IIPR-PA
Innovative Industrial Properties, Inc.
Price Chart
Latest Quote
$25.00
+0.01 (+0.04%)
Current Price
| Previous Close | $24.99 |
| Open | $24.98 |
| Day High | $25.10 |
| Day Low | $24.91 |
| Volume | 42,242 |
Stock Information
| Quarterly Dividend / Yield | $2.25 / 9.00% |
| Shares Outstanding | 9.78M |
| Quarterly Dividend Yield | 9.00% |
| Quarterly Dividend | $2.25 |
| Total Debt | $365.98M |
| Cash Equivalents | $89.12M |
| Revenue | $263.23M |
| Net Income | $111.07M |
| Sector | Real Estate |
| Industry | REIT - Industrial |
| P/E Ratio | 5.17 |
| EPS (TTM) | $4.83 |
| Exchange | NYQ |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $1.10B |
| Sales | $263.23M |
| Income | $111.07M |
| Book/sh | $63.09 |
| Cash/sh | $9.12 |
| Employees | 23 |
Financial Ratios
| Quick Ratio | 0.25 |
| Current Ratio | 0.35 |
| Debt/Eq | 19.32 |
| EPS Growth TTM | 5.60% |
Returns & Margins
| ROA | 3.33% |
| ROE | 6.29% |
| Gross Margin | 88.46% |
| Operating Margin | 49.80% |
| Profit Margin | 45.58% |
Ownership
| Institutional Ownership | 14.74% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| P/B | 0.40 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $24.26 |
| SMA50 | $23.52 |
| SMA200 | $23.03 |
| RSI | 90.88 |
| ATR | 0.2381 |
| Shares Float | 27.98M |
| Short Ratio | 0.11 |
| Volatility | 1.45 |
| Rel Volume | 0.95 |
Performance History
| Week | +2.25% |
| Month | +4.38% |
| Quarter | +14.11% |
| 6 Months | +8.47% |
| YTD | +6.08% |
| Year | +14.60% |
| 3 Years | +25.76% |
| 5 Years | +6.25% |
| 10 Years | +97.69% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-26 | $25.00 | 42,242 |
| 2026-06-25 | $24.99 | 70,584 |
| 2026-06-24 | $24.81 | 74,886 |
| 2026-06-23 | $24.65 | 54,543 |
| 2026-06-22 | $24.44 | 47,711 |
| 2026-06-18 | $24.45 | 26,345 |
| 2026-06-17 | $24.35 | 37,313 |
| 2026-06-16 | $24.44 | 96,198 |
| 2026-06-15 | $24.38 | 41,875 |
| 2026-06-12 | $24.25 | 36,069 |
| 2026-06-11 | $24.18 | 43,499 |
| 2026-06-10 | $23.90 | 30,419 |
| 2026-06-09 | $23.85 | 28,855 |
| 2026-06-08 | $23.75 | 15,662 |
| 2026-06-05 | $23.79 | 32,813 |
| 2026-06-04 | $23.93 | 62,534 |
| 2026-06-03 | $24.05 | 38,817 |
| 2026-06-02 | $24.10 | 24,364 |
| 2026-06-01 | $23.97 | 42,374 |
| 2026-05-29 | $23.96 | 37,815 |
| 2026-05-28 | $24.02 | 36,624 |
| 2026-05-27 | $23.95 | 35,739 |
| 2026-05-26 | $23.88 | 82,359 |
About Innovative Industrial Properties, Inc.
Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties and life science real estate. Innovative Industrial Properties, Inc. was incorporated on June 15th 2016 in Maryland and is based in San Diego, California.
đ° Latest News
Innovative Industrial Properties (IIPR) Exceeds Market Returns: Some Facts to Consider
Zacks âĸ 2026-06-18T22:15:03Z
KBWY Up 20% This Year, But The Real Test Comes When Rent Rolls Reset
24/7 Wall St. âĸ 2026-06-18T16:28:35Z
Innovative Industrial Properties (IIPR) Stock Valuation After Upsized US$350m Exchangeable Notes Offering
Simply Wall St. âĸ 2026-06-15T03:10:13Z
Innovative Industrial Properties (IIPR) Stock Declines While Market Improves: Some Information for Investors
Zacks âĸ 2026-06-12T22:15:04Z
Is Innovative Industrial Properties, Inc. (IIPR) A Good Stock To Buy Now?
