IIPRInnovative Industrial Properties, Inc.

$57.28

$41.2752 weeks$64.66

Price

$57.28+23%1Y

1M-1.8%1Y+23%

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

Above average

7/10

Value70

Quality47

Momentum68

Growth7

Strongest Value, 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)14.7

Market Cap$1.77B

1Y Return+23%

5Y Return-62%

Innovative Industrial Properties, Inc. (IIPR) reported revenue of $69M in Q1 2026 (quarter ended Mar 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 #3 of 8 by Smart Score

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