Innovative Industrial Properties (IIPR) Expected to Announce Quarterly Earnings on Wednesday

Innovative Industrial Properties (NYSE:IIPR) is expected to issue its Q4 2025 results before the market opens on Wednesday, February 18th. Analysts expect Innovative Industrial Properties to post earnings of $1.81 per share for the quarter. Parties may visit the the company’s upcoming Q4 2025 earning results page for the latest details on the call scheduled for Friday, February 20, 2026 at 4:00 PM ET.

Innovative Industrial Properties Trading Down 0.6%

Shares of NYSE IIPR opened at $48.01 on Wednesday. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average price is $50.54 and its two-hundred day moving average price is $52.07. Innovative Industrial Properties has a 52-week low of $44.58 and a 52-week high of $75.71. The stock has a market capitalization of $1.35 billion, a P/E ratio of 11.38 and a beta of 1.47.

Innovative Industrial Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 15.8%. The ex-dividend date of this dividend was Wednesday, December 31st. Innovative Industrial Properties’s dividend payout ratio is currently 180.09%.

Wall Street Analyst Weigh In

IIPR has been the subject of a number of research reports. Weiss Ratings downgraded shares of Innovative Industrial Properties from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, January 28th. Piper Sandler lifted their price target on shares of Innovative Industrial Properties from $43.00 to $44.00 and gave the company an “underweight” rating in a report on Wednesday, November 5th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Innovative Industrial Properties presently has an average rating of “Reduce” and a consensus price target of $68.20.

Insider Buying and Selling

In other Innovative Industrial Properties news, CFO David Jon Smith purchased 600 shares of Innovative Industrial Properties stock in a transaction on Thursday, November 20th. The stock was bought at an average price of $45.90 per share, for a total transaction of $27,540.00. Following the transaction, the chief financial officer owned 600 shares of the company’s stock, valued at $27,540. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Alan D. Gold purchased 2,600 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was acquired at an average cost of $49.09 per share, with a total value of $127,634.00. Following the purchase, the chairman owned 2,600 shares of the company’s stock, valued at approximately $127,634. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 4,200 shares of company stock valued at $201,434 over the last three months. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Innovative Industrial Properties

Several institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its stake in Innovative Industrial Properties by 26.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 509,124 shares of the company’s stock valued at $24,112,000 after buying an additional 105,569 shares during the period. Invesco Ltd. boosted its holdings in shares of Innovative Industrial Properties by 15.2% in the third quarter. Invesco Ltd. now owns 440,364 shares of the company’s stock valued at $23,595,000 after acquiring an additional 58,231 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Innovative Industrial Properties by 5.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 304,527 shares of the company’s stock valued at $16,317,000 after acquiring an additional 16,471 shares during the period. Millennium Management LLC raised its holdings in Innovative Industrial Properties by 1,131.0% during the first quarter. Millennium Management LLC now owns 157,509 shares of the company’s stock worth $8,520,000 after purchasing an additional 144,714 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in Innovative Industrial Properties by 9.9% during the second quarter. Public Sector Pension Investment Board now owns 115,529 shares of the company’s stock worth $6,380,000 after purchasing an additional 10,416 shares in the last quarter. Institutional investors and hedge funds own 70.58% of the company’s stock.

Innovative Industrial Properties Company Profile

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.

Founded in 2016 and headquartered in San Diego, California, Innovative Industrial Properties was the first publicly traded REIT in the medical-cannabis sector.