IIPR
Innovative Industrial Properties, Inc. · Real Estate · REIT - Industrial
Last
$52.96
−$1.66 (−3.04%) 4:00 PM ET
After hours $52.96 $0.00 (0.00%) 8:23 PM ET
Prev close $54.62
Open $54.07
Day high $54.56
Day low $52.65
Volume 382,029
Avg vol 307,162
Mkt cap
$1.49B
P/E ratio
13.51
FY Revenue
$265.96M
EPS
3.92
Gross Margin
88.65%
Sector
Real Estate
AI report sections
IIPR
Innovative Industrial Properties, Inc.
No AI report section text found yet for this symbol.
Volume vs average
Intraday (cumulative)
+31% (Above avg)
Vol/Avg: 1.31×
RSI
71.63 (Overbought)
Overbought (>70)
MACD momentum
Intraday
-0.01 (Weak)
MACD: 0.05 Signal: 0.06
Short-Term
+0.89 (Strong)
MACD: 0.38 Signal: -0.51
Long-Term
+0.56 (Strong)
MACD: -0.40 Signal: -0.97
Intraday trend score 70.50

Latest news

IIPR 12 articles Positive: 4 Neutral: 1 Negative: 7
Positive The Motley Fool • Josh Kohn-Lindquist
Why Innovative Industrial Properties Stock Is Rising Higher This Week

Innovative Industrial Properties (IIPR) shares rose 16% this week after beating Q4 earnings expectations despite revenue and FFO declining 13%. The cannabis-focused REIT maintains a 13.9% dividend yield and is diversifying into life sciences through a $270 million commitment to IQHQ. Management expressed optimism about dividend sustainability based on strong leasing activity and litigation resolutions.

IIPR IIPRPA ARE REIT cannabis real estate dividend yield earnings beat life sciences diversification
Sentiment note

Stock up 16% on earnings beat despite revenue/FFO decline; strong leasing activity, litigation resolutions, and management optimism about dividend sustainability support positive outlook. Attractive valuation metrics (EV/FFO of 9, net debt/EBITDA of 1.4x) and diversification into life sciences provide tailwinds.

Positive The Motley Fool • Eric Volkman
Why Innovative Industrial Properties Stock Zoomed Nearly 11% Higher Today

Innovative Industrial Properties (IIPR), a marijuana REIT, surged nearly 11% after reporting Q4 earnings that beat analyst expectations despite declining revenue and profitability. The stock's jump was primarily driven by positive updates on tenant defaults, with the company successfully collecting payments from two defaulting tenants and moving forward with leasing property from a third. The company also offers a high dividend yield of over 16%.

IIPR IIPRPA REIT marijuana industry tenant defaults earnings beat dividend yield real estate
Sentiment note

Stock surged 11% following earnings announcement. Despite declining revenue (-13% YoY) and net income (-22% YoY), the company beat analyst estimates on both revenue and profitability. The primary driver of investor optimism was effective management of tenant defaults, with successful collections from two major defaulting tenants and progress on a third property. The high dividend yield (16.46%) and diversification efforts into life sciences also support positive sentiment.

Negative The Motley Fool • James Halley
4 Things You Need to Know If You're Thinking of Buying Innovative Industrial Properties Today

Innovative Industrial Properties (IIPR), a cannabis-focused REIT, faces significant headwinds with stock down 79% over five years. The company experienced declining revenue and tenant defaults in Q3, while maintaining an unsustainable 111% dividend-to-AFFO payout ratio that could lead to dividend cuts. However, potential cannabis reclassification to Schedule III and diversification into life sciences through a $270 million IQHQ investment offer some upside potential.

IIPR IIPRPA cannabis REIT tenant defaults dividend sustainability Schedule III reclassification revenue decline life sciences diversification
Sentiment note

Stock down 79% over 5 years and 37% in past year. Q3 revenue fell 15.4% YoY with significant tenant defaults ($14.9M from PharmaCann, Gold Flora, TILT, 4Front). Dividend payout ratio of 111% is unsustainable, risking dividend cuts that could further pressure stock price. However, potential cannabis reclassification and diversification efforts provide some mitigating factors.

Negative The Motley Fool • Rick Munarriz
3 Things Investors Need to Know About Invesco KBW Premium Yield Equity REIT ETF in 2026

The Invesco KBW Premium Yield Equity REIT ETF (KBWY) attracts investors with its high 7.72% SEC 30-day yield and monthly distributions, but carries significant risks. The fund focuses on smaller, riskier REITs and has received Morningstar's lowest one-star rating over multiple periods. Key holdings like Innovative Industrial Properties and Community Healthcare Trust have experienced substantial declines, with the ETF itself down 6% year-over-year and 21% over five years.

KBWY IIPR IIPRPA CHCT REIT ETF high yield risk profile distribution rate
Sentiment note

The largest holding in KBWY has experienced tenant defaults and dividend cuts. The stock has declined 25% over the past year and 73% over five years. Despite recent distribution growth, the 15% yield appears unsustainable given declining business performance.

Positive Investing.com • Brett Owens
This 13.7% Dividend Comes With 'Mob-Boss' Economics for Long-Term Stability

Innovative Industrial Properties (IIPR) provides critical financing and real estate solutions for cannabis businesses, offering a high 13.7% dividend yield by leasing facilities back to operators in a restricted banking environment.

