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NYSEReal EstateREIT - Industrial
Latest quote
$51.83
−$0.09 · -0.17%
Innovative Industrial Properties, Inc. is an independently managed, Maryland-based corporation primarily focused on acquiring, owning, and overseeing unique real estate assets. These properties are subsequently leased to experienced, state-licensed operators who utilize them for their regulated medical cannabis facilities. For tax purposes, the company adopted the structure of a Real Estate Investment Trust (REIT) starting from the end of 2017.
Previous close
$51.83
−$0.09 · -0.17%
Regular session · ET · Market data may be delayed.
Innovative Industrial Properties, Inc. is an independently managed, Maryland-based corporation primarily focused on acquiring, owning, and overseeing unique real estate assets. These properties are subsequently leased to experienced, state-licensed operators who utilize them for their regulated medical cannabis facilities. For tax purposes, the company adopted the structure of a Real Estate Investment Trust (REIT) starting from the end of 2017.
Day range
Current $51.83
52-week range
Current $51.83
Regular session · ET · Market data may be delayed.
GoAI Score
Buy
Valuation
85
Deep Value
Sentiment
64
Bullish
Risk
29
Moderate Risk
Momentum
61
Gaining
Full GoAI research
Thesis, catalysts, evidence, and risk analysis.
Innovative Industrial Properties, Inc. is an independently managed, Maryland-based corporation primarily focused on acquiring, owning, and overseeing unique real estate assets. These properties are subsequently leased to experienced, state-licensed operators who utilize them for their regulated medical cannabis facilities. For tax purposes, the company adopted the structure of a Real Estate Investment Trust (REIT) starting from the end of 2017.
Day range
Current $51.83
52-week range
Current $51.83
Profitability as a percentage of reported revenue.
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 265.96M USD | 308.52M USD | 309.51M USD | 276.36M USD | 204.55M USD |
| Cost of goods sold | 30.18M USD | 28.47M USD | 24.89M USD | 10.52M USD | 4.44M USD |
| Gross profit | 235.78M USD | 280.05M USD | 284.61M USD | 265.84M USD | 200.11M USD |
| Selling, general, and administrative | 33.74M USD | 37.44M USD | 42.83M USD | 38.52M USD | 22.96M USD |
| Operating expenses | 111.66M USD | 111.7M USD | 110.03M USD | 96.22M USD | 64.74M USD |
| Interest income | — | 10.99M USD | 7.08M USD | 3.2M USD | 397K USD |
| Interest expense | 20.2M USD | 16.26M USD | 16.1M USD | 18.3M USD | 18.09M USD |
| Depreciation and amortization | 74.07M USD | 70.81M USD | 67.19M USD | 61.3M USD | 41.78M USD |
| Operating income | 124.12M USD | 168.35M USD | 174.59M USD | 169.62M USD | 135.37M USD |
| Net income | 114.44M USD | 161.66M USD | 165.59M USD | 154.39M USD | 113.99M USD |
Company facts updated Oct 11, 2026.
Recent quarterly results
Recent quarterly results
Third-party consensus; not a GoAI recommendation.
Average target
$84.67
63.36% upsideCash distributions grouped by calendar year; partial years are marked.
$7.60
2025 complete year+32.9% since 2021
2026 partial: $5.70
$5.72
2,021
$7.10
2,022
$7.22
2,023
$7.52
2,024
$7.60
2,025
$5.70
2,026*
* Partial calendar year in the available dividend history.
| Action | Ex-dividend date | Details | Record date | Payment date |
|---|---|---|---|---|
Dividend | Sep 30, 2026 | $1.90Quarterly | Sep 30, 2026 | Oct 15, 2026 |
Dividend | Jun 30, 2026 | $1.90Quarterly | Jun 30, 2026 | Jul 15, 2026 |
Dividend | Mar 31, 2026 | $1.90Quarterly | Mar 31, 2026 | Apr 15, 2026 |
Dividend | Dec 31, 2025 | $1.90Quarterly | Dec 31, 2025 | Jan 15, 2026 |
Dividend | Sep 30, 2025 | $1.90Quarterly | Sep 30, 2025 | Oct 15, 2025 |
Dividend | Jun 30, 2025 | $1.90Quarterly | Jun 30, 2025 | Jul 15, 2025 |
Ex-dividend Sep 30, 2026
$1.90
Quarterly
Record Sep 30, 2026 · Payment Oct 15, 2026
Ex-dividend Jun 30, 2026
$1.90
Quarterly
Record Jun 30, 2026 · Payment Jul 15, 2026
Ex-dividend Mar 31, 2026
$1.90
Quarterly
Record Mar 31, 2026 · Payment Apr 15, 2026
Ex-dividend Dec 31, 2025
$1.90
Quarterly
Record Dec 31, 2025 · Payment Jan 15, 2026
Ex-dividend Sep 30, 2025
$1.90
Quarterly
Record Sep 30, 2025 · Payment Oct 15, 2025
Ex-dividend Jun 30, 2025
$1.90
Quarterly
Record Jun 30, 2025 · Payment Jul 15, 2025
Funds reporting this stock among their holdings, ordered by reported position size.
Vanguard Real Estate ETFVNQ62.06M0.09%70.8B USD0.13%$90.65+1.45%
Vanguard Morningstar Total Stock Market ETFVTI52.09M0.00%2.3T USD0.03%$381.94+0.63%
iShares Russell 2000 ETFIWM40.41M0.05%78.74B USD0.19%$278.94+0.49%
Vanguard Morningstar Small-Cap ETFVB37.66M0.02%185.3B USD0.03%$289.48+0.64%
Vanguard Morningstar Small-Cap Value ETFVBR23.93M0.03%68.2B USD0.05%$234.43+0.22%
Invesco KBW Premium Yield Equity REIT ETFKBWY19.96M7.15%289.41M USD0.35%$16.3844-0.22%
Vanguard Extended Market ETFVXF18.93M0.02%95.4B USD0.05%$235+0.80%
Global X - SuperDividend ETFSDIV13.85M1.17%1.18B USD0.58%$23.96+0.59%Vanguard Real Estate ETFVNQVanguard Morningstar Total Stock Market ETFVTIiShares Russell 2000 ETFIWMVanguard Morningstar Small-Cap ETFVBVanguard Morningstar Small-Cap Value ETFVBRInvesco KBW Premium Yield Equity REIT ETFKBWYVanguard Extended Market ETFVXFGlobal X - SuperDividend ETFSDIVAI-generated and delayed market data for informational and educational purposes only. Not investment advice.
