Innovative Industrial Properties, Inc. (IIPR) Research

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.

Market snapshot

Symbol
IIPR
Price
$59.60
Day change
+1.62%
Market cap
$1.7B
P/E ratio
14.94x
52-week range
44.58-62.3
Sector
Real Estate
Industry
REIT - Industrial
Next earnings
in 1 month
Analyst price target
$84.67

Peer companies

  • Apollo Commercial Real Estate Finance, Inc. (ARI)
  • Ellington Financial Inc. (EFC)
  • EPR Properties (EPR)
  • Forestar Group Inc. (FOR)
  • KKR Real Estate Finance Trust Inc. (KREF)
  • Ladder Capital Corp (LADR)
  • Plymouth Industrial REIT, Inc. (PLYM)
  • TPG RE Finance Trust, Inc. (TRTX)

Recent insider activity

  • Ives Bruce Alan — A-Award (2652 shares) on 2026-06-09
  • Ives Bruce Alan — trade (0 shares) on 2026-06-09
  • Shoemaker Scott — A-Award (2652 shares) on 2026-06-09
  • Boyle David Gerard — A-Award (2652 shares) on 2026-06-09
  • Shoemaker Scott — M-Exempt (911 shares) on 2026-01-02

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