IIPR IIPRPA cannabis real estate dividend REIT financing
Sentiment note

The company provides essential capital to cannabis operators, has a strong dividend history, low leverage, favorable lease terms, and potential for future growth as federal cannabis regulations may change

Neutral Investing.com • Brett Owens
3 Overlooked Dividend Stocks Offering Yields Up to 16%

The article discusses three high-yield dividend stocks that are currently overlooked by Wall Street analysts, including a business development company, a midstream energy partnership, and a marijuana-related real estate investment trust.

PSEC PSECPA TCPC CQP dividend stocks high yield BDC REIT
Sentiment note

Declining funds from operations, high payout ratio, but diversifying into life sciences and historically strong performance

Negative The Motley Fool • Jesterai
IIPR Earnings Drop on Tenant Defaults

Innovative Industrial Properties experienced significant financial challenges in Q2 2025, with revenue and earnings declining due to tenant defaults in the cannabis industry. The company is focusing on re-tenanting properties and stabilizing its portfolio over the next 18-36 months.

IIPR IIPRPA cannabis REIT tenant defaults real estate earnings report
Sentiment note

Revenue fell 21% year-over-year, experienced significant tenant defaults, lost $15.8 million in rent, net income declined by $16.5 million, and faces ongoing challenges in re-leasing properties in the cannabis sector

Negative GlobeNewswire Inc. • Johnson Fistel, Pllp
Investor Alert: Johnson Fistel Investigates Innovative Industrial Properties, Integral Ad Science, Manhattan Associates, and Crocs on Behalf of Shareholders

Johnson Fistel is investigating potential violations of federal and state securities laws by certain officers and directors of Innovative Industrial Properties, Integral Ad Science, Manhattan Associates, and Crocs. The investigations are based on allegations of false and misleading statements made by the companies.

IIPR IIPRPA IAS MANH Innovative Industrial Properties Integral Ad Science Manhattan Associates Crocs
Sentiment note

The company is alleged to have made false and misleading statements about its business, operations, and prospects, including significant declines in rent and property-management fees, which would likely impair its ability to maintain FFO and revenue growth.

Negative The Motley Fool • Eric Volkman
Why Shares of Innovative Industrial Properties Sank This Week

Innovative Industrial Properties, a cannabis REIT, has faced multiple tenant defaults, raising concerns about its business viability. The company's stock price has dropped significantly in response to the news.

IIPR IIPRPA Innovative Industrial Properties cannabis REIT tenant defaults
Sentiment note

The article reports that Innovative Industrial Properties has faced multiple tenant defaults, including from 4Front Ventures, Gold Flora, and Tilt Holdings, which collectively comprised nearly 11% of the company's contractual rent. This has led to a significant drop in the company's stock price and raised concerns about its business viability going forward.

Negative Benzinga • Prnewswire
IIPR Investors Have Final Opportunity to Lead Innovative Industrial Properties, Inc. Securities Fraud Lawsuit with the Schall Law Firm

Innovative Industrial Properties, Inc. (IIPR) is facing a securities fraud lawsuit alleging the company made false and misleading statements about its rent and property management fees, hindering its ability to maintain revenue growth and FFO. Investors who purchased the company's securities during the class period are encouraged to contact the Schall Law Firm before the deadline.

IIPR IIPRPA Innovative Industrial Properties securities fraud lawsuit rent property management fees revenue growth
Sentiment note

The article alleges that Innovative Industrial Properties made false and misleading statements about its financial performance, which led to a decline in its stock price and damages to investors.

Positive The Motley Fool • Eric Volkman
Beat the Nasdaq With This Cash-Gushing Dividend Stock

Innovative Industrial Properties (IIPR) is a unique cannabis-focused REIT that offers a high-yield dividend. Despite a recent tenant default, the company's future looks bright as marijuana legalization gains momentum in the U.S. The article suggests IIPR could outperform the broader market due to its attractive valuation and growth potential.

IIPR IIPRPA Innovative Industrial Properties cannabis REIT high-yield dividend marijuana legalization
Sentiment note

The article highlights Innovative Industrial Properties as a unique and promising cannabis-focused REIT that offers a high-yield dividend. Despite a recent tenant default, the company is expected to rebound and benefit from the growing momentum for marijuana legalization in the U.S.

Negative GlobeNewswire Inc. • N/A
תאריך אחרון לתביעה נגד IIPR: רוזן, משרד עורכי דין ותיק, מעודד את המשקיעים ב- Innovative Industrial Properties, Inc להבטיח ייעוץ לפני תאריך יעד חשוב של 18 במרץ בתביעה ייצוגית בניירות ערך — IIPR

Rosen Law Firm, a global investor rights law firm, reminds investors who purchased Innovative Industrial Properties, Inc. (IIPR) securities between February 27, 2024 and December 19, 2025 of the important March 18, 2025 deadline to join the securities class action lawsuit. The lawsuit alleges that IIPR made false and misleading statements about its rental income and asset management fees.

IIPR IIPRPA Innovative Industrial Properties securities class action investor rights
Sentiment note

The article discusses a securities class action lawsuit against Innovative Industrial Properties, alleging that the company made false and misleading statements about its financial performance, which led to investor losses.

News and sentiment labels describe article tone and are provided for research purposes only. They are not trading recommendations or forecasts.
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