Insider Monkey âĸ 2026-06-07T14:59:09Z
Stronger Leasing And Life Sciences Shift Could Be A Game Changer For Innovative Industrial Properties (IIPR)
Simply Wall St. âĸ 2026-06-05T00:18:59Z
Why Is Innovative Industrial Properties (IIPR) Down 3.9% Since Last Earnings Report?
Zacks âĸ 2026-06-03T15:30:08Z
What IIPR's $282M Senior Note Repayment Means for Investors in 2026
Zacks âĸ 2026-05-27T14:25:00Z
The Most Important Marijuana Stock You're Not Watching
Motley Fool âĸ 2026-05-23T08:20:00Z
Refinancing Shift At Innovative Industrial Properties Reshapes Debt And Investor Outlook
Simply Wall St. âĸ 2026-05-22T05:13:27Z
Period:
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Income Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $28,472,000 | $24,893,000 | $10,520,000 | $4,443,000 |
| Cost Of Revenue | $28,472,000 | $24,893,000 | $10,520,000 | $4,443,000 |
| Total Revenue | $308,517,000 | $309,506,000 | $276,359,000 | $204,551,000 |
| Operating Revenue | $306,936,000 | $307,349,000 | $274,377,000 | $204,551,000 |
| Expenses | ||||
| Interest Expense | $16,258,000 | $16,096,000 | $16,952,000 | $16,380,000 |
| Total Expenses | $136,723,000 | $134,919,000 | $110,343,000 | $69,180,000 |
| Other Income Expense | $-3,449,000 | $22,000 | $3,476,000 | $-3,692,000 |
| Net Non Operating Interest Income Expense | $-6,691,000 | $-9,021,000 | $-15,106,000 | $-17,689,000 |
| Total Other Finance Cost | $1,421,000 | $1,371,000 | $1,349,000 | $1,706,000 |
| Interest Expense Non Operating | $16,258,000 | $16,096,000 | $16,952,000 | $16,380,000 |
| Operating Expense | $108,251,000 | $110,026,000 | $99,823,000 | $64,737,000 |
| General And Administrative Expense | $37,444,000 | $42,832,000 | $38,520,000 | $22,961,000 |
| Other Non Operating Income Expenses | - | $22,000 | $-125,000 | $-3,692,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $161,661,000 | $165,588,000 | $154,386,000 | $113,990,000 |
| Net Interest Income | $-6,691,000 | $-9,021,000 | $-15,106,000 | $-17,689,000 |
| Interest Income | $10,988,000 | $8,446,000 | $3,195,000 | $397,000 |
| Normalized Income | $164,385,710 | $165,588,000 | $151,541,210 | $113,990,000 |
| Net Income From Continuing And Discontinued Operation | $161,661,000 | $165,588,000 | $154,386,000 | $113,990,000 |
| Total Operating Income As Reported | $168,345,000 | $174,587,000 | $169,617,000 | $135,371,000 |
| Average Dilution Earnings | $28,000 | $212,000 | $546,000 | $7,517,000 |
| Net Income Common Stockholders | $157,603,000 | $162,754,000 | $152,200,000 | $112,081,000 |
| Net Income | $161,661,000 | $165,588,000 | $154,386,000 | $113,990,000 |
| Net Income Including Noncontrolling Interests | $161,661,000 | $165,588,000 | $154,386,000 | $113,990,000 |
| Net Income Continuous Operations | $161,654,000 | $165,588,000 | $154,386,000 | $113,990,000 |
| Pretax Income | $161,654,000 | $165,588,000 | $154,386,000 | $113,990,000 |
| Interest Income Non Operating | $10,988,000 | $8,446,000 | $3,195,000 | $397,000 |
| Operating Income | $171,794,000 | $174,587,000 | $166,016,000 | $135,371,000 |
| Depreciation Amortization Depletion Income Statement | $70,807,000 | $67,194,000 | $61,303,000 | $41,776,000 |
| Depreciation And Amortization In Income Statement | $70,807,000 | $67,194,000 | $61,303,000 | $41,776,000 |
| Gross Profit | $280,045,000 | $284,613,000 | $265,839,000 | $200,108,000 |
| Other | ||||
| Tax Effect Of Unusual Items | $-724,290 | $0 | $756,210 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $252,168,000 | $248,878,000 | $229,040,000 | $172,146,000 |
| Total Unusual Items | $-3,449,000 | - | $3,601,000 | $-3,692,000 |
| Total Unusual Items Excluding Goodwill | $-3,449,000 | - | $3,601,000 | $-3,692,000 |
| Reconciled Depreciation | $70,807,000 | $67,194,000 | $61,303,000 | $41,776,000 |
| EBITDA (Bullshit earnings) | $248,719,000 | $248,878,000 | $232,641,000 | $172,146,000 |
| EBIT | $177,912,000 | $181,684,000 | $171,338,000 | $130,370,000 |
| Diluted NI Availto Com Stockholders | $157,631,000 | $162,966,000 | $152,746,000 | $119,598,000 |
| Otherunder Preferred Stock Dividend | $2,254,000 | $1,482,000 | $834,000 | $557,000 |
| Preferred Stock Dividends | $1,804,000 | $1,352,000 | $1,352,000 | $1,352,000 |
| Gain On Sale Of Security | $-3,449,000 | - | $3,601,000 | $-3,692,000 |
| Selling General And Administration | $37,444,000 | $42,832,000 | $38,520,000 | $22,961,000 |
| Other Gand A | $37,444,000 | $42,832,000 | $38,520,000 | $22,961,000 |
Fetched: 2026-02-02
Balance Sheet (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $1,928,675,000 | $1,944,727,000 | $1,952,788,000 | $1,602,551,000 |
| Total Assets | $2,378,047,000 | $2,391,090,000 | $2,414,836,000 | $2,084,602,000 |
| Total Non Current Assets | $2,209,002,000 | $2,227,391,000 | $2,308,243,000 | $1,985,267,000 |
| Other Non Current Assets | $26,889,000 | $30,020,000 | $30,182,000 | $9,996,000 |
| Goodwill And Other Intangible Assets | $7,385,000 | $8,245,000 | $9,105,000 | $9,148,000 |
| Other Intangible Assets | $7,385,000 | $8,245,000 | $9,105,000 | $9,148,000 |
| Current Assets | $169,045,000 | $163,699,000 | $106,593,000 | $99,335,000 |
| Restricted Cash | $0 | $1,450,000 | $1,450,000 | $5,323,000 |
| Receivables | $22,800,000 | $22,000,000 | $18,021,000 | $12,916,000 |
| Loans Receivable | $22,800,000 | $22,000,000 | $18,021,000 | $12,916,000 |
| Cash Cash Equivalents And Short Term Investments | $146,245,000 | $140,249,000 | $87,122,000 | $81,096,000 |
| Cash And Cash Equivalents | $146,245,000 | $140,249,000 | $87,122,000 | $81,096,000 |
| Debt | ||||
| Net Debt | $151,620,000 | $160,631,000 | $214,373,000 | $244,996,000 |
| Total Debt | $297,865,000 | $300,880,000 | $301,495,000 | $326,092,000 |
| Long Term Debt And Capital Lease Obligation | $297,865,000 | $300,880,000 | $301,495,000 | $326,092,000 |
| Long Term Debt | $297,865,000 | $300,880,000 | $301,495,000 | $326,092,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $441,987,000 | $438,118,000 | $452,943,000 | $472,903,000 |
| Total Non Current Liabilities Net Minority Interest | $309,203,000 | $305,936,000 | $303,396,000 | $327,259,000 |
| Other Non Current Liabilities | $11,338,000 | $5,056,000 | $1,901,000 | $1,167,000 |
| Current Liabilities | $132,784,000 | $132,182,000 | $149,547,000 | $145,644,000 |
| Current Deferred Liabilities | $57,176,000 | $59,358,000 | $58,716,000 | $52,805,000 |
