Innovative Industrial Properties, Inc.

Innovative Industrial Properties, Inc.

IIPRยทNYSE

$57.91

+1.1%
Real EstateREIT - Industrial

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.

At a Glance

Live Snapshot
Market Cap$1.67B
EPS3.9800
P/E Ratio14.55
Earnings Date08/05/2026
iipr

Innovative Industrial Properties, Inc. Street Expectations Map

IIPR ยท NYSE

Wall Street analysts project that IIPR stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 84.67, with estimates ranging from a low of 44.00 to a high of 150.00.

Lowest Target
44.00
-24.03%
Consensus Target
84.67
46.20%
Highest Target
150.00
159.00%

The consensus 1-year price target stands at 84.67, with estimates ranging from a low of 44.00 to a high of 150.00.

Analyst Consensus Analysis

Upside Potential

+46.2%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

125.2% spread

High uncertainty. Very wide target spread indicates significant disagreement among analystsโ€”major valuation uncertainty or transformation underway.

Risk-Reward Profile

6.62x

Favorable risk-reward. Potential upside significantly exceeds downside risk, offering asymmetric return profile attractive for risk-tolerant investors.

Analyst Conviction

Low

High uncertainty: Wide dispersion indicates analysts struggle to agree on valuationโ€”proceed with caution and independent analysis.

Market Sentiment Insight

High risk, high reward: Substantial upside potential exists, but wide analyst disagreement signals execution risk or unclear catalysts. Thorough due diligence essential before committing capital.

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Innovative Industrial Properties, Inc. Forward Estimates of Revenue

IIPR ยท NYSE
Latest Revenue
265.95M
FY 2025
Avg Estimate
268.99M
FY 2026
Estimate Range
258.83M - 284.14M
Analyst Spread

Forward Growth Analysis

Projected Growth+1.1%

Flat growth suggests market maturity or near-term challenges offsetting expansion efforts.

Analyst Coverage3 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread9%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

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Innovative Industrial Properties, Inc. Forward Estimates of Net Income

IIPR ยท NYSE
Latest Net Income
114.44M
FY 2025
Avg Estimate
120.18M
FY 2026
Estimate Range
116.81M - 129.18M
Analyst Spread

Forward Growth Analysis

Projected Growth+5.0%

Moderate growth expected, typical for mature businesses with stable market positions.

Analyst Coverage3 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread10%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

iipr

Innovative Industrial Properties, Inc. Forward Estimates of EPS

IIPR ยท NYSE
Latest EPS
3.98
FY 2025
Avg Estimate
$4.29
FY 2026
Estimate Range
$4.09 - $4.53
Analyst Spread

Forward Growth Analysis

Projected Growth+7.9%

Moderate growth expected, typical for mature businesses with stable market positions.

Analyst Coverage3 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread10%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

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Innovative Industrial Properties, Inc. Forward Estimates of EBIT

IIPR ยท NYSE
Latest EBIT
134.63M
FY 2025
Avg Estimate
163.48M
FY 2026
Estimate Range
157.31M - 172.69M
Analyst Spread

Forward Growth Analysis

Projected Growth+21.4%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage3 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread9%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

Key Insight

Compelling growth story with analyst consensus: Strong projected growth combined with narrow estimate spread suggests high-conviction opportunity.

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Innovative Industrial Properties, Inc. Forward Estimates of EBITDA

IIPR ยท NYSE
Latest EBITDA
208.70M
FY 2025
Avg Estimate
223.32M
FY 2026
Estimate Range
214.89M - 235.90M
Analyst Spread

Forward Growth Analysis

Projected Growth+7.0%

Moderate growth expected, typical for mature businesses with stable market positions.

Analyst Coverage3 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread9%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

iipr

Innovative Industrial Properties, Inc. Forward Estimates of SG&A Expense

IIPR ยท NYSE
Latest SG&A Expense
33.73M
FY 2025
Avg Estimate
34.04M
FY 2026
Estimate Range
32.75M - 35.96M
Analyst Spread

Forward Growth Analysis

Projected Growth+0.9%

Flat growth suggests market maturity or near-term challenges offsetting expansion efforts.

Analyst Coverage3 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread9%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

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Innovative Industrial Properties, Inc. Insider Positioning

IIPR ยท NYSE

During the last 12 months, insiders have purchased $247K worth of IIPR shares, with no selling activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

5.2K

247.13K

Sold

0

0.00

Net Activity

+247K

+$247K

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

1
GAD

Gold Alan D

Director, Officer: Executive Chairman

4.6K sharesโ€ข3 transactions

$220K

2
SDJ

Smith David Jon

Officer: Cfo And Treasurer

600 sharesโ€ข1 transactions

$28K

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $247K net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

โˆž:1

Perfect buy/sell ratio. Only buying activity with zero sellingโ€”the most bullish possible insider signal.

Insider Participation

High Buying

2 insider buyers vs. 0 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Compelling insider conviction: The combination of strong buy/sell ratio and multiple buyers suggests insiders see attractive risk/reward. Consider this alongside fundamental analysis for confirmation.