Innovative Industrial Propertie
IIPR
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- IIPR operates in the niche market of industrial real estate, focusing on properties leased to the cannabis industry, which is experiencing significant growth and demand.
- The company reported a profit margin of 52.27% and a gross margin of 88.36% in the latest quarter, indicating strong operational efficiency.
- IIPR's revenue for 2025 was $265.96 million, showing a consistent performance in a growing sector.
- The REIT faces increasing competition in the cannabis real estate sector, which could pressure margins and occupancy rates.
- IIPR's revenue decreased by 8% compared to the prior quarter, signaling potential challenges in maintaining growth.
- The company's current score indicates a 'Strong Sell' with a score of -24.00, reflecting negative market sentiment and technical indicators.
Fundamentals
| Market cap | $1.43B | Enterprise value | $1.96B | Trailing P/E | 11.75 | Forward P/E | 11.83 |
| PEG | — | Price / book | 0.83 | Beta | 1.42 | Dividend yield | 14.64% |
| Revenue growth | 0.7% | Earnings growth | 57.7% | Gross margin | 88.4% | Operating margin | 48.8% |
| Profit margin | 52.3% | ROE | 7.4% | ROA | 3.3% | Debt / equity | 0.33 |
| Current ratio | 4.58 | Free cash flow | $99.87M | Analyst recommendation | hold | Mean target | $64.50 |
| 52w high | $65.38 | 52w low | $44.58 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $63.3M | $69.0M | $66.7M | $64.7M | $62.9M | — |
| Op margin | 46.8% | 47.1% | 48.3% | 45.5% | 45.9% | — |
| Net income | $43.9M | $32.8M | $31.8M | $29.3M | $26.0M | — |
| Gross margin | 88.6% | 89.0% | 88.0% | 87.7% | 89.1% | — |
| Gross profit | $56.1M | $61.4M | $58.7M | $56.7M | $56.0M | — |
| Operating income | $29.6M | $32.5M | $32.2M | $29.4M | $28.9M | — |
- Revenue -8% vs prior quarter ($63M vs $69M).
- Gross margin 88.6% (was 89% prior quarter).
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $266M | $309M | $310M | $276M | — |
| Op margin | 48.1% | 55.7% | 56.4% | 60.1% | — |
| Net income | $118M | $162M | $166M | $154M | — |
| Gross margin | 88.7% | 90.8% | 92.0% | 96.2% | — |
| Gross profit | $236M | $280M | $285M | $266M | — |
| Operating income | $128M | $172M | $175M | $166M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-09 · Innovative Industrial Properties Prices $50 Million Preferred Stock Offering
2026-10-09 · Innovative Industrial Properties Prices Public Offering of 9.25% Series B Cumulative Redeemable Preferred Stock
2026-10-08 · Innovative Industrial Properties (IIPR) Could Be 17% Undervalued After Its Preferred Stock Offering
2026-10-07 · Innovative Industrial Properties Launches Public Offering of Preferred Stock
2026-10-07 · Innovative Industrial Properties Announces Launch of Series B Preferred Stock Offering
2026-10-03 · 2 High-Octane Cannabis Stocks to Buy in October for Aggressive Investors
2026-10-02 · Huntington Initiates Innovative Industrial Properties at Outperform With $60 Price Target
2026-10-01 · Innovative Industrial Properties Announces Mezzanine Loan Commitment of $245 Million for Alewife Park
2026-09-29 · Innovative Industrial Properties (IIPR) Sees a More Significant Dip Than Broader Market: Some Facts to Know
2026-09-18 · Innovative Industrial Properties (IIPR) Stock Sinks As Market Gains: Here's Why
2026-09-15 · Innovative Industrial Properties Declares Third Quarter 2026 Dividends
2026-09-11 · Innovative Industrial Properties (IIPR) Laps the Stock Market: Here's Why
Price (daily)
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