| Payables And Accrued Expenses | $75,608,000 | $72,824,000 | $90,831,000 | $92,839,000 |
| Payables | $75,608,000 | $72,824,000 | $90,831,000 | $92,839,000 |
| Dividends Payable | $54,817,000 | $51,827,000 | $50,840,000 | $38,847,000 |
| Accounts Payable | $20,791,000 | $20,997,000 | $39,991,000 | $53,992,000 |
| Equity | ||||
| Common Stock Equity | $1,912,428,000 | $1,938,963,000 | $1,947,884,000 | $1,597,690,000 |
| Preferred Stock Equity | $23,632,000 | $14,009,000 | $14,009,000 | $14,009,000 |
| Total Equity Gross Minority Interest | $1,936,060,000 | $1,952,972,000 | $1,961,893,000 | $1,611,699,000 |
| Stockholders Equity | $1,936,060,000 | $1,952,972,000 | $1,961,893,000 | $1,611,699,000 |
| Retained Earnings | $-211,713,000 | $-156,854,000 | $-117,392,000 | $-75,218,000 |
| Other | ||||
| Preferred Shares Number | $1,002,673 | $600,000 | $600,000 | $600,000 |
| Ordinary Shares Number | $28,331,833 | $28,140,891 | $27,972,830 | $25,612,541 |
| Share Issued | $28,331,833 | $28,140,891 | $27,972,830 | $25,612,541 |
| Tangible Book Value | $1,905,043,000 | $1,930,718,000 | $1,938,779,000 | $1,588,542,000 |
| Invested Capital | $2,210,293,000 | $2,239,843,000 | $2,249,379,000 | $1,923,782,000 |
| Working Capital | $36,261,000 | $31,517,000 | $-42,954,000 | $-46,309,000 |
| Total Capitalization | $2,233,925,000 | $2,253,852,000 | $2,263,388,000 | $1,937,791,000 |
| Additional Paid In Capital | $2,124,113,000 | $2,095,789,000 | $2,065,248,000 | $1,672,882,000 |
| Capital Stock | $23,660,000 | $14,037,000 | $14,037,000 | $14,035,000 |
| Common Stock | $28,000 | $28,000 | $28,000 | $26,000 |
| Preferred Stock | $23,632,000 | $14,009,000 | $14,009,000 | $14,009,000 |
| Current Deferred Revenue | $57,176,000 | $59,358,000 | $58,716,000 | $52,805,000 |
| Investments And Advances | $5,000,000 | $21,948,000 | $200,935,000 | $324,889,000 |
| Investment Properties | $2,168,782,000 | $2,165,823,000 | $2,066,282,000 | $1,640,166,000 |
| Net PPE | $946,000 | $1,355,000 | $1,739,000 | $1,068,000 |
| Gross PPE | $946,000 | $1,355,000 | $1,739,000 | $1,068,000 |
| Buildings And Improvements | $946,000 | $1,355,000 | $1,739,000 | $1,068,000 |
| Properties | $0 | $0 | $0 | $0 |
| Other Properties | - | - | $1,739,000 | $1,068,000 |
Fetched: 2026-02-02
Cash Flow Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $258,446,000 | $255,543,000 | $234,130,000 | $188,747,000 |
| Operating Activities | ||||
| Operating Cash Flow | $258,446,000 | $255,543,000 | $234,130,000 | $188,747,000 |
| Cash Flow From Continuing Operating Activities | $258,446,000 | $255,543,000 | $234,130,000 | $188,747,000 |
| Operating Gains Losses | $3,449,000 | $-22,000 | $-3,476,000 | $3,692,000 |
| Investing Activities | ||||
| Investing Cash Flow | $-55,996,000 | $-6,788,000 | $-396,201,000 | $-384,093,000 |
| Cash Flow From Continuing Investing Activities | $-55,996,000 | $-6,788,000 | $-396,201,000 | $-384,093,000 |
| Net Other Investing Changes | $-800,000 | $-3,979,000 | $-21,933,000 | $-16,693,000 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $21,380,000 | $9,564,000 | $351,960,000 | $0 |
| Financing Cash Flow | $-197,904,000 | $-195,628,000 | $164,224,000 | $155,759,000 |
