IIPR Stock Summary and Trading Ideas (Innovative Ind Props | NYSE:IIPR)

Innovative Industrial Properties Inc is a real estate investment trust focused on the acquisition, ownership and management of specialized industrial and commercial properties in the United States. Its properties are prominently leased to state-licensed operators for their regulated cannabis facilities. The company conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by its Operating Partnership, directly or through subsidiaries. Its segments are: Cannabis Portfolio and Life Science Portfolio, with the majority of revenue coming from the Cannabis Portfolio segment, which involves acquiring, developing, and leasing real estate to regulated cannabis operators on long-term triple-net leases.

Innovative Ind Props trades on the NYSE stock market under the symbol IIPR.

As of August 18, 2026, IIPR stock price declined to $55.12 with 384,662 million shares trading.

IIPR has a beta of 0.59, meaning it tends to be less sensitive to market movements. IIPR has a correlation of 0.04 to the broad based SPY ETF.

IIPR has a market cap of $1.52 billion. This is considered a Small Cap stock.

Last quarter Innovative Ind Props reported $63 million in Revenue and $1.83 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.07.

In the last 3 years, IIPR traded as high as $138.35 and as low as $44.58.

The top ETF exchange traded funds that IIPR belongs to (by Net Assets): IJR, VNQ, VTI, IWM, VB.

IIPR has underperformed the market in the last year with a price return of +20.0% while the SPY ETF gained +20.4%. However, in the short term, IIPR had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.6% vs +4.1% return in SPY. But in the last 2 weeks, IIPR shares have been beat by the market, returning -5.9% compared to an SPY return of +1.3%.

IIPR support price is $54.83 and resistance is $56.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IIPR shares will trade within this expected range on the day.