INNOVATIVE INDUSTRIAL PROPERTIES INC
Innovative Industrial Properties is an internally managed real estate investment trust that acquires, owns and manages specialized industrial and commercial properties in the United States. Its properties are primarily leased to experienced, state-licensed operators for regulated cannabis facilities. The company also makes financial investments in the life science industry. It acquires cannabis properties through sale-leaseback transactions and third-party purchases, generally leasing them to tenants on a triple-net basis. Rental income is a primary source of earnings; tenants typically cover property operating costs under these leases. The company also earns income from financial investments, including preferred equity and loans. Its portfolio includes industrial, retail and industrial/retail properties. As of December 31, 2025, it owned 111 properties in 19 states. Properties are owned through its operating partnership. Innovative Industrial Properties is headquartered in Park City, Utah.
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No SEC Form 4 filings for $IIPR in the last 30 days.
See all $IIPR insider activity →Innovative Industrial Properties amended its $500M ATM program to include 9.25% Series B Preferred Stock. As of November 9, 2026, $336.9M remained available under the program, per the company's SEC filing.
INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) filed an SEC Form 8-K — Other Events. Item 8.01 Other Events. On November 9, 2026, Innovative Industrial Properties, Inc. (the “Company”) and IIP Operating Partnership, LP entered into amendments (collectively, the “Amendments”) to each of the Company's existing equity distribution agreements with BTIG, LLC, Piper Sa
Innovative Industrial Properties Inc (IIPR) reported Q3 2026 earnings, highlighting record leasing activity but also challenges. The company regained properties from tenants like Parallel and PharmaCann, facing a 6-18 month re-leasing timeline. Non-recurring rent recoveries boosted AFFO by $0.15 per share. IIPR has 800,000 sq ft of vacancy, mostly in Florida. Security deposits for four of five tenants are exhausted.
Over the past 7 days, AlphAI's AI scored 2 news stories mentioning IIPR (INNOVATIVE INDUSTRIAL PROPERTIES INC). Coverage has skewed bearish: 0 bullish, 1 neutral, and 1 bearish.
Recent IIPR coverage spans earnings, corporate actions and financial news.
The new preferred stock issuance expands the capital raise, potentially diluting existing shareholders.
The amendment expands the capital-raising capacity and may dilute existing shareholders, likely putting downward pressure on the stock.
Revenue pressure from high vacancy and exhausted security deposits may weigh on the stock.
Analyst upgrade may lift the stock modestly.
Life-sciences expansion and improved AFFO/rent recoveries are likely to support the stock, while defaulted cannabis leases and re-leasing timelines remain a risk.
AlphAI scores every news story that mentions IIPR with an AI model for sentiment and relevance, and aggregates insider trades from INNOVATIVE INDUSTRIAL PROPERTIES INC's SEC EDGAR Form 4 filings. Figures refresh continuously.
Innovative Industrial Properties amended its $500M ATM program to include 9.25% Series B Preferred Stock. As of November 9, 2026, $336.9M remained available under the program, per the company's SEC filing.
INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) filed an SEC Form 8-K — Other Events. Item 8.01 Other Events. On November 9, 2026, Innovative Industrial Properties, Inc. (the “Company”) and IIP Operating Partnership, LP entered into amendments (collectively, the “Amendments”) to each of the Company's existing equity distribution agreements with BTIG, LLC, Piper Sa
Innovative Industrial Properties Inc (IIPR) reported Q3 2026 earnings, highlighting record leasing activity but also challenges. The company regained properties from tenants like Parallel and PharmaCann, facing a 6-18 month re-leasing timeline. Non-recurring rent recoveries boosted AFFO by $0.15 per share. IIPR has 800,000 sq ft of vacancy, mostly in Florida. Security deposits for four of five tenants are exhausted.
Piper Sandler kept Innovative Ind Props at Underweight, raising its price target to $46 from $44, a 4.5% increase. This implies a 16.4% downside from the Nov 3 close of $55.
Innovative Industrial Properties (IIPR) reported Q3 2026 earnings, with revenue of $64.9M beating estimates and AFFO per share up 7% sequentially. The company is diversifying into life sciences, with investments totaling $545M, while maintaining its cannabis real estate portfolio. IIPR's stock traded at $55.12, up 1.31%, with a 14% dividend yield and a P/E ratio of 12.5.
INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Innovative Industrial Properties Reports Third Quarter 2026 Results $275 Million of Accretive Investment Activity During the Quarter SAN DIEGO, CA – November 2, 2026 – Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today result
Innovative Industrial Properties (IIPR) reported Q3 EPS of $0.99, beating estimates by $0.08, with revenue of $64.9M, exceeding expectations. The stock is down 6.77% over 3 months but up 9.92% over 12 months, with a 'good performance' financial health score according to InvestingPro.
Innovative Industrial Properties (IIPR) will report Q3'26 earnings on November 2, with expected revenue of $60.71M and EPS of $0.90. Results will be released after market close at 4:00 PM ET.
Innovative Industrial Properties extended its $62.5 million credit facility with East West Bank and other lenders to January 2027, paying an extension fee. The facility's commitments, interest rate, and covenants remained unchanged. As of October 21, 2026, $62.5 million was outstanding, according to the company.
INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Item 1.01 Entry into a Material Definitive Agreement. Amendment Number Six to Loan Agreement On October 21, 2026, Innovative Industrial Properties, Inc. (the “Company”), through its operating partnership, IIP Operating Partnership, LP (“IIP OP”), entered into Amendment Number Six
