IIPR — Innovative Industrial Properties Inc. price, chart and key statistics

Price data

Price

$52.77

YTD price return

+11.42%

YTD total return

+23.65%

Next earnings

Nov 2, 2026 · After close

Market cap

1.5B2017-03 90.2M2026-10 1.5B+1512.3% over the window

Enterprise value

1.6B

Shares outstanding

27.6M2016-12 5.3M2026-06 27.6M+421.4% over the window

52W low

$44.58

52W high

$65.38

From 52W high

-19.29%

From 52W low

+18.37%

52W range

39%

Volume

Rel volume

0.60×

30D volume

415.4K

30D $ vol

22.2M

Fundamentals

Sales (ttm)

263.7M2017-12 6.4M2026-06 263.7M+4006.7% over the window

Sales/share

$9.562017-12 $0.632026-06 $9.56+1415.3% over the window

EPS (ttm)

$4.792017-12 -$0.092026-06 $4.79-5627.6% over the window

FCF (ttm)

192.3M

FCF/share

$6.97

Book value/share

$67.162016-12 $11.432026-06 $67.16+487.6% over the window

Net margin

52.27%2017-12 -1.1%2026-06 52.3%-4760.6% over the window

ROE

7.44%2017-12 -0.1%2026-06 7.4%-7702.7% over the window

ROA

5.34%2017-12 -0.1%2026-06 5.3%-6033.1% over the window

Debt / equity

0.21×2019-03 0.502026-06 0.21-57.4% over the window

Growth (CAGR, ttm) · 10Y

Sales

-8.42%2025-06-30 → 2026-06-30287.9M → 263.7M (-8.4% total)-3.55%2023-06-30 → 2026-06-30293.9M → 263.7M (-10.3% total)+10.07%2021-06-30 → 2026-06-30163.2M → 263.7M (+61.6% total)n/a

Net income

+0.34%2025-06-30 → 2026-06-30137.3M → 137.8M (+0.3% total)-5.15%2023-06-30 → 2026-06-30161.5M → 137.8M (-14.7% total)+7.54%2021-06-30 → 2026-06-3095.8M → 137.8M (+43.8% total)n/a

Shares

-1.61%2025-06-30 → 2026-06-3028M → 27.6M (-1.6% total)-0.56%2023-06-30 → 2026-06-3028M → 27.6M (-1.7% total)+2.88%2021-06-30 → 2026-06-3023.9M → 27.6M (+15.2% total)+19.00%2016-12-31 → 2026-06-305.3M → 27.6M (+421.4% total)

Per-share growth (CAGR, ttm) · 10Y

EPS

-0.62%2025-06-30 → 2026-06-30$4.82 → $4.79 (-0.6% total)-5.77%2023-06-30 → 2026-06-30$5.73 → $4.79 (-16.3% total)+3.73%2021-06-30 → 2026-06-30$3.99 → $4.79 (+20.1% total)n/a

Sales/share

-6.92%2025-06-30 → 2026-06-30$10.27 → $9.56 (-6.9% total)-3.01%2023-06-30 → 2026-06-30$10.48 → $9.56 (-8.8% total)+7.00%2021-06-30 → 2026-06-30$6.82 → $9.56 (+40.2% total)n/a

Book value/share

+0.08%2025-06-30 → 2026-06-30$67.10 → $67.16 (+0.1% total)-1.21%2023-06-30 → 2026-06-30$69.66 → $67.16 (-3.6% total)+1.18%2021-06-30 → 2026-06-30$63.32 → $67.16 (+6.1% total)+20.50%2016-12-31 → 2026-06-30$11.43 → $67.16 (+487.6% total)

Dividend/share

+0.00%2025-06-30 → 2026-06-30$7.60 → $7.60 (+0.0% total)+2.00%2023-06-30 → 2026-06-30$7.16 → $7.60 (+6.1% total)+11.16%2021-06-30 → 2026-06-30$4.48 → $7.60 (+69.7% total)n/a

Price

-3.42%2025-10-20 → 2026-10-20$54.64 → $52.77 (-3.4% total)Price appreciation from split-adjusted daily closes, excluding dividends; endpoints are exact trading-day anniversaries of the latest close.-10.58%2023-10-20 → 2026-10-20$73.80 → $52.77 (-28.5% total)Price appreciation from split-adjusted daily closes, excluding dividends; endpoints are exact trading-day anniversaries of the latest close.-26.90%2021-10-20 → 2026-10-20$252.68 → $52.77 (-79.1% total)Price appreciation from split-adjusted daily closes, excluding dividends; endpoints are exact trading-day anniversaries of the latest close.+10.80%2016-12-01 → 2026-10-20$19.15 → $52.77 (+175.6% total)Price appreciation from split-adjusted daily closes, excluding dividends; endpoints are exact trading-day anniversaries of the latest close.

Total return

+11.43%2025-10-20 → 2026-10-20$47.36 → $52.77 (+11.4% total)Total return with dividends reinvested (adjusted daily closes); endpoints are exact trading-day anniversaries of the latest close. The gap against the Price row is the dividend contribution.+0.08%2023-10-20 → 2026-10-20$52.64 → $52.77 (+0.2% total)Total return with dividends reinvested (adjusted daily closes); endpoints are exact trading-day anniversaries of the latest close. The gap against the Price row is the dividend contribution.-19.58%2021-10-20 → 2026-10-20$156.90 → $52.77 (-66.4% total)Total return with dividends reinvested (adjusted daily closes); endpoints are exact trading-day anniversaries of the latest close. The gap against the Price row is the dividend contribution.+18.06%2016-12-01 → 2026-10-20$10.22 → $52.77 (+416.1% total)Total return with dividends reinvested (adjusted daily closes); endpoints are exact trading-day anniversaries of the latest close. The gap against the Price row is the dividend contribution.

Fundamentals end at the last reported quarter; price and total return end at the latest close.

Valuation

P/E (ttm)Price ÷ TTM diluted EPS. Net income carries everything below the operating line, including one-off gains. Negative when the trailing year lost money.

11.0×2018-03 -3779.602026-10 10.56-100.3% over the window

P/OI (ttm)Price ÷ TTM operating income. Excludes the below-the-line items that make P/E jump — mark-to-market gains, settlements, tax true-ups.

10.7×2018-03 -1220.322026-10 10.73-100.9% over the window

Fwd P/E

11.8×

P/S (ttm)Market cap ÷ TTM revenue.

5.5×2018-03 42.392026-10 5.52-87.0% over the window

P/B (mrq)Market cap ÷ stockholders' equity at the most recent quarter end.

0.8×2017-03 1.492026-10 0.79-47.2% over the window

P/FCF (ttm)Market cap ÷ TTM free cash flow (operating cash flow − capex).

7.6×2018-03 -303.722026-10 -1623.82+434.6% over the window

EV/EBITDA (fy)

7.8×

EV/Sales (ttm)

6.2×

FCF yield (ttm)TTM free cash flow ÷ market cap — the inverse of P/FCF.

13.22%

Dividend yield (fwd)Indicated annual dividend ÷ last close: the last regular payment × payments a year, from our own dividend record. Shown only for a company that pays the same amount each time (raises and cuts allowed), whose payments are on schedule and agree with the dividends it reports paying; a company whose payments vary in size, such as an unequal interim and final, has no forward figure — see the ttm yield.

14.40%

Dividend yield (ttm)Dividends paid over the last year ÷ last close: the last full cycle of regular payments in our own dividend record. Below the forward yield after a raise, above it after a cut. Shown only when the record holds that full cycle and it agrees with the dividends the company reports paying; otherwise —.

14.40%

Dividend/share (fwd)The indicated annual dividend: the last regular payment × payments a year, for a company that pays the same amount each time.

$7.60

Buyback yield (realized, 1y)1 − shares_at(2026-06-30) ÷ shares_at(2025-06-30) = 1 − 27.6M ÷ 28.0M. Point-in-time share counts from the company's own SEC filings (the same count at both ends), published only when the cash flow statement shows repurchases inside that window. A falling price can't inflate it; negative means net dilution.

1.61%

Shareholder yield (realized, 1y)Buyback leg + dividend leg: shares retired over the year (1.61%) + dividends paid over that year ($215.8M) ÷ market_cap_at(2025-06-30) ($1.5B). Both legs are measured against the start of the window, so a payout can't shrink its own denominator.

15.56%

Buyback yield (cash, ttm)Buybacks net of issuance over the trailing twelve months ($44.9M) ÷ today's market cap ($1.5B). Dollars SPENT over what the company is worth NOW — a stock that fell after buying reads high.

3.09%2017-12 0.0%2026-06 2.6%

Shareholder yield (cash, ttm)(TTM buybacks net of issuance $44.9M + TTM dividends $215.8M) ÷ today's market cap ($1.5B). Same caveat as the cash buyback yield.

17.92%2017-12 0.6%2026-06 15.3%+2365.6% over the window

Vs own 10Y history

P/E

4th

P/OI

8th

P/S

10th

P/B

6th