Highlights
- Market Cap
- $1.42B
- Enterprise Value
- $1.37B
- EPS (TTM)
- $4.14
- PE Ratio
- 12.12
- Total Revenue (TTM)
- $265.96M
- Gross Profit (TTM)
- $235.78M
- EBITDA (TTM)
- $205.79M
- Year Range
- $44.58 - $59.83
- Target Price
- $44.00
- ROA (TTM)
- 4.94%
- ROE (TTM)
- 6.34%
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Innovative Industrial Properties, Inc., comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Innovative Industrial Properties, Inc. (IIPR) has returned 10.03% so far this year and 7.31% over the past 12 months.
Innovative Industrial Properties, Inc.
- 1D
- 2.66%
- 1M
- -1.60%
- YTD
- 10.03%
- 6M
- 1.11%
- 1Y
- 7.31%
- 3Y*
- -3.14%
- 5Y*
- -16.29%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Dec 1, 2016, IIPR's average daily return is +0.11%, while the average monthly return is +2.43%. At this rate, your investment would double in approximately 2.4 years.
Historically, 54% of months were positive and 46% were negative. The best month was Dec 2017 with a return of +79.6%, while the worst month was Dec 2024 at -37.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 6 months.
On a daily basis, IIPR closed higher 53% of trading days. The best single day was Nov 5, 2020 with a return of +16.7%, while the worst single day was Dec 20, 2024 at -22.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.03% | 9.60% | -1.60% | 10.03% | |||||||||
| 2025 | 7.56% | 0.38% | -22.51% | 0.41% | 1.68% | 3.44% | -6.37% | 9.59% | -2.05% | -6.40% | -1.40% | -0.43% | -18.40% |
| 2024 | -7.53% | 5.11% | 7.55% | -0.14% | 4.24% | 3.12% | 12.44% | 1.20% | 9.84% | -4.02% | -15.61% | -37.10% | -28.55% |
| 2023 | -11.42% | -1.53% | -11.98% | -9.79% | -3.57% | 13.18% | 8.52% | 10.16% | -11.25% | -5.06% | 13.69% | 25.67% | 8.78% |
| 2022 | -24.62% | -4.91% | 9.90% | -29.61% | -7.98% | -16.13% | -12.25% | -4.86% | -1.63% | 22.15% | 12.13% | -14.86% | -59.02% |
| 2021 | 2.18% | 4.21% | -6.90% | 1.65% | -1.58% | 6.75% | 12.55% | 14.38% | -5.39% | 13.81% | -2.38% | 2.96% | 47.49% |
Benchmark Metrics
Innovative Industrial Properties, Inc. has an annualized alpha of 14.31%, beta of 1.10, and R² of 0.18 versus S&P 500 Index. Calculated based on daily prices since December 02, 2016.
- This stock captured 170.19% of S&P 500 Index gains and 140.52% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- R² of 0.18 means this stock moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 14.31%
- Beta
- 1.10
- R²
- 0.18
- Upside Capture
- 170.19%
- Downside Capture
- 140.52%
Return for Risk
Risk / Return Rank
IIPR ranks 39 for risk / return — below 39% of stocks on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Innovative Industrial Properties, Inc. (IIPR) and compare them to a chosen benchmark (S&P 500 Index).
