Innovative Industrial Properties (NYSE:IIPR) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS

05 May 2026, 09:11 by Scott Moore · The Cerbat Gem

Innovative Industrial Properties (NYSE:IIPR – Get Free Report) issued its quarterly earnings results on Monday. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.05), Zacks reports. The business had revenue of $69.00 million during the quarter, compared to the consensus estimate of $65.65 million. Innovative Industrial Properties had a return on equity of 6.43% and a net margin of 44.46%.The firm’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.94 earnings per share.

Innovative Industrial Properties Stock Performance

Shares of IIPR stock opened at $52.96 on Tuesday. Innovative Industrial Properties has a one year low of $44.58 and a one year high of $59.83. The company’s 50-day moving average is $52.36 and its 200 day moving average is $51.00. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 13.51 and a beta of 1.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.38 and a current ratio of 4.38.

Innovative Industrial Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a yield of 14.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Innovative Industrial Properties’s dividend payout ratio is 193.88%.

Institutional Trading of Innovative Industrial Properties

Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new stake in shares of Innovative Industrial Properties during the 3rd quarter valued at about $34,000. Los Angeles Capital Management LLC purchased a new stake in shares of Innovative Industrial Properties during the 4th quarter valued at about $35,000. Headlands Technologies LLC boosted its holdings in shares of Innovative Industrial Properties by 109.4% during the 2nd quarter. Headlands Technologies LLC now owns 758 shares of the company’s stock valued at $42,000 after acquiring an additional 396 shares during the last quarter. Triumph Capital Management purchased a new stake in shares of Innovative Industrial Properties during the 3rd quarter valued at about $44,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Innovative Industrial Properties by 1,551.2% during the 4th quarter. NewEdge Advisors LLC now owns 2,130 shares of the company’s stock valued at $101,000 after acquiring an additional 2,001 shares during the last quarter. Hedge funds and other institutional investors own 70.58% of the company’s stock.

Analyst Ratings Changes

IIPR has been the topic of several recent analyst reports. Piper Sandler increased their price objective on shares of Innovative Industrial Properties from $44.00 to $45.00 and gave the company an “underweight” rating in a research report on Wednesday, February 25th. Zacks Research raised shares of Innovative Industrial Properties from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Weiss Ratings raised shares of Innovative Industrial Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 10th. Finally, Compass Point raised shares of Innovative Industrial Properties from a “sell” rating to a “neutral” rating and set a $45.00 price objective on the stock in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $45.00.

Read Our Latest Stock Report on Innovative Industrial Properties

Innovative Industrial Properties Company Profile

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Innovative Industrial Properties, Inc is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators in the regulated U.S. cannabis industry. The company’s portfolio includes greenhouse facilities, indoor cultivation sites, processing and distribution centers, and other purpose-built properties designed to meet stringent regulatory and operational requirements. By structuring long-term net leases, Innovative Industrial Properties provides its tenants with capital to expand and modernize their operations while maintaining stable, predictable rental income streams.