Innovative Industrial Properties share price logo

Innovative Industrial Properties

NYSE: IIPR

Small Cap

$55.52

-0.07

(-0.13%)

as on

Innovative Industrial Properties Stock Performance

as on September 28, 2026 at 2:15 pm IST

  • Day's Low

    Day's High

    $55.26
    $56.06
    downward going graph

    0.47%

    Downside

    0.97%

    Upside

    downward going graph
  • 52 Week's Low

    52 Week's High

    $44.58
    $65.38
    downward going graph

    19.70%

    Downside

    17.76%

    Upside

    downward going graph

Innovative Industrial Properties share price movements today

Previous Close
$55.59
Open
$55.95
Volume
446.5K
Market Cap
$1.5B
Dividend Yield
13.69%
Day's Low - High
$55.26 - $56.06
52 Week Low - High
$44.58 - $65.38

Innovative Industrial Properties Historical Returns

1 Month Return
-1.4 %
3 Month Return
-11.77 %
1 Year Return
+ 1.95 %
3 Year Return
-24.26 %
5 Year Return
-76.26 %

Innovative Industrial Properties Stock Fundamentals & Key Indicators

Check Innovative Industrial Properties market cap, PE, PB, PEG ratios, dividend yield, and other key fundamental indicators.

Market Cap

$1.5B

EPS (TTM)

4.51

Dividend Yield

13.69%

Quarterly Earnings Growth YOY

0.58%

PE Ratio (TTM)

12.3

Industry PE ratio

23.85

PEG Ratio

-3.3859345245858683

EBITDA

238.4M

Revenue (TTM)

263.7M

Profit Margin

62.92%

Return On Equity TTM

7.39%

Innovative Industrial Properties Stock Valuation

Track how Innovative Industrial Properties P/E has moved over time to understand its valuation trends.

Innovative Industrial Properties in the last 5 years

  • Overview

  • Trends

Lowest (11.90x)

December 31, 2025

Today (11.90x)

December 31, 2025

Industry (23.85x)

December 31, 2025

Highest (55.13x)

December 31, 2021

LowHigh

Today’s Price to Earnings Ratio: 11.90x

Innovative Industrial Properties vs Peer Comparison

Compare market cap, revenue, PE, and other key metrics of Innovative Industrial Properties with its industry peers.

Company
Analyst View
Market Cap
5 Years Return %PE RatioProfit Margin %Dividend Yield %
Hold$1.5B-76.26%12.362.92%13.69%
Buy$10.9B18.45%35.4644.17%3.06%
Buy$129.0B5.95%29.5629.05%3.17%
Buy$29.4B-22.17%29.4423.00%4.86%
Neutral$53.8B-3.86%27.460.36%4.17%

Stock Returns calculator for Innovative Industrial Properties Stock including INR - Dollar returns

The Innovative Industrial Properties stock calculator helps Indian investors calculate returns based on the historical performance of the stock. Just choose your investment amount and duration to get insights and invest more confidently. See stock returns as well as the effect of dollar appreciation over different durations.

*Dollar Impact: The bonus return you make when the US Dollar rises against the Rupee; calculated on the full amount you walk away with, not just what you invested in.

Investment Value

₹1,00,000

  • 1Y

  • 3Y

  • 5Y

  • 7Y

Innovative Industrial Properties investment value today

Current value as on today

₹1,10,309

Returns

₹10,309

(+10.31%)

Returns from Innovative Industrial Properties Stock

₹1,946 (+1.95%)

Dollar Impact

₹8,362 (+8.36%)

Analyst Recommendation on Innovative Industrial Properties Stock

Based on 13 analysts

HOLD

53.85%

Buy

46.15%

Hold

0.00%

Sell

Based on 13 analysts, 53.85% of analysts recommend a 'HOLD' rating for Innovative Industrial Properties. Average target price of $64.5

Innovative Industrial Properties Share Price Target

Get share price movements and forecasts by analysts on Innovative Industrial Properties.

What analysts predicted

13.92%UPSIDE

Target Price

$64.5

Current Price

$55.52

Analyzed by

13 Analysts

Target

$64.50

Innovative Industrial Properties target price $64.5, a slight upside of 13.92% compared to current price of $55.52. According to 13 analysts rating.

