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Innovative Industrial Properties Inc (IIPR)

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Innovative Industrial Properties, Inc. (NYSE: IIPR) is a real estate investment trust organized in Maryland in 2016. As a REIT, it focuses on acquiring, owning, and managing specialized industrial properties and life science real estate. The company is listed on the New York Stock Exchange and is classified as an industrial REIT, with its common stock traded under the ticker IIPR.


Stock Summary Fair Value Profitability & Growth Quality & Risk Events & Dividends Technical Outlook FAQ

Jump between the core stock analysis sections, valuation data, fair value models, technical outlook, and FAQ.

Data update note: Fair value and stock analysis metrics are updated after regular market sessions when new data becomes available.
Ticker Fair Value Fair Value Upside/Downside Fair Value Rating Analyst Price Target Analyst Target Upside/Downside Analyst Target Rating Overall Financial Health Upcoming Dividend Ex-Date Dividend Payment Date Upcoming Dividend Dividend Yield Next Earnings Date P/E Ratio Price-to-Book Ratio Price-to-Sales Ratio Market Cap Enterprise Value Total Debt / Total Capital Free Float / Shares Outstanding Altman Z-Score Payout Ratio Free Cash Flow / Net Income
NYSE-IIPR
$86.41
37.6% Upside
Undervalued
$63.25
0.7% Upside
Fair
Good
—
—
7.6
11.8%
August 5, 2026
16.3x
1.0x
6.9x
1.866 B
2.042 B
15.6%
98.0%
2.4
183.0%
180.0%
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Valuation • Fair Value

Innovative Industrial Properties Inc (NYSE-IIPR) Fair Value by Valuation Model

Compare the primary fair value estimate for Innovative Industrial Properties Inc (NYSE-IIPR) with model-based valuation references such as DCF, Ben Graham, DDM, EPV and comparable-company valuation.

Primary Valuation Read

Fair Value

$86.41

Estimated upside of 37.6% versus the current market price.

Fair Value Confidence

Med

Confidence level for the primary fair value estimate.

DCF Fair Value

NM

Discounted cash flow valuation reference.

Ben Graham Formula Value

$42.50

Classic Ben Graham valuation formula reference.

DDM Fair Value

$77.04

Dividend discount model valuation reference.

EPV Fair Value

NM

Earnings power value estimate.

Comps Fair Value

$88.76

Comparable-company valuation reference.

Analyst Price Target

$63.25

Analysts imply upside of 0.7%.

How to read these valuation models

Use this section to compare the primary fair value estimate for Innovative Industrial Properties Inc (NYSE-IIPR) with several model-based valuation references. Different models can produce different outputs because each method relies on a different set of assumptions, so the primary fair value estimate should be read alongside the model spread rather than in isolation.

Profitability • Growth

Profitability & Growth for Innovative Industrial Properties Inc (NYSE-IIPR)

A compact read on revenue, forward revenue expectations, EBITDA and operating profitability trends.

Revenue

263.2 M

Current operating scale indicator.

Revenue Forecast

273.6 M

Forward revenue estimate.

EBITDA

200.7 M

Current operating profitability reference.

EBITDA Forecast

206.3 M

Forward operating profitability estimate.

How to read profitability and growth

This section helps investors review Innovative Industrial Properties Inc (NYSE-IIPR) from an operating perspective by combining current scale, forward revenue expectations and EBITDA-related profitability measures.

Quality • Risk

Quality & Financial Risk for Innovative Industrial Properties Inc (NYSE-IIPR)

Review financial health, earnings quality and balance-sheet risk through Piotroski, Beneish, Altman and cash conversion metrics.

Financial Health

Good

Positive financial-health read.

Piotroski Score

4

Mid-range quality score.

Beneish M-Score

NM

Forensic accounting screen.

Altman Z-Score

2.4

Intermediate risk zone.

FCF / Net Income

180.0%

Cash conversion quality indicator.

How to read quality and risk

This section combines quality, balance-sheet and accounting-risk indicators for Innovative Industrial Properties Inc (NYSE-IIPR). Read the metrics together: no single score is a complete investment conclusion, but the combined view can highlight financial strength, earnings quality and areas that may deserve closer review.

Events • Dividends

Upcoming Events & Dividends for Innovative Industrial Properties Inc (NYSE-IIPR)

Track the next earnings date, ex-dividend date, dividend payment date, dividend yield and upcoming distribution details where available.

