Innovative Industrial Properties, Inc. | REIT Profile

Symbol: IIPR
Exchange: NYSE
Founded: 2016 (5 years)
HQ: San Diego, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Specialty
Internally Managed REIT

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See IIPR on SEC.gov

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Overall Score: 7.1

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day April 20, 2021


REIT Profile Hightlights of Trading Day

Dividend of Trading Day April 20, 2021


Dividend of Trading Day

Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day April 20, 2021


Key Stats of Trading Day

Latest REIT Community Comments on #IIPR


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Properties Owned by IIPR


Properties Based on REIT's Official Presentation

Properties Types States Countries
26 1 12 1

Please visit REIT’s official webpage for the most up-to-date property list.


Properties Based on Earnings Report's 10-K

Properties Based on Earnings Report's 10-K

Occupancy Rate


Occupancy Rate

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $79.85 per share you would have been able to buy 12 shares of IIPR on 2020-04-21 costing $958.20 @ $79.85 per share you would have been able to buy 6 shares of IIPR on 2020-04-21 costing $479.10 @ $79.85 per share you would have been able to buy 3 shares of IIPR on 2020-04-21 costing $239.55 @ $79.85 per share you would have been able to buy 1 shares of IIPR on 2020-04-21 costing $79.85 @ $79.85 per share you would have been able to buy 0 shares of IIPR on 2020-04-21 costing $0.00
Current worth On 2021-04-20 these 12 shares would be worth $2,124.84 @ $177.07 On 2021-04-20 these 6 shares would be worth $1,062.42 @ $177.07 On 2021-04-20 these 3 shares would be worth $531.21 @ $177.07 On 2021-04-20 these 1 shares would be worth $177.07 @ $177.07 On 2021-04-20 these 0 shares would be worth $0.00 @ $177.07
Dividends earned $57.48 in dividends would have been earned since 2020-04-21 with 12 shares. $29 in dividends would have been earned since 2020-04-21 with 6 shares. $14.37 in dividends would have been earned since 2020-04-21 with 3 shares. $4.79 in dividends would have been earned since 2020-04-21 with 1 shares. $0.00 in dividends would have been earned since 2020-04-21 with 6 shares.
Net (gain / loss)* 1,224.12 USD 612.06 USD 306.03 USD 102.01 USD 0.00 USD
ROI** 127.75% 127.75% 127.75% 127.75% 0.00%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Dividend History

Financial Statements Overview


Financial Statements Overview

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Balance Shee

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Income Statement

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Cash Flow

About Innovative Industrial Properties, Inc.


Innovative Industrial Properties, Inc. is the pioneering real estate investment trust for the medical-use cannabis industry. Founded in December, 2016, we are the first publicly traded company on the New York Stock Exchange (NYSE: IIPR) to provide real estate capital to the medical-use cannabis industry. A real estate investment trust (REIT) is a corporation that combines the capital of many investors to acquire income producing real estate. As a public company traded on the NYSE, we are uniquely positioned in the industry to access public capital markets. As a REIT, one of our most attractive attributes is that we must distribute through a dividend to our stockholders at least 90 percent of our taxable income. Innovative Industrial Properties has paid consecutive quarterly dividends to our common stockholders since the second quarter of 2017.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 4.2
3 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.2
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.9
8 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.5
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 7.9
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.7
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.2
Rating Leverage Section Avg. Rating
10 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 4.9
10 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.6
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 4.8
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.7
Rating Properties Section Avg. Rating
10 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.3
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.6
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
10 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
10 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 6.0
7.1 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2021-04-21 - v1.5