Innovative Industrial Properties Inc (IIPR) Stock Price & Analysis
Innovative Industrial Properties Inc (IIPR) rose 0.34% to USD 61.48 as of July 25, 2026 at 05:30 UTC, according to Nexqual real-time market data.
IIPR last closed at USD 61.27; the session ranged USD 61.48–62.44 on volume of 168,907 shares. Market capitalization is $1.78B, with a 52-week range of USD 44.58–65.38 (NYQ). Source: Nexqual, July 25, 2026 at 05:30 UTC.
Key Statistics (as of July 25, 2026 at 05:30 UTC)
| Price | USD 61.48 |
|---|---|
| Change | ▲ 0.34% (up) |
| Previous Close | USD 61.27 |
| Open | USD 61.44 |
| Day Range | USD 61.48 – 62.44 |
| 52-Week Range | USD 44.58 – 65.38 |
| Volume | 168,907 shares |
| Market Cap | $1.78B |
| Exchange | NYQ |
Technical Analysis (IIPR)
Nexqual's technical model rates IIPR "NEUTRAL" based on 3 bullish and 2 bearish signals across 125 daily candles, as of July 25, 2026 at 05:30 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 47.31 (neutral) |
| vs SMA50 | Above (USD 60.09) |
| MACD | 0.65 (positive) |
Analyst Ratings (IIPR)
Wall Street analysts rate IIPR "Hold" based on 4 analysts, with a mean price target of USD 63.25 (range USD 51–90), per Nexqual as of July 25, 2026 at 05:30 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 4 |
| Mean Target | USD 63.25 |
| High Target | USD 90 |
| Low Target | USD 51 |
| Buy / Hold / Sell | 1 / 4 / 1 |
Earnings (IIPR)
| Next Earnings Date | 2026-08-03 |
|---|---|
| EPS Estimate | USD 1.03 |
| Revenue Estimate | $67.98M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-03-31 | USD 1.04 vs est 1.07 ▼ miss |
| 2025-12-31 | USD 1.06 vs est 1.05 ▲ beat |
| 2025-09-30 | USD 0.97 vs est 0.9 ▲ beat |
| 2025-06-30 | USD 0.86 vs est 0.91 ▼ miss |
Source: Nexqual, July 25, 2026 at 05:30 UTC.
Financials & Fundamentals (IIPR)
| Total Revenue | $263.23M |
|---|---|
| Revenue Growth (YoY) | -3.80% |
| Gross Margin | +88.46% |
| Operating Margin | +49.80% |
| Profit Margin | +45.58% |
| ROE | +6.29% |
| Debt / Equity | 19.32 |
| Current Ratio | 0.36 |
| Total Cash | $89.12M |
| Total Debt | $365.98M |
| Free Cash Flow | $156.34M |
Source: Nexqual, July 25, 2026 at 05:30 UTC.
Financial Health Score (IIPR)
Nexqual rates Innovative Industrial Properties Inc's overall financial health "Solid" across five dimensions, as of July 25, 2026 at 05:30 UTC.
| Growth | Critical — Revenue -14% YoY (annual), sharp decline |
|---|---|
| Profitability | Strong — Gross margin 88%, operating 50% |
| Balance Sheet | Solid — $89M cash vs $366M debt |
| Cash Flow | Strong — FCF $156M, 59% margin |
| Efficiency | Mixed — ROE 6%, ROA 3.3% |
Ownership (IIPR)
| Insider Ownership | +1.87% |
|---|---|
| Institutional Ownership | +71.71% |
| Shares Outstanding | 29.00M |
| Float | 28.20M |
| Short % of Float | +20.73% |
Source: Nexqual, July 25, 2026 at 05:30 UTC.
Leadership (IIPR)
Innovative Industrial Properties Inc is led by Paul E. Smithers (age 68), President, CEO & Director, per Nexqual as of July 25, 2026 at 05:30 UTC.
| President, CEO & Director | Paul E. Smithers (age 68) |
|---|---|
| Executive Chairman | Alan D. Gold (age 65) |
| CFO & Treasurer | David Jon Smith (age 44) |
| Chief Operating Officer | Catherine Hastings (age 54) |
| Senior Vice President of Real Estate Counsel | Kelly C. Spicher |
Major Backers & Investors (IIPR)
Notable institutional backers of Innovative Industrial Properties Inc include Invesco, Charles Schwab Investment Management, Inc., Arrowstreet Capital, Limited Partnership, according to Nexqual as of July 25, 2026 at 05:30 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Invesco | 2.81% |
| Charles Schwab Investment Management, Inc. | 1.99% |
| Arrowstreet Capital, Limited Partnership | 1.88% |
| Goldman Sachs | 1.88% |
| Mirae Asset Global ETFs Holdings Ltd. | 1.79% |
| Point72 Asset Management, L.P. | 1.62% |
| GLOBAL X FUNDS-Global X SuperDividend ETF | 0.92% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 25.79% |
| Vanguard Group | 25.25% |
| State Street | 5.51% |
Source: Nexqual, July 25, 2026 at 05:30 UTC.
From Innovative Industrial Properties Inc's Latest SEC 10-K Filing (filed 2026-02-24)
Key Strengths & Strategy (as disclosed to the SEC)
- Our extensive experience and relationships in the real estate and regulated cannabis industry enable us to identify, negotiate and close on acquisitions and leases with established operators and other operators which meet our criteria. • Regulated Cannabis Industry Growth Trends.
- Our competitors may also adopt transaction structures similar to ours, which would decrease our competitive advantage in offering flexible transaction terms.
Partnerships
- IIP Life Science Credit Facility In October 2025, our Operating Partnership and IIP Life Science entered into a loan agreement with a federally regulated commercial bank, as agent for the lenders that become party thereto from time to time (the "IIP Life Science Credit Facility").
- The IQHQ Warrant is exercisable for a number of common equity units representing 1.5% of the fully diluted outstanding common equity of IQHQ Holdings (after giving effect to all previously issued warrants) as of the date of the initial closing. 6 Table of Contents IQHQ Revolving Credit Facility Investment In connection with the initial closing under the Securities Purchase Agreement, on September 30, 2025, IIP Life Science became a lender under the IQHQ Credit Facility.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| GRWG | GrowGeneration Corp. | USD 1.38 | ▲ 0% |
| GTBIF | Green Thumb Industries Inc. | USD 7.02 | ▼ 0.64% |
| TRLV | Trulieve Cannabis Corp. Subordi | USD 8.36 | ▼ 3.58% |
| CRLBF | Cresco Labs Inc. | USD 0.68 | ▼ 4.35% |
| SMG | Scotts Miracle-Gro Company (The | USD 69.31 | ▲ 0.89% |
Data source: Nexqual — real-time market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: July 25, 2026 at 05:30 UTC. This page is informational and not investment advice.