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

Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.

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

As of April 9, 2025, IIPR stock price climbed to $51.80 with 752,192 million shares trading.

IIPR has a beta of 1.04, meaning it tends to be more sensitive to market movements. IIPR has a correlation of 0.11 to the broad based SPY ETF.

IIPR has a market cap of $1.47 billion. This is considered a Small Cap stock.

Last quarter Innovative Ind Props reported $77 million in Revenue and $2.22 earnings per share. This beat revenue expectation by $64,000 and met earnings estimates .

In the last 3 years, IIPR traded as high as $189.86 and as low as $45.44.

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

IIPR has underperformed the market in the last year with a price return of -42.3% while the SPY ETF gained +7.1%. IIPR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -17.9% and -17.2%, respectively, while the SPY returned -6.6% and -4.7%, respectively.

IIPR support price is $46.31 and resistance is $49.75 (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.