Innovative Industrial Properties, Inc. (IIPR) Stock

Innovative Industrial Properties, Inc. (IIPR) is a Real Estate stock trading at $59.71 (as of 2026-06-18), with a market capitalization of $1.67B and a trailing P/E of 15.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Innovative Industrial Properties, Inc. is a self-directed Maryland corporation that acquires, owns, and manages specialized properties leased to state-licensed operators for regulated medical-use cannabis facilities. The company has elected to be taxed as a real estate investment trust, starting with the year ended December 31, 2017.

Valuation — source: SEC EDGAR (first-party)
Price	$59.71
Market Cap	$1.67B
P/E Ratio	15.2
EV / EBITDA	10.2
Price / Book	0.91
Price / Sales	6.52
Dividend Yield	12.6%
DCF Value (model)	$85.53
DCF Upside vs Price	43.2%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$265.95M
Net Margin	44.5%
Return on Equity	6.3%
Debt / Equity	0.21
Revenue Growth (YoY)	-3.8%
EPS Growth (YoY)	-1.0%

Valuation vs Sector & Industry
Stock P/E	15.2
Sector P/E (Real Estate)	29.8
Industry P/E (Real Estate)	34.4
vs Sector	-49.1%
vs Industry	-55.8%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($239.84M)
Institutional Holders Tracked	10
Congressional Trades (recent)	5

Company
Sector	Real Estate
Industry	Real Estate
CEO	Paul E. Smithers
Employees	21
Country	US
IPO Date	2016-12-01

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

Data as of 2026-06-18.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.