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Innovative Industrial Properties, Inc. Common stock (IIPR)

$54.40+4.54%
Close Nov 2, 2026 · split-adjusted
Oct 30, 2026$52.04▲ 5.15% in range
Nov 3, 2025Low $44.58 · High $64.67Oct 30, 2026
What changed · written from our data
As of Nov 2, 2026

Innovative Industrial Properties closed at $54.40 on Nov 2, up 4.54%, 15.9% below its 52-week closing high. Volume of 398.1K shares was 1.22× its 20-day average (close to normal).

Split-adjusted performance: +7.7% over one month, +2.8% over six months, +8.6% over one year.

In the quarter ended Jun 30, 2026, revenue was $63.31M, up 0.7% from a year earlier, with a net margin of 62.4%.

Short interest was 3.6M shares at the Oct 15 settlement, down 16.4% from the prior report (13.2% of float, 8.4 days to cover).

Market cap$1.50B27.6M shares
Revenue · quarter$63.3M+0.7% YoY
Diluted EPS$1.36+58.1% YoY
P/E · TTM11.9×P/S 5.7×
Net margin62.4%Gross 88.6%
Dividend yield13.97%$1.9 last paid
52-week range44.58 – 64.67−15.9% from high
Volume398.1K1.22× 20-day avg
Volatility · 60d25.2%Annualised
Short % of float13.2%8.4 days to cover
Net cash-$405.1MCash $204.7M
Next earnings—Not scheduled
Split-adjusted performance
1W +1.3%1M +7.7%3M −9.9%6M +2.8%YTD +14.9%1Y +8.6%3Y −24.3%5Y −79.5%

Earnings reactions

History →

No reported quarters with price history yet.

Rank within Real Estate

Percentile among 27 companies (100 = best)

6-month momentum74
Revenue growth39
Net margin96
Value (low P/E)60
Size69

Industry medians: 6-month return −7.8%, revenue growth +6.3%, net margin −2.3%, P/E 19.4×.

Short interest

Details →
Shares short3.6M−16.4% vs prior
Days to cover8.4Settled Oct 15
% of float13.2%
Short vol. 10d62.0%of daily volume

Closest peers by size in Real Estate

CompanyPriceToday6MRev. growthNet marginP/EMkt cap
IIPRInnovative Industrial Properties$54.40+4.54%+2.8%+0.7%62.4%11.9$1.50B
EFCEllington Financial$11.54+1.14%−11.3%+34.6%24.9%7.6$1.49BCompare
BXDCBlackstone Digital Infrastructure Trust$15.82+0.44%————$1.59BCompare
FORForestar Group$24.55+2.55%−6.4%+4.2%8.8%7.4$1.25BCompare
GTYGetty Realty$28.56+2.00%−13.4%+12.9%39.8%20.0$1.92BCompare
UEUBRAN EDGE PROPERTIES$20.66+3.66%−4.6%−0.5%43.0%25.0$2.61BCompare
CWKCushman & Wakefield$14.33+7.74%+3.5%+11.2%1.9%48.7$3.36BCompare
CURBCurbline Properties$28.94+1.44%+6.0%+46.2%10.5%128.5$3.51BCompare
HPPHudson Pacific Properties$9.87−6.36%+9.3%−0.9%−55.5%—$535.6MCompare

News about Innovative Industrial Properties

All news →
Innovative Industrial Properties (IIPR) Stock Dips While Market Gains: Key FactsZacks Investment Research · 6d agoNeutralWhy Innovative Industrial Properties (IIPR) Dipped More Than Broader Market TodayZacks Investment Research · Oct 16, 2026NeutralAre Options Traders Betting on a Big Move in Innovative Industrial Properties Stock?Zacks Investment Research · Oct 9, 2026▼ NegativeInnovative Industrial Properties (IIPR) Sees a More Significant Dip Than Broader Market: Some Facts to KnowZacks Investment Research · Sep 29, 2026NeutralInnovative Industrial Properties (IIPR) Stock Sinks As Market Gains: Here's WhyZacks Investment Research · Sep 18, 2026Neutral

Quick answers

What does Innovative Industrial Properties do?
Innovative Industrial Properties Inc is a real estate investment trust focused on the acquisition, ownership and management of specialized industrial and commercial properties in the United States. Its properties are prominently leased to state-licensed operators for their regulated cannabis facilities.
What is IIPR's market cap?
$1.50B, based on the Nov 2 close of $54.40.
What is IIPR's P/E ratio?
11.9× trailing-twelve-month earnings of $126.20M.
Does Innovative Industrial Properties pay a dividend?
Yes. The latest regular dividend was $1.9 per share (ex-date Sep 30), an annualised yield of 13.97%.
How much of IIPR is sold short?
3.6M shares, 13.2% of float, as of Oct 15, 2026.
What sector is IIPR in?
Real Estate, in the Real Estate industry.

About Innovative Industrial Properties

Innovative Industrial Properties Inc is a real estate investment trust focused on the acquisition, ownership and management of specialized industrial and commercial properties in the United States. Its properties are prominently leased to state-licensed operators for their regulated cannabis facilities. The company conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by its Operating Partnership, directly or through subsidiaries. Its segments are: Cannabis Portfolio and Life Science Portfolio, with the majority of revenue coming from the Cannabis Portfolio segment, which involves acquiring, developing, and leasing real estate to regulated cannabis operators on long-term triple-net leases.

HQ: Park City, UT24 employeesListed Dec 1, 2016innovativeindustrialproperties.com

Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology