IIPR

Innovative Industrial Properties Inc

55.60
-1.37 (-2.40%)
USD · NYSE
52-week range
40.04
65.38
Trading at 61% of the 52-week range
Market Cap
1.57B
P/E Ratio
12.95
Forward P/E
12.82
Book Value
62.48
Div. Yield
13.28%
% Institutions
78.64%
% Insiders
1.98%

1 Year

+13.8%

3 Year

-13.8%

10 Year

+424.9%
Description

Innovative Industrial Properties, Inc. is an internally managed real estate investment trust focused on the acquisition, ownership and management of specialized industrial properties and financial investments in the life science industry. As of June 30, 2026, we owned 108 properties comprising an aggregate of approximately 8.4 million rentable square feet in 19 states. Innovative Industrial Properties, Inc. was established on June 15th 2016 and is incorporated in Maryland.

Company Information

Company Name
Innovative Industrial Properties Inc
Sector
Real Estate
Industry
REIT - Industrial
Exchange
NYSE
ISIN: US45781V1017
CIK: 0001677576
CUSIP: 45781V101
Currency: USD
Full Time Employees: 24
Phone: 858 997 3332
Fiscal Year End: December
IPO Date: Dec 01, 2016
Description:

Innovative Industrial Properties, Inc. is an internally managed real estate investment trust focused on the acquisition, ownership and management of specialized industrial properties and financial investments in the life science industry. As of June 30, 2026, we owned 108 properties comprising an aggregate of approximately 8.4 million rentable square feet in 19 states. Innovative Industrial Properties, Inc. was established on June 15th 2016 and is incorporated in Maryland.

Address:

11440 West Bernardo Court, San Diego, CA, United States, 92127

People

Directors & Officers

Name Title Year Born
Mr. Alan D. Gold Executive Chairman 1960
Mr. Paul E. Smithers President, CEO & Director 1957
Mr. David Jon Smith CFO & Treasurer 1981
Ms. Catherine Hastings CPA Chief Operating Officer 1971
Mr. Ben Regin Chief Investment Officer NA
Mr. Andy Bui VP & Chief Accounting Officer 1982
Ms. Kelly C. Spicher Senior Vice President of Real Estate Counsel NA
Ms. Tracie Hager Senior Vice President of Asset Management 1961
Eli Kanter Senior Associate of Finance NA

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Nov 24, 2025 Alan D Gold N/A Purchase 2.60K $49.09 $127.63K
Nov 20, 2025 David Jon Smith N/A Purchase 600.00 $45.90 $27.54K
Nov 19, 2025 Alan D Gold N/A Purchase 1.00K $46.26 $46.26K

Shareholders

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 4.78M Mar 31, 2026 17.34% $0.00 0.96%
Vanguard Portfolio Management, LLC 2.73M Mar 31, 2026 9.90% $0.01 0.00%
State Street Corp 1.59M Mar 31, 2026 5.75% $0.00 -1.15%
Vanguard Capital Management, LLC 1.24M Mar 31, 2026 4.51% $0.00 0.00%
Charles Schwab Investment Management Inc 573.63K Mar 31, 2026 2.08% $0.00 6.08%
The Goldman Sachs Group Inc 541.92K Mar 31, 2026 1.97% $0.00 6.44%
Arrowstreet Capital Limited Partnership 539.60K Mar 31, 2026 1.96% $0.01 3,423.11%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 516.11K Mar 31, 2026 1.87% $0.04 59.95%
Amvescap Plc. 496.08K Mar 31, 2026 1.80% $0.00 0.52%
Point72 Asset Management, L.P. 464.91K Mar 31, 2026 1.69% $0.03 151.82%
Northern Trust Corp 380.29K Mar 31, 2026 1.38% $0.00 7.63%
Dimensional Fund Advisors, Inc. 364.78K Jun 30, 2026 1.32% $0.00 -0.55%
D. E. Shaw & Co LP 304.57K Jun 30, 2026 1.10% $0.01 -16.03%
AlphaCore Capital LLC 214.48K Mar 31, 2026 0.78% $0.26 0.09%
Morgan Stanley - Brokerage Accounts 207.27K Mar 31, 2026 0.75% $0.00 -20.14%
Bank of New York Mellon Corp 191.31K Mar 31, 2026 0.69% $0.00 -1.91%
Principal Financial Group Inc 190.89K Jun 30, 2026 0.69% $0.01 3.84%
Vanguard Fiduciary Trust Co 181.14K Mar 31, 2026 0.66% $0.00 0.00%
Legal & General Group PLC 178.48K Mar 31, 2026 0.65% $0.00 -7.97%
Thrivent Financial For Lutherans 153.06K Mar 31, 2026 0.56% $0.01 7.54%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 iShares Core S&P Small-Cap ETF 1.75M 6.36% ▲ 0.03% Aug 31, 2026
2 Vanguard Real Estate Index Investor 1.07M 3.88% ▼ 0.21% Jul 31, 2026
3 Vanguard MStar Total Stk Mkt Idx Invest 915.19K 3.32% ▲ 0.86% Jul 31, 2026
4 iShares Russell 2000 ETF 745.05K 2.70% ▼ 0.57% Aug 31, 2026
5 Vanguard Small Cap Index 661.80K 2.40% ▲ 0.20% Jul 31, 2026
6 Vanguard MStar Small Cap Value Index 420.02K 1.52% ▲ 0.14% Jul 31, 2026
7 Invesco KBW Premium Yield Eq REIT ETF 348.41K 1.26% ▲ 0.00% Aug 31, 2026
8 Vanguard Institutional Extnd Mkt Idx Tr 332.01K 1.20% ▲ 0.17% Jul 31, 2026
9 State Street SPDR Port S&P 600 Sm CpETF 272.30K 0.99% ▲ 0.00% Aug 31, 2026
10 iShares Russell 2000 Value ETF 270.22K 0.98% ▼ 0.23% Aug 31, 2026

Financial Highlights

Market Cap: $1.57B
EBITDA: $202.60M
P/E Ratio: $12.95
PEG Ratio: $0.00
Book Value: $62.48
Dividend/Share: $7.60
Dividend Yield: 13.28%
Earnings/Share: $4.40
Profit Margin: 52.27%
Operating Margin: 48.82%
ROA (TTM): 3.28%
ROE (TTM): 7.39%
Revenue (TTM): $263.65M
Revenue/Share (TTM): $9.39
Earnings Growth (YOY): 57.70%
Revenue Growth (YOY): 0.70%

Valuation Metrics

Enterprise Value: $2.11B
Trailing P/E: 12.95
Forward P/E: 12.82

Shares Statistics

Shares Outstanding: 27.57M
Shares Float: 26.99M
% Insiders: 1.98%
% Institutions: 78.64%
Short % Float: 19.51%

Stock Price History

1 Year Price History

3 Years Price History

10 Years Price History

Financial Charts

Revenue, Net Income & Operating Cash Flow (Yearly)

Revenue, Net Income & Operating Cash Flow (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

Open full waterfall
Line Item
Step Type
Value
Revenue
adjust
$265.96M
Cost of Goods Sold
adjust
$-30.18M
Gross Profit
subtotal
$235.78M
SG&A
adjust
$-33.74M
Other Operating Expense
adjust
$-77.92M
Operating Income
subtotal
$124.12M
Other / Non-Operating Items
adjust
$-9.69M
Net Income
subtotal
$114.44M

Earnings Per Share (EPS) History

Financial Ratios

📦 Raw API Data (JSON Explorer)

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