Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
IPO Year: 2016
Exchange: NYSE
Website: innovativeindustrialproperties.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/2/2025 | Outperform → Peer Perform | Wolfe Research | |
| 4/23/2025 | $57.00 | Outperform | Wolfe Research |
| 3/31/2025 | $61.00 → $50.00 | Neutral → Sell | Compass Point |
| 12/23/2024 | Buy → Neutral | BTIG Research | |
| 12/20/2024 | $118.00 → $70.00 | Neutral → Underweight | Piper Sandler |
| 12/20/2024 | $125.00 → $78.00 | Buy → Neutral | Compass Point |
| 12/17/2024 | $130.00 | Buy | Alliance Global Partners |
| 11/8/2024 | $125.00 | Neutral → Buy | Compass Point |
| 9/5/2023 | $95.00 | Buy → Neutral | Compass Point |
| 6/30/2023 | $80.00 | Overweight → Neutral | Piper Sandler |
8-K - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)
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8-K - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)
8-K - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)
8-K - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)
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Wolfe Research downgraded Innovative Industrial Properties from Outperform to Peer Perform
Wolfe Research resumed coverage of Innovative Industrial Properties with a rating of Outperform and set a new price target of $57.00
Compass Point downgraded Innovative Industrial Properties from Neutral to Sell and set a new price target of $50.00 from $61.00 previously
BTIG Research downgraded Innovative Industrial Properties from Buy to Neutral
Piper Sandler downgraded Innovative Industrial Properties from Neutral to Underweight and set a new price target of $70.00 from $118.00 previously
Compass Point downgraded Innovative Industrial Properties from Buy to Neutral and set a new price target of $78.00 from $125.00 previously
Alliance Global Partners initiated coverage of Innovative Industrial Properties with a rating of Buy and set a new price target of $130.00
Compass Point upgraded Innovative Industrial Properties from Neutral to Buy and set a new price target of $125.00
Compass Point downgraded Innovative Industrial Properties from Buy to Neutral and set a new price target of $95.00
Piper Sandler downgraded Innovative Industrial Properties from Overweight to Neutral and set a new price target of $80.00
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)
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4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)
4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)
4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)
4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)
4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)
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Transaction Expected to Generate Significant Earnings Accretion for IIP Shareholders Positions IIP to Benefit from Long-Term Strength of Life Science Industry, Where IIP Management Has Decades of Combined Experience Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company"), announced today that it entered into agreements to make an investment totaling up to $270 million into IQHQ, Inc. ("IQHQ"), a premier life science real estate platform with over $5 billion in total assets. The investment (the "Investment," "Transaction," or "Investment Transaction") is comprised of two discrete investments that together are expected to earn a weighted average interest rate of gr
Repurchased $20 Million of Common Stock and Maintained Strong Liquidity Exceeding $190 Million Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company"), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today results for the second quarter ended June 30, 2025. Second Quarter 2025 Highlights Financial Results and Dividend Generated total revenues of $62.9 million and net income attributable to common stockholders of $25.1 million, or $0.86 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Recorded adjusted funds from opera
Earnings Release Date and Conference Call Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it will report its second quarter 2025 results after the close of trading on the New York Stock Exchange on Wednesday, August 6, 2025. Alan Gold, Executive Chairman; Paul Smithers, President and Chief Executive Officer; David Smith, Chief Financial Officer; Catherine Hastings, Chief Operating Officer; and Ben Regin, Chief Investment Officer, will host an investor conference call at 9:00 a.m. Pacific Time on Thursday, August 7, 2025, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the I
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a second quarter 2025 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. Since its inception in 2016, IIP has paid over $940 million in common stock dividends to its shareholders. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP's 9.00% Series A Cumulative Redeemable Preferred Stock. The dividends are payable on July 15
Year-to-Date Leasing Activity Totals 211,000 Square Feet Across Two Properties Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company"), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today results for the first quarter ended March 31, 2025. First Quarter 2025 and Year-to-Date Highlights Financial Results and Dividend Total revenues of $71.7 million for the quarter. Net income attributable to common stockholders of $30.3 million for the quarter, or $1.03 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). AFFO of $55.3 mill
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it will report its first quarter 2025 results after the close of trading on the New York Stock Exchange on Wednesday, May 7, 2025. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 9:00 a.m. Pacific Time on Thursday, May 8, 2025, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at w
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR), a leading real estate investment trust specializing in the regulated cannabis industry, today announced a significant tenant replacement and renewal initiative aimed at enhancing the performance of its real estate portfolio and driving long-term value for shareholders. This initiative focuses on strengthening tenant credit profiles and optimizing occupancy of the Company's properties to align with evolving market demands. As previously disclosed in the Company's filings with the U.S. Securities and Exchange Commission, market dynamics in the regulated cannabis industry have been extremely challenging. These challenges include federa
Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a first quarter 2025 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. Since its inception, IIP has paid over $885 million in common stock dividends to its shareholders. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP's 9.00% Series A Cumulative Redeemable Preferred Stock. The dividends are payable on April 15, 2025 to
2024 Leasing Activity of 530,000 Square Feet, or 6% of Total Portfolio Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company"), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today results for the fourth quarter and year ended December 31, 2024. Full Year 2024 Total revenues of $308.5 million. Net income attributable to common stockholders of $159.9 million, or $5.52 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Adjusted funds from operations (AFFO) of $256.1 million, or $8.98 per share, and normalized funds from oper
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it will report its fourth quarter 2024 results after the close of trading on the New York Stock Exchange on Wednesday, February 19, 2025. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 9:00 a.m. Pacific Time on Thursday, February 20, 2025, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company
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Live finance-specific insights
Repurchased $20 Million of Common Stock and Maintained Strong Liquidity Exceeding $190 Million Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company"), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today results for the second quarter ended June 30, 2025. Second Quarter 2025 Highlights Financial Results and Dividend Generated total revenues of $62.9 million and net income attributable to common stockholders of $25.1 million, or $0.86 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Recorded adjusted funds from opera
Earnings Release Date and Conference Call Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it will report its second quarter 2025 results after the close of trading on the New York Stock Exchange on Wednesday, August 6, 2025. Alan Gold, Executive Chairman; Paul Smithers, President and Chief Executive Officer; David Smith, Chief Financial Officer; Catherine Hastings, Chief Operating Officer; and Ben Regin, Chief Investment Officer, will host an investor conference call at 9:00 a.m. Pacific Time on Thursday, August 7, 2025, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the I
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a second quarter 2025 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. Since its inception in 2016, IIP has paid over $940 million in common stock dividends to its shareholders. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP's 9.00% Series A Cumulative Redeemable Preferred Stock. The dividends are payable on July 15
Year-to-Date Leasing Activity Totals 211,000 Square Feet Across Two Properties Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company"), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today results for the first quarter ended March 31, 2025. First Quarter 2025 and Year-to-Date Highlights Financial Results and Dividend Total revenues of $71.7 million for the quarter. Net income attributable to common stockholders of $30.3 million for the quarter, or $1.03 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). AFFO of $55.3 mill
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it will report its first quarter 2025 results after the close of trading on the New York Stock Exchange on Wednesday, May 7, 2025. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 9:00 a.m. Pacific Time on Thursday, May 8, 2025, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at w
Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a first quarter 2025 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. Since its inception, IIP has paid over $885 million in common stock dividends to its shareholders. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP's 9.00% Series A Cumulative Redeemable Preferred Stock. The dividends are payable on April 15, 2025 to
2024 Leasing Activity of 530,000 Square Feet, or 6% of Total Portfolio Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company"), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today results for the fourth quarter and year ended December 31, 2024. Full Year 2024 Total revenues of $308.5 million. Net income attributable to common stockholders of $159.9 million, or $5.52 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Adjusted funds from operations (AFFO) of $256.1 million, or $8.98 per share, and normalized funds from oper
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it will report its fourth quarter 2024 results after the close of trading on the New York Stock Exchange on Wednesday, February 19, 2025. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 9:00 a.m. Pacific Time on Thursday, February 20, 2025, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) today announced the tax treatment of its 2024 distributions as follows: Security Description: Common Stock CUSIP: 45781V101 Ticker Symbol: IIPR Record Date Payable Date Total Distribution Per Share Allocable to 2024 Taxable Ordinary Dividend Return of Capital Long-Term Capital Gain Unrecaptured Section 1250 Gain(1) Section 199A Dividend(2) 12/29/2023 01/12/2024 $1.820000 $0.990000 $0.990000 $0.000000 $0.000000 $0.000000 $0.990000 03/28/2024 04/15/2024 $1.820000 $1.820000 $1.820000 $0.00000
Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a fourth quarter 2024 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP's 9.00% Series A Cumulative Redeemable Preferred Stock. The dividends are payable on January 15, 2025 to stockholders of record at the close of business on December 31, 2024. About Innovative Indus