Innovative Industrial Properties, Inc.
IIPRNYSEReal EstateREIT - Industrial
As of Oct 23, 2026 close
- Market cap
- $1.63B
- P/E (TTM)
- 12.12
- Forward P/E
- 11.81
- Dividend yield
- 13.93%
- 52-week range
- $44.58$65.38
- Volume (live)
- -
- Avg. volume (3M)
- 421.18K
Innovative Industrial Properties (IIPR) Stock Price & Financial Analysis
Innovative Industrial Properties Stock Price Chart
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Financial Metrics & Key Statistics
Fundamental metrics, valuation ratios, and profitability indicators
| Day's Range | $53.92 - $54.78 |
|---|---|
| 52-Week High | $65.38 |
| 52-Week Low | $44.58 |
| Open | $54.25 |
| Volume (last close) | 219.33K |
| Average Volume (3M) | 421.18K |
| Revenue (TTM) | 263.65M |
|---|---|
| Net Income (TTM) | 134.14M |
| Free Cash Flow (TTM) | 189.56M |
| EPS (TTM) | $4.66 |
| Profit Margin | 50.88% |
| Operating Margin | 47.07% |
| Return on Equity (ROE) | 7.24% |
| Debt to Equity | 0.33 |
| Annual Dividend | $7.60 |
|---|---|
| Dividend Yield | 13.93% |
| Payout Ratio | 162.99% |
| Last Dividend Ex-Date | Sep 30, 2026 |
| Market Cap | 1.63B |
|---|---|
| Shares Outstanding | 29.99M |
| P/E Ratio (TTM) | 12.12 |
| Forward P/E | 11.81 |
| Price to Sales (P/S) | 6.17 |
| Price to Book (P/B) | 0.88 |
| EV/EBITDA | 8.96 |
| 50-Day MA | $54.95 |
|---|---|
| 200-Day MA | $54.92 |
| 1-Year Change | +3.43% |
Source: Market prices and company fundamentals. Data as of Oct 23, 2026. Data sources and methodology
Innovative Industrial Properties at a Glance
As of the Oct 23, 2026 close, Innovative Industrial Properties (IIPR) has a market capitalization of $1.63B. The stock trades at 12.1× trailing earnings, 11.8× forward earnings and 6.2× sales. Over the trailing twelve months it earned $134.14M on revenue of $263.65M (a 50.9% profit margin) and generated $189.56M of free cash flow. Revenue fell 8.4% year over year.
As of its latest reported balance sheet, it holds $204.73M in cash and securities against $609.03M of debt, a net debt position of $404.30M.
Innovative Industrial Properties pays a quarterly dividend totaling $7.60 per share a year, a 13.93% yield at the Oct 23, 2026 close, with a 163% payout ratio and 8 consecutive years of dividend increases.
The share price is up 3.4% over the past year. At $54.21 (the Oct 23, 2026 close) it sits within its 52-week range of $44.58 to $65.38, below its 200-day moving average of $54.92.
Based on 6 professional analyst ratings from the past 90 days, the consensus is Buy with an average price target of $62.56, 15.4% above the Oct 23, 2026 close.
Frequently Asked Questions About Innovative Industrial Properties
What is the current stock price for IIPR?
As of the Oct 23, 2026 close, IIPR stock trades at $54.21. The 52-week range is $44.58–$65.38, with a day range of $53.92–$54.78.
What is the P/E ratio for IIPR?
As of the Oct 23, 2026 close, Innovative Industrial Properties's trailing twelve-month (TTM) P/E ratio is 12.1, meaning investors pay $12.1 for every $1 of annual earnings. The forward P/E is 11.8, reflecting analyst expectations for future earnings. Innovative Industrial Properties operates in the Real Estate sector.
Does IIPR pay dividends?
Yes, Innovative Industrial Properties pays a 13.93% annual dividend yield as of the Oct 23, 2026 close ($7.60 per share a year). The trailing twelve-month payout ratio is 163.0%. The most recent ex-dividend date was September 30, 2026.
What do analysts recommend for IIPR?
Based on ratings from 6 professional analysts over the last 90 days, the consensus for IIPR is Buy. The average 12-month price target is $62.56, a 15.4% upside from the Oct 23, 2026 close of $54.21.
What is the market cap of IIPR?
As of the Oct 23, 2026 close, Innovative Industrial Properties's market capitalization is $1.63B, classifying it as a small-cap company. Innovative Industrial Properties operates in the Real Estate sector within the REIT - Industrial industry.