| Cash Flow From Continuing Financing Activities | $-197,904,000 | $-195,628,000 | $164,224,000 | $155,759,000 |
| Net Other Financing Charges | $-1,317,000 | $-1,129,000 | $-2,441,000 | $-11,935,000 |
| Cash Dividends Paid | $-213,531,000 | $-204,063,000 | $-185,295,000 | $-132,306,000 |
| Preferred Stock Dividend Paid | $-1,578,000 | $-1,352,000 | $-1,352,000 | $-1,352,000 |
| Common Stock Dividend Paid | $-211,953,000 | $-202,711,000 | $-183,943,000 | $-130,954,000 |
| Net Preferred Stock Issuance | $9,623,000 | $0 | $0 | - |
| Preferred Stock Issuance | $9,623,000 | $0 | $0 | - |
| Net Common Stock Issuance | $11,757,000 | $9,564,000 | $351,960,000 | $0 |
| Common Stock Issuance | $11,757,000 | $9,564,000 | $351,960,000 | $0 |
| Other | ||||
| Repayment Of Debt | $-4,436,000 | $0 | $0 | - |
| Interest Paid Supplemental Data | $16,051,000 | $16,125,000 | $17,247,000 | $14,381,000 |
| End Cash Position | $146,245,000 | $141,699,000 | $88,572,000 | $86,419,000 |
| Beginning Cash Position | $141,699,000 | $88,572,000 | $86,419,000 | $126,006,000 |
| Changes In Cash | $4,546,000 | $53,127,000 | $2,153,000 | $-39,587,000 |
| Net Issuance Payments Of Debt | $-4,436,000 | $0 | $0 | $300,000,000 |
| Net Long Term Debt Issuance | $-4,436,000 | $0 | $0 | $300,000,000 |
| Long Term Debt Payments | $-4,436,000 | $0 | $0 | - |
| Net Investment Purchase And Sale | $17,454,000 | $182,185,000 | $126,200,000 | $294,726,000 |
| Sale Of Investment | $62,564,000 | $294,057,000 | $515,000,000 | $864,498,000 |
| Purchase Of Investment | $-45,110,000 | $-111,872,000 | $-388,800,000 | $-569,772,000 |
| Net Investment Properties Purchase And Sale | $-72,650,000 | $-184,994,000 | $-500,468,000 | $-662,126,000 |
| Sale Of Investment Properties | $9,100,000 | $0 | $23,500,000 | $0 |
| Purchase Of Investment Properties | $-81,750,000 | $-184,994,000 | $-523,968,000 | $-662,126,000 |
| Change In Working Capital | $3,946,000 | $4,918,000 | $5,122,000 | $18,067,000 |
| Change In Other Working Capital | $-2,182,000 | $642,000 | $5,911,000 | $18,652,000 |
| Change In Other Current Assets | $126,000 | $352,000 | $-3,506,000 | $-3,687,000 |
| Change In Payables And Accrued Expense | $6,002,000 | $3,924,000 | $2,717,000 | $3,102,000 |
| Change In Payable | $6,002,000 | $3,924,000 | $2,717,000 | $3,102,000 |
| Change In Account Payable | $6,002,000 | $3,924,000 | $2,717,000 | $3,102,000 |
| Other Non Cash Items | $1,772,000 | $1,482,000 | $1,534,000 | $2,946,000 |
| Stock Based Compensation | $17,317,000 | $19,581,000 | $17,507,000 | $8,616,000 |
| Amortization Of Securities | $-506,000 | $-3,198,000 | $-2,246,000 | $-340,000 |
| Depreciation Amortization Depletion | $70,807,000 | $67,194,000 | $61,303,000 | $41,776,000 |
| Depreciation And Amortization | $70,807,000 | $67,194,000 | $61,303,000 | $41,776,000 |
| Gain Loss On Investment Securities | $3,449,000 | - | $-3,601,000 | - |
| Net Foreign Currency Exchange Gain Loss | $0 | $-22,000 | $125,000 | $3,692,000 |
| Net Income From Continuing Operations | $161,661,000 | $165,588,000 | $154,386,000 | $113,990,000 |
| Issuance Of Debt | - | $0 | $0 | $300,000,000 |
| Long Term Debt Issuance | - | $0 | $0 | $300,000,000 |
Fetched: 2026-02-02