Next Earnings Date

August 5, 2026

Days to Earnings

15

Dividend Payment Date

Not available

Ex-Dividend Date

Not available

Dividend Yield

11.8%

Income yield reference.

Upcoming Dividend

7.6

Upcoming distribution amount.

Payment Type

Not available

Data is currently unavailable.

Dividend Currency

USD

Currency used for the distribution.

Payout Ratio

183.0%

Dividend payout reference.

How to read events and dividends

This section helps investors track time-sensitive items for Innovative Industrial Properties Inc (NYSE-IIPR), including the next earnings date and dividend-related milestones. These items can matter for short-term volatility, income planning and event-driven positioning.

Stock Forecast • Technical Outlook

Innovative Industrial Properties Inc (NYSE-IIPR) Stock Forecast & Technical Outlook

Review Innovative Industrial Properties Inc (NYSE-IIPR) across multiple technical time frames, alongside analyst recommendation data, to form a faster read on market positioning and near-term sentiment.

Technical Signals by Time Frame

Switch between time frames to review the current technical signal for the stock.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 15-minute • intraday
Strong Sell

The 15-minute technical read for Innovative Industrial Properties Inc (NYSE-IIPR) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 1-hour • short-term
Strong Sell

The 1-hour technical read for Innovative Industrial Properties Inc (NYSE-IIPR) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: daily • daily
Neutral

The daily technical read for Innovative Industrial Properties Inc (NYSE-IIPR) is currently Neutral. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: weekly • weekly
Buy

The weekly technical read for Innovative Industrial Properties Inc (NYSE-IIPR) is currently Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: monthly • monthly
Buy

The monthly technical read for Innovative Industrial Properties Inc (NYSE-IIPR) is currently Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Analyst Consensus for Innovative Industrial Properties Inc (NYSE-IIPR)

A consolidated view of buy, hold and sell recommendations based on the currently available analyst data.

Strong Sell Sell Neutral Buy Strong Buy
Consolidated analyst recommendation mix
Hold

Based on the available recommendation mix, Innovative Industrial Properties Inc (NYSE-IIPR) has a Hold consensus, with 1 buy, 4 hold and 0 sell recommendations in the current data set.

Buy 1
Hold 4
Sell 0
FAQ • Fast Investor Answers

Innovative Industrial Properties Inc (NYSE-IIPR) Stock FAQ

Quick answers about Innovative Industrial Properties Inc (NYSE-IIPR) stock, including fair value, valuation rating, analyst price target, dividends, earnings dates, market capitalization, financial health and other key stock analysis metrics.

Fair Value
$86.41
Estimated upside 37.6%
Valuation Rating
Undervalued
Estimated upside of 37.6%
Analyst Target
$63.25
Implied upside 0.7%
Financial Health
Good
Current financial-health read

The current fair value estimate for Innovative Industrial Properties Inc (NYSE-IIPR) is $86.41. This implies an estimated upside of 37.6% versus the current market price.

Based on the current fair value estimate, the stock appears undervalued, with estimated upside of 37.6% versus the current market price.

The available analyst price target for Innovative Industrial Properties Inc (NYSE-IIPR) is $63.25. The analyst target implies estimated upside of 0.7%.

The current financial health read for Innovative Industrial Properties Inc (NYSE-IIPR) is Good. This should be reviewed alongside valuation, profitability, debt and cash-flow quality metrics.

The next earnings date currently listed for Innovative Industrial Properties Inc (NYSE-IIPR) is August 5, 2026.

Based on the current data, dividend yield is 11.8%, upcoming dividend amount is 7.6.

The current P/E ratio listed for Innovative Industrial Properties Inc (NYSE-IIPR) is 16.3x. Use it together with growth, margins and sector comparisons rather than as a standalone valuation signal.

The current market capitalization listed for Innovative Industrial Properties Inc is 1.866 B.

The current enterprise value listed for Innovative Industrial Properties Inc is 2.042 B. Enterprise value can provide a broader valuation view than market capitalization alone because it also considers net debt.

The ticker symbol for Innovative Industrial Properties Inc is NYSE-IIPR, and the stock is listed on NYSE.

Innovative Industrial Properties Inc (NYSE-IIPR) is listed on NYSE.

The current debt-to-total-capital ratio listed for Innovative Industrial Properties Inc is 15.6%, which helps investors evaluate the company’s financing structure and leverage profile.

The free float listed for Innovative Industrial Properties Inc is 98.0%. Free float helps investors understand how much of the share base is available for public trading.

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