Innovative Industrial Properties, Inc.

IIPR Real Estate Reit Industrial

Innovative Industrial Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $266.0 million, down 13.8% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 59.8%, free cash flow grew 74.3% and total debt rose 110.1%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.

52.39 0.81 −1.52%
Market cap
$1.5B
P/E
11.7×
Fwd P/E
13.7×
Dividend yield
14.5%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Older periods Sep '25 Dec '25 Mar '26 Jun '26
Piotroski F-Score

+8 more TTM periods

4 4 4 5
ROE
6.58% 6.16% 6.22% 7.28%
ROA
5.21% 4.82% 4.82% 5.31%
ROIC
3.88% 3.54% 3.54% 3.76%
Return on Tangible Assets
5.71% 5.32% 5.27% 5.92%
Average Days of Receivables
0.00 0.00 0.00 0.00
Free Cash Flow per Share
7.45 7.16 7.32 8.51
Free Cash Flow
207.84 200.43 204.83 242.13
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