Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
IPO Year: 2016
Exchange: NYSE
Website: innovativeindustrialproperties.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/3/2026 | $45.00 | Sell → Neutral | Compass Point |
| 7/2/2025 | Outperform → Peer Perform | Wolfe Research | |
| 4/23/2025 | $57.00 | Outperform | Wolfe Research |
| 3/31/2025 | $61.00 → $50.00 | Neutral → Sell | Compass Point |
| 12/23/2024 | Buy → Neutral | BTIG Research | |
| 12/20/2024 | $118.00 → $70.00 | Neutral → Underweight | Piper Sandler |
| 12/20/2024 | $125.00 → $78.00 | Buy → Neutral | Compass Point |
| 12/17/2024 | $130.00 | Buy | Alliance Global Partners |
| 11/8/2024 | $125.00 | Neutral → Buy | Compass Point |
| 9/5/2023 | $95.00 | Buy → Neutral | Compass Point |
Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
Compass Point upgraded Innovative Industrial Properties from Sell to Neutral and set a new price target of $45.00
Wolfe Research downgraded Innovative Industrial Properties from Outperform to Peer Perform
Wolfe Research resumed coverage of Innovative Industrial Properties with a rating of Outperform and set a new price target of $57.00
Compass Point downgraded Innovative Industrial Properties from Neutral to Sell and set a new price target of $50.00 from $61.00 previously
BTIG Research downgraded Innovative Industrial Properties from Buy to Neutral
Piper Sandler downgraded Innovative Industrial Properties from Neutral to Underweight and set a new price target of $70.00 from $118.00 previously
Compass Point downgraded Innovative Industrial Properties from Buy to Neutral and set a new price target of $78.00 from $125.00 previously
Alliance Global Partners initiated coverage of Innovative Industrial Properties with a rating of Buy and set a new price target of $130.00
Compass Point upgraded Innovative Industrial Properties from Neutral to Buy and set a new price target of $125.00
Compass Point downgraded Innovative Industrial Properties from Buy to Neutral and set a new price target of $95.00
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)
4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)
4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)
4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)
4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)
4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)
4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)
4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)
4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)
4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
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4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it has fully repaid its outstanding $282 million of 5.50% Senior Notes Due May 2026, satisfying a significant public debt maturity for the Company. The repayment was completed through cash on hand, availability under the Company's revolving credit facilities and proceeds from recently closed term loans. "Repaying this bond maturity represents a meaningful milestone for IIP, which reflects the strength of our balance sheet, disciplined capital allocation strategy and the execution capabilities of our best-in-class management team. As part of this process, we have added multiple new lending relationships to the Company
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it has closed on four secured term loans totaling $44.9 million in gross proceeds (the "Loans"). The Loans have an initial term of five years, bear interest at a fixed rate of 6.67% and are secured by certain properties of the Company. The proceeds from the Loans are expected to be used to pay off the Company's unsecured notes that are maturing at the end of this month. "This financing reflects our continued commitment to maintaining a strong and flexible balance sheet. By extending our debt maturity profile and securing attractively priced capital through a new lending relationship, we believe we are well positioned
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it has closed on a $56.5 million secured term loan (the "Loan"). The Loan has an initial term of three years, bears interest at the one-month Secured Overnight Financing Rate (SOFR) plus a spread of 500 basis points, is interest only and is secured by certain properties of the Company. The proceeds from the Loan are expected to be used to pay off the Company's unsecured notes that are maturing at the end of this month. "The successful closing of this loan reflects the continued confidence in our platform and portfolio. We are appreciative of our new lending relationship that provided this capital to the Company," sai
$128 Million of Equity and Debt Capital Raised Year-To-Date Executed Leases for 389,000 Square Feet Year-To-Date Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company") announced today results for the first quarter ended March 31, 2026. Executive Chairman Remarks "We are encouraged by the pace of leasing activity year-to-date, including nearly 400,000 square feet of executed leases, which underscores the ongoing demand for our properties," said Alan Gold, Executive Chairman of IIP. "At the same time, we have taken deliberate steps to fortify our balance sheet through equity and debt capital raising activity, and have additional secured and unsecured debt financin
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it will report its first quarter 2026 results after the close of trading on the New York Stock Exchange on Monday, May 4, 2026. Management will host an investor conference call at 9:00 a.m. Pacific Time on Tuesday, May 5, 2026, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativeindustrialproperties.com, or live by calling 1-800-715-9871 (domestic) or 1-646-307-1963 (international) and asking to be joined to the Innovative Industrial Properties, Inc. conference c
Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company") announced today the following portfolio updates, including the execution of 122,000 square feet of new leases in March 2026, as the Company continues to execute on its previously announced plan to enhance the performance of its real estate portfolio and drive long-term value for its shareholders: PharmaCann The Company has resolved all pending litigation with PharmaCann Inc. ("PharmaCann") with respect to PharmaCann's prior lease defaults. The settlement agreement that the Company has entered into with PharmaCann includes monetary judgments for amounts owed by PharmaCann under the leases for New York, Ohio and P
Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company") announced today that its board of directors has declared a first quarter 2026 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. Since its inception in 2016, the Company has paid $1.1 billion in common stock dividends to its shareholders. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP's 9.00% Series A Cumulative Redeemable Preferred Stock. The dividends are payable on April 15, 2026 to stockholders of record at the close of business on March 31, 2026. About Innovative In
Raised $146 Million of Attractively Priced Debt and Preferred Equity Since October 2025 Executed leases for 337,000 square feet in Q4'25 and Q1'26 To Date Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company") announced today results for the fourth quarter and full year ended December 31, 2025. Executive Chairman Remarks "During 2025, we made significant progress executing on our strategy to diversify the Company's portfolio, strengthen our balance sheet, and actively resolve tenant-related matters," said Alan Gold, Executive Chairman of IIP. "Our strategic investment in IQHQ and establishment of a new $100 million revolving credit facility reflect our disciplin
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it will report its fourth quarter 2025 results after the close of trading on the New York Stock Exchange on Monday, February 23, 2026. Management will host an investor conference call at 9:00 a.m. Pacific Time on Tuesday, February 24, 2026, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativeindustrialproperties.com, or live by calling 1-800-715-9871 (domestic) or 1-646-307-1963 (international) and asking to be joined to the Innovative Industrial Properties, Inc.
