IIPRInnovative Industrial Properties, Inc.

$57.06

$40.9752 weeks$64.66

Price

$57.06+38%1Y

1M-6.9%1Y+38%

Prices are end-of-day closes. This is a research view, the focus is on the fundamentals, quality and valuation below, not intraday price.

Smart Score

Average

6/10

Value36

Quality74

Momentum68

Growth24

Strongest Quality, weakest Growth · ranked vs Real Estate peers. The five questions below judge the company on its own terms.

What they do

We are an internally-managed REIT focused on the acquisition, ownership and management of specialized industrial and commercial properties in the United States. Our properties are primarily leased to experienced, state-licensed operators for their regulated cannabis facilities. We have acquired and expect to continue to acquire our cannabis properties through sale-leaseback transactions and third-party purchases.

In the company’s own words · 10-K filed Feb 24, 2026 · SEC EDGAR

P/E (TTM)14.6

Market Cap$1.73B

1Y Return+38%

5Y Return-60%

Innovative Industrial Properties, Inc. (IIPR) reported revenue of $69M in Q1 2026 (quarter ended March 31, 2026), down 3.8% from the same quarter a year earlier. That came with net income of $33M (48% of revenue). For the full year FY2025, revenue was $266M (−14% year on year) and net income $118M.

Raw charts

10 series · TTM

As reported to the SEC, without any scoring.

REIT - Industrial

Ranks #5 of 11 by Smart Score

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