Indian Investors' Interest in Innovative Industrial Properties Stock

Search interest for Innovative Industrial Properties Stock has increased by 138% in the last 30 days, reflecting an upward trend in search activity.

Time period: to

Change:138% versus previous 30 day period

Innovative Industrial Properties Quarterly Profit & Loss

All numbers in Millions USD

Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Total Revenue
75
79
76
76
71
62
64
66
68
63
Gross Profit
68
72
69
69
64
56
56
21
24
63
Operating Income
42
42
41
42
33
28
29
32
32
43
EBITDA
60
63
62
61
53
48
52
57
57
70
Interest Expense
4
4
4
3
4
4
4
6
6
8
Depreciation
17
17
17
18
18
18
18
18
18
18
Income Before Tax
39
41
40
40
31
26
29
31
32
43
Income Tax Expense
-
-
-
-
-
-
-
-
-
-
Net Income
39
41
40
40
31
26
29
31
32
43
Net Profit Margin
91.11%
91.40%
90.47%
90.09%
89.71%
89.08%
87.71%
32.41%
35.15%
100.00%

Innovative Industrial Properties Annual Profit & Loss

All numbers in Millions USD

Dec 2017
Dec 2018
Dec 2019
Dec 2020
Dec 2021
Dec 2022
Dec 2023
Dec 2024
Dec 2025
Total Revenue
6
14
44
116
204
276
309
308
265
Gross Profit
6
14
43
111
200
265
284
280
235
Operating Income
0
5
24
69
135
169
174
168
124
EBITDA
0
7
37
100
172
232
248
248
208
Interest Expense
-
-
6
7
18
18
16
16
20
Depreciation
6
9
8
28
41
61
67
70
74
Income Before Tax
0
6
23
65
113
154
165
161
114
Income Tax Expense
-
-
-
-
-
-
-
-
-
Net Income
0
6
23
65
113
154
165
161
114
Net Profit Margin
98.16%
96.99%
97.06%
95.76%
97.83%
96.19%
91.96%
90.77%
88.65%

Innovative Industrial Properties Quarterly Cash Flow

All numbers in Millions USD

Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Net Income
39
41
40
40
31
26
29
31
31
44
Operating Cash Flow
71
64
64
58
54
48
45
49
56
44
Investing Cash Flow
-14
-44
6
-3
-17
-5
-109
-41
0
-78
Financing Cash Flow
-45
-52
-44
-55
-55
-71
1
2
-14
151
Change in Cash
11
-32
26
0
-18
-28
-62
10
41
118

Innovative Industrial Properties Annual Cash Flow

All numbers in Millions USD

Dec 2017
Dec 2018
Dec 2019
Dec 2020
Dec 2021
Dec 2022
Dec 2023
Dec 2024
Dec 2025
Net Income
0
6
23
65
113
154
165
161
114
Operating Cash Flow
5
15
44
110
188
234
255
258
198
Investing Cash Flow
-38
-199
-340
-1,027
-384
-396
-6
-55
-174
Financing Cash Flow
12
184
399
924
155
164
-195
-197
-122
Change in Cash
-21
1
104
8
-39
2
53
4
-98

Mutual Funds that own Innovative Industrial Properties Stock

Check out the Mutual Funds with significant holdings in Innovative Industrial Properties.

Funds
Holdings
Shares Held
VANGUARD INDEX FUNDS
8.173281%
2253484
VANGUARD SPECIALIZED FUNDS
3.773692%
1040458
VANGUARD FIXED INCOME SECURITIES FUNDS
0.669561%
184607
VANGUARD SCOTTSDALE FUNDS
0.581255%
160260
VANGUARD ADMIRAL FUNDS
0.57185%
157667

Global Institutional Holdings in Innovative Industrial Properties

Funds
Holdings
Vanguard
14.41%
iShares
12.2%
VANGUARD INDEX FUNDS
8.17%
VANGUARD SPECIALIZED FUNDS
3.77%
Global X
3.69%

Innovative Industrial Properties News & Key Events

  • img

    Today's Timeline - 24 February

    Tue, 04:45 PM

    -

    Innovative Industrial Properties releases annual 10-K report detailing financial performance and challenges in the cannabis market.

