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Innovative Industrial Properties, Inc. (IIPR)

Innovative Industrial Properties, Inc. at a glance — key fundamentals, SEC filings, insider buying and selling, and earnings dates.

Innovative Industrial Properties, Inc. (IIPR) is a REIT - Industrial company based in US with a market capitalization of $1.7B. Revenue declined 13.8% year-over-year and the company generated $174.8M in free cash flow. This page tracks IIPR's SEC filings, insider buying and selling, earnings dates, and key fundamentals in one place.

US · 21 employees · IPO Dec 1, 2016

Valuation

Valuation & price

$54.00 · as of May 17, 2026 · -14.2% vs 52w high

13.4

P/E ratio

Latest-FY diluted EPS

0.91

P/B ratio

Market cap ÷ book equity

—

Dividend yield

Price — last 12 months

$62.93$54.23$45.52Jul 25Dec 25Jun 26Jul 7, 25$55.30Jul 9, 25$55.75Jul 11, 25$56.11Jul 15, 25$53.99Jul 17, 25$52.29Jul 21, 25$52.39Jul 23, 25$54.83Jul 25, 25$53.69Jul 29, 25$53.24Jul 31, 25$51.70Aug 4, 25$51.65Aug 6, 25$51.62Aug 8, 25$45.83Aug 12, 25$52.44Aug 14, 25$53.19Aug 18, 25$52.07Aug 20, 25$52.77Aug 22, 25$54.92Aug 26, 25$54.93Aug 28, 25$56.30Sep 3, 25$54.86Sep 5, 25$57.30Sep 9, 25$56.80Sep 11, 25$57.09Sep 15, 25$57.30Sep 17, 25$56.69Sep 19, 25$57.43Sep 23, 25$55.64Sep 25, 25$54.67Sep 29, 25$54.99Oct 1, 25$55.26Oct 3, 25$56.46Oct 7, 25$54.86Oct 9, 25$53.38Oct 13, 25$52.40Oct 15, 25$55.81Oct 17, 25$53.71Oct 21, 25$54.00Oct 23, 25$52.75Oct 27, 25$53.12Oct 30, 25$50.11Nov 3, 25$49.49Nov 5, 25$53.00Nov 7, 25$51.46Nov 11, 25$51.98Nov 13, 25$50.09Nov 17, 25$47.67Nov 19, 25$45.89Nov 21, 25$48.05Nov 25, 25$48.98Nov 28, 25$49.45Dec 2, 25$49.87Dec 4, 25$50.87Dec 8, 25$49.94Dec 10, 25$52.50Dec 12, 25$56.77Dec 16, 25$58.14Dec 18, 25$56.37Dec 22, 25$51.08Dec 24, 25$50.88Dec 29, 25$49.85Jan 2, 26$49.47Jan 6, 26$48.62Jan 8, 26$49.86Jan 12, 26$51.51Jan 14, 26$50.63Jan 16, 26$50.54Jan 21, 26$50.36Jan 23, 26$49.65Jan 27, 26$48.76Jan 29, 26$48.49Feb 2, 26$48.25Feb 4, 26$49.31Feb 6, 26$48.65Feb 10, 26$47.99Feb 12, 26$45.52Feb 17, 26$46.05Feb 19, 26$46.36Feb 23, 26$46.16Feb 25, 26$52.80Mar 2, 26$53.68Mar 4, 26$56.66Mar 6, 26$54.37Mar 10, 26$53.57Mar 12, 26$53.12Mar 16, 26$51.88Mar 18, 26$53.54Mar 20, 26$51.61Mar 24, 26$52.55Mar 26, 26$52.09Mar 30, 26$50.76Apr 1, 26$49.39Apr 6, 26$49.44Apr 8, 26$49.32Apr 10, 26$51.00Apr 14, 26$51.18Apr 16, 26$51.99Apr 20, 26$53.18Apr 22, 26$55.85Apr 24, 26$55.91Apr 28, 26$56.01May 1, 26$54.49May 5, 26$60.32May 7, 26$56.59May 11, 26$56.49May 13, 26$54.93May 15, 26$53.98May 19, 26$54.45May 21, 26$56.39May 26, 26$57.06May 28, 26$58.00Jun 1, 26$57.32Jun 3, 26$57.27Jun 5, 26$58.56Jun 9, 26$60.34Jun 11, 26$61.77Jun 15, 26$60.50Jun 17, 26$58.65Jun 22, 26$59.31Jun 26, 26$62.93
$44.5852-week range$62.93
Loading valuation history…

Fundamentals

Key fundamentals

$1.7B

Market cap

-13.8%

Revenue growth (YoY)

88.7%

Gross margin

$174.8M

Free cash flow (USD)

$346.1M

Net debt

-0.8%

Share dilution

4/5

Graham criteria passed

Defensive-investor screen

Real Estate

Sector

Trajectory

Long-term trends

Revenue by year

2016 → 2025

FY 2016$321.0KFY 2017$6.4MFY 2018$14.8MFY 2019$44.7MFY 2020$116.9MFY 2021$204.6MFY 2022$276.4MFY 2023$309.5MFY 2024$308.5MFY 2025$266.0M
$321K$266M

Free cash flow by year

2016 → 2025

FY 2016$-28.3MFY 2017$-896.0KFY 2018$-6.6MFY 2019$-299.0MFY 2020$-419.0MFY 2021$188.7MFY 2022$-139.7MFY 2023$255.5MFY 2024$258.4MFY 2025$174.8M
-$28.3M$174.8M

Gross margin by year

2021 → 2025

FY 202197.8%FY 202296.2%FY 202392.0%FY 202490.8%FY 202588.7%
97.8%88.7%

Value screen

Graham defensive-investor tests

Computing the scorecard — refreshing any stale inputs…

0

Insider buys · 90 days

0

Insider sells · 90 days

Earnings

Last report: 10-Q filed May 5, 2026

Next expected: not yet scheduled

On the tape

Recent SEC & insider activity

  • 8-K eventDebt IssuanceJun 15, 2026Filing
  • 8-K eventDebt OfferingJun 11, 2026Filing
  • 8-K eventAnnual Meeting ResultsJun 9, 2026Filing
  • 8-K eventATM Advance AgreementMay 22, 2026Filing
  • 8-K eventLoan Agreement ExecutedMay 20, 2026Filing
  • 8-K eventLoan Agreement ExecutedMay 19, 2026Filing
  • 8-K eventLoan Agreement ExecutedMay 6, 2026Filing
  • Quarterly report10-Q FiledMay 5, 2026Filing
  • 8-K eventEarnings ReleaseMay 4, 2026Filing
  • 8-K eventDebt FinancingApr 29, 2026Filing

Questions

Frequently asked questions

What is Innovative Industrial Properties, Inc.'s market cap?

Innovative Industrial Properties, Inc. (IIPR) has a market capitalization of $1.7B.

What is IIPR's P/E ratio?

IIPR trades at a price-to-earnings ratio of 13.4, based on its latest fiscal-year diluted earnings per share and the most recent cached price.

What is IIPR's price-to-book (P/B) ratio?

IIPR trades at 0.91 times book value per share.

Are insiders buying IIPR stock?

SEC Form 4 filings show no open-market insider buys at Innovative Industrial Properties, Inc. in the last 90 days (0 sells).

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Timeline

Every filing, insider trade & earnings on a price-anchored timeline

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News

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Data: SEC EDGAR filings and cached fundamental data; prices and ratios use the most recent cached quote and statements (may lag by up to a day). Educational and research purposes only. Not investment advice.