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) today announced the tax treatment of its 2025 distributions as follows: Security Description: Common Stock CUSIP: 45781V101 Ticker Symbol: IIPR Record Date Payable Date Total Distribution Per Share Allocable to 2025 Taxable Ordinary Dividend Return of Capital Long-Term Capital Gain Unrecaptured Section 1250 Gain Section 199A Dividend(1) 12/31/2024 01/15/2025 $1.900000 $1.070000 $0.970900 $0.099100 $0.000000 $0.000000 $0.970900 03/31/2025 04/15/2025 $1.900000 $1.900000
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$128 Million of Equity and Debt Capital Raised Year-To-Date Executed Leases for 389,000 Square Feet Year-To-Date Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company") announced today results for the first quarter ended March 31, 2026. Executive Chairman Remarks "We are encouraged by the pace of leasing activity year-to-date, including nearly 400,000 square feet of executed leases, which underscores the ongoing demand for our properties," said Alan Gold, Executive Chairman of IIP. "At the same time, we have taken deliberate steps to fortify our balance sheet through equity and debt capital raising activity, and have additional secured and unsecured debt financin
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it will report its first quarter 2026 results after the close of trading on the New York Stock Exchange on Monday, May 4, 2026. Management will host an investor conference call at 9:00 a.m. Pacific Time on Tuesday, May 5, 2026, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativeindustrialproperties.com, or live by calling 1-800-715-9871 (domestic) or 1-646-307-1963 (international) and asking to be joined to the Innovative Industrial Properties, Inc. conference c
Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company") announced today that its board of directors has declared a first quarter 2026 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. Since its inception in 2016, the Company has paid $1.1 billion in common stock dividends to its shareholders. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP's 9.00% Series A Cumulative Redeemable Preferred Stock. The dividends are payable on April 15, 2026 to stockholders of record at the close of business on March 31, 2026. About Innovative In
Raised $146 Million of Attractively Priced Debt and Preferred Equity Since October 2025 Executed leases for 337,000 square feet in Q4'25 and Q1'26 To Date Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company") announced today results for the fourth quarter and full year ended December 31, 2025. Executive Chairman Remarks "During 2025, we made significant progress executing on our strategy to diversify the Company's portfolio, strengthen our balance sheet, and actively resolve tenant-related matters," said Alan Gold, Executive Chairman of IIP. "Our strategic investment in IQHQ and establishment of a new $100 million revolving credit facility reflect our disciplin
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it will report its fourth quarter 2025 results after the close of trading on the New York Stock Exchange on Monday, February 23, 2026. Management will host an investor conference call at 9:00 a.m. Pacific Time on Tuesday, February 24, 2026, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativeindustrialproperties.com, or live by calling 1-800-715-9871 (domestic) or 1-646-307-1963 (international) and asking to be joined to the Innovative Industrial Properties, Inc.
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) today announced the tax treatment of its 2025 distributions as follows: Security Description: Common Stock CUSIP: 45781V101 Ticker Symbol: IIPR Record Date Payable Date Total Distribution Per Share Allocable to 2025 Taxable Ordinary Dividend Return of Capital Long-Term Capital Gain Unrecaptured Section 1250 Gain Section 199A Dividend(1) 12/31/2024 01/15/2025 $1.900000 $1.070000 $0.970900 $0.099100 $0.000000 $0.000000 $0.970900 03/31/2025 04/15/2025 $1.900000 $1.900000
Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company") announced today that its board of directors has declared a fourth quarter 2025 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. Since its inception in 2016, the Company has paid $1.1 billion in common stock dividends to its shareholders. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP's 9.00% Series A Cumulative Redeemable Preferred Stock. The dividends are payable on January 15, 2026 to stockholders of record at the close of business on December 31, 2025. About Innovative
Announced $270 Million Commitment Into IQHQ, A Premier Life Science Real Estate Platform Closed on a New $100 Million Secured Revolving Credit Facility Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company") announced today results for the third quarter ended September 30, 2025. Executive Chairman Remarks "We are pleased to have made our first investment outside of the cannabis industry during the third quarter with our $270 million financial investment into IQHQ, marking IIP's return to growth and providing meaningful diversification and accretion for IIP's shareholders," said Alan Gold, Executive Chairman of IIP. "In addition, the successful closing of our new
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it will report its third quarter 2025 results after the close of trading on the New York Stock Exchange on Monday, November 3, 2025. Management will host an investor conference call at 9:00 a.m. Pacific Time on Tuesday, November 4, 2025, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativeindustrialproperties.com, or live by calling 1-877-328-5514 (domestic) or 1-412-902-6764 (international) and asking to be joined to the Innovative Industrial Properties, Inc. co
Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company"), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a third quarter 2025 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. Since its inception in 2016, the Company has paid $1.0 billion in common stock dividends to its shareholders. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP's 9.00% Series A Cumulative Redeemable Preferred Stock. The dividends a
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