    Tue, 10:38 PM

    -

    DCF analysis indicates Innovative Industrial Properties is undervalued by 59.7%, with an intrinsic value of $114.60 per share.

Insights on Innovative Industrial Properties

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 5 quarters, 26.02M → 43.85M (in $), with an average increase of 11.8% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, EastGroup Properties Inc. has given 19.7% return, outperforming this stock by 17.8%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, EastGroup Properties Inc. has given 21.5% return, outperforming this stock by 45.8%

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 68.99M → 63.31M (in $), with an average decrease of 8.2% per quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, IIPR stock has moved down by -1.4%

About Innovative Industrial Properties

Innovative Industrial Properties, Inc. is an independently managed, Maryland-based corporation primarily focused on acquiring, owning, and overseeing unique real estate assets. These properties are subsequently leased to experienced, state-licensed operators who utilize them for their regulated medical cannabis facilities. For tax purposes, the company adopted the structure of a Real Estate Investment Trust (REIT) starting from the end of 2017.
OrganisationInnovative Industrial Properties
Headquarters11440 West Bernardo Court, San Diego, CA, 92127, US
IndustryREIT - Industrial
CEOPaul E. Smithers
E-voting on sharesClick here to vote

Key Management of Innovative Industrial Properties

Name

Title

Mr. Paul E. Smithers

President, CEO & Director

Ms. Catherine Hastings CPA

Chief Operating Officer

Mr. Andy Bui

VP & Chief Accounting Officer

Ms. Kelly C. Spicher

Senior Vice President of Real Estate Counsel

Ms. Tracie Hager

Senior Vice President of Asset Management

Mr. Alan D. Gold

Executive Chairman

Mr. David Jon Smith

CFO & Treasurer

Mr. Ben Regin

Chief Investment Officer

Eli Kanter

Senior Associate of Finance

FAQs

What is Innovative Industrial Properties share price today?

Innovative Industrial Properties share price today is $55.52 as on at the close of the market. Innovative Industrial Properties share today touched a day high of $56.06 and a low of $55.26.

What is the 52 week high and 52 week low for Innovative Industrial Properties share?

Innovative Industrial Properties share touched a 52 week high of $65.38 on and a 52 week low of $44.58 on . Innovative Industrial Properties stock price today i.e. is closed at $55.52,which is 15.08% down from its 52 week high and 24.54% up from its 52 week low.

What is Innovative Industrial Properties's market capitalisation today?

Innovative Industrial Properties market capitalisation is $0.00T as on .

How to invest in Innovative Industrial Properties Stock (IIPR) from India?

  1. Step 1: Open a free US stocks account on INDmoney App and transfer your Rupees into Dollars to your INDmoney US stocks account. For a step by step instruction, check How to Transfer Money to Your US Stocks Account .
  2. Step 2: Search for Innovative Industrial Properties on INDmoney app. Click on Buy button. You can invest as low as $1.5 in Innovative Industrial Properties Shares that will get you 0.0270 shares as per Innovative Industrial Properties share price of $55.52 per share as on September 28, 2026 at 8:45 am IST.

What is the minimum amount required to buy Innovative Industrial Properties Stock (IIPR) from India?

Indian investors can start investing in Innovative Industrial Properties (IIPR) shares with as little as ₹95.980003356934 or $1 (as of ) using the INDmoney app.
For example: If you want to invest $10 or ₹959.80 in Innovative Industrial Properties stock (as per the Rupee-Dollar exchange rate as on ). Based on Innovative Industrial Properties share’s latest price of $55.52 as on September 28, 2026 at 8:45 am IST, you will get 0.1801 shares of Innovative Industrial Properties. Learn more about fractional shares .

What are the returns that Innovative Industrial Properties has given to Indian investors in the last 5 years?

Innovative Industrial Properties stock has given -76.26% share price returns and 29.13% dollar appreciation to an Indian investor in the last 5 years.
Read more about How do Currency Exchange Rates impact your returns on US Stock Investments?