| IIPR | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.18 | 0.90 | -0.71 |
Sortino ratioReturn per unit of downside risk | 0.56 | 1.39 | -0.82 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.21 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | -0.29 | 1.40 | -1.69 |
Martin ratioReturn relative to average drawdown | -0.70 | 6.61 | -7.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore IIPR risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Innovative Industrial Properties, Inc. provided a 15.15% dividend yield over the last twelve months, with an annual payout of $7.60 per share. The company has been increasing its dividends for 8 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $7.60 | $7.60 | $7.52 | $7.22 | $7.10 | $5.72 | $4.47 | $2.83 | $0.85 | $0.55 |
Dividend yield | 15.15% | 16.05% | 11.28% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 1.87% | 1.70% |
Monthly Dividends
The table displays the monthly dividend distributions for Innovative Industrial Properties, Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $1.90 | $1.90 | |||||||||
| 2025 | $0.00 | $0.00 | $1.90 | $0.00 | $0.00 | $1.90 | $0.00 | $0.00 | $1.90 | $0.00 | $0.00 | $1.90 | $7.60 |
| 2024 | $0.00 | $0.00 | $1.82 | $0.00 | $0.00 | $1.90 | $0.00 | $0.00 | $1.90 | $0.00 | $0.00 | $1.90 | $7.52 |
| 2023 | $0.00 | $0.00 | $1.80 | $0.00 | $0.00 | $1.80 | $0.00 | $0.00 | $1.80 | $0.00 | $0.00 | $1.82 | $7.22 |
| 2022 | $0.00 | $0.00 | $1.75 | $0.00 | $0.00 | $1.75 | $0.00 | $0.00 | $1.80 | $0.00 | $0.00 | $1.80 | $7.10 |
| 2021 | $0.00 | $0.00 | $1.32 | $0.00 | $0.00 | $1.40 | $0.00 | $0.00 | $1.50 | $0.00 | $0.00 | $1.50 | $5.72 |
Dividend Yield & Payout
Dividend Yield
Innovative Industrial Properties, Inc. has a dividend yield of 15.15%, which means its dividend payment is significantly above the market average.
Payout Ratio
Innovative Industrial Properties, Inc. has a payout ratio of 187.46%, which is above the market average. This might signify the company's strong earnings or financial health. However, it could also hint at a more mature business phase with potentially slower growth.
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Innovative Industrial Properties, Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Innovative Industrial Properties, Inc. was 78.42%, occurring on Aug 8, 2025. The portfolio has not yet recovered.
The current Innovative Industrial Properties, Inc. drawdown is 73.58%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -78.42% | Nov 16, 2021 | 935 | Aug 8, 2025 | — | — | — |
| -65.47% | Jul 12, 2019 | 173 | Mar 18, 2020 | 143 | Oct 9, 2020 | 316 |
| -33.22% | Jan 3, 2018 | 38 | Feb 27, 2018 | 62 | May 25, 2018 | 100 |
| -24.76% | Feb 25, 2021 | 8 | Mar 8, 2021 | 105 | Aug 5, 2021 | 113 |
| -21.36% | Jan 6, 2017 | 44 | Mar 10, 2017 | 159 | Oct 25, 2017 | 203 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
The chart below illustrates the trends in the financial health of Innovative Industrial Properties, Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Valuation
The Valuation section provides an overview of how Innovative Industrial Properties, Inc. is priced in the market compared to other companies in the REIT - Industrial industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
PE Ratio
The chart displays the Price-to-Earnings (P/E) ratio for IIPR, comparing it with other companies in the REIT - Industrial industry. Currently, IIPR has a P/E ratio of 12.1. This P/E ratio is considered low compared to industry peers, which may suggest that the stock is undervalued or that the company has weaker growth prospects.
PS Ratio
This chart shows the Price-to-Sales (P/S) ratio for IIPR relative to other companies in the REIT - Industrial industry. Currently, IIPR has a P/S ratio of 5.3. This P/S ratio falls within the average range for the industry, suggesting the stock is fairly valued based on its revenue.
PB Ratio
The chart illustrates the Price-to-Book (P/B) ratio for IIPR in comparison with other companies in the REIT - Industrial industry. Currently, IIPR has a P/B value of 0.8. This P/B ratio is in line with the industry average, suggesting the stock is valued fairly in relation to its book value.
Income Statement
| TTM | |
|---|---|
Revenue | — |
Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
Operating Expenses | — |
Selling, General & Admin Expenses | — |
R&D Expenses | — |
Depreciation And Amortization | — |
Total Operating Expenses | — |
Income | — |
Income Before Tax | — |
Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |