Innovative Industrial Properties, Inc.
Innovative Industrial Properties, Inc. is an internally managed real estate investment trust (REIT). The Company is focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated cannabis facilities. It acquires its properties through sale-leaseback transactions and third-party purchases. The Company owns approximately 109 properties comprising an aggregate of 9.0 million rentable square feet (including 666,000 rentable square feet under development/redevelopment) in 19 states, including Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington. Its subsidiary is IIP Operating Partnership, LP (Operating Partnership).
Stock Performance Snapshot
Analyst Rating
Analysts suggest holding Innovative Industrial Properties' stock, expecting a rise to $84.5 soon.
Financial Health
Innovative Industrial Properties is performing well with strong revenue, profits, and cash flow.
Dividend
Innovative Industrial Properties offers a high dividend yield of 16.49%, making it appealing to income-focused investors. If you invested $1000 you would be paid $164.90 a year in dividends (based on the last 12 months).
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Published: June 17, 2025
Explore BasketWhy You’ll Want to Watch This Stock
Income with risks
IIPR receives rental income from long‑term leases, offering potential yield for income‑focused investors, though dividends can vary and are not guaranteed.
Regulatory sensitivity
Performance is tied to state cannabis markets and federal policy; legal changes can create both opportunities and operational or banking challenges.
Growth via acquisitions
The company expands by purchasing properties and leasing them to operators; financing, leverage and tenant health shape future growth prospects.
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