D	$1.71
AOMRAngel Oak Mortgage REIT, Inc.	C	C	D	$8.44
CHCIComstock Holding Companies, Inc. Class A	C	B	B	$19.52
OZBelpointe PREP, LLC Class A Units	D	A	C	$48.29
BEEPMobile Infrastructure Corporation Common Stock	D	D	C	$2.91
SRGSeritage Growth Properties Class A common shares of beneficial interest, par value $0.01	B	F	D	$2.11
LPALogistic Properties of the Americas	B	B	D	$3.23
AEIAlset Inc. Common Stock (TX)	C	F	C	$1.59
DUOFangdd Network Group Ltd. Class A Ordinary Shares	A	F	D	$0.67
AIREreAlpha Tech Corp. Common Stock	C	B	D	$1.65
CWDCaliberCos Inc. Class A Common Stock	C	F	F	$0.58
AHHArmada Hoffler Properties, Inc.	B	D	C	$6.73
AOMDAngel Oak Mortgage REIT, Inc. 9.750% Senior Notes due 2030	—	—	C	$25.13
AOMNAngel Oak Mortgage REIT, Inc. 9.500% Senior Notes due 2029	—	—	C	$25.24
KWKENNEDY-WILSON HOLDINGS, INC.	D	D	D	$0.00
SKYH.WSSky Harbour Group Corporation Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share	F	A	B	$0.38

About Innovative Industrial Properties, Inc. Common stock

Innovative Industrial Properties is a REIT specializing in industrial and commercial real estate leased to regulated cannabis operators across the United States. The company generates the majority of its revenue from long-term cannabis facility leases structured as triple-net agreements, while maintaining a secondary Life Science Portfolio. Operating through an UPREIT structure, the company provides stable rental income from state-licensed cannabis operators.