Innovative Industrial Properties Inc (IIPR)

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.


Jump directly to the stock analysis sections supported by the latest available data.

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 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
$80.92
45.5% Upside
Undervalued
$64.50
16.0% Upside
Fair
Great
September 30, 2026
October 15, 2026
13.5%
November 4, 2026
12.2x
0.9x
5.8x
1.534 B
1.791 B
26.6%
97.9%
1.7
160.7%
155.7%
Valuation • Fair Value

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

Review the available estimates for Innovative Industrial Properties Inc (NYSE-IIPR), including Ben Graham Formula Value, DDM Fair Value, Comps Fair Value.

Primary Valuation Read

Fair Value

$80.92

Estimated upside of 45.5% versus the current market price.

Fair Value Confidence

Med

Confidence level for the primary fair value estimate.

Ben Graham Formula Value

$50.79

Classic Ben Graham valuation formula reference.

DDM Fair Value

$90.66

Dividend discount model valuation reference.

Comps Fair Value

$78.49

Comparable-company valuation reference.

Analyst Price Target

$64.50

Analysts imply upside of 16.0%.

How to read these valuation models

Use the 6 available valuation references for Innovative Industrial Properties Inc (NYSE-IIPR) as analytical inputs, not a standalone conclusion. Valuation methods can differ because they rely on different assumptions, time horizons and financial inputs; compare the estimates with the current price and the company’s financial quality.

Profitability • Growth

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

Review the profitability and growth indicators currently supported by the latest data.

Revenue

263.7 M

Current operating scale indicator.

Revenue Forecast

258.3 M

Forward revenue estimate.

EBITDA

202.6 M

Current operating profitability reference.

EBITDA Forecast

199.8 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 the financial quality and risk indicators currently supported by the latest data.

Financial Health

Great

Positive financial-health read.

Piotroski Score

4

Mid-range quality score.

Altman Z-Score

1.7

Lower score that deserves closer risk review.

FCF / Net Income

155.7%

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 upcoming dates and dividend metrics currently supported by the latest data.

Next Earnings Date

November 4, 2026

Days to Earnings

47

Dividend Payment Date

October 15, 2026

Ex-Dividend Date

September 30, 2026

Dividend Yield

13.5%

Current income yield reference.

Payout Ratio

160.7%

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
Neutral

The 15-minute 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: 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
Strong Sell

The daily 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: weekly • weekly
Strong Sell

The weekly 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: monthly • monthly
Sell

The monthly technical read for Innovative Industrial Properties Inc (NYSE-IIPR) is currently Sell. 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

Data-supported answers about Innovative Industrial Properties Inc (NYSE-IIPR), including explicit coverage status where a reliable valuation estimate is not currently available.

Fair Value
$80.92
Estimated upside 45.5%
Valuation Rating
Undervalued
Estimated upside of 45.5%
Analyst Target
$64.50
Implied upside 16.0%
Financial Health
Great
Current financial-health read

The current fair value estimate for Innovative Industrial Properties Inc (NYSE-IIPR) is $80.92. This implies an estimated upside of 45.5% versus the current market price.

Based on the current fair value estimate, the stock appears undervalued, with estimated upside of 45.5% versus the current market price.

The available analyst price target for Innovative Industrial Properties Inc (NYSE-IIPR) is $64.50. The analyst target implies estimated upside of 16.0%.

The current financial health read for Innovative Industrial Properties Inc (NYSE-IIPR) is Great. 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 November 4, 2026.

Based on the current data, dividend yield is 13.5%, ex-dividend date is September 30, 2026, payment date is October 15, 2026.

The current P/E ratio listed for Innovative Industrial Properties Inc (NYSE-IIPR) is 12.2x. 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 1.534 B.

The current enterprise value listed for Innovative Industrial Properties Inc is 1.791 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 26.6%, which helps investors evaluate the company’s financing structure and leverage profile.

The free float listed for Innovative Industrial Properties Inc is 97.9%. Free float helps investors understand how much of the share base is available for public trading.