Innovative Industrial Properties (IIPR) is a Real Estate company in the Reit Industrial industry. It has a market capitalization of $1.51B and a trailing price-to-earnings ratio of 13.3. Over the most recent reported fiscal year, revenue declined 13.8%. Nama's AI scorecard rates it Hold, 4.6 out of 10. On 12-month momentum it ranks in the lagging band of its market.
AI scorecard
Hold · 4.6/10
The sections balance. As of Nov 7, 2026.
Momentum
Lagging · +0.5% over 12 months ex. last
Second-worst fifth of its market on the past year's move.
Shariah screen
Shariah Compliant
Passes our debt, cash and income screen; not a scholar's ruling.
Off its high
-81.0%
How far the last close sits under the highest price of the past five years.
Market cap
$1.51B
Trailing P/E
13.3
Price / book
0.8
Price / sales
5.7
FCF yield
—
Dividend yield
13.9%
Gross margin
88.3%
Operating margin
46.9%
Net margin
52.3%
Revenue growth (YoY)
-13.8%
Revenue growth (3-yr annual)
-1.3%
EPS growth (YoY)
-29.1%
FCF/share growth (YoY)
—
Beta
1.4
Exchange
NYSE
Sector
Real Estate
Industry
Reit Industrial
IIPR earnings
Next report: Feb 22, 2027 (Q4 2026, EPS estimate $0.88).
Beat the EPS estimate in 2 of 4 recent quarters.
Quarter
Reported
EPS
Estimate
Surprise
Revenue
Q3 2026
Nov 2, 2026
$1.05
$0.83
+26.5%
$64.92M
Q2 2026
Aug 3, 2026
$0.96
$1.02
-5.9%
$63.31M
Q1 2026
May 4, 2026
$1.04
$1.07
-2.8%
$69.00M
Q4 2025
Feb 23, 2026
$1.06
$1.05
+0.9%
$66.66M
IIPR analyst price target
Median target $57.00 from 5 analysts, ranging $44.00 – $90.00.
Innovative Industrial Properties trades disclosed by members of the US House and Senate under the STOCK Act.
See the full Congress trades board →
Member
Chamber
Trade
Amount
Disclosed
Daniel Goldman
House
Sell
$1,001 - $15,000
Aug 13, 2023
IIPR FAQ
Is IIPR a buy?
Nama's AI scorecard currently rates Innovative Industrial Properties Hold (4.6 out of 10), a call computed from its profitability, cash generation, growth, valuation and balance sheet. It is a research reading, not investment advice.
What is IIPR's P/E ratio?
Innovative Industrial Properties trades at a trailing price-to-earnings ratio of 13.3.
When does IIPR report earnings?
Innovative Industrial Properties's next scheduled report is on Feb 22, 2027. Analysts expect EPS of $0.88.
What is the IIPR price target?
The median analyst price target from 5 analysts is $57.00, with a range of $44.00 – $90.00.
Is IIPR Shariah compliant?
Nama's AAOIFI-style screen reads Innovative Industrial Properties as Shariah Compliant. Passes our debt, cash and income screen; not a scholar's ruling.
Does IIPR pay a dividend?
Yes — Innovative Industrial Properties's dividend yield is 13.9%.