Innovative Industrial Properties, Inc.
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14.39%
ROIC.AI
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- Innovative Industrial Properties, Inc. (NYSE: IIPR) is a real estate investment trust (REIT) that acquires, owns, and manages specialized industrial properties leased on a long-term, triple-net basis primarily to state-licensed operators for regulated cannabis cultivation, processing, manufacturing, and distribution facilities; its portfolio comprises 109 properties totaling approximately 9 million rentable square feet across 19 states, including key tenants such as Green Thumb Industries, Curaleaf, Ascend Wellness Holdings, and Vireo Health, with facilities tailored for mission-critical operations in established regulatory environments. Founded in 2016 and headquartered in Park City, Utah, the company provides sale-leaseback transactions and real estate capital solutions to well-capitalized cannabis operators facing limited traditional financing options, generating revenue through stable rental income from its national footprint focused on medical-use and adult-use cannabis markets. In recent developments, Innovative Industrial Properties committed up to $270 million to IQHQ, Inc., a premier life science real estate platform, including a $100 million secured revolving credit facility closed in 2025 and preferred stock purchases to diversify from cannabis concentration; it resolved lease defaults with PharmaCann in early 2025 involving 11 properties, released 530,000 square feet of underperforming space representing 6% of its portfolio, and expanded its revolving credit facility capacity to $87.5 million by year-end 2024 while pursuing evictions of certain tenants like 4Front Ventures and others under a strategic tenant replacement initiative launched in 2025.
Company News
Innovative Industrial Properties: Democratic Victories Offer Catalyst For 13% Yield
Innovative Industrial Properties: Leveraging Its Strong Balance Sheet For Massive Accretion
Innovative Industrial Properties: Improving AFFO Masks A Deteriorating Rental Business
IIPR.PR.B: A Fairly Priced Preferred Stock IPO From Innovative Industrial Properties
Innovative Industrial Properties Q3 Earnings Call Highlights
Innovative Industrial Properties, Inc. (IIPR) Q3 2026 Earnings Call Transcript
Innovative Industrial Properties (IIPR) Beats Q3 FFO and Revenue Estimates
Here's What Key Metrics Tell Us About Innovative Industrial Properties (IIPR) Q3 Earnings
Innovative Industrial Properties Reports Third Quarter 2026 Results
Buy 13 IDEAL 'Safer' October LoPrice/HiDividend Small Cap 'Toy Dogs'
Innovative Industrial Properties (IIPR) Stock Dips While Market Gains: Key Facts
Innovative Industrial Properties (IIPR) Expected to Post Earnings on Monday
Here’s the Hands-Down Best Cannabis Stock for Dividend Investors
Why Innovative Industrial Properties (IIPR) Dipped More Than Broader Market Today
Innovative Industrial Properties Announces Third Quarter 2026 Earnings Release Date and Conference Call
Marijuana Stocks And The Cannabis Industry: What Investors Should Watch
Innovative Industrial Properties Prices Public Offering of 9.25% Series B Cumulative Redeemable Preferred Stock
Innovative Industrial Properties Prices Public Offering of 9.25% Series B Cumulative Redeemable Preferred Stock
Innovative Industrial Properties Announces Launch of Series B Preferred Stock Offering
Innovative Industrial Properties: When New Highs Mean Newer Lows