IIPR · NYSE
Innovative Industrial Properties (IIPR) Stock Price & Fundamentals
Innovative Industrial Properties (IIPR) closed at $623.42 on Oct 9, 2026, down 1.71% from the previous close of $634.26.
Share price, past year
1Y +34.91%Monthly closing prices
| Date | Close |
|---|---|
| Oct 9, 2026 | $623.42 |
| Sep 30, 2026 | $645.85 |
| Aug 31, 2026 | $663.84 |
| Jul 31, 2026 | $660.38 |
| Jun 30, 2026 | $618.35 |
| May 29, 2026 | $618.28 |
| Apr 30, 2026 | $612.11 |
| Mar 31, 2026 | $627.19 |
| Feb 27, 2026 | $586.60 |
| Jan 30, 2026 | $568.29 |
| Dec 31, 2025 | $529.44 |
| Nov 28, 2025 | $519.16 |
| Oct 31, 2025 | $480.51 |
Key statistics
- Market cap
- $17.19B
- P/E (TTM)
- 141.1
- EPS (TTM)
- $4.42
- Revenue (TTM)
- $263.65M
- Net income (TTM)
- $137.81M
- Shares outstanding
- 27.6M
- Dividend yield
- 1.22%
- 52-week range
- $461.93 – $672.60
Innovative Industrial Properties's market cap is $17.19B, based on a share price of $623.42 and 27.6M shares outstanding as of Jun 30, 2026.
Financials
Innovative Industrial Properties reported revenue of $265.96M for fiscal 2025, down 13.80% from fiscal 2024.
Innovative Industrial Properties earned net income of $118.25M in fiscal 2025, a net margin of 44.5%.
Annual revenue
| Fiscal year | Revenue | Growth | Net income | Net margin | EPS (diluted) | Free cash flow |
|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $265.96M | −13.8% | $118.25M | 44.5% | $3.93 | — |
| FY2024ended Dec 31, 2024 | $308.52M | −0.3% | $161.66M | 52.4% | $5.52 | — |
| FY2023ended Dec 31, 2023 | $309.51M | +12.0% | $165.59M | 53.5% | $5.77 | — |
| FY2022ended Dec 31, 2022 | $276.36M | +35.1% | $154.39M | 55.9% | $5.52 | — |
| FY2021ended Dec 31, 2021 | $204.55M | +75.0% | $113.99M | 55.7% | $4.55 | — |
| FY2020ended Dec 31, 2020 | $116.90M | +161.7% | $65.73M | 56.2% | $3.27 | — |
| FY2019ended Dec 31, 2019 | $44.67M | +202.1% | $23.48M | 52.6% | $2.03 | — |
| FY2018ended Dec 31, 2018 | $14.79M | +130.3% | $6.99M | 47.2% | $0.75 | — |
| FY2017ended Dec 31, 2017 | $6.42M | — | −$72.00K | −1.1% | −$0.13 | — |
| Quarter | Revenue | Net income | EPS (diluted) |
|---|---|---|---|
| Q2 FY2026ended Jun 30, 2026 | $63.32M | $43.85M | $1.36 |
| Q1 FY2026ended Mar 31, 2026 | $69.00M | $32.81M | $1.02 |
| Q4 FY2025ended Dec 31, 2025 | $66.66M | $31.84M | $1.07 |
| Q3 FY2025ended Sep 30, 2025 | $64.69M | $29.31M | $0.97 |
| Q2 FY2025ended Jun 30, 2025 | $62.89M | $26.02M | $0.86 |
| Q1 FY2025ended Mar 31, 2025 | $71.72M | $31.08M | $1.03 |
| Q4 FY2024ended Dec 31, 2024 | $76.74M | $40.03M | $1.35 |
| Q3 FY2024ended Sep 30, 2024 | $76.53M | $40.22M | $1.37 |
Company profile
- Name
- Innovative Industrial Properties, Inc.
- Ticker
- IIPR
- Exchange
- NYSE
- Industry (SEC SIC)
- Real Estate
- Headquarters
- 1389 Center Drive, Suite 200, Park City, UT 84098
- Fiscal year ends
- December
- SEC CIK
- 0001677576
Recent SEC filings
- Oct 1, 2026
- Sep 25, 2026
- Sep 1, 2026
- Aug 4, 2026
- Aug 3, 2026
- Jul 21, 2026
- Jun 15, 2026
- Jun 11, 2026
Frequently asked questions
What is Innovative Industrial Properties's stock price?
Innovative Industrial Properties (IIPR) closed at $623.42 on Oct 9, 2026, down 1.71% from the previous close of $634.26.
What is Innovative Industrial Properties's market cap?
Innovative Industrial Properties's market cap is $17.19B, based on a share price of $623.42 and 27.6M shares outstanding as of Jun 30, 2026.
How much revenue does Innovative Industrial Properties make?
Innovative Industrial Properties reported revenue of $265.96M for fiscal 2025, down 13.80% from fiscal 2024.
What is IIPR's P/E ratio?
Innovative Industrial Properties's price-to-earnings ratio is 141.1, based on trailing twelve-month diluted EPS of $4.42.
Does Innovative Industrial Properties pay a dividend?
Yes. Innovative Industrial Properties declared $7.60 per share in dividends over the last four quarters, a yield of 1.22%.
Sources and methodology
Fundamentals come from Innovative Industrial Properties, Inc.'s filings with the SEC (EDGAR XBRL company facts). Fourth-quarter figures that companies don't report separately are calculated as the fiscal year minus the first three quarters. Trailing twelve-month (TTM) figures sum the latest four quarters. Prices are generated sample data for development. Last updated Oct 9, 2026. Data sources and disclosures