Innovative Industrial Properties, Inc. (IIPR)

NYQ – Real Time Price. Currency in USD

55.76

-0.73 (-1.29%)

At close: May 12, 2026, 4:00 PM EDT

11.05.2026

Innovative Industrial Properties Q1 Earnings Call Highlights

Innovative Industrial Properties NYSE: IIPR reported first-quarter 2026 revenue of $69 million and adjusted funds from operations of $53.4 million, or $1.88 per share, as executives said the company is working to stabilize its cannabis real estate portfolio, refinance a near-term bond maturity and position itself for growth amid changes in federal cannabis policy.

07.05.2026

Innovative Industrial Properties: Gradual Recovery That I Believe In

Innovative Industrial Properties, Inc. remains a Buy after a ~78% drop since 2022, supported by recent solid earnings and attractive valuation. IIPR's triple-net lease model, 110-property portfolio, and 12.4-year WALT provide predictable cash flows and operational resilience. With a 7% AFFO per share CAGR and 9% annual DPS growth, IIPR offers compelling, growing dividends for income-focused investors.

07.05.2026

High yield ETF KBWY faces hidden payout risk from cannabis REIT tenant defaults

The Invesco KBW Premium Yield Equity REIT ETF (NASDAQ:KBWY) concentrates in roughly 30 small and mid-cap REITs that pass a high-yield screen.

07.05.2026

5% Yield Hides a Problem: XSHD Holdings Cut Dividends Faster Than Share Prices Fall

The Invesco S&P SmallCap High Dividend Low Volatility ETF (NASDAQ:XSHD) promises small-cap yield with smoother price action.

06.05.2026

Innovative Industrial Properties: Medical Cannabis Rescheduling Implies Bottoming Tenant Default Risks - Reiterate Buy

IIPR navigates ongoing tenant defaults and elevated AFFO payout ratio, with the management funding dividends through stock issuance and debt amid deteriorating balance sheet. Recent federal medical cannabis rescheduling offers potential bottom-line relief for the REIT's tenants, supporting future rental collections and moderating default risks. IIPR's valuation floor at Price/AFFO of ~7x and the management's dividend commitment underpin a high-risk, high-yield contrarian income thesis.

06.05.2026

Innovative Industrial Properties Announces Closing of $56.5 Million Secured Term Loan

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it has closed on a $56.5 million secured term loan (the “Loan”). The Loan has an initial term of three years, bears interest at the one-month Secured Overnight Financing Rate (SOFR) plus a spread of 500 basis points, is interest only and is secured by certain properties of the Company. The proceeds from the Loan are expected to be used to pay off the Company's unsecured notes that are maturing.

06.05.2026

Innovative Industrial Properties: High Yield At Low Leverage

Innovative Industrial Properties offers a compelling AFFO yield of 13.7% on common stock and over 10% current yield on preferreds. IIPR trades at a P/B of 0.91, reflecting market skepticism due to troubled tenants and cannabis sector uncertainty despite strong asset coverage and low leverage. Portfolio diversification into life sciences increases credit risk, with new investments yielding 14% but reducing fixed charge coverage and raising Net Debt/EBITDA to 2.09x.

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06.05.2026

Innovative Industrial Properties Announces Closing of $56.5 Million Secured Term Loan

04.05.2026

Innovative Industrial Properties Reports First Quarter 2026 Results

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today results for the first quarter ended March 31, 2026. Executive Chairman Remarks “We are encouraged by the pace of leasing activity year-to-date, including nearly 400,000 square feet of executed leases, which underscores the ongoing demand for our properties," said Alan Gold, Executive Chairman of IIP. "At the same time, we have taken deliberate steps to fortify our balance she.

16.03.2026

Innovative Industrial Properties Announces PharmaCann Resolution and Provides Portfolio Update

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”) announced today the following portfolio updates, including the execution of 122,000 square feet of new leases in March 2026, as the Company continues to execute on its previously announced plan to enhance the performance of its real estate portfolio and drive long-term value for its shareholders: PharmaCann The Company has resolved all pending litigation with PharmaCann Inc. (“PharmaCann”) w.

13.03.2026

Innovative Industrial Properties Declares First Quarter 2026 Dividends

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”) announced today that its board of directors has declared a first quarter 2026 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. Since its inception in 2016, the Company has paid $1.1 billion in common stock dividends to its shareholders. Additionally, IIP announced today that its board of directors has declared a regular quarterly div.

Innovative Industrial Properties, Inc. (IIPR)

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Innovative Industrial Properties, Inc. (IIPR)

Innovative Industrial Properties Q1 Earnings Call Highlights

Innovative Industrial Properties: Gradual Recovery That I Believe In

High yield ETF KBWY faces hidden payout risk from cannabis REIT tenant defaults

5% Yield Hides a Problem: XSHD Holdings Cut Dividends Faster Than Share Prices Fall

Innovative Industrial Properties: Medical Cannabis Rescheduling Implies Bottoming Tenant Default Risks - Reiterate Buy

Innovative Industrial Properties Announces Closing of $56.5 Million Secured Term Loan

Innovative Industrial Properties: High Yield At Low Leverage

Videos

No Data

Press releases

Innovative Industrial Properties Announces Closing of $56.5 Million Secured Term Loan

Innovative Industrial Properties Reports First Quarter 2026 Results

Innovative Industrial Properties Announces PharmaCann Resolution and Provides Portfolio Update

Innovative Industrial Properties Declares First Quarter 2026 Dividends

Innovative Industrial Properties Q1 Earnings Call Highlights

Innovative Industrial Properties: Gradual Recovery That I Believe In

High yield ETF KBWY faces hidden payout risk from cannabis REIT tenant defaults

5% Yield Hides a Problem: XSHD Holdings Cut Dividends Faster Than Share Prices Fall

Innovative Industrial Properties: Medical Cannabis Rescheduling Implies Bottoming Tenant Default Risks - Reiterate Buy

Innovative Industrial Properties Announces Closing of $56.5 Million Secured Term Loan

Innovative Industrial Properties: High Yield At Low Leverage

Videos

No Data

Press releases

Innovative Industrial Properties Announces Closing of $56.5 Million Secured Term Loan

Innovative Industrial Properties Reports First Quarter 2026 Results

Innovative Industrial Properties Announces PharmaCann Resolution and Provides Portfolio Update

Innovative Industrial Properties Declares First Quarter 2026 Dividends

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Innovative Industrial Properties, Inc. (IIPR)

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Innovative Industrial Properties, Inc. (IIPR)

Innovative Industrial Properties Q1 Earnings Call Highlights

Innovative Industrial Properties: Gradual Recovery That I Believe In

High yield ETF KBWY faces hidden payout risk from cannabis REIT tenant defaults

5% Yield Hides a Problem: XSHD Holdings Cut Dividends Faster Than Share Prices Fall

Innovative Industrial Properties: Medical Cannabis Rescheduling Implies Bottoming Tenant Default Risks - Reiterate Buy

Innovative Industrial Properties Announces Closing of $56.5 Million Secured Term Loan

Innovative Industrial Properties: High Yield At Low Leverage

Videos

No Data

Press releases

Innovative Industrial Properties Announces Closing of $56.5 Million Secured Term Loan

Innovative Industrial Properties Reports First Quarter 2026 Results

Innovative Industrial Properties Announces PharmaCann Resolution and Provides Portfolio Update

Innovative Industrial Properties Declares First Quarter 2026 Dividends

Innovative Industrial Properties Q1 Earnings Call Highlights

Innovative Industrial Properties: Gradual Recovery That I Believe In

High yield ETF KBWY faces hidden payout risk from cannabis REIT tenant defaults

5% Yield Hides a Problem: XSHD Holdings Cut Dividends Faster Than Share Prices Fall

Innovative Industrial Properties: Medical Cannabis Rescheduling Implies Bottoming Tenant Default Risks - Reiterate Buy

Innovative Industrial Properties Announces Closing of $56.5 Million Secured Term Loan

Innovative Industrial Properties: High Yield At Low Leverage

Videos

No Data

Press releases

Innovative Industrial Properties Announces Closing of $56.5 Million Secured Term Loan

Innovative Industrial Properties Reports First Quarter 2026 Results

Innovative Industrial Properties Announces PharmaCann Resolution and Provides Portfolio Update

Innovative Industrial Properties Declares First Quarter 2026 Dividends