IIPR — INNOVATIVE INDUSTRIAL PROPERTIES INC

NYSE · Real Estate · Equity Real Estate Investment Trusts (REITs) · CIK 1677576 ·
Last close
$56.80
Market Cap
$1.57B
52W High
$65.38
52W Low
$53.75
ADV30
311,798
Next earnings
Innovative Industrial Properties, Inc. is an internally managed real estate investment trust focused on the acquisition, ownership and management of specialized industrial properties and financial investments in the life science industry. As of June 30, 2026, we owned 108 properties comprising an aggregate of approximately 8.4 million rentable square feet in 19 states. Innovative Industrial Properties, Inc. was established on June 15th 2016 and is incorporated in Maryland.

Quarterly Fundamentals

Revenues vs Net Income (last 4 Q)

Assets vs Liabilities (last 4 Q)

PeriodRevenuesGrossProfit OpIncomeNetIncomeAssets CashLiabilities
Jun 2026 63,315,000 56,119,000 29,601,000 43,852,000 2,581,641,000 204,734,000 730,042,000
Mar 2026
Dec 2025 66,657,000 58,677,000 32,172,000 31,841,000 2,370,858,000 47,597,000 522,854,000
Sep 2025 64,685,000 56,734,000 29,414,000 29,305,000 2,337,914,000 36,671,000 474,573,000

Cashflow TTM (yfinance, fills SEC gap)

Operating CF
$196,446,000
Investing CF
$-229,788,000
Financing CF
$141,313,000
CapEx
Dividends Paid
$-221,467,000
Buybacks
$-88,969,000
EPS Diluted TTM
$4.41
As of
2026-08-09

Balance + Analyst (yfinance extras)

Retained Earnings
$-349,741,000
Inventory
Receivables
$168,921,000
ST Investments
EBIT TTM
$162,370,000
Pretax Income TTM
$137,807,000
Interest Exp TTM
$24,563,000
Analysts
4

Yahoo Snapshot (yfinance, live)

Total Revenue
$263,652,992
EBITDA
$202,604,992
Free Cash Flow
$99,872,376
Enterprise Value
$2,099,346,560
Total Cash
$204,734,000
Total Debt
$609,033,024
Shares Out
27,571,349
Trailing EPS
$4.42
Book Value
$62.48
ROE
7.4%
ROA
3.3%
Div Yield
13.40%

Annual Trend (SEC EDGAR, last 4y)

Revenues vs Net Income (last 4y)

FY endRevenuesOpIncome NetIncomeAssetsLiabilities EquityOCF
Dec 2025 265,955,000 127,975,000 118,247,000 2,370,858,000 522,854,000 198,189,000
Dec 2024 308,517,000 171,794,000 161,661,000 2,378,047,000 441,987,000 258,446,000
Dec 2023 309,506,000 174,587,000 165,588,000 2,391,090,000 438,118,000 255,543,000
Dec 2022 276,359,000 166,016,000 154,386,000 2,414,836,000 452,943,000 234,130,000

TTM Snapshot

Revenues TTM
$153,052,000
NetIncome TTM
$80,430,000
OpCashFlow TTM
$0
Assets (Latest)
$2,378,047,000
Forward EPS
$4.39

Max Pain — expiry 2026-10-16

max pain strike: $55.00 · spot: $57.13 · call oi: 1,672 · put oi: 6,075
Expected Move to 2026-10-16: ±$5.55 (9.71%) — implied range $51.58$62.68 · ATM straddle on $55.00 strike

Peers — same industry

TickerNameMarket CapLastDaily %
EPR-PG EPR PROPERTIES $1.59B $21.43
FOR Forestar Group Inc. $1.47B $28.90
CBL CBL & ASSOCIATES PROPERTIES INC $1.72B $55.71
UMH UMH PROPERTIES, INC. $1.42B $16.62
AAT American Assets Trust, Inc. $1.41B $23.00

News headlines (Yahoo Finance, 1h cache)

Innovative Industrial Properties (IIPR) Q2 FFO Surpass Estimates
2026-08-03 22:45 · Yahoo
Innovative Industrial Properties (IIPR) Stock Dips While Market Gains: Key Facts
2026-07-28 22:15 · Yahoo
Innovative Industrial Properties Announces Second Quarter 2026 Earnings Release Date and Conference Call
2026-07-20 10:55 · Yahoo
Innovative Industrial Properties (IIPR) Increases Despite Market Slip: Here's What You Need to Know
2026-06-26 22:15 · Yahoo
Innovative Industrial Properties (IIPR) Exceeds Market Returns: Some Facts to Consider
2026-06-18 22:15 · Yahoo
Down 12.9% in 4 Weeks, Here's Why You Should You Buy the Dip in Innovative Industrial Properties (IIPR)
2026-08-19 13:35 · Yahoo
Is Innovative Industrial Properties (IIPR) Undervalued After Higher Net Income And Its 5% Buyback?
2026-08-07 02:15 · Yahoo
Innovative Industrial Properties Q2 Earnings Call Highlights
2026-08-05 07:04 · Yahoo
Innovative Industrial Properties Inc (IIPR) (Q2 2026) Earnings Call Highlights: Strategic ...
2026-08-04 23:02 · Yahoo
Innovative Industrial Properties Reports Second Quarter 2026 Results
2026-08-03 20:40 · Yahoo

Recent Insider Activity

No insider activity indexed for this ticker.