Innovative Industrial Properties, Inc. logo IIPR - Innovative Industrial Properties, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 4
HOLD 6
SELL 1
STRONG
SELL 0
| PRICE TARGET: $84.67 DETAILS
HIGH: $150.00
LOW: $44.00
MEDIAN: $60.00
CONSENSUS: $84.67
UPSIDE: 48.39%

Stock News

Innovative Industrial Properties: Dual Beats And Fat Dividend Yield From Most Undervalued REIT

Innovative Industrial Properties: Dual Beats And Fat Dividend Yield From Most Undervalued REIT

Innovative Industrial Properties is undervalued, trading at 8x 2026 annualized first-quarter NFFO versus peers at 14.37x. IIPR's 13.32% dividend yield is not currently covered, but ongoing tenant default resolutions and new leases are expected to improve NFFO coverage and support the payout. Recent leasing momentum and increased payments from defaulted tenants underpin sequential revenue growth, with second-quarter revenue likely to exceed $70 million.

May 24, 2026 06:59 PM • seekingalpha.com
Innovative Industrial Properties Announces Closing of $45 Million in Secured Term Loans

Innovative Industrial Properties Announces Closing of $45 Million in Secured Term Loans

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it has closed on four secured term loans totaling $44.9 million in gross proceeds (the “Loans”). The Loans have an initial term of five years, bear interest at a fixed rate of 6.67% and are secured by certain properties of the Company. The proceeds from the Loans are expected to be used to pay off the Company's unsecured notes that are maturing at the end of this month. “This financing reflects.

May 20, 2026 02:30 AM • businesswire.com
Innovative Industrial Properties: Gradual Recovery That I Believe In

Innovative Industrial Properties: Gradual Recovery That I Believe In

Innovative Industrial Properties, Inc. remains a Buy after a ~78% drop since 2022, supported by recent solid earnings and attractive valuation. IIPR's triple-net lease model, 110-property portfolio, and 12.4-year WALT provide predictable cash flows and operational resilience. With a 7% AFFO per share CAGR and 9% annual DPS growth, IIPR offers compelling, growing dividends for income-focused investors.

May 07, 2026 10:00 AM • seekingalpha.com
Innovative Industrial Properties: Medical Cannabis Rescheduling Implies Bottoming Tenant Default Risks - Reiterate Buy

Innovative Industrial Properties: Medical Cannabis Rescheduling Implies Bottoming Tenant Default Risks - Reiterate Buy

IIPR navigates ongoing tenant defaults and elevated AFFO payout ratio, with the management funding dividends through stock issuance and debt amid deteriorating balance sheet. Recent federal medical cannabis rescheduling offers potential bottom-line relief for the REIT's tenants, supporting future rental collections and moderating default risks. IIPR's valuation floor at Price/AFFO of ~7x and the management's dividend commitment underpin a high-risk, high-yield contrarian income thesis.

May 06, 2026 09:30 AM • seekingalpha.com
Innovative Industrial Properties Announces Closing of $56.5 Million Secured Term Loan

Innovative Industrial Properties Announces Closing of $56.5 Million Secured Term Loan

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it has closed on a $56.5 million secured term loan (the “Loan”). The Loan has an initial term of three years, bears interest at the one-month Secured Overnight Financing Rate (SOFR) plus a spread of 500 basis points, is interest only and is secured by certain properties of the Company. The proceeds from the Loan are expected to be used to pay off the Company's unsecured notes that are maturing.

May 06, 2026 02:30 AM • businesswire.com
Innovative Industrial Properties: High Yield At Low Leverage

Innovative Industrial Properties: High Yield At Low Leverage

Innovative Industrial Properties offers a compelling AFFO yield of 13.7% on common stock and over 10% current yield on preferreds. IIPR trades at a P/B of 0.91, reflecting market skepticism due to troubled tenants and cannabis sector uncertainty despite strong asset coverage and low leverage. Portfolio diversification into life sciences increases credit risk, with new investments yielding 14% but reducing fixed charge coverage and raising Net Debt/EBITDA to 2.09x.

May 05, 2026 11:31 PM • seekingalpha.com
Innovative Industrial Properties Reports First Quarter 2026 Results

Innovative Industrial Properties Reports First Quarter 2026 Results

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today results for the first quarter ended March 31, 2026. Executive Chairman Remarks “We are encouraged by the pace of leasing activity year-to-date, including nearly 400,000 square feet of executed leases, which underscores the ongoing demand for our properties," said Alan Gold, Executive Chairman of IIP. "At the same time, we have taken deliberate steps to fortify our balance she.

May 04, 2026 12:30 PM • businesswire.com
Innovative Industrial Properties Announces First Quarter 2026 Earnings Release Date and Conference Call

Innovative Industrial Properties Announces First Quarter 2026 Earnings Release Date and Conference Call

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it will report its first quarter 2026 results after the close of trading on the New York Stock Exchange on Monday, May 4, 2026. Management will host an investor conference call at 9:00 a.m. Pacific Time on Tuesday, May 5, 2026, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of t.

Apr 20, 2026 02:30 AM